All categories

3 years ago

The primary advantage of being a limited partner is:

Business

1 answer:

notka56 [123]3 years ago

7 0

<h2>Maximum loss limited to their capital investment</h2>

Explanation:

As an investor there is a possibility of both profit and loss. If it is sole proprietorship, the profit or loss will be put on the his / her shoulder.

In case of limited partner, the advantage is that if there is a loss occurred it will" limit to their capital investment".

He/she enjoys "protected investments"

There will not be any huge loss since the capital invested is limited.

"A company can have more than one limited partner"

You might be interested in

Number of setups and number of components are identified as activity-cost drivers for overhead. Assuming an activity-based costi

Stolb23 [73]

Barnes Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost information has been compiled.

Number of Number of Number of

Product Setups Components Direct Labor Hours

Standard 22 8 375

Deluxe 28 12 225

Overhead costs $20,000 $40,000

Answer:

Barnes Corporation

The total amount of overhead costs assigned to the deluxe model (using an activity-based costing system) is:

= $35,200.

Explanation:

a) Data and Calculations:

Overhead Costs Standard Deluxe Total Overhead Rate

Setups $20,000 22 28 50 $400 ($20,000/50)

Components $40,000 8 12 20 $2,000 ($40,000/20)

Direct Labor Hours 375 225 600

Total overhead costs $60,000

Amount of overhead costs assigned to the deluxe model:

Set up costs = $11,200 (28 * $400)

Components costs = $24,000 (12 * $2,000)

Total overheads assigned = $35,200

4 0

2 years ago

How do businesses help a country's economy

Marianna [84]

It provides the added necessities we need.

7 0

3 years ago

Read 2 more answers

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una

ollegr [7]

Answer:

Bad debt expense A/c Dr $4,900

To Allowance for doubtful debts $4,900

(Being bad debt expense is recorded)

Explanation:

The journal entry is shown below;

Bad debt expense A/c Dr $4,900

To Allowance for doubtful debts $4,900

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Net Credit sales × estimated percentage given - credit balance of allowance for doubtful debts

= $920,000 × 0.6% - $620

= $5,520 - $620

= $4,900

6 0

3 years ago

What do capital controls prevent?

ch4aika [34]

Answer:

What do capital controls prevent?

Speculators from rushing into and out of a country's market and

disrupting its economy.

Explanation:

Capital control entails when a body that regulates money in a country controls the cash inflow and outflow

6 0

3 years ago

Read 2 more answers

Jessica simpson has decided to open a small fast food place that specializes in buffalo wings. to do so she must resign from her

In-s [12.5K]

Answer: Jessica's implicit costs are $46,000.

Implicit costs are the benefits that an individual gives up when they take a decision. Implicit costs are also known as opportunity costs.

In this case, Jessica will lose her salary of $40,000 each year. She will also lose the rent of $6000 a year from the building if she opens her fast food joint. So, total implicit costs are:

$Total implicit cost = 40000+6000 = 46000$

6 0

2 years ago