In this instance, Xavier and Shawn are general partners. In this arrangement, all partners are equally responsible for the business, meaning they are both liable for any financial loss. LLC would protect their personal assets from this type of claim. Obviously, this isn't a sole proprietorship because there is more than one owner.
Answer:
Sarbanes-Oxley Act of 2002.
Explanation:
Sarbanes-Oxley Act of 2002 is a legal framework which was passed by the 107th U.S Congress on the 30th of July, 2002. The law required that investment banking be completely made rid of research analysts who works at a broker-dealer firms, so that the analysts are not influenced to write favorable reports to enhance their potential investment banking businesses.
Hence, the legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the Sarbanes-Oxley Act of 2002.
<em>It is a law that imposes a stiffer penalty for any securities related law break offence by the accountants, auditors etc by mandating strict reforms to the existing securities regulations. </em>
Answer:
a. restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private
Explanation:
In a leveraged buyout, a firm is acquired using debt. The assets of the company are usually used as a collateral for the loans used a leverage buyout.
I hope my answer helps you
Answer:
Increase.
Explanation:
The quantity that exists when a market is in equilibrium. Equilibrium quantity is simultaneously equal to both the quantity demanded and quantity supplied. In a market graph, the equilibrium quantity is found at the intersection of the demand curve and the supply curve.
Answer:
No of units manufactured = No. of units sold + Closing units - Opening units
= 24000 + 21600 - 18000= 27600
Total selling expenses for february:
1. Sales commission = $ 700000 * 5% = $ 35000
Sales manager salary = $ 96000
Advertisement = $ 90000
Shipping charges = $ 14000
Misc selling expenses = $ 2500 + $ 3500 = $ 6000
Total selling expenses = $ 6000 +$ 14000 $ 90000 + $ 96000 + $ 35000 = $ 241000
Explanation:
