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3 years ago

Because of the unlimited liability of all partners, a general partnership most

Business

2 answers:

Rudiy273 years ago

6 0

Answer:

sole proprietorship ( B )

Explanation:

partnership is a kind of business that involves the pooling of resources together by two or more partners with the aim of successfully setting up a business venture.

In a partnership business depending on the number of partners and the agreement between partners. the partners have an unlimited liability as seen with sole proprietorship module of business. although a partner or some partners might be excluded from the unlimited liability status if they are in the partnership as "silent partners"

public corporations,Board of directors and limited partnership all have limited liabilities on the investors/partners involved with the company.

SVEN [57.7K]3 years ago

5 0

The correct answer is B, sole proprietorship.

A general partnerships is very similar to a proprietorship. One of the biggest detractors from both a partnership and a proprietorship is that the owners are personally responsible for the debts of the company.

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What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.9 percent for an investor in the 35 percen

Nookie1986 [14]

When a person has a marginal tax bracket of 35%, their taxable equivalent yield to a municipal bond is 6%.

<h3>What is the taxable equivalent yield?</h3>

It can be found by the formula:

= Municipal bond / ( 1 + tax rate)

Solving gives:

= 3.9% / ( 1 - 35%)

= 3.9% / 0.65

= 6%

In conclusion, a 6% return would be an appropriate taxable equivalent yield.

Find out more on municipal bonds at brainly.com/question/25656290.

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2 years ago

What are some of the causes for Error 1921 when updating when using turbo tax?

nikdorinn [45]

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3 years ago

"A customer contributed $20,000 to a variable annuity contract. The account value has grown over the years and the NAV is now $3

Aleonysh [2.5K]

Answer: C. $15,000 of the distribution is taxable and $5,000 is not taxable

Explanation:

The options to the question are:

A The entire $20,000 distribution is not taxable

B $5,000 of the distribution is taxable and $15,000 is not taxable

C $15,000 of the distribution is taxable and $5,000 is not taxable

D The entire $20,000 distribution is taxable

It should be noted that variable annuity contributions are typically not tax-deductible. Since the customer contributed $20,000 to a variable annuity contract and the account value has grown over the years and the NAV is now $35,000; when the customer takes a lump-sum distribution of $20,000. From the $20,000, $15,000 of the distribution is taxable and $5,000 is not taxable.

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3 years ago

Information for Pueblo Company follows: Product A Product B Sales Revenue $ 59,000 $ 51,000 Less: Total Variable Cost $ 11,400 $

gulaghasi [49]

Answer:

$101,639.34

Explanation:

Given the above information,

Product A Product B Total

Sales revenue $59,000 $51,000 $110,000

Contribution margin $47,600 $19,500 $67,100

Overall contribution margin ratio 61%

Fixed cost + Target profit [$42,000 + $20,000] $62,000

Break even dollars in sales = $62,000 / 61% = $101,639.34

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2 years ago

Sunland Construction Company uses the percentage-of-completion method of accounting. In 2021, Sunland began work on a contract i

Westkost [7]

Answer:

$3900000

Explanation:

The gross profit is the difference between the revenue earned during the year and the cost of sales. The percentage of completion method is one in which the revenue is recognized based on the cost incurred to date on the project.

Revenue to be recognized in 2021

= $15600000/($15600000 + $9600000) * $31500000

= $19500000

Though the billings for the year is lower, the difference may be recognized as unbilled receivable.

As such, the gross profit for the year

= $19500000 - $15600000

= $3900000

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3 years ago