Answer: (A) Limited partnership
Explanation:
According to the given question, the limited partnership is one of the type of investment that basically managing the business and also the various types of private liabilities.
A limited type of partnership contain atleast one partner and one GP that helps in contributing financially. All the three person are forming the limited partnership that helps in extended the overall investment money as they mentioned about the limited liabilities and also their specific preferences.
Therefore, Option (A) is correct answer.
Answer: Option D
Explanation: In simple words, accrual basis refers to the method of accounting in which the expenses are recorded when they are incurred and revenues are recorded when they are earned.
Under this method, accountant does not take into consideration whether the cash has been exchanged or not. This is widely followed as it represents the position of an organisation more effectively.
Answer:
only increasing price on its goods
Explanation:
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.
In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses
Answer:
The correct answer is B: the jobs produced during the period have been under-costed
Explanation:
Giving the following information:
If manufacturing overhead has been under-allocated during the period, then which of the following is true?
(a) the jobs produced during the period have been over-costed
(b) the jobs produced during the period have been under-costed
(c) the jobs produced during the period have been costed correctly
(d) none of the above
When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.
