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Mila [183]
3 years ago
14

Mario and Johnny want to start a business. They have very little capital. They are new partners and largely unfamiliar with each

other’s management practices. They are happy, however, to be organizing a business together in order to avoid full liability for the business. Which detail of this situation is a good reason for Mario and Johnny to create a general partnership?
Business
1 answer:
Anettt [7]3 years ago
7 0

Answer:

Third sentence

Explanation:

Even though they have little capital and new business partners it states in the third sentence that the two are happy to be organizing a business together to avoid liability. So if they take the time to learn about each other and to find each others strengths and weaknesses they will be able to work together and become a stronger team.

Hope this helps.

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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.
Anon25 [30]

Answer:

Inventory account balance $61,190

Cost of goods sold $166,780

Explanation:

<u>date        reference       units          unit price        total      </u>

8/01         beg. inv.         3,300        7.40                24,420

8/08        purchase        16,500      6.80                112,200            

8/14         sales               -13,200     6.80                (89,760)

8/18         purchase        9,900       6.20                61,380

8/25        sales               -9,900      6.20                (61,380)

8/25        sales               -2,300      6.80                (15,640)

8/28        purchase        5,300       5.80                30,740

8/31         ending inv.     9,600                               61,190

8 0
3 years ago
From an entrepreneurial perspective, ______ is a description of the future you envision for your business.
deff fn [24]

Answer:

The answer is , planning

Explanation:

I hoped it was helpful !

5 0
2 years ago
A manufacturer of luxury yachts would use which type of costing​ system?
GaryK [48]
The answer is Job costing. Because Job costing is used for small production of unique products such as yachts.
7 0
3 years ago
American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); National Bank quotes a bid rate
Vinvika [58]

Answer:

c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.

Explanation:

  • Locational arbitrage is a strategy in which one seeks profits from the difference in exchange rates for the same currency at different banks.
  • In our case for locational arbitrage one will have to buy Indian rupee from National bank at the ask rate and then sell them to American bank at the bid rate to make profit.
3 0
3 years ago
A share of Citigroup stock represents:a.An IOU, or promise to pay, from Citigroup b.A right to require that Citigroup pays all p
valkas [14]

Answer:

A share of Citigroup stock represents a claim on Citigroup's assets that gives the purchaser a share of the corporation.

Depending on whether you are an investor or the corporation, a bond is more or less riskier than a stock.

If you are an investor, buying a bond is safer than buying stock since in a worse case scenario where the company goes bankrupt, bond holders are paid before than stockholders. Also bonds provide fixed periodic payments (coupons) and a final payment of the face of the bond at maturity date.

If you are the corporation, issuing bonds is riskier than issuing stock since you have the obligation of making fixed periodic payments to bondholders (coupons) and must pay the face value at maturity date. On the other hand corporations don't have any legal obligation to pay dividends.

6 0
3 years ago
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