All categories

2 years ago

Limited partners in a company...

Business

1 answer:

Likurg_2 [28]2 years ago

7 0

Answer:

serve only as investors

Explanation:

A limited partner is an important source of capital for the business. Usually, a limited partner does not participate in managing the day to day business activities. They do not act as agents of the business and have no voting rights. Because of these reasons, limited partners are also known as silent partners.

A Limited partner is more of an investor in the business. His or her main role is to provide capital for the business. The general partners undertake the management function role for the business. A limited partner share in the business profits. The business passes its income as income of the income of its partners. Unlike general partners, limited partners have limited liabilities to the debts of the business.

You might be interested in

The _________________ is an accounting method that (a) estimates bad debts expense from credit sales during the period sales are

oksian1 [2.3K]

Answer:

A) Allowance method of accounting bad debts

Explanation:

Based on the allowance method, the bad debts should be calculated on either credit sales i.e. income statement method or receivable aging method i.e. balance sheet method. Also, the account receivable should be recognized at net realizable value

Therefore the allowance method of accounting bad debts is an answer

5 0

3 years ago

The Ivanhoe Chemical Corporation announced that, for the period ending March 31, 2017, it had earned income after taxes of $2,76

pychu [463]

Answer:

Depreciation =$541,138.36

Explanation:

Income after tax = Profit before tax - income tax

Profit before tax = Profit before interest and tax (PBIT) - interest expense

Profit before interest and tax (PBIT) = Revenue - cost of sales - Depreciation and amortization

Cost of sales = 61% of sales = 61%× $13,148,000 =8,020,280

before before tax = Profit after tax /(1-T)

Profit before tax = 2,768,313.00/(1-0.34) = 4,194,413.64

Profit before interest and tax = Profit before tax + interest

= 4,194,413.64 + 392,168 = 4,586,581.64

Profit before interest and tax (PBIT) = Revenue - cost of sales - Depreciation and amortization

We can substitute the figures into the equation above to work out the depreciation and amortization

4,586,581.64 = 13,148,000 - 8,020,280 - depreciation

Depreciation= 5127720 - 4,586,581.64 =541,138.36

Depreciation =$541,138.36

4 0

3 years ago

Cain Inc. reports net income of $18,000. Its comparative balance sheet shows the following changes: accounts receivable increase

nata0808 [166]

Answer:

$25,000

Explanation:

Computation for the cash flows from operations using the indirect method.

Cash flow from operating activities

Net income $18,000

Adjustment to reconcile net income to net cash flow from operating activities

Change in Current assets and liabilities

Less Account receivable increase ($9,000)

Inventory decrease $11,000

Prepaid insurance decrease $4,000

Account payable increase $6,000

Less Taxes payable decrease ($5,000)

Net cash flow from operating activities $25,000

Therefore the cash flows from operations using the indirect method will be $25,000

5 0

2 years ago

Which of the following is an example of a positive externality? A. Promoting generic drugs would benefit people. B. A lower inf

KATRIN_1 [288]

Answer:

C. Compulsory flu shots for all students prevents the spread of illness in the general public.

Explanation:

Positive externality: when a good or service benefits an individual which then improves society.

For example, if an individual is to be educated from school, they receive their own education, but it also benefits society.

3 0

3 years ago

Which economic activities are NOT included in GDP? Check all that apply.

mash [69]

The answers are: A, B, D, E and F, or every answer except C.
a the sale of used goods
The sale of used goods are not included in GDP, as this would amount to double counting.
b payment of under-the-table wages - We cannot include this is GDP because the government does not have access to the information.
d harmful economic side effects like pollution - This is not measured as a loss to GDP, although it would be a more realistic figure if it was.
e illegal drugs like marijuana - For the same reason as B, this is not included.
f goods that were produced outside our domestic borders - The measure is called Gross Domestic Product, which means wealth that is produced domestically.
All answer except C are correct.

8 0

3 years ago