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IgorLugansk [536]
3 years ago
11

Rank the following types of businesses in order of risk to you, with the highest being number 1: partnership, limited partnershi

p, limited liability company, sole proprietorship
Business
1 answer:
kompoz [17]3 years ago
8 0

Answer:

  1. Sole Proprietorship
  2. Partnership
  3. Limited Partnership
  4. Limited Liability Company      

Explanation:

Sole Proprietorship is the type of business in which the liability is not limited. Due to this issue, the owner is solely responsible to pay off the debts of company from his personal owned assets if the business goes bankrupt.

Partnership is just like sole proprietorship but here the partners are the only responsible persons to payoff the debt of the company because the liability is limitless. The burden of the company debts is equally shared among the partners.

Limited Partnership is less risky because the liability is limited and only the amount invested in the business is subjected to the payment of borrowings from the lenders. The limited partner is responsible for his actions which means if his misdeed resulted in fine then it would be paid from his share first and then the other partners are equally liable to for compensation if their is still any amount left.

In the case of Limited liability company, the liability is limited and the burden of the payment of the liability falls on the company. So the investor is not subjected to pay the debts of the company because the limited liability company is a separate entity and is solely liable to pay for its debts.

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Pennsylvania Company supplied the following information:
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Answer:

$12,620

Explanation:

Cost of Direct materials of Job 99 = $70 x 100 = $7,000

Cost of Direct labour of Job 99 = $5 x 100 = $5,000

Overhead Expenses of Job 99 = $62 x 10 = $620

Total job cost for Job 99 = 7000 + 5000 +620 = $12,620

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2 years ago
When a customer chooses to accept an item of value from a business because it requires no incremental spending on the part of th
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Answer:

The correct answer is letter "B": rational people think at the margin.

Explanation:

The "rational people think at the margin" principle means that consumers consider the marginal benefits and costs of acquiring a good or service before the purchase is made. Purchases typically take place when the marginal benefit is higher than the marginal cost.

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3 years ago
Suppose a closed economy. Suppose there are a farmer, a baker and the consumers residing in this economy. Flour and bread are th
Darya [45]

Answer:

The total spending on all final goods and services produced is equal to $154,000.

Explanation:

The total spending on all final goods and services produced can be calculated as follows:

Total spending = Amount paid by consumers to farmer for flour + Amount paid by consumers to baker for bread + Government spending on hiring consumers ...................... (1)

Where;

Amount paid by consumers to farmer for flour = $20,000

Amount paid by consumers to baker for bread = $120,000

Government spending on hiring consumers = $14,000

Substituting the values into equation (1), we have:

Total spending = $20,000 + $120,000 + $14,000 = $154,000

Therefore, the total spending on all final goods and services produced is equal to $154,000.

3 0
3 years ago
Sharon, a CPA for a large firm noticed that the company's accounting records drastically overstated the amount of inventory on h
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Answer:

The Whistleblower Protection Act of 1989

Explanation:

The Supreme Court established that the Whistleblower Protection Act of 1989 covered not only employees from government entities, but also employees from private organizations (Lawson v. FMR LLC, March 4, 2014).

Whistleblowers are employees of private businesses or government entities that report illegal activities carried out by their employers. This law protects whistleblowers against possible retaliation from their employers.  

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A type of vertical bar chart in which the categories are plotted in the descending rank order of the magnitude of their frequenc
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A contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

<h3>What is a contingency table?</h3>

They are frequency tables in which data from two qualitative variables are recorded and the relationship between them is analysed.

In these tables, the rows represent the categories of one variable and the columns the categories of the other variable or characteristic under study.

The cell located at the intersection of a given row and column, collects the absolute frequency simultaneously presented by the modalities that occupy the corresponding row and column.

Therefore, we can conclude that a contingency table consists of a double entry table with rows and columns in which the categories are plotted in descending order of the magnitude of their frequencies.

Learn more about contingency tables here: brainly.com/question/5492865

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