Answer:
a.partnership
Explanation:
A partnership is when at least two people come together to start a business.
A partnership has unlimited liabilities. It means the personal assets of partners can be used to pay off the debts of the business.
A limited liability company is a company in which the liability of partners is limited to the amount invested in the business.
A corporation is a business where investors can become owners of the company by purchasing shares of the company. A corporation has limited liability. S corporation and corporation subchapter are types of corporation with at most 100 shareholders. The s corporation and corporation subchapter are taxed like a partnership.
Answer:
3.52
Explanation:
Calculation to determine the target cost per unit?
Using this formula
Target cost per unit=Projected sales -Desired profit /Projected units
Let plug in the formula
Target cost per unit=$300,000-$36,000/75,000 units
Target cost per unit=$264,000/75,000 units
Target cost per unit=3.52 per unit
Therefore the target cost per unit is 3.52
Answer:
Larry won't have enough money to buy the car. FV= $16,923
Explanation:
Giving the following information:
The car will cost $20,000 at the end of the fifth year and Larry's Christmas bonus is $3,000 a year.
Interest rate= 10%
To calculate the future value at the end of tje fifth year we need to use the following formula. The last deposit is made at the end of the fifth year.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {3,000*[(1.10^4)-1]}/0.10 + 3,000= $16,923
Larry won't have enough money to buy the car.