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KonstantinChe [14]
3 years ago
11

If Southwest Development Company is a​ 50-50 partnership of Merideth Harper and Christopher​ Black,: ​(Select the best answer​ b

elow.) A. Ms. Harper has unlimited​ liability, which means creditors can claim against her personal assets. B. Ms. Harper has limited​ liability, which guarantees that she cannot lose more than the​ $25,000 she invested. C. Ms. Harper has unlimited​ liability, which means creditors can only claim against the​ $25,000 she invested. D. Ms. Harper has limited​ liability, which is​ $30,000, or half of the​ $60,000 in unpaid debts.
Business
1 answer:
Kobotan [32]3 years ago
5 0

Answer:

The answer is: A) Ms. Harper has unlimited​ liability, which means creditors can claim against her personal assets.

Explanation:

One of the most important characteristic of a partnership is unlimited liability. That means that in case the partnerships goes bankrupt, the partners are responsible for paying the partnership´s debt even with their own personal assets.

If one partner doesn´t have enough assets to meet his share of the debt, the other partner (or partners) can be held liable for the unpaid debt.

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Lenders reserve their lowest interest rates for
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Mortgage lenders prefer candidates that can prove steady employment for at least the past two years. Long periods of unemployment won’t bode well for your application, and neither will a pattern of declining earnings. In a perfect world, you have been on the same job for at least the last two years, or have made a job change to a higher paying position in that time.


8 0
3 years ago
According to the _____, the most effective management theory or idea depends on the kinds of problems or situations that manager
german

Answer: The contingency approach

Explanation:

 The contingency approach is one of the type of management theory that helps in understanding the various types of principles in an organization and it is also refers as the situational approach.

The main objective of the contingency approach is that it provide manager the different types of ways to give reaction on the given issue and different types of situation.

 According to the question, the contingency approach helps in providing the different types of effective ideas to the manager where they facing different types of problems in an organization.  

 Therefore, contingency approach is the correct answer.

6 0
3 years ago
The social and economic goals of __________ include private ownership of land and business.
MrRa [10]

Answer:

Capitalism

Explanation:

<em>The social and economic goals of CAPITALISM include private ownership of land and business.</em>

The <em>capitalism</em> is an economic and social system based on <em>private ownership</em> of the means of production, on the importance of capital as a generator of wealth and on the allocation of resources through the market mechanism.

7 0
3 years ago
Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou
guajiro [1.7K]

Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

Increase in accounts receivable = $21,000

Decrease in accounts payable = $9,000

Depreciation Expense = $45,000

Net cash provided by operating activities:

= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable

= $290,000 - $9,000 + $45,000 - $21,000

= $305,000

4 0
3 years ago
Suppose that the U.S. government decides to charge cola consumers a tax. Before the tax, 45 million cases of cola were sold ever
Genrish500 [490]

Answer:

Tax on a case of cola is $4 per case.

The burden that falls on consumers is $1 per case.

The burden that falls on producers is $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

Explanation:

Tax on a case of cola = Amount that consumers pay after the tax has been charged - Amount producers receive = $7 - $3 = $4 per case

Burden on consumers = Amount consumers pay after the tax has been levied - Amount consumers pay before tax was levied = $7 - $5 = $1 per case

Burden on producers = Tax on a case of cola - Burden on consumers = $4 - $1 = $3 per case

False. This is due to the fact that producers already carry a greater share of the tax burden.

4 0
3 years ago
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