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
cupoosta [38]
3 years ago
10

Marisa was a CPA who formed a partnership with another CPA, Dave. They formed a limited liability partnership (LLP). If Marisa n

egligently fails to correctly calculate a client's tax liability, resulting in fines to the client:
A) Marisa is personally liable, since she was negligent, but not Dave, who was not negligent.
B) Marisa and Dave are both personally liable, since the tort occurred in the course of business, and, as professionals, they retain personal liability.
C) Neither Marisa nor Dave are individually liable since the as members of a limited liability company they are shielded from personal liability.
D) Neither Marisa nor Dave is individually liable in states that recognize limited liability companies.
Business
2 answers:
Otrada [13]3 years ago
7 0

Explanation:

jdndfjfjdjfjfjfjffjfjfmfmdkdmffkfkfmfjfjffncjffjfj

satela [25.4K]3 years ago
7 0
I believe it’s A) Marisa is personally liable
You might be interested in
The large amount of advertising by firms such as Procter & Gamble and Colgate-Palmolive promotes which of the following barr
Kobotan [32]

Answer:

C

Explanation:

product differentiation

4 0
4 years ago
Lantz Company has provided the following information: • Cash sales totaled $255,000. • Credit sales totaled $479,000. • Cash col
NNADVOKAT [17]

Answer:

The amount of Lantz's operating revenue is $734,000

Explanation:

The computation of the operating revenue is shown below:

= Total cash sales + Total credit sales

= $255,000 + $479,000

= $734,000

Since we have to compute the operating revenue, so we considered only revenue part not expenses part

The other information which is mentioned in the question is not being considered because it is related to the operating expenses. So, ignored it.

3 0
3 years ago
Effective delegation involves:
Afina-wow [57]

Answer:

The correct answer is C. Identifying the appropriate person for the task.

Explanation:

In the transfer of authority from a boss to a subordinate. Most organizations promote delegation of authority in order to provide maximum flexibility in meeting customer needs.

Additionally, the delegation allows people to move within an environment of freedom to contribute ideas that facilitate the performance of their work in the best possible way. By getting involved in this way at work, you get an individual satisfaction that generally becomes a better performance. When they refuse to delegate, managers end up doing the work themselves and underutilizing the capacity of their workers.

6 0
3 years ago
Read 2 more answers
Loni delivers her Mazda to be repaired at Nile’s Body Shop. Loni agrees to pay cash. Nile performs, but Loni does not pay. Nile
xxMikexx [17]

Answer:  Option C

                 

Explanation: Artisan's lien is a kind of lien that enables a craftsman to keep a piece of work unless it is compensated for. Lien applies to an individual's moral right to property of someone else if responsibility is not dismissed. The Lien of Artisan is also known as the mortgage loan of Materials.

In other words, It refers to  form of lien which offers staff a private estate protection benefit before they are compensated on that estate for their work. In the given case, Loni did not pay for the services that were provided by Nile.

Thus, we can conclude that the given case depicts an artisans lien.

8 0
3 years ago
Karim Corp. requires a minimum $8,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthl
ElenaW [278]

Answer:

                                           Karim Corp

                                          <u>Cash Budget</u>

                                                 July              August         September

Cash inflows:                         $20,000      $26,000         $40,000                   

Cash outflows:                     (<u>$28,000) </u>    (<u>$30,000)</u>       (<u>$22,000)</u>

Monthly cash flow:                ($8,000)       ($4,000)          $18,000          

Monthly interests:                           $0             ($76)          ($116.76)

Initial cash balance:                <u>$8,400 </u>       <u> $8,000 </u>         <u> $8,000</u>

Ending cash balance:                $400          $3,924       $25,883.24

Required bank loan:               $7,600          $4,076                   $0

Payment of bank loan:           <u>        $0  </u>        <u>       $0  </u>       <u>  ($11,676)</u>

Total                                         $8,000         $8,000       $14,207.24           

Explanation:

A cash budget is the estimation of the business's future cash flows including estimated revenues and expenses.

4 0
3 years ago
Other questions:
  • A survey of entrepreneurs who started companies last year shows that while virtually all did substantial preparatory research an
    6·1 answer
  • If you are under the age of 21 and have any detectable amount of alcohol in your system while operating a motor vehicle in a pub
    11·1 answer
  • Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel
    12·1 answer
  • Your department store receipt says that you pay a 5% sales tax on sports equipment. this sales tax is an example of a
    8·1 answer
  • What could have caused the aggregate demand curve to shift to the right from AD1 to AD2 an increase in exports an increase in im
    15·1 answer
  • ____ focus on achieving standardization of components, systems, and services and application of currently used purchased items o
    12·1 answer
  • The following information is from the records of Mountainview Camera​ Shop: Accounts​ receivable, December​ 31, 2018 ​$80,000 (d
    12·1 answer
  • Lance contributed investment property worth $640,000, purchased three years ago for $245,000 cash, to Cloud Peak LLC in exchange
    15·1 answer
  • Where would you find the Create Table Dialog Box?
    9·1 answer
  • Marcelino Co.'s March 31 inventory of raw materials is $90,000. Raw materials purchases in April are $560,000, and factory payro
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!