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Korvikt [17]
4 years ago
8

Travis has agreed to invest $16,000 in a partnership with his sister and brother-in-law. He does not intend to actively work in

the partnership, nor does he wish to risk any of his own assets other than the $16,000 he initially invests. The partnership has agreed to permit him to share in the profits. As an expert on forms of business ownership, you know that Travis is a ______________ in this partnership.A. General partnerB. Preferred stockholderC. Secondary partnerD. Limited partner
Business
1 answer:
german4 years ago
6 0

Answer:

D. Limited partner

Explanation:

Limited partner -

It is one of the owner of a company or organization , where the liability of the firm's debt is not allowed to raise than the other investor of the company .

Limited partner is also known as silent partners .

The limited partner has very restricted voting rights on the business of the company , and even is not involved in the day - to - day activity of the business .

The role of the limited partner is to invests some amount of money for exchange of the shares in a partnership .

Hence , from the information of the question ,

Travis is a Limited partner in the given partnership .

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Carol Bates, a young, dynamic, and affluent banker, likes to shop online and try out new products. She likes to keep herself upd
Wittaler [7]
<h2>"Innovative" traits best describes Carol</h2>

Explanation:

Based on the given statement, Carol Bates is very much interested in grabbing the latest gadgets. It means that,

  • Carol is updated
  • Adaptable to change
  • Have exploring capability to upgrade
  • A technology savvy
  • Monitors market and has good knowledge on current trends
  • Self-motivated to be on track
  • Has creative skills to use the latest gadgets

All the above qualities describes that Carol Bates is innovative.

4 0
3 years ago
Coronado Company had the following department information for the month: Total materials costs $55000 Equivalent units of materi
aniked [119]

Answer:

10.9 per unit

Explanation:

Total manufacturing cost per unit= Material cost per unit + Conversion cost per unit

Material Cost per Unit= Total materials cos / Equivalent units of materials

Material cost per unit = 55000 / 10000 = 5.5

Conversion cost per unit = Total conversion costs / Equivalent units of conversion costs

Conversion cost per unit = 81,000 / 15000 = 5.4

Hence, Total manufacturing cost per unit = 5.5 +5.4 = 10.9 per unit

7 0
3 years ago
In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information i
tiny-mole [99]

Answer:

(B) $45,000.

Explanation:

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $74,000

Adjustment made:

Add : Depreciation expense $52,000

Less: Increase in accounts receivable -$36,000

Less: Increase in inventory -$16,000

Less: Decrease in accounts payable -$29,000

Total of Adjustments -$29,000

Net Cash flow from Operating activities              $45,000

6 0
3 years ago
What information appears on a designer worksheet? A. designer portfolio, previous work, and sample designs B. details of the com
s2008m [1.1K]

Answer:

The correct answer is A

Explanation:

Designer worksheet is the one such document which states the work or the potential in the designer or the person. It is that document which contains or comprise of the portfolio of the designer, having or shown the previous work which is done by the designer or the person in his or her last company and the few or some of the sample designs which provide an idea to other person regarding the potential or taste of the designer.

7 0
3 years ago
Why is the automobile industry considered an oligopoly?
aleksandr82 [10.1K]

Answer:

It has significant barriers to entry.

It depends on brand loyalty and image to generate sales.

It is dominated by a few key players.

Explanation: Let me know if it is right

6 0
3 years ago
Read 2 more answers
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