Answer:
$192,500
Explanation:
budgeted net income statement
Net sales $750,000
<u>COGS ($300,000) </u>
Gross profit $450,000
Selling expenses ($83,000)
<u>Adm. expenses ($92,000) </u>
EBIT $275,000
<u>Income taxes ($82,500) </u>
Net income $192,500
Limited partner.
<h3>
What is a Limited partner?</h3>
- A limited partner is a shareholder whose liability for the company's debts is limited to the amount they contributed to the business.
- Silent partners are another name for limited partners.
<h3>What is Limited Partnership?</h3>
- Similar to a general partnership, a limited partnership (LP) must have at least one general partner (GP) and at least one limited partner, as opposed to the minimum requirement of two GPs for general partnerships.
- Different from limited liability partnerships, which only have limited liability for each participant, are limited partnerships.
- The GPs are, in most significant ways, in the same legal position as partners in a traditional firm: they have management control, share the right to use partnership property, divide the firm's profits into fixed shares, and have joint and several liabilities for the partnership's obligations.
Therefore, the answer is a limited partner.
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<u>Answer:</u>
<em>Yes, but only to clarify the ambiguous contract terms
</em>
<em></em>
<u>Explanation:</u>
Breach of contract is a legitimate reason for activity and a sort of common wrong, wherein a sound understanding of anticipated trade isn't regarded by at least one of the gatherings to the agreement by non-execution or obstruction with the other party's presentation.
A material breach is the most genuine type of break of agreement. In these cases, somebody has failed to maintain their obligations as spread out in the contract. At the point when this happens, the harmed party can seek after harms in a standard suit. In the end, when a contractual worker finishes an undertaking yet isn't paid, this is viewed as a material breach.
Answer:
D. 25.80 percent
Explanation:
The formula to compute the effective annual rate of the loan is shown below:
= (1 + annual interest rate ÷ periods)^ number of period - 1
= (1 + 23% ÷ 52)^52 - 1
= (1 + 00442)^52 - 1
= 1.00442^52 - 1
= 1.2579618615 - 1
= 25.80%
There are 52 weeks in a year and we considered the same in the above calculation
Answer: The best way to ensure that your company has read and understand the code of ethics is to establish a policy for employees to read it every year and that at the end of the reading, take a knowledge test with a minimum of 90% to pass.
Explanation: The code of ethics establishes parameters that standardize the behavior of people linked to a company. By conducting the assessment every year you ensure that people refresh the code of ethics. You can also offer tutorials that serve to get the message better before the evaluation and if someone fails the evaluation, that person must repeat it until they qualify at this 90%.
