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3 years ago

In a limited partnership:

Business

1 answer:

dolphi86 [110]3 years ago

5 0

Answer:

B. a certificate of limited partnership must be filed with the secretary of state's office.

Explanation:

A limited partner does not actively run the business. However a general partner is in charge of day-to-day business operations. To be considered a limited partner, a certificate of limited partnership must be filed with the secretary of state's office. This partner would therefore not be personally liable for debts of the business; meaning, he/she will not sell his/her personal property to cover for the business losses.

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Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers ar

saw5 [17]

Answer: See explanation

Explanation:

a. This is not a loss contingency. A loss contingency occurs when the value of an asset is reduced because of an occurence on the future. This isn't the case here as a separate sales transaction occured.

b. To account for it, we have to defer the revenue as a liability and then we will use the straight line basis to calculate the warranty expense.

2. Dr Cash $412,000

Cr Unearned revenue - extended warranties $ 412,000

(To record the sale of extended warranty)

Dr Unearned revenue - extended warranties. $57937.50

Cr. Revenue - Extended Warranties $57937.50

(To record revenue earned on extended warranty)

3 0

3 years ago

Identify her/his entrepreneurial qualities and support your answer based on what you observed

zzz [600]

The main <span>qualities of real entrepreneur are:
1) </span>spiritual freedom and energy;
2) willpower;
3) ability to effectively negotiate and convince partners and customers;
4) organizational skills;
5) determination and willingness to situations of risk.

7 0

3 years ago

Janet Foster bought a computer and printer at Computerland. The printer had a $900 list price with a $100 trade discount and 2/1

nikdorinn [45]

Answer:

Janet Foster

a. Janet could save $12.44 on the printer by borrowing $800 to take advantage of the cash discount.

b. On the computer, the difference in the final payment between choices 1 and 2 is $197.

It is advisable for Janet to choose the first option.

Explanation:

a) Data and Calculations:

Printer:

List price of printer = $900

Trade discount = 100

Purchase cost = $800

Cash discount terms = 2/10, n/30

Cash discount = $16 ($800 * 2%)

Interest on loan to purchase printer = $3.56 ($800 * 8% * 20/360)

Savings if loan is borrowed = $12.44 ($16 - $3.56)

Computer:

List price = $4,060

Trade discount = 25% or $1,015 ($4,060 * 25%)

Purchase cost = $3,045

Payment options:

1) = $160 * 17 months = $2,720

Balance on 18th month 325

Total payment = $3,045

2) = Payment with 8% interest for 18 months equal payment = $180.08

From an online financial calculator:

N (# of periods) 18

I/Y (Interest per year) 8

PV (Present Value) $3,045

FV (Future Value) 0

P/Y (# of periods per year) 12

C/Y (# of times interest compound per year) 12

PMT made at the end of each period

Results

PMT = $180.08

Sum of all periodic payments $3,241.48

Total Interest $196.48

Difference in final payment:

Choice 1 , total payment = $3,045

Choice 2, total payment = $3,242

Difference in final payment = $197

6 0

3 years ago

An example of the __________ is a product development specialist who bases a decision to not launch a new product on her recent

tensa zangetsu [6.8K]

Answer: availability heuristic

Explanation: Heuristic is simply a mental strategy used to quickly form judgments, make decisions, and find solutions to complex problems.It describes an approach to problem solving, learning, or discovery that employs a practical method nit guaranteed to be optimal or perfect; not following or derived from any theory. A product specialist who bases a decision not to launch a new product based on her recent failure with another product offering is an example of availability heuristic. It relies on information that comes to mind quickly when it comes to making judgment or decision about relative risk or danger. our brains rely on a number of different strategies to make quick decisions. Availability heuristic is then, a mental shortcut that helps individuals make quick, but sometimes incorrect, assessments.

7 0

3 years ago

Available-to-Promise: (choose all that apply) Check All That Apply Tells the sales force how many products are available to sell

Goshia [24]

Answer:

B. Coordinates production and sales efforts.

C. Takes into account current inventory, confirmed orders, and scheduled production.

Explanation:

Available to promise is a feature in businesses where the person in charge links up the available goods to the customer's demands. It is a coordination of production and sales.

The personnel representing the business checks the current level of production and tries to see if the current level of production or even the scheduled production can meet up with customer's demands. Some computer software are used to perform this operation in real-time.

5 0

3 years ago