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4 years ago

In a limited liability partnership (LLP)

Business

1 answer:

sladkih [1.3K]4 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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Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sight

natta225 [31]

Answer:

$1,300

Explanation:

Only the cost that are directly related to the business conference is to be deducted as Melissa's business tax. Sightseeing cost is therefore not part of her original plan. The business related cost are therefore;

$400 for round-trip airfare to San Francisco
$250 fee to register for the conference,
$300 per night for three night’s lodging,
$200 for meals, and
$150 for cab fare.

A summation of this cost would give $1,300 as the amount of the total costs that can Melissa deduct as business expenses.

5 0

4 years ago

Read 2 more answers

Suppose that Marlen Fisher has legal protection against anyone producing and selling a fishing lure specifically named "MarFish.

ipn [44]

Answer: patent

Explanation:

A patent is given by the government

and it's a form of authority or licence to an organization which enables the organization to be the only one producing a particular product for a particular period of time.

This is illustrated in the question above where Marlen Fisher has legal protection against anyone producing and selling a fishing lure specifically named "MarFish."

3 0

3 years ago

A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for 10,000 and paid 750 for the frei

prisoha [69]

Answer:

The correct option is A:

cost of goods sold 10,750

merchandise inventory 10,750

Explanation:

When goods are bought for resale,the total cost of the goods bought is usually the invoice price paid as well as the cost of bringing in the goods i.e freight,hence the cost of the goods sold here is the invoice price of $10,000 plus the freight of $750,giving total cost of $10,750

When the goods are sold,merchandise inventory would be credited with $10,750 while cost of goods sold is debited with same amount.

The correct option is first one with cost of goods sold debited with $10.750 and merchandise inventory credited for $10,750

4 0

3 years ago

An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalay

V125BC [204]

Answer:

b. Overvalued

Explanation:

Overvalued stocks are securities that trade higher than their fair market value, i.e. the value that the company's fundamentals, such as earnings or revenues justify.

4 0

3 years ago

Unlike tangible goods,virtually all services are susceptible to inconsistency and variations in quality.Why is this so?A) Becaus

expeople1 [14]

Answer:

A) Because services depend on people for their delivery.

Explanation:

Given that the same or similar type of services are or can be carried out by various personnel, and the level of quality of the rendered services is dependent on the skills and professionalism of the person who rendered such services.

Hence, Unlike tangible goods, virtually all services are susceptible to inconsistency and variations in quality, because services depend on people for their delivery.

Therefore, the right answer is Option A. the

8 0

3 years ago