1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sonja [21]
2 years ago
7

William and Theodore have decided to start a travel business called Excellent Adventures. Since their business primarily involve

s time-travel their clients may be harmed during a small but significant portion of the travels. Consequently, William and Theodore would like a business form that will shield their personal wealth from any legal claims that the firm might be subject to after one of the travel mishaps. If William and Theodore are the only investors in this U.S. domiciled firm, which legal form of organization would be best for Excellent Adventures to protect both William and Theodore? a. Limited Partnership b. Sole Proprietorship c. Partnership d. Corporation
Business
1 answer:
likoan [24]2 years ago
4 0

Answer:

Corporation

Explanation:

The reason is that the company provides laibility shield and also a great opportunity to raise finance through listing in the stock exchange. Furthermore the tax rates in the limited partnerships is higher than the companies required that the profits are not distributed to its shareholders. However in the corporation legal form can be used to defer the income tax by not issuing dividends and reinvesting that money in the business (Tax benefits).

So the best legal form of business is corporation.

You might be interested in
Bedekar, Inc., has an issue of preferred stock outstanding that pays a $3.40 dividend every year in perpetuity. If this issue cu
Ainat [17]

Answer:

i=4.84%

Explanation:

the key to answer this question, is to remember the model of return for a perpeuity dividend calculation:

Value=\frac{1}{i-k}

where value is the current stock price, i is the dividend yield and k is the growth rate, so applying to this particular case we have

k=3.4/91

k=3.74%

and solving i for the previous formula:

91=\frac{1}{i-0.0374}

0.01098={i-0.0374}

i=4.84\%

8 0
2 years ago
Consider the following facts for health haven?
pochemuha

Answer:

attached below is the missing part of the question

$17000

Explanation:

1) calculate the cash dividends

  = beginning earnings + net income for the period - ending retained earnings

 = $44000 + $57000 - $68000 = $33000

2 ) calculate the amount of cash receipt from the sale of plant assets

first we will calculate the dep on sale of plant products

= beginning accumulated depreciation + depreciation expense - ending accumulated depreciation

= 22500 + 12000 - 24500 = $10000

next we calculate the cost of sale of plant assets

= beginning plant asset + acquisition new plant assets - ending plant asset

= $123500 + $29000 - $131500 = $21000

Hence the cash receipt from the sale plant assets = cost of sale of plant assets - dep on sale of plant products + gain on the sale of plant assets

= 21000 - 10000 + 6000 = $17000

7 0
3 years ago
A Canadian subsidiary of a U.S. parent firm is instructed to bill an export to the parent in U.S. dollars. The Canadian subsidia
Kaylis [27]

Answer:

10% foreign exchange loss on the U.S. dollar accounts receivable

Explanation:

Based on the information provided within the question it can be said that in this example the Canadian subsidiary will record​ a 10% foreign exchange loss on the U.S. dollar accounts receivable. That is because as the Canadian dollar has appreciated​ 10% against the U.S. dollar, it means that it has lost 10% of it's buying power due to its foreign exchange price change, thus resulting in a loss which needs to be recorded.

4 0
3 years ago
Explain why non-governmental organizations (NGOs) like the cooperatives described in the Fair Trade material play an important r
liubo4ka [24]

Answer:

Non-Governmental Organizations or NGOs have become an extensively discussed theme in the third world countries as well vastly in social business world. The NGOs have appeared as the savior of countless number of people without food, cloth, education and basic health facilities. NGOs can continue playing the role of catalyst in the attainment of sustainable economic growth and development provided, an endurable, warm and dependable relationship is there between the government and NGOs where both are working for the benefit of the people with numerable activities. Their main tasks are to organize these people, create awareness in them and make them development oriented. These organizations are working based on the assessed need and demand of the grass root level farmers and women. By involving the beneficiaries of overall national planning for development.

Non-governmental Organizations (NGOs) play an important role in the economic development of developing countries. They provide services to society through welfare works for community development, assistance in national disasters, sustainable system development, and popular movements. They take numerable for actions developing our society. Although agriculture sector is the main source of income for this rural-agro based country, unfortunately this sector has completely failed to create rewarding employment opportunity for the landless. Considering these overall situations, the NGOs are working on poverty eradication by directly involving the poverty stricken population. Their main tasks are to organize these people, create awareness in them and make them development oriented. These organizations are working based on the assessed need and demand of the grass root level farmers and women. By involving the beneficiaries directly, they are working within the context of overall national planning for development.

Explanation:

4 0
3 years ago
On January 1, Kirk Corporation had total assets of $860,000. During the month, the following activities occurred: -. Kirk Corpor
posledela

Answer:

$867,000

Explanation:

Assets are economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.

The Amount of Total Assets Available is calculated as follows:

Beginning Balance                                $860,000

Equipment Acquired                                  $7,000

Supplies Inventory                                     $3,600

Cash payment for Supplies                      ($3,600)

Cost of Land sold                                     ($16,000)

Cash Proceeds from the sale of land      $16,000

Total Assets                                            $867,000

7 0
2 years ago
Other questions:
  • Jerilyn is in the early stages of an inoperable cancer. she has prepared a signed and witnessed written document directing her f
    8·2 answers
  • What kind of advertisements would a company be unable to measure with standardized tests?
    12·2 answers
  • Hayward Company, a manufacturing firm, has supplied the following information from its accounting records for the month of May:
    6·1 answer
  • Shortly before the fall of the Soviet Union, the economist Gur Ofer of Hebrew University of Jerusalem, wrote this: "Themost outs
    12·1 answer
  • Which of the following scenarios best describes differentiation? Multiple Choice
    7·1 answer
  • Abey​ Kuruvilla, of Parkside​ Plumbing, uses 1,210 of a certain spare part that costs ​$26 for each​ order, with an annual holdi
    8·1 answer
  • What is the first step of creating a federal budget A. Congress votes on requirements for a budget plan. B. Executive agencies s
    13·1 answer
  • Ways which business can overcome competition in the market environment​
    13·1 answer
  • Four types of visual aids<br>​
    5·1 answer
  • Which of the following is a disadvantage of a questionnaire?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!