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dsp73
3 years ago
9

Franklin, John, Henry, and Harry have decided to pool their financial resources and business skills in order to open up and run

a coffee shop. They will share any profits or losses that the business generates and will be personally responsible for making good on any debt that their business undertakes. Their business should be classified by a:_______.A) Corporation.B) Sole proprietorship.C) Partnership.D) None of the above.
Business
1 answer:
Sliva [168]3 years ago
7 0

Answer:

The correct answer is letter "C": Partnership.

Explanation:

A Partnership is an organization where two or more owners operate a business. They share the profits in proportion to their percentage partnership interest. There are two types of partnerships: <em>General Partnerships</em> (unlimited liability) and <em>Limited partnerships</em> (liability proportional to the percentage contribution of the partnership).

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The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 14,500 Current asse
Katena32 [7]

Answer:

0.1046 or 10.46%

Explanation:

The computation of the sustainable growth rate is shown below:

The Sustainable growth rate of the firm is

= Return on Equity × ( 1 - Dividend Payout Ratio )

where,

Dividend Payout Ratio = 30%

And,

Return on equity is

= Net Income ÷ Shareholder 's equity

= $3660 ÷ $ 24,500

= 0.14938

So,  

Sustainable growth rate is

= 0.14938 × (1 - 30%)

= 0.1046 or 10.46%

8 0
3 years ago
How does a red team versus blue team exercise help an organization
Ber [7]

Answer:

By practicing simulated cyber attacks. They help in improving the security and firewall of organization thereby enhancing their resistance to cyber infiltration.

Explanation:

Organizations may often intend to evaluate and their degree of vulnerability and test their security standard, hence, they employ the use of a simulated threat pattern whereby the red team act as a threat by using several infiltration techniques usually used by actual infiltrators, the blue team on the other hand acts to repel the advances of the red team by implementing security protocols and architecture capable of neutralizing the simulated attacks of the red team. This way organizations beef up their security in other to forestall actual potential attacks against capable of invading their information and digital systems.

8 0
2 years ago
One of the questions on a survey of 1,000 adults asked if today's children will be better off than their parents. Representative
Oxana [17]

Answer:

Explanation:

Dnt understand

6 0
2 years ago
Which of the following are considered needs? Check all that apply
Charra [1.4K]
Water, food, people to interact with?
4 0
3 years ago
Read 2 more answers
Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing losses on its bilge pump produ
Karolina [17]

Answer:The answer is $95,000 Loss

Explanation:

Income statement

$

Sales. 450,000

Less:variable cost.

Manufacturing expenses 128,000

Sales commission. 54,000

Shipping. 15,000

---------------- 197,000

-----------------

Contribution. 253,000

Less Fixed Overhead

Advertising. 23,000

Depreciation. 112,000

General factory overhead 49,000

Salary of production line manager 118,000

Insurance on inventories. 6,000

Purchasing department. 40,000

-----------------

348,000

-----------------

Profit/Loss. ( 95,000) Loss

--------------------------

Based on the income statement that showed a loss of $95,000 or decrease in operating income, Yes I would recommend that bilge pump product be discontinued.

5 0
3 years ago
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