1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The PE ratio: Assuming Net Income for the year is $250,000, what is the net cash flows from operating activities given the follo
solmaris [256]

Answer:

Net operating cash flow = $189,250

Explanation:

Particulars                                    Amount$

Net income                                    250,000

Add:depreciation expense           9,500

Add:loss on sale of asset              1,250

Add:increase in salary payable    19,500

Less:increase in prepaid rent       (27,500)

Add:increase in AP                        29,500

Less:increase in inventory            <u>(93,000)</u>

Net operating cash flow              <u>$189,250</u>

4 0
2 years ago
The law recognizes each​ person's right to live his or her life without being subjected to unwarranted and undesired publicity.
Margarita [4]

Answer:

Privacy

Explanation:

The law gives right to every person to their own privacy i.e. for one to live without being subjected to unwarranted and undesired publicity. The right to privacy actively deals with issue surrounding the personal matters of an individual and the right for them to be let alone.

A violation of this right is called the tort of invasion of the right to privacy. The tort of invasion of the right to privacy occurs when an individual sues another person who he/she believes has trespassed on his right to privacy. This trespass might come in form of disclose of their private information, or using the person`s name and associated things for another person`s gain without their consent.

4 0
3 years ago
a debit entry in the cash account and a corresponding credit entry in David Levin's account are made for the transaction.....
Alborosie

Answer:

receipts of cash from David Levin's

Explanation:

6 0
2 years ago
A rectangular storage container with an open top is to have a volume of 10 m^3. The length of its base is twice the width. Mater
DiKsa [7]

Answer:

The dimension that minimizes the container is width = 1; base = 2 and height = 5

The minimum cost is $36

Explanation:

Let the width be x

So:

Width = x

Base = 2 * Width

Base = 2 * x

Base = 2x

Height = h

Volume of the box is:

Volume = 10m^3 ---- Given

Volume is calculated as:

Volume = Base * Width * Height

Volume = 2x * x * h

Volume = 2x^2h

Substitute 10 for Volume

10 = 2x^2h

Make h the subject

h = \frac{10}{2x^2}

h = \frac{5}{x^2}

Next, we calculate area of the sides.

Area = Base + Sides

Because it has an open top, the area is:

Base\ Area = Base * Width

Sides\ Area = 2[(Width * Height) + (Base * Height)]

Base\ Area = 2x * x

Base\ Area = 2x^2

Sides\ Area = 2[(Width * Height) + (Base * Height)]

Side\ Area = 2[(x * h) + (2x * h)]

Side\ Area = 2[(xh) + (2xh)]

Side\ Area = 2[3xh]

Side\ Area = 6xh

The base area costs $6 per m²

So, the cost of 2x² would be:

Cost = 6 * 2x^2

Cost = 12x^2

The side cost area costs $0.8 per m²

So, 6xh would cost

Cost = 0.8 * 6xh

Cost = 4.8xh

Total Cost (C) is:

C = 12x^2 + 4.8xh

Recall that h = \frac{5}{x^2}

So:

C = 12x^2 + 4.8x *\frac{5}{x^2}

C = 12x^2 + 4.8 *\frac{5}{x}

C = 12x^2 + \frac{4.8 *5}{x}

C = 12x^2 + \frac{24}{x}

Take derivative of C

C^{-1} = 24x - \frac{24}{x^2}

Take LCM

C^{-1} = \frac{24x^3 - 24}{x^2}

Equate C^{-1} to 0

0 =  \frac{24x^3 - 24}{x^2}

Cross multiply

24x^3 - 24 = 0 * x^2

24x^3 - 24 = 0

Add 24 to both sides

24x^3 = 24

Divide through by 24

x^3 = 1

Take cube roots of both sides

x = 1

Recall that

Width = x

Base = 2x

Height = h and h = \frac{5}{x^2}

Solve for these dimensions:

Width = 1

Base = 2 * 1

Base = 2

h = \frac{5}{1^2}

h = \frac{5}{1}

h = 5

i.e.

Height = 5

<em>Hence, the dimension that minimizes the container is width = 1; base = 2 and height = 5</em>

<em></em>

Recall that

C = 12x^2 + \frac{24}{x}

Substitute 1 for x

C = 12(1^2) + \frac{24}{1}

C = 12 + 24

C = 36

<em>The minimum cost is $36</em>

8 0
3 years ago
A person borrows $370 from a payday loan company, paying $26 interest for two weeks. This would result in an annual interest rat
xeze [42]

Answer:

Rate= 168.65%

Explanation:

When loans are collected there is interest that is paid on the principal collected. The interest is usually expressed as a percentage per year.

The following formula is used to calculate interest rate

Interest = principal* rate* time

We are asked to calculate annual percentage

Rate = interest/(principal * time)

Interest bis paid every two weeks. That is twice a month, and there are 12 months in a years. That is 2*12= 24 times.

Total interest per year= 24* 26= $624

Using the formula

Rate= 624/(370*1)

Rate = 1.6865

Rate= 168.65%

8 0
2 years ago
Other questions:
  • Rubina convinced mariah to start a business with her in a partnership rather than a sole proprietorship. the disadvantage of a s
    5·1 answer
  • The estimated unit costs for a company to produce and sell a product at a level of 15,000 units per month are as follows:Cost It
    12·1 answer
  • Niles Industries is a merchandising company. It currently holds $6,000 in consignment goods for Martin Corporation. In addition,
    15·1 answer
  • Suppose that Italy and Sweden both produce rye and cheese. Italy's opportunity cost of producing a pound of cheese is 5 bushels
    15·1 answer
  • Canniff Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports.
    15·1 answer
  • Suppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $80 million to $160 millio
    11·1 answer
  • A nation has an absolute advantage in the production of a good, if Group of answer choices it can produce that good at a lower o
    10·1 answer
  • (1) State which marketing environment affected Xerox's operation. (1mks)
    13·1 answer
  • Using the allowance method of accounting for uncollectible receivables, the entry to reinstate a specific receivable previously
    7·1 answer
  • Does a competitive firm’s price equal its marginal cost in the short run, in the long run, or both? explain.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!