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3 years ago

Whcih of the following is true?

Business

1 answer:

Over [174]3 years ago

5 0

Answer:

Option B

The partners maintain an adequate amount of professional liability insurance.

Explanation:

A limited liability partnership is a partnership in which each partner is not responsible or liable for another partner's misconduct or negligence.

Similarly, A limited liability insurance is a coverage for a partner in a business. It protects his personal and private assets.

One of the features of a limited liability partnership is that he partners are allowed to maintain an adequate amount of professional liability insurance in case the business incurs a heavy loss.

This makes option B the correct answer.

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During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Pur

lilavasa [31]

Answer:

June 3 Purchased goods for $7,900 from Diamond Inc. with terms 2/10, n/30.

Merchandise $7,900 Debit

Accounts Payable $7,900 Credit

5 Returned goods costing $3,000 to Diamond Inc. for credit on account.

Accounts Payable $3,000 Debit

Merchandise $3,000 Credit

6 Purchased goods from Club Corp. for $1,950 with terms 2/10, n/30.

Merchandise $1,950 Debit

Accounts Payable $1,950 Credit

11 Paid the balance owed to Diamond Inc.

Accounts Payable $4,900 Debit

Merchandise $98 Credit

Cash $4,802 Credit

22 Paid Club Corp. in full.

Accounts Payable $1.950 Debit

Cash $1.950 Credit

Explanation:

First recorded the journal entry of the purchased merchandise.

June 3 Purchased goods for $7,900 from Diamond Inc. with terms 2/10, n/30.

Merchandise $7,900 Debit

Accounts Payable $7,900 Credit

When merchandise is returned, we make the opposite entry

5 Returned goods costing $3,000 to Diamond Inc. for credit on account.

Accounts Payable $3,000 Debit

Merchandise $3,000 Credit

It's recorded again the journal entry of the purchased merchandise.

6 Purchased goods from Club Corp. for $1,950 with terms 2/10, n/30.

Merchandise $1,950 Debit

Accounts Payable $1,950 Credit

When the balance is paid it's necessary to register de discount availabe becuase the payment was within 10 days, 2/10.

11 Paid the balance owed to Diamond Inc.

Accounts Payable $4,900 Debit

Merchandise $98 Credit

Cash $4,802 Credit

In the case of Club Corp the paid is in full because it's out of the discount period.

22 Paid Club Corp. in full.

Accounts Payable $1.950 Debit

Cash $1.950 Credit

7 0

3 years ago

3. Wholesalers and retailers are commonly referred to as

lesya [120]

Answer:

Explanation:

3. Trade Business ... including any and all business that buy from others companies to sell to the public.

4. Extraction business ... as they extract materials from the earth so that manufacturers can create valuable products for customers.

5. nonprofit corporation ... these corporations are legal entities which do not operate as a business and usually make all of their money through donations and grants to use for the benefit of the public, but can also sell goods and services for money.

6. franchise. ... there are many examples of franchises such as McDonalds, Target, Walmart etc. All of which sell the rights to individuals to operate under the franchises name.

7. retailer ... in other words these are the final stores where customers ultimately purchase the product. This can either be a brick and mortar store or an online shop.

3 0

3 years ago

Select the items that describe incentives.can be rewards or penaltiesinfluence future actionsencourage people to actcan be monet

EastWind [94]

The answer is:

high wages

good benefit package

safe work environment

Incentives is given by company to influence its employers to dedicate themselves to a certain task for the company.

The incentives could come in a form of monetary (related to money) , or non-monetary (other than money but still bring positive financial value to your life)

7 0

3 years ago

Read 2 more answers

The Allied Group is considering two investments. The first investment involves a packaging machine, which can be used to package

Lemur [1.5K]

Answer:

1. Calculate each project's payback period.

Payback period packaging machine = the positive cash flows are lower than the initial outlay

Payback period molding machine = 4.45 years

2. Calculate the NPV for each project.

Using a financial calculator

NPV for packaging machine = -$4,178.24

NPV for molding machine = -$2,907.50

3. Calculate the IRR for each project.

IRR for packaging machine = -0.86%

IRR for molding machine = 3.5%

4. If the two projects are independent of each other, which projects, if any, should be selected? Explain why or why not.

