Describe an example of an asset that your company could link to a business loan as collateral. (2-4 sentences. 2.0 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 i

Ugo [173]

Answer: These individuals must enter into a limited partnership.

When a partnership has at least one General Partner and one Limited Partner, the partnership is called a limited partnership.

The general partners bear all the risk of the partnership and are jointly and severally liable for the debts of the partnership.

The limited partner contributes funds, but in not involved in the management of the partnership.

As a result he is not personally liable for the debts of the partnership.

However, he is entitled to a dividend by virtue of his investment. The nature of this dividend is defined and the terms are spelled out clearly in the partnership agreement.

7 0

2 years ago

True or false. hospital bylaws define the process for documentation within a health record for all members of the workforce.

solong [7]

The statement is "True".

Hospital medical staff by-laws are critical. Governing board of a hospital can by them confers on the staff the ability to set up a type of association by which that staff can give affirmation of quality clinic medicinal care.

4 0

2 years ago

Calculate the planned shortage in dollars if the planned shortage % is 1.64% and the planned net sales are $1,189,000.

EleoNora [17]

Answer:

the planned shortage in dollars is $19,499.60

Explanation:

The computation of the planned shortage in dollars is shown below:

= Percentage of planned shortage × planned net sales

= 1.64% × $1,189,000

= $19,499.60

hence, the planned shortage in dollars is $19,499.60

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0

2 years ago

Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the basis of machine hours in Fact

Varvara68 [4.7K]

Answer:

Eclipse Solar Company

a. Factory overhead rate for Factory 1 is $23.13

b. Factory overhead rate for Factory 2 is $35.20

c. Journal Entries:

August 31:

Debit Work in Process Factory 1 $1,491,885

Credit Factory Overhead $1,491,885

Debit Work in Process Factory 2 $3,696,000

Credit Factory Overhead $3,696,000

d. Balances of the factory overhead accounts:

Factory 1 $23,915 underapplied

Factory 2 $89,700 overapplied

Explanation:

a) Data and Calculations:

Factory 1 Factory 2

Overhead application basis machine hrs direct labor hrs

Estimated overhead costs $18,500,000 $44,000,000

Direct labor hours 800,000

Factory overhead rate $23.125

Machine hours 1,250,000

Factory overhead rate $35.20

August:

Actual overhead costs $1,515,800 $3,606,300

Actual direct labor

hours for August 64,500

Actual machine hours for August 105,000

Application of overhead to production for August:

Factory 1 = $1,491,885 (64,500 * $23.13)

Factory 2 $3,696,000 (105,000 * $35.20)

Factory overhead accounts:

Factory 1 Factory 2

Actual overhead costs $1,515,800 $3,606,300

Applied overhead costs $1,491,885 $3,696,000

Under/(Over)-Applied $23,915 $89,700 Overapplied

4 0

3 years ago

Two hundred people were asked if they had read a book in the last month. The accompanying contingency table, cross-classified by

Rainbow [258]

Question Continuation

The probability that a respondent read a book in the last month and is at least 30 years old is the closest to

A. 0.33

B. 0.88

C. 0.46

D. 0.12

See Attachment for complete question

Answer:

A. 0.33

Explanation:

To solve this question, we need the intersecting cell of Yes and 30+

$n(Yes\ n\ 30+) = 65$

The probability is then calculated as follows:

$P(Yes\ n\ 30+) = \frac{n(Yes\ n\ 30+)}{Total}$

Where Total = 200

$P(Yes\ n\ 30+) = \frac{65}{200}$

$P(Yes\ n\ 30+) = 0.325$

From the list of given options; (A) is the closest to 0.325

Hence:

Option A answers the question

3 0

3 years ago