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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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While in the restroom, you overhear your boss telling a colleague that Bob is going to be laid off at the end of the quarter in
Vsevolod [243]

Answer:

While in the restroom, you overhear your boss telling a colleague that Bob is going to be laid off at the end of the quarter in about two weeks’ time. Bob is a good friend of yours.Do you tell him? Why or why not?a.Response/Approach: UTILITARIANISMi.As a good friend you are, you could HIGHLY encourage Bob look for a newjob and infer that you heard that there are budget cuts going to be happening and “anyone” could be “laid off.”7.One of the newest salespeople in your division is a real goof-off, never showing up for work on time, distracting other people with his antics and so on. You complain about him to your boss, who tells you the kid is the son of the company president. Your boss instructs you not only to leave the new guy alone but also to make his sales numbers look good by throwing him some no-brainer accounts. What do you do?a.Response/Approach: INDIVIDUAL RESPONSIBILITESi. As an employee of this company, you have the responsibility to report thisto a someone of higher status than just your boss. If your boss isn’t takingthe situation seriously, you need to stand up and tell higher authorities.ii.There is surely more people that are aware of this and if everyone aware backs you up, you can’t be fired or punished because then things would “become personal” and that can become a bigger issue that the presidentof the company is probably willing to deal with.

Explanation:

3 0
3 years ago
The required return on the stock of Moe's Pizza is 10.4 percent and aftertax required return on the company's debt is 3.28 perce
Katarina [22]

Answer:

WACC - new project = 6.408% rounded off to 6.41%

Explanation:

The WACC or weighted average cost of capital is the cost of a firm's capital structure. The capital structure can consist of one or more of the following components namely debt, preferred stock and common equity. The WACC is calculated as follows,

WACC = wD * rD * (1 - tax rate)  +  wP * rP  +  wE * rE

Where,

  • w represents the weight of each component
  • r represents the cost of each component
  • D, P and E represents debt, preferred stock and common equity
  • rD * (1 - tax rate) is the after tax cost of debt

We first need to calculate the WACC of the company and then adjust it for the new project.

WACC = 35% * 3.28%  +  65% * 10.4%

WACC = 7.908%

As the new project is less risky and has an adjustment factor of -1.5%, the required rate of return for the new project will be,

WACC - new project = 7.908%  -  1.5%  

WACC - new project = 6.408% rounded off to 6.41%

4 0
3 years ago
Richards Corporation had net income of $275,132 and paid dividends to common stockholders of $48,300. It had 57,200 shares of co
rjkz [21]

Answer:

The Price-earnings ratio is 14.88 (to two decimal places)

Explanation:

The Price-earnings ratio (P/E ratio) is a measure of the relationship between a company's stock price and its earning per share of issued stock. Mathematically, P/E ratio is calculated by dividing a company's current stock price by its earnings per share:

P/E ratio = current stock price ÷ earnings per share

current stock price = $59 per share

Earning per share = ???

Next we are going to calculate the earnings per share (EPS) by using the following formula:

EPS = (net income - dividend paid) ÷ (number of shares outstanding)

EPS = (275,132 - 48,300) ÷ (57,200)

EPS = 3.966

∴ P/E ratio = current stock price ÷ Earning per share (EPS)

P/E ratio = 59 ÷ 3.966 = 14.876 = 14.88 (to two decimal places)

5 0
4 years ago
A farmer shows up at a tractor dealership with $150,000 to buy a tractor priced at $148,875. The excess after buying the tractor
aniked [119]

The amount that the farmer paid for the tractor, which is the net price after discounts, is $126,543.75.

<h3>What is the net price?</h3>

The net price is the difference between the sticker price and the discount of 15% received off the sticker price.

<h3>Data and Calculations:</h3>

Sticker price of tractor = $148,875

Discount reduction 15%

Amount paid = $126,543.75 ($148,875 x 1 - 0/15)

Thus, the farmer paid $126,543.75 for the tractor at the dealership.

Learn more about net price at brainly.com/question/17003148

#SPJ1

6 0
2 years ago
On July 29, 2016, Wagner Trucking recorded $24,000 in services that they had performed but had not yet been paid by the customer
borishaifa [10]

Answer:

$24,000 = Account receivable

$24,000 = Account payable

Explanation:

Since it is given that

The service is performed of $24,000 but not paid by the customer so the same is to be recorded in the account receivable of the asset account

And, the Dixon trucking had the need to pay to their suppliers for $24,000 that is to be recorded in the account payable of the liabilities account

Both the amount is recorded as an account receivable and the account payable respectively

4 0
3 years ago
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