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
serg [7]
4 years ago
8

Friedo and Miriam meet at a start-your-own business workshop. They would both like to open a bookstore. While they have start-up

capital, they are worried about the risk to their personal property. Which of the following would most likely be the best business choice for each of them?A. Sole proprietorshipB. PartnershipC. Limited liability companyD. Corporation
Business
1 answer:
Anvisha [2.4K]4 years ago
5 0

Answer:

C. Limited Liability Company

Explanation:

Limited liability company has this characteristic where as the name suggests the liability is limited to the value of contribution made in the firm. The personal property of any partner cannot be attached to any person, in order to save the partners from being personally liable to firm's creditors.

This provision is not present in general partnership form, as the liability is not limited up to the amount of contribution, rather the partners are personally held liable for any creditors in case the partnership firm fails.

Corporation is for huge number of partners and even expensive to form than the limited liability partnership.

Sole proprietorship offers an individual only to run the business, there are no partners allowed.

Thus, Friedo and Miriam shall form a limited liability partnership.

You might be interested in
Item15 0.3 points eBookPrintReferences Check my work Check My Work button is now enabledItem 15Item 15 0.3 points Corporation Q,
jolli1 [7]

Answer:

$4,000 is treated as a capital gain and then reduced by the un-offset net losses in 2016 ($300) and 2017 ($100) to arrive at net capital gain of $3,600 ($4,000 - 300 - 100).   $0 of the amount is treated as an ordinary income.

Explanation:

Section 1231 gain arises when an asset (real property or depreciable business property) is sold for more than its current tax basis.  The gain is regarded as a capital gain and taxed at the lower capital gain rates and not as ordinary income.

Section 1231 property are assets used in trade or business and held by the Taxpayer for more than one year. A gain on the sale of Section 1231 business property is treated as a long-term capital gain.

5 0
3 years ago
A company's workers asking to be able to celebrate mexican holidays is an example of ________ force for change.
r-ruslan [8.4K]

<span>The answer is an internal workforce composition, since it is being made by workers who already work at the company. Being internal rules out the two external choices. The request is the result of the composition of the company workforce, not any strategy, which disregards an internal strategy and makes an internal workforce the right response.</span>

8 0
3 years ago
To get to free cash flows from accounting earnings, what is the formula used?
kotegsom [21]

The formula used to determine free cash flow is cash from operations minus capital expenditures.

7 0
4 years ago
The best type of resume to submit when changing careers is a__________ resume.
Zepler [3.9K]

Combination' Chronological

This one is best for career changers with transferable skills from a previous career.

Many career changers do well with a combination resume format, which is a chronological-style resume that leads with a qualifications summary. The summary emphasizes your most related credentials so hiring managers easily see you are qualified

5 0
3 years ago
Steele Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. Steele Cor
GREYUIT [131]

Answer:

B)$4.25

Explanation:

Predetermined Overhead rate = Estimated Manufacturing overhead / Estimated Machine hours

Predetermined Overhead rate = $68,000 / 16,000 =$4.25 per unit

Machine-hours                            16,000

Manufacturing Overhead:

Salary of production supervisor $40,000

Indirect material                          $8,000

Rent on factory equipment       <u> $20,000</u>

Total Manufacturing overhead  <u>$68,000</u>

4 0
3 years ago
Other questions:
  • BSW Corporation has a bond issue outstanding with an annual coupon rate of 7 percent paid quarterly and four years remaining unt
    13·1 answer
  • Sunland Co. has a capital structure, based on current market values, that consists of 26 percent debt, 3 percent preferred stock
    9·1 answer
  • 1. Evaluate the situations and offer a workable employee motivational model. • In a department store, salespeople are rewarded b
    10·1 answer
  • The number-one cash crop in the united states was marijuana prior to 1890.
    11·1 answer
  • Louise, a project manager of a software services company, is in charge of scheduling projects for his team. Instead of completin
    7·1 answer
  • Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchase
    12·1 answer
  • A jewelry store has 107.25 ounces of 14-carat gold in stock
    5·1 answer
  • Sarah is tasked with analyzing financial records in order to find discrepancies, trends, as well as indicators of where efficien
    15·1 answer
  • AM Express Inc. is considering the purchase of an additional delivery vehicle for $55,000 on January 1, 20Y1. The truck is expec
    13·1 answer
  • According to the Conceptual Framework, which qualitative
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!