Which item is important to consider when selecting a<br> credit card?

Liability comparisons Merideth Harper has invested $25,000 in Southwest Development Company. The firm has recently declared ban

gladu [14]

Answer:

a. D

b. D

c. A

Explanation:

a. It is a sole proprietorship ownership

Under this kind of ownership, the owner is the one who collects or receives all the profits and bear or sustains all the losses. Here, in this type of ownership, the owner has unlimited liability, which means that the owner could use the his or her assets to pay off the debts.

Therefore, the owner is responsible for all the unpaid debts which in turn aggregate wealth can be taken to satisfy the debts.

b. If the company is 50 - 50 partnership

In partnership, all the partners have the unlimited liability and each and every partner is liable legally for the unpaid debts.

In this case, 2 partners are equally liable for the debt. So, each partner is legally liable for $30,000 of the unpaid debts.

c. In Corporations

The owners have a limited liability, which guarantee that they could not lose more than they have invested.

In this case, invested amount is computed as a percentage(%) of the aggregate investment. So, the aggregate amount is not given, therefore, the person could not lose more than what has invested which is $25,000.

6 0

3 years ago

In a survey of first graders, their mean height was 49.9 inches with a standard deviation of 3.15 inches. Assuming the heights a

uysha [10]

Answer:

The answer is (b) 47.77 inches

Explanation:

The first quartile is the 25th percentile, which is where 25% of the data falls. Since the data is normally distributed, we will use the formula

$z = \frac{height - mean}{sd}$

First step is to look up the z-value of 25% = 0.25 in the standard normal table. z-value of 0.25 ≈ -0.67.

Therefore, the height that represent the first quartile is given as $height = z*sd + mean = (-0.67) (3.15) + 49.9$ $= 47.77$ .

5 0

3 years ago

Genent%E2%80%8B Industries, Inc.%E2%80%8B (GII), developed standard costs for direct material and direct labor. In%E2%80%8B 2017

Sliva [168]

Answer:

Direct material price variance

= (Standard price - Actual price) x Actual quantity purchased

= ($10 - $7) x 1,300 pounds

= $3,900(F)

Explanation:

Direct material price variance is the difference between standard price and actual price multiplied by actual quantity purchased.

7 0

3 years ago

Concerned about the political fallout from rising gasoline prices, the government cuts the tax on gasoline. At the same time,

Kitty [74]

Answer: 1) increases and 2) increases

Explanation:

When a government cuts tax on gasoline then it will become cheaper for the consumer as well as for the suppliers of gasoline. So, they increase the supply of gasoline because of the tax cut by the government.

Also, if the oil producing companies decided to increase the production at the same time then this will also increase the supply of gasoline.

Hence, both tax cut by the government and increase in oil production results in higher supply of gasoline.

7 0

3 years ago

When would it be a good idea to invest your money instead of putting it in a savings account?

iris [78.8K]

If the return rate of the investment is higher than the interest earned while the money is in savings, it would make more sense to invest the money in order to earn higher returns.

3 0

3 years ago

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Which item is important to consider when selecting a credit card?