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natulia [17]
3 years ago
8

Six equal partners own a local pizzeria. The partners have made a tremendous profit and bought many personal items such as cars,

boats, new homes, and so on. In order to protect their personal possessions, they decide to incorporate the pizzeria, so that the six partners own shares in the corporation and have limited liability. The business is worth $675,000. After an accident, the partners lose a lawsuit and have to pay $1.2 million in damages. How much money will each partner personally lose to pay this lawsuit
Business
1 answer:
Tanya [424]3 years ago
5 0

Answer:

Money to be paid by each partner individually is $112,500

Explanation:

Let A and B are partners of a share amount Z

If A's amount is x and share of B's amount is y, then share of A is calculated as

x / (x + y) * z

Number of partners in Pizzarie is 6 with all having equal shares

Value of business is $675,000

Damage to be paid is $1.2 million

Hence, the money to be paid by each partners individually is:

= $675,000 / 6

= $112,500

Therefore, money to be paid by each partner individually is $112,500

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The cash remaining after a firm has met its operating expenses, payments to creditors, and taxes is called
RoseWind [281]

Answer:

residual cash flow

Explanation:

According to my research on financial terminology, I can say that based on the information provided within the question the remaining cash is called residual cash flow. Like described in the question this term is formally defined as the income that an organization has after all debts and expenses have been officially paid.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
Which of the following is a common finding in looking at the statement of cash flows of a declining company?
mario62 [17]

Answer:

These are the options for the question:

a) A negative cash flow from operating activities

b) A negative cash flow from investing activities

c) A significant positive cash flow from financing activities

And this is the correct answer:

a) A negative cash flow from operating activities

Explanation:

Declining companies are characterized by a lack of revenue from regular operating activities.

If cash flow from operating activities is negative, it means that the company is not making enough money to meet its obligations, and that will likely cease to exist in the near future unless big changes happen.

5 0
3 years ago
Juan, the owner of quality catering, is driven by competition. he is very focused on meeting deadlines and quality, and on deliv
Gnoma [55]
I would say that quality catering has a production-oriented culture where meeting production targets on time is prime and the fact that the manager rewards the meeting of those targets is good but he shouldn't ignore the need for employee development and satisfaction as that could have an adverse effect in the long term. 
3 0
3 years ago
1. Briefly explain what a resource market is. Then, describe the role that resource markets play in the flow of goods and servic
scZoUnD [109]

In the resource market we find the materials required for production.

<h3>What is resource market?</h3>

The resource market refers to a market where it is possible to find all or some of the resources that are necessary for the production of goods and services.

Businesses depend on the resource materials for the supply of materials that aid the process of production hence the both are interdependent on each other. It is different from product markets which involves the sale of finished goods to consumers.

Learn more about resource markets: brainly.com/question/3964664

7 0
2 years ago
An example of a shortage is limited amounts of______.
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Limited amounts of food available because items are sold out.

A shortage exists when supply cannot keep up with demand.

7 0
3 years ago
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