Answer:
Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>
The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.
Explanation:
Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>
The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.
Answer:
Amount of taxes payable is $210.
Explanation:
<u>Calculating the Income tax amount:
</u>
Income tax = Closing balance - opening balance + income tax expenses
Income tax = 30 - 50 + 230
Income tax = - 20 + 230
Income tax = $210
Answer:
False
Explanation:
The reason is that the leader must always be guider in times of difficulty for the subordinates otherwise it would be more time consuming and would increase the cost to the company. The leaders are always adviced to help and train their team members to increase their productivity because experience and understanding of problem solution brings productivity.
After implementing a solution to a given work related problem the manager should evaluate the outcome of the solution
Explanation:
A manager should have leadership qualities where he or she is in charge of the entire group of people in the industry and is responsible for any mistakes or errors caused by the employees.
He or she should know how to tackle and provide solutions to a problem that is being faced by the company.
A manager should be a good role model for his/her subordinates and encourage them in solving their problems by themselves.
Answer:
The value of the settlement today = $231,897.79
Explanation:
The value of the settlement today is the sum of the present value (PV) of cash inflows discounted at the discount rate of 5.7 %.
Year PV
1 35,000 × 1.057^(-1) = 33112.58
2 39,000× 1.057^(-2) = 34907.16
3. 80,000× 1.057^(-3) = 67743.09
4 120,000 × 1.057^(-4) =96134.94
The Pv of the total cash in flow =33,112.58 + 34,907.17 + 67,743.09 + 96,134.95 = 231,897.79
The value of the settlement today = $231,897.79
