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3 years ago

In a limited liability partnership (LLP)

Business

1 answer:

sladkih [1.3K]3 years ago

6 0

Answer:

The correct answer is A

Explanation:

In the LLP (which stands for Limited Liability Partnership), which is a kind of partnership, in this partnership all the partners have the liabilities which is limited. In other words, limited liability means that the partners are not liable beyond their capital amount and each partner is also not responsible for the misconduct or the negligence of the another partner.

Therefore, the option A is correct as the partner could avoid the liability for the malpractice of the other partner.

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QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company’s comparative balance sheets.

natulia [17]

Answer:

cash received from issuance234,000

cash used for dividends 24,000

Explanation:

Common stock 111,000 104,000

Paid -in excess of par 571,000 344,000

RE 317,500 291,500

Common Stock Paid-in Excess RetainedEarnings Cash

Debit Credit Debit Credit Debit Credit Debit Credit

104,000 344,000 291,500 7,000 227,000 234,000

Balance111,000 Balance: 571,000 50,000

24,000 24,000

Balance: 317,500

Beginning Earnings + Income - Dividends = Ending

Dividends= Beginning + Income - Ending

Dividends= 291,500 + 50,000 - 317,500 = 24,000

7 0

3 years ago

At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 914,000 Credit sales 31

Lyrx [107]

Answer:

Date Account Title Debit Credit

Dec, 31 Bad debt expense $15,700

Allowance for doubtful expense account $15,700

Working

= 5% * 314,000

= $15,700

Date Account Title Debit Credit

Dec, 31 Bad debt expense $‭36,840‬

Allowance for doubtful expense account $‭36,840‬

Working

= 3% * (Cash sales + Credit sales)

= 3% * (914,000 + 314,000)

= $‭36,840‬

Date Account Title Debit Credit

Dec, 31 Bad debt expense $‭‭17,520

Allowance for doubtful expense account $‭‭17,520

Working

= (8% * Year end accounts receivable) + Debit balance for Allowance for doubtful account

= (8% * 139,000) + 6,400

= $‭17,520‬

8 0

2 years ago

Eight years ago, ms. jones, a farmer, inherited a large parcel of land that had a fair market value of $150,000 at that time. sh

umka21 [38]

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7 0

3 years ago

A growing trend to "Buy American" may encourage U.S. automakers to increase political pressure on Washington to pass legislation

Kazeer [188]

Answer:

C) a positive result from regulatory and economic environmental forces.

Explanation:

In the short run the whole economy will benefit, more American jobs will be created, consumers will probably get good cars at even lower prices, but on the long run the scenario may not be that good for everyone. If Toyota builds the plant, it will be the result of economic and political pressures, and that is a game that two can play, just ask farmers about the trade deal with China.

On the other hand, this is a type of deja vu (or been there, done that), and it ended up with GM and Chrysler bankrupt and Ford barely surviving. This types of policies were enforced in the 1980s by president Reagan and the famous "Made in the USA" by Bruce Springsteen. Back then Honda had a small factory and Toyota was starting to consider building a plant in the US, Nissan hadn't showed up yet. Fast forward a few years and the only good American vehicles are pickups, the Japanese brands wiped out the rest. The country is full of Camrys, Accords, Civics, Corollas, CRVs and Rav4s. They are great cars, too great for the American car manufacturers to compete against. Who knows, with this type of policies maybe in 10 years the only American car manufacturer left will be Tesla.

This is like playing with fire on top of a fuel truck.

5 0

3 years ago

Dave and Kelly are discussing how quickly products now become obsolete in their industry. David believes this will make it more

Paha777 [63]

Answer: Incorret

Explanation: This is incorrect because the more information we have about the market and the obsolescence time of our products, the better we will be able to coordinate the marketing strategy so that the time spent will be paid with greater profits in the future.

For example, appliances affected by competition or improvements become appliances that replace the previous ones if you do not evaluate the obsolescence time of these items, it is likely that when our product is launched, there is already a better one in the market.

6 0

3 years ago