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jolli1 [7]
3 years ago
12

Todd and Cathy created a firm that is a separate legal entity and will share ownership of that firm on a 50-50 basis. Which type

of entity did they create if they have no personal liability for the firm's debts?
A.Limited partnership
B. Corporation
C. Sole proprietorship
D. General partnership
E. Public company
Business
1 answer:
ella [17]3 years ago
5 0

Answer:

B. Corporation 

Explanation:

A Corporation is formed about by at least one person.

A coparation is a separate legal entity.

Owners of a corporation usually have limited liability ; they have no personal liability for the firm's debts.

In a limited partnership, some partners have unlimited liability.

A sole proprietorship is owned by a single person, the business isn't a separate legal entity and the owner has unlimited liabilities.

In a general partnership, partners have unlimited liabilities.

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love history [14]

<em>Cierto </em>

<em>Solo depende del tipo de teléfono que se utilice para enviar el documento. Creo que hay algunos teléfonos que se configuran más como computadoras que te permiten enviar documentos. Sin embargo, hay muchos teléfonos que no cuentan con esta función y es probable que la mayoría de los teléfonos celulares que usa la gente en la actualidad no realicen esta acción.</em>

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4 0
3 years ago
What type of advertising communicates the specific features, values, and benefits of a product offered by a particular company?
steposvetlana [31]

Answer:

c. brand advertising

Explanation:

<em>c. brand advertising </em>

It engage the consumer to purchase the product or service being advertised.

a. internal advertising

this adverize is done to hire vacants inside the company instead of hiring from utside the company

b. corporate advertising

Is done to put into radar of consumer the entire organization or company. It d not advertize for an individual brand or product.

d. institutional advertising

It is done to focus on the benefits, ideas, or philosophies of the organization. It is done to iprove the reputation. It buils positive image. It do not sale a product or service.

8 0
3 years ago
Phil enters into a contract with Quality Resorts, Inc., to work as a chef. Under the plain meaning rule, the meaning of this con
icang [17]

Answer:

"The face of the instrument"

Explanation:

This is a legal phrase which means the contract (aka the "instrument") must be read "on its face." Basically, you should put everything you want the contract to say in plain language and the parties are only held to the plain, common understanding of exactly what is written down.  

The idea is that no party can go back and say that something else is expected or implied from the contract unless it is actually written down.  

7 0
3 years ago
If management wants to maximize its stock price, and if it believes that the dividend irrelevance theory is correct, then it mus
kupik [55]

Answer:

The correct answer is False.

Explanation:

This statement is false, since the residual theory of dividends argues that these are irrelevant, that is, that the value of the company is not affected by its dividend policy. The main drivers of this theory are Modigliani and Miller. Both authors affirm that the value of the company is determined solely by the profitability and the degree of risk of its assets (investments), and that the way in which the organization divides its income between dividends and reinvestment does not have a direct effect on its value .

However, some studies show that significant changes in dividends affect the price of shares in the same direction, that is, increases in dividends translate into increases in stock prices, and vice versa. In response, M and M propose that the positive effects of dividend increases be attributed, not to the dividend itself, but to the informational content of dividends with respect to future income. Thus, any increase in dividends would cause investors to raise the price of the shares, while a decrease would cause a corresponding decrease in the price of the shares.

7 0
3 years ago
Wiggins Company has 1,000 shares of $10 par preferred stock, which were issued at par. It also has 25,000 shares of common stock
Ugo [173]

Answer:

Book value par common share will be $19.6

Explanation:

We have given number of preferred stock = 1000

Value of preferred stock = $10 par preferred stock

So preferred Stock = 1000 x $10 = $10000

Total Stockholder's equity = $500000

Thus Common stock value = $500000 - $10000 = $490000

Total number of common stock = 25000 shares

So the book value per common share is = \frac{490000}{25000}=19.6

5 0
3 years ago
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