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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.  

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Shoe Box Stores is currently an all-equity firm with 25,000 shares of stock outstanding. Management is considering changing the
notka56 [123]

Answer: d. Sell 210 shares and loan out the proceeds at 8 percent

Explanation:

Because the Firm wants to use a Debt to Equity Capital structure instead of an All Equity structure, she can lend money out at the company interest rate to NEGATE the conversion.

She can do this by selling 35% of her portfolio and loaning it out at 8%

35 % of her Portfolio would be,

= 0.35 * 600

= 210 shares

So she can sell 210 shares and loan at the proceeds at 8% to offset the Company's conversion

8 0
3 years ago
Wayne Company's beginning and ending inventories for the month of June were as follows:
ipn [44]

Answer:

d. $487,750

Explanation:

Cost of goods manufactured

<em>Consider only the manufacturing costs</em>

Cost of goods manufactured = $145,000 +  $200,000 +  $ 170,000 + ($5.75 x  25,000) - $171,000

                                                =  $487,750

Note : Only overheads applied $143,750 ($5.75 x  25,000) are added to cost of goods manufactured instead of actual overheads.

Conclusion

the amount of cost of goods manufactured is  $487,750

5 0
3 years ago
If you don't know how much you will spend in a particular category such as clothing, you should
Klio2033 [76]
Find out how much you have look at what clothing you need then look for the best prices and try to find some discounts so you can save some money so just maby you can get another product with the money you saved.

6 0
3 years ago
State farm Commercial "she shed" Who burned down the she-shed
Anika [276]

Explanation:

The ad features a character named Cheryl who calls State Farm to check whether she's insured for the outdoor "she shed" burning down in front of her and her husband, Victor. The prevailing fan theory is that Victor burned down the she shed

5 0
3 years ago
Read 2 more answers
Under the Federal Insurance Contributions Act, where do the funds for Social
emmasim [6.3K]

Answer:

It is deducted from the workers

Explanation:

All employers are required to deduct social security and medicare taxes from their employees' paychecks. The deducted amounts are remitted to the government through the social security administration authority.

Therefore, the funds for Social  Security and Medicare come from the employees' paycheck. It is the workers who contribute these funds from their income.

6 0
3 years ago
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