1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
STALIN [3.7K]
3 years ago
10

Ted and Fred are the owners of a gas station. They invested $150,000 each and pay an employee named Lawrence $35,000 per year. T

his year revenues are $900,000, while costs are $940,000. Who is legally responsible for bearing the $40,000 loss?
Mathematics
1 answer:
Serjik [45]3 years ago
8 0

Answer:

Ted and Fred

Step-by-step explanation:

As per the question,

Ted and Fred are the owners of a gas station that is they are the owner of their own firm.

As being the owner of their own company, they are the one who is responsible for their loss. That is the firm’s owners always suffer the firm’s risk.

Business Risk: Risk that a business will not be able to cover its operating costs.

So in this case, Lawrence is the employee and legally he is not responsible to suffer any kind of the loss.

So he must be paid his salary  on time and in full whether or not the firm is running a profit, a loss, or just breaking  even.

As being owner Ted and Fred are responsible to withstand the business risk.

Hence, the person who is legally responsible for bearing the $40,000 loss is Ted and Fred.

You might be interested in
Simplify the expression please!<br><br> -5+i/2i
melamori03 [73]

Answer:-9/2 or -4.

5

Step-by-step explanation:

3 0
3 years ago
Which is Greater 3/4 or 11/16
Elan Coil [88]
\frac{3}{4} = .75
\frac{11}{16} = .6875

\frac{3}{4} \ \textgreater \   \frac{11}{16}
6 0
3 years ago
Read 2 more answers
Which letter has rotational symmetry? Answer Choices: 1. B 2. R 3. J 4. I
Whitepunk [10]
The answer is 4. I but it has to be capital
8 0
3 years ago
Think about a six-sided die with each number, 1 through 6, appearing once on each die. Which of the following events is mutually
Svetllana [295]
C. Rolling a 3 or a factor of 6
8 0
3 years ago
PLEASE HELP!! 20 POINTS!<br> - ✓ 81+ ✓–49 + ✓ 25+ ✓-1
laiz [17]

Answer:

Step-by-step explanation:

=-9+7i+5+i

=-4+8i

5 0
3 years ago
Read 2 more answers
Other questions:
  • 5(-6+4) distributive
    12·2 answers
  • A manufacturer produces mugs at a cost of $2 daily. The company also has daily costs of $500. It then sells the mugs for $5. Wha
    7·1 answer
  • 25c+450=12,950 what is c
    10·1 answer
  • Which number is larger? Justify your answer -4.03 or -4.3
    11·1 answer
  • A cone has a radius of 1.2 inches and a height of 2.9 inches. What is the volume to the nearest tenth of a cubic inch of the con
    6·1 answer
  • 25. In the diagram, CT = 10.<br> What is the length of AB?
    10·2 answers
  • 7th grade math help me plzzz
    10·1 answer
  • Can someone pls help
    10·2 answers
  • It is too confusing for me
    5·1 answer
  • The sum of 3x and 1 is greater than-5 and less than or equal to 10
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!