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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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Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract su
Galina-37 [17]

Firms classified as being part of the sharing economy and collaborative consumption are still considered too risky to attract substantial venture capital investment. True

Explanation:

Firms that are funded as a apart of the sharing economy are usually never as profitable as the private companies which draw more investors despite their continued success as their business models are not based on producing profits for the higher ups and have a much more horizontal structure in their firm of ownership and responsibility among the workers.

This means that their is less money in it for the investor and the administrator than it is in a top to down job which is usually the case in corporate and there is more assiduity on the work too.

6 0
3 years ago
Find the coefficient of variation (to the nearest tenth percent) of the following (1,2,3,4,5).​
katen-ka-za [31]

Answer:

52.7%

Explanation:

Coefficient of variation= \frac{standard deviation}{mean} times 100%

                                      = \frac{1.58113883}{3} times 100%

                                      = .5270462767 times 100%

                                      = 52.704627667

Which rounded to the nearest tenth percent is 52.7%

4 0
3 years ago
Read 2 more answers
In the current year, Borden Corporation had sales of $2,190,000 and cost of goods sold of $1,295,000. Borden expects returns in
NNADVOKAT [17]

Answer:

The entries are as follows

To record estimated returns on Sales

Debit: Sales Refund Payable Account $131,400

Credit: Accounts Receivables $131,400

To record estimated Cost of Sales returns

Debit: Inventory Returns Estimated Account $77,700

Credit: Inventory on Sales on Returns $77,700

Explanation:

To derive the figure for Sales Refund payable for the year

6% of $2,190,000

= \frac{6}{100} * 2,190,000 = $131,400

To derive the figure for Inventory cost on Sales Refund payable for the year

6% of $1,295,000

= \frac{6}{100} * 1,295,000 = $77,700

3 0
3 years ago
An oil refinery must now begin sending its waste liquids through a costly treatment process before discharging them. The enginee
WARRIOR [948]

Answer:

Option A is the cheapest.

Explanation:

Giving the following information:

The engineering department estimates costs of $450,000 for the first year. It is estimated that if process and plant alterations are made, the waste treatment cost will decline $43,000 each year. As an alternative, a specialized firm, Hydro-Clean, has offered a contract to process the waste liquids for 15 years for $225,000 per year.

We need to use the following formula and chose the smallest net present value:

NPV= Io +∑ [Cf/(1+i)^n]

Option A:

Io= 407,000

Year cost= 43,000

NPV= 734,061

Option B:

Yearly cost= 225,000

NPV= 1,936,368

7 0
3 years ago
Nonprice competition refers to:
umka21 [38]

Answer: Option C

Explanation: Non price competition can be defined as the business strategy under which one entity tries to distinguish its commodity offered from another entity in the market with the help of advertising and promotion etc.

Non price competition is generally seen in the oligopoly market structure. The difference between two products in an oligopoly having non price competition is based on the design or workmanship of the manufacturer.

6 0
3 years ago
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