None should be selected since the NPVs are negative

5. If the two projects are mutually exclusive, which project, if any, should be selected? Explain why.

None should be selected since the NPVs are negative

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3 years ago

1. Will your company use advertising as a promotional strategy? If so, which types of advertising will you use? If not, why not?

Kaylis [27]

1. Will, your company use advertising as a promotional strategy? If so, which types of advertising will you use? If not, why not?

Answer: Yes, printed strategies, social networks, events, and public relations will be used.

Explanation:

The promotion strategies are used in the marketing of the companies to be able to inform their potential clients about the products of the company. Through the promotion strategies, the advertising media are chosen with which the target population will be reached as potential customers, making known the benefits of the products and their characteristics.

For example, promotional strategies include print advertising; give out flyers to inform people about the product, stick posters or put advertising banners. Another method is social networks that are currently widely used for advertising due to the demand for use that people have in these networks, which facilitates the promotion of a product.

Likewise, events will be held where potential clients can attend to know the products that are being sold and lastly, public relations are used through which you can have new associations for the sale of products.

2. Will your company use public relations as a promotional strategy? If so, describe at least two ways you will communicate with the public.

Answer: Yes, product launch party in the main store and press releases.

Explanation:

Public relations are part of the promotion strategies of a company, it has the function of establishing or strengthening links with potential customers, companies or magazines, through these events people are informed of the products they want to sell.

For example, when having a product launch party, the objective is to bring together the media and customers so they know the product and potential customers, while the media make more publicity about the product. Likewise, the company can promote its products through press releases through which it explains the characteristics and benefits of the product.

3. Describe at least two things your company could do in order to try to get publicity. TIP: If this includes press releases, describe what the release or releases would be about.

1. Billboard where the product is presented with a slogan that catches the public's attention.

2. contract a person with a lot of influence on social networks to announce the prod.

Explanation:

Advertising aims to increase the sales statistics of a product, which is why they use different strategies to place the product on the market, to carry out an analysis to find out how to reach the desired target. For example, billboards are an advertising tool, it should be placed in a place that is heavily traveled by people so it can be seen, and if possible, several billboards are placed in strategic places, in the same way, a person with a lot of influence in the social networks can be hired to promote the product, in this way the company can transmit the product information to more people.

4. Choose a type of advertisement (newspaper, magazine, outdoor, radio, Internet, and so on) to research, and then answer the following questions

Answer:

Advertisements with Slogan.

a. Find the Web site for a company that sells this type of advertisement (such as newspaper, magazine, outdoor, radio, Internet, or another type of ad). What is this company's name?

Answer:

Company name: Doyle Dane Bernbach

b. Describe at least one type of advertisement you can purchase from this company, including any details about the size, length, color, or other features of the advertisement.

Answer:

An advertisement showing the product you want to market being used by a young person, highlighting the advantages of the product and how good it would be to have it. It should be the size of a 33-inch screen, bright colors, and bold lettering and slogan.

c. How much does this type of advertisement cost?

Answer:

The price is highly variable and these quotes are given when the company is shown what it needs and they are in negotiations for the advertisement.

d. Do you think this type of advertisement would be effective for your company? Why or why not?

Answer: Yes, the big and eye-catching slogan ads are the ones that resonate in people's thoughts, using each item described may make the product look very interesting.

Explanation:

Advertisements are the support used by companies to advertise their products, these ads can be of different types for visual, auditory examples or a combination of the two, likewise, the ads can present only images or can also present a slogan.

Slogan ads are widely used because of the impact it leaves on people since the slogan can create a significant effect on potential customers.

You can find the other answer in the PDF file

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3 years ago