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stepladder [879]
4 years ago
13

Tania starts a bookstore with her friend. However, owing to other commitments, Tania is unable to help with the daily operations

of the bookstore. Therefore, Tania proposes that she would not actively participate in managing the business but would provide financial support to the business. By doing this, she would be sharing the profits equally with her friend, without incurring any of the business debts personally. In this scenario, Tania is a(n) _____.
Business
1 answer:
zheka24 [161]4 years ago
7 0

Answer:

Tania is a "limited partner ".

Explanation:

  • A limited partner, commonly recognized as either a silent partner, seems to be an individual and therefore not just a week as a well-to-day corporate administrator. The responsibility of a limited partner could never increase the total spent by that department in the organization.
  • For example, this type of relationship seems to have at least a single special partner but each restricted partner.
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Hugh is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in Saudi Arabia!
Mila [183]

The type of Job that Hugh has to look for should be the one that can pay him by commission.

<h3>What is a commission?</h3>

This is the money that a person is paid after they have brokered a deal. The commission is the money.

This is the service charge that Hugh is going to charge to his clients whenever he helps them.

Read more on a commission here:

brainly.com/question/957886

#SPJ1

8 0
2 years ago
Mill Co.'s trial balance included the following account balances at December 31, Year 6:
o-na [289]

Answer:

D) $45,000

Explanation:

The computation of the amount which is included in the current liability section is shown below:

= Account payable balance + bonds payable -  discount on bonds payable + dividend payable

= $15,000 + $25,000 -  $3,000 + $8,000

= $45,000

The current liability is that liability which is arise for one year. Since, the notes payable is a long term liabilities so we do not consider in the computation part.

4 0
3 years ago
As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc
kvasek [131]

Answer:

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

Dr Investment in Nursery supplies $7 million

Cr Investment Revenue $7 million

Dr Cash $9 million

Cr Investment in Nursery supplies $9 million

No Entry

Explanation:

Preparation of the appropriate journal entries from the purchase through the end of the year.

Dr Investment in Nursery supplies $66 million

Cr Cash $66 million

(To record purchase of 25% shares for $66 million)

Dr Investment in Nursery supplies ($28 million x 25%) $7 million

Cr Investment Revenue $7 million

(To record investor share of investee's net income)

Dr Cash (18 million shares x 25% share x $2 per share) $9 million

Cr Investment in Nursery supplies $9 million

(To record receipt of dividend)

No Entry

5 0
3 years ago
A sample of 14 students was selected to estimate the average score in a given quiz. The average score in the sample is 2.14 with
Savatey [412]

The average score of the student in the class at a 99% confidence lies between 1.252 and 3.028

Explanation:

Given values are

n = 14   = 2.14     σ = 1.29  z value for 99% confidence = 2.576

The mean is known one

= (z σ/√14)

=  (2.576 ×1.29÷√14)

(2.576 ×1.29÷√14)

= 2.576 × 0.345

= 0.888

 =  mean- 0.888 = 2.14  - 0.888 = 1.252

 =  mean+0.888 =  2.14 + 0.888 = 3.028

The average score of the students in the class at a 99% confidence lies between 1.252 and 3.028

6 0
3 years ago
13 chocalate bars cost 21 dollars. How many candy bars can you get with 1 dollar?
ankoles [38]
0.619047619047619 is how many you could get. So about .62
4 0
3 years ago
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