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Mademuasel [1]
4 years ago
10

1 points Item 5Item 5 1 points Sam, Alfredo, and Juan want to start a small U.S. business. Juan will fund the venture but wants

to limit his liability to his initial investment and has no interest in the daily operations. Sam will contribute his full efforts on a daily basis but has limited funds to invest in the business. Alfredo will be involved as an active consultant and manager and will also contribute funds. Sam and Alfredo are willing to accept liability for the firm's debts as they feel they have nothing to lose by doing so. All three individuals will share in the firm's profits and wish to keep the initial organizational costs of the business to a minimum. Which form of business entity should these individuals adopt?
Business
1 answer:
8090 [49]4 years ago
8 0

Limited partnership form of business entity should these individuals adopt.

Explanation:

A Limited Partnership is a common partner that has unlimited personal liability to the company's assets and commitments and a joint partner that has limited liability but does not share in the management process. a Limited Partnership is a limited partner.

Most states allow a professional license in a specified area for every LLP participant. As a result, relationships with doctors, judges, accountants, engineers, financial advisors certified, vet and business owners typically include lLPs. Currently attorneys and accountants are approved for LLPs in California.

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Which of the statements below is​ FALSE?
Alecsey [184]

Answer:

C. The standard of one vote for each share cannot be altered.

Explanation:

Shares are sold to individuals that now obtain ownership rights of a company.

Common share holders are entitled to voting in of new board members and also have the ability to vote for changes in bylaws of the company.

Also common shareholders are shares have different classes with different voting rights.

However it is not true that the standard of one vote for each share cannot be altered.

When more shares are issued by a company it can result in dilution of shares. That means for example if a person has 10,000 shares in a company with 1 million shares, and the company now issues an extra 1 million shares making 2 million in total now.

The shareholder's standard of vote for each share is now halved

5 0
3 years ago
How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wh
ExtremeBDS [4]

How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wholesale company?

A general ledger account is used to record transactions that a company has. A trial balance has all of the general ledger accounts listed shows all of the debits and credits that a company has faced. A retail store will have smaller product transactions over a wholesale store due to the wholesale store selling in bulk. There will likely be more credits and debits for a retail store whereas a wholesale store may have more debits as they are less likely to have returns.

How will they differ for a hospital or a government unit?

A hospital or government unit will have vastly different general ledger reports due to the type of agency they are. These transactions will deal more with insurance or big dollar companies rather than individuals on a smaller scale. A trial balance is not a financial statement but it used to show balances that an organization has.

7 0
3 years ago
How does assertiveness compare to both acquiescence and aggression?
olchik [2.2K]

Answer: It is more aggression than acquiescence. It is not a compromise between the two.

Explanation:

4 0
3 years ago
An increase in real interest rates in the United States a encourages U.S. residents to buy U.S. assets, but discourages foreign
Ray Of Light [21]

Answer:

d. encourages both U.S. and foreign residents to buy U.S. assets.

Explanation:

The interest rate in a country has influence on the capital of it.

When the real interest rates in the United States increase, the U.S. assets have higher value so that become attractive to funds. Thus, it encourages both foreign and U.S. residents to buy U.S. assets.

Besides, when the real interest rate in the U.S. increases, it encourages the U.S residents to save more U.S. assets and  discourage them from purchasing foreign assets

=> The net capital inflow in U.S would increase

5 0
3 years ago
Apple has been known to sell its products at higher rates than competitors, such as Microsoft, as it has been successful at conv
guapka [62]

Answer:

b. market power. 

Explanation:

A firm has market power when it is able to charge prices for its goods and services far above its marginal cost of production and higher than the average price charged in the market for similar goods and services.

Apple is able to charge higher price when compared with Microsoft.

Corporate level core competitencies is when a firm has unique abilities that gives it an edge over other competitors and enhances the long term success of the firm.

Multipoint competition is when a firm is competiting at the same time across many industries with the same competitors.

Brand awareness is how well a product is familiar to consumers .

3 0
3 years ago
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