Answer:
Limited Liability Partnership / Limited Liability Company.
Explanation:
- Limited Liability Partnership: A limited liability relationship is a company in which certain or all members have defined obligations, based on the law. Consequently, it can show collaboration and organizational features. Each partner in an LLP is not accountable or liable for any wrongdoing or incompetence of another party.
- Limited Liability Company: A limited liability company is a management structure whose proprietors are not personally responsible for the obligations or responsibilities of the business. Limited liability corporations are hybrid organizations that combine a company's features with that of a partnership or sole business entity.
Answer:
The correct option is a.
Explanation:
In the question, it is given that there are two firms namely U and L who has same same amounts of assets, investor supplied material, and Return on investor capital.
The Firm U is unleveraged which has 100% equity
whereas, Firm L is leveraged firm which has 50% debt and 50% equity
As we have to compare these two firms based on return on equity.
So, based on ROE, Firm U has 100% equity so it have more equity
And, the Firm L have 50% equity which means the firm has low equity as 50% contribution is gone to the debt.
The rest information which is given in the question is irrelevant. So, it is ignored.
Thus, the Firm L has a lower ROE than Firm U
Hence, the correct option is a.
Answer:
$311 unfavorable
Explanation:
The computation of the spending variance is shown below:
= Actual supplies cost - flexible supplies cost
where
Actual supplies cost is $11,700
And, the flexible supplies cost would be
= Actual level of activity × price per frame + supplies cost per month
= 607 frames ×$17 + $1,070
= $10,319 + $1,070
= $11,389
Now put these values to the above formula
So, the value would equal to
= $11,700 - $11,389
= $311 unfavorable
