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Zepler [3.9K]
2 years ago
14

Logan Nettles approached Kevin Lang about becoming a partner in a firm that destroys environmental waste. While Logan would like

to become a partner in the firm, he is concerned about his liability because he has recently inherited a lot of money. In this situation, Logan should become a:_______________. a. general partner with a majority ownership interest in the business. b. general partner with a minority ownership interest in the business. c. limited partner. d. joint venturist. e. sole proprietor.
Business
1 answer:
Stells [14]2 years ago
5 0

Answer:

<em>c. limited partner.</em>

Explanation:

<em>In the presented scenario, Logan Nettles should become a</em> <u>limited partner</u>.

Limited partner is the partnership in which one  limited partner is been required compulsory. This is slightly different from general partnership. In this profit of the business is limited and the debt and dis-advantage on the amount of investment is also limited.

So we can see that Logan is also concerned about his disadvantage which is known as liability.

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Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Firms earn
Dennis_Churaev [7]

Answer:

Firms earn zero profit in the long run

7 0
3 years ago
Diamond Boot Factory normally sells its specialty boots for $35 a pair. An offer to buy 110 boots for $29 per pair was made by a
Marat540 [252]

Answer:

Since there is no loss occur from these sales and rather $15 per pair is profit from the sale of boots. So it should be accepted.

Explanation:

Now the calculation of differential income or loss per pair of boots from selling to the organization,

8 0
3 years ago
On January 1, 2017, Dawson, Incorporated, paid $100,000 for a 30% interest in Sacco Corporation. This investee had assets with a
aalyn [17]

Answer:

The amount allocated to goodwill at January 1, 2017, is: $16,000

Explanation:

We talk of goodwill when a company acquires another one and is the difference between the cost to purchase the business minus the fair market value of the tangible assets netted the liabilities.

In this case the fair value of the assets is:

Assets $550,000 + $40,000 - $10,000= $580,000

The book value of the assets is corrected with the fair value, in this case we correct the value of the patent.

Liabilities $300,000

porcentage acquired 30%

price paid $100,000

$100,000 - ((580,000-300,000)*30%) = $16,000

5 0
3 years ago
Skidmore Music Company had the following transactions in March:
finlep [7]

Answer: Check attachment

Explanation:

A cash basis income statement is simply referred to as an income statement which contains revenues and expenditures for the company whereby cash has either being received or paid by the company.

For accrual basis income statement, revenue and expenditures are recorded when they're either earned or made.

Check the attachment for more analysis.

5 0
3 years ago
VI. Here we consider the paradox of saving one last time in the context of the AS-AD model. Suppose the economy begins with outp
Nonamiya [84]

Answer:

The solution to this question can be defined as follows:

Explanation:

In point a:

When consumer interest decreases, => consumers begin and save less and more, => MPC decreases; => the "IS" curve becomes flatter; => "IS" turns inside. Currently, 'AD' shows together all the goods and financial sector, => as the 'IS' curve adjusts inside the industry, => the 'AD' would also change to the left.

In point b:

Take into account the SR models of "IS-LM" and "AD-AS." 

Therefore there is the case of a full job only at the beginning; => its optimum between "IS1" and "LM" in the "IS-LM" model; as well as the main equilibrium among "AD1" and "AS" in the "AD-AS" model "E1'," => the original equilibrium among "Y=Yf," "r=r1" and "P=P1." That now the consumer is reducing the confidence, => the 'IS' curve becomes shifting IMEI 'IS2,' => provided the 'LM' curve, that new balance is 'E2.' That's why the price in the SR is calculated, the AS will change =>, however, the AD also will shift the "AD2" side and "E2'" will become the equilibrium point in the "AD-AS" system, "r=r2 <r1" and "P=P1" throughout the new "Y=Y2 <Yf" balance.

Please find the graph file in the attachment.

6 0
2 years ago
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