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jeka57 [31]
3 years ago
9

Determine whether each characteristic describes a general partnership (GP), limited liability company (LLC), both, or neither.A.

Must pay a business (corporate) income tax.B. When the business cannot pay its debts, creditors can take the owners' personal assets. C. All owners can have management duties. D. The owners are often referred to as members. E. Ownership is split among two types of owners: general and limited partners. F. Owners have limited liability.
Business
1 answer:
Darina [25.2K]3 years ago
6 0

Answer and Explanation:

The categorization is shown below:

a. Neither should be selected as partnership and LLC are through entities and for the income tax is calculated on personal income tax

b. General partnership as it contains the unlimited liabilities

c. LLC as it contains the equal status in this type of business organization.

d,. LLC as it is standardized according to the organization articles

e. Neither should be selected as general and limited should be come under the limited partnership

f. LLC should be selected as in this, owners have the limited liability

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Last winter, your service fraternity volunteered at an elementary school in a lower income neighborhood in your city. You notice
sesenic [268]

Answer:

A) Persistent.

C) Hard-working.

D) Creative.

Explanation:

In the given situation, it is mentioned that an individual wants to start a business that deals in hats and mittens so the needs of the children could be fulfilled. But for that,  we need to find out a cofounder that should be have following traits and characteristics

a. Persistent: The person should be trying his best o achieve it rather than escape from it

b. he should be hardworking so that every child's need could be fulfillled

c. He should be creative or we can say who bring innovative ideas to the firm so that the people get attracted to the company products so that the sale of the firm could rise up

6 0
4 years ago
A delivery company spent $3,500 last week upgrading one of its trucks. This week the company is trying to decide if this upgrade
rjkz [21]

Answer:

Sunk cost

Explanation:

The sunken cost is the expense previously incurred that will not be compensated in future. Plus, it's also called past expense.  

The cost at the time of decision-making is not significant and it should be ignored.

In the given question, the $3,500 spent which is not now recovered and hence represents the sunk cost

3 0
3 years ago
20) Although sounding contradictory, some firms see great benefit to orienting operations that simultaneously focus efforts on e
aliina [53]

Answer:

transnational

Explanation:

A business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

A transnational strategy can be defined as a set of planned actions through which a company focuses on establishing other branches in foreign markets. Thus, there exist some level of centralization, cooperation and interdependence between its headquarter, branches, subsidiaries and retail stores.

This ultimately implies that, a transnational strategy simply involves companies adopting the following approach;

I. Focusing efforts on ensuring local responsiveness.

II. Aggressively reducing operational costs.

III. Systematically transferring ideas and innovations among subsidiaries.

Hence, companies following the aforementioned approach are considered to be following a transnational strategy.

8 0
3 years ago
Inventory Valuation under Variable Costing Lane Company produced 50,000 units during its first year of operations and sold 47,30
otez555 [7]

Answer:

1. $5.62

2. $15,174

Explanation:

1. The computation of the cost of one unit of product under variable costing is shown below:-

Total product cost = Direct material + Direct labor + Variable overhead

= $123,000 + $93,000 + $65,000

= $281,000

Unit product cost = Total product cost ÷ Produced units

= $281,000 ÷ $50,000

= $5.62

2. The computation of cost of ending inventory under variable costing is shown below:-

Unsold at end = Unit produced - Unit sold

= 50,000 - 47,300

= 2,700

Cost of ending inventory = Number of units sold × Unit product cost

= $5.62 × 2,700

= $15,174

3 0
3 years ago
The client is diagnosed with hyperlipidemia and prescribed lovastatin. which is the most common adverse effects of lovastatin?
olganol [36]

After receiving a lovastatin prescription, the client is diagnosed with hyperlipidemia. The most frequent side effects of lovastatin include headache and flatulence.

Low-density lipoprotein, or LDL, and high-density lipoprotein, or HDL, levels in the blood are decreased, HDL levels are raised, and triglycerides are decreased when lovastatin is used with a healthy diet.

With diabetes, coronary heart disease, or other risk factors, adults are prescribed lovastatin to reduce their risk of stroke, heart attack, and other heart issues.

Lovastatin can result in muscular tissue disintegration, which can result in kidney failure. People who are elderly, have kidney illness, or have hypothyroidism (underactive thyroid) that is not well-controlled are more likely to have this.

Use effective birth control to avoid pregnancy; do not use if you are pregnant; stop taking this medication and notify your doctor right away if you get pregnant.

Learn more about lovastatin here

brainly.com/question/6088442

#SPJ4

4 0
2 years ago
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