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prisoha [69]
3 years ago
5

Wanda, Derek, and Mitchell formed B. Flowers, LLP three years ago. A year ago, Derek and Mitchell decided that the company was r

eady to open a new location and had B. Flowers take out a loan from a bank for the extra capital needed to expand. The new location has not performed well, and B. Flowers is unable to pay the remaining $50,000 owed to the bank. Is Wanda liable to the bank for the debt?
a. Yes, because she is a partner.
b. No, unless the partners have not complied with the LLP statutory filing requirements.
c. Yes, if she authorized the loan.
d. No, because partners in an LLP are never liable for the debts of the partnership.
Business
1 answer:
Ahat [919]3 years ago
4 0

Answer:

B) No, unless the partners have not complied with the LLP statutory filing requirements.

Explanation:

When partners form a limited liability partnership (LLP), each partner's liability is limited to the total amount invested in the business, unlike regular partnerships were liability is unlimited.

Since this business didn't perform well, the bank can try to collect the money owned from the partnership only, it cannot go after the partners' personal assets.

Of course, the partnership must have completed all the necessary legal requirements and paperwork.

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Which of the following is NOT associated with (or does not contribute to) business risk? Recall that business risk is affected b
Sever21 [200]

Answer:

The correct answer is letter "C": The extent to which interest rates on the firm's debt fluctuate.

Explanation:

Interest rates on debts are the amounts of money the company must pay after requesting loans or assets on credit. Interest rates are fixed and they are specified at the moment of accepting the transaction that will generate the debt in the organization. Thus, they do not represent a risk for the company.

5 0
3 years ago
Martha estimates that the fixed costs associated with opening her new hair salon are $100,000. She expects the salon to attract
Llana [10]

The Correct Awnser is (A) because when you do the math, thats what you come up with

4 0
3 years ago
Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $7
mojhsa [17]

Answer:

The proper cash flow amount to use as the initial investment in fixed assets when evaluating this project will be $32,280,000.

Explanation:

Proper year zero cash flow to use in evaluating this project = After-tax value of the land + Cost of manufacturing new plant + Grading Expenses

= $10,100,000 + $21,300,000 + $880,000

= $32,280,000

Therefore, The proper cash flow amount to use as the initial investment in fixed assets when evaluating this project will be $32,280,000.

NOTE :

- The after-tax value of the land of $10,100,000 should be considered since it is an opportunity cost of capital if the land is used rather than sold.

- The cash outlay of $21,300,000 for the plant cost and the $880,000 for the grading costs are the part of the initial investment in year 0.

6 0
3 years ago
Epiphany Industries is considering a new capital budgeting project that will last for three years. Epiphany plans on using a cos
Elina [12.6K]

Answer:

FCF years 1 is $43,000

NPV is $13,300

Explanation:

The free cash flow for the first  year=net income+depreciation-Capital exp

net income is $13,000

depreciation is $30,000

capital exp for the first year is nil

the free cash flow=$13,000+$30,000+$0=$43,000

FCF year zero=-$90,000

the FCF for year1 applies to years 2 and 3 as well

NPV=-$90,000+$43,000/(1+12%)^1+$43,000/(1+12%)^2+$43,000/(1+12%)^3=

$13,278.74

The closest option is $13,300

8 0
4 years ago
How to get a workers permit at 14 If you drop out of school in Pennsylvania
lidiya [134]
Well, for one, yes you can work when you are 14 in Pennsylvania.
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To get a work permit, you must go to your school district to get your work permit, as they are responsible. This is for any student in any kind of school (online, traditional, charter, etc)
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hope this helps
8 0
3 years ago
Read 2 more answers
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