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DIA [1.3K]
3 years ago
14

Limited liability is a major advantage of a partnership as compared to a corporation. True or False

Business
1 answer:
Sergeeva-Olga [200]3 years ago
7 0

Answer:

False

Explanation:

Limited liability is a feature mostly enjoyed by shareholders of a corporation. Limited liability protects the personal properties of shareholders from interference should the corporation fail to meet its obligations.

Partners in a partnership do not enjoy limited liability.  It means that if the business is unable to meet its obligation, its partners' properties can be used to sold to settle the debts.  A partnership business and its owner are treated as one entity. The assets and liabilities of the business are not distinct from the owners.  

You might be interested in
Assume that the following events occurred at a division of Generic Electric for March of the current year:
Crank

Answer:

$192 million; $153.60 million; $38.40 million

Explanation:

Given that,

Direct material purchased = $80 million

Direct labor costs = $51 million

Manufacturing overhead = $77 million

Percent of the work-in-process completed = 80%

(1) Transfers-In:

= Direct materials + Direct labor costs + Manufacturing overhead

= (80% × $80 million) + $51 million + $77 million

= $64 million + $51 million + $77 million

= $192 million

(2) Transfer-out:

= Transfers-In × percent of the work-in-process completed

= $ 192 million × 80 %

= $ 153.60 million

(3) Ending Balance:

= Transfers-In - Transfer-out

= $192 million - $ 153.60 million

= $38.40

6 0
3 years ago
Which of the following statements about advertising is most accurate? Advertising is the least costly form of promotion because
jek_recluse [69]

Answer:

The correct answer is letter "E": Through advertising, a company can control, to some extent, to whom the message is sent.

Explanation:

Advertising is the main key to Marketing by which companies promote their goods or services in an attempt to attract a target population. However, the process of determining what advertising technique a firm will use is not that simple. A series of psychological approaches are used to reach consumers strategically.

<em>Companies at a certain level, manage their marketing audience. Though, different mediums of communication allow people of all kinds, not necessarily the company's target population, to be aware of the promotion somehow.</em>

8 0
3 years ago
Inventories are part of investment and therefore included in gdp because
Natasha_Volkova [10]

Answer:

Explanation:

Inventories are part of investment and therefore included in GDP because firms produce goods and these goods may be unsold at the time GDP is computed

The value added method of calculating GDP recognizes inventory. Value added from raw materials to work in process and to finished goods are part of what goes into the computation of GDP

7 0
3 years ago
A scientific paper that has passed through the peer review process is more respected than one that has not. Why might a scientis
frez [133]

Answer:

B) The described experiment meets or exceeds the standards of good science.

Explanation:

When we say a scientific report that has been peer-reviewed, it means that it has been read and evaluated by other scientists. The peer-review process is meant to ensure the integrity and quality of the scientific publications. The peer reviewer should review the experimental design, the data and the analysis.

4 0
3 years ago
Read 2 more answers
Assuming P≥0, suppose that a population develops according to the logistic equation ????P/????????=0.07P−0.00014P2 where ???? is
Natasha2012 [34]

Answer:

A complete description of the problem and solutions to each point are given below.

Explanation:

The Logistic Growth model of a population is defined as follows:

                                   dP/dt = kP (1 - P/M) (1)

Where:

dP/dt is the population growth rate.

k is the maximal individual growth rate for a given population

P is the number of individual in the population

M= carrying capacity of the population.

In the problem this first order derivative ecuation is given by

                               dP/dt= 0,07P - 0,00014P² (2)

So, we can factorize ecuation (1) and compare it with (2) to find the carryng capacity and k value (questions 1 and 2).

                                        kP (1 - P/M) = 0,07P - 0,00014P²

                                        kP - (k/M)P² = 0,07P - 0,00014P²

Here kP = 0,07P ⇒ k = 0,07 (answer to question 2)

Then, (k/M)P² = 0,00014P²⇒ (k/M) = 0,00014 and given that k= 0,07

⇒ 0,07/M = 0,00014 ⇒ M = 0,07/0,00014 ⇒ M=500 (answer to question 1)

Finally to find for which values of P is the population increasing/decreasing, we have to find the values at which dP/dt is zero. Analyzing the equation as a quadratic function (applying Baskara´s equation) we find that the values at which dP/dt is zero are P= 0 and P = -1.

x = [-0,07 ± √(0,07²)]/ 0,14 ⇒ x=  [-0,07 ± 0,07)]/ 0,14 ⇒ x = 0 and x= -1.

Then the vertex here is P = -0,5.

Now we can state that for P greater than - 0,5 the population is decreasimg (question 4), while for values from -∞ to - 0,5 the population is increasing (question 3).

Summarizing, given the first order derivative, the carrying capacity of the population is 500, the value of k is 0,07, the values of P for which dP/dt is positive (incresing population) are those comprised in the range (-∞, -0,5) and those for which the population is decreasing are (-0,5,∞).

3 0
3 years ago
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