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
Of the 500,000 people (age 16+) in a particular country, 300,000 people are in the labor force. Of these, 240,000 are employed a
Nikitich [7]

Answer:

25%

Explanation:

Given:

Unemployed labor = 60,000

Workers wanting job = 20,000

Thus,

Total unemployed labor = Unemployed labor + Workers wanting job

=  60,000 + 20,000

or

Total unemployed labor = 80,000

Now,

the Total labor force with discouraged workers =  people are in the labor force + Workers wanting job

or

= 300,000 + 20,000

or

labor force with discouraged workers = 320,000

Therefore,

Unemployment rate with discouraged workers

=  (Total unemployed labor / labor force with discouraged workers) × 100

or

= ( 80,000 / 320,000 ) × 100

or

Unemployment rate with discouraged workers  = 25%

5 0
3 years ago
Accompanying a bank statement for Marsh Land Properties is a credit memo for payment on a $15,000 one-year note receivable and $
SVETLANKA909090 [29]

Answer:

Explanation:

The  journal entry is shown below:

Cash A/c Dr 15,900

To Notes Receivable A/c $15,000

To  Interest Revenue A/c $900

(Being cash is collected with respect of notes receivable and interest revenue)

For recording this transaction, we debited the cash account and credited the notes receivable and interest revenue account

4 0
2 years ago
Congratulations! You just won your state lottery and will be receiving a check for $1 million. You have always wanted to own you
Harrizon [31]

The break-even for your food truck business is $37,500.

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Fixed cost is the cost that does not change with the unit of output. It remains constant regardless of the units of output produced.

Fixed cost of the business = $100,000 + $50,000 = $150,000

Variable cost is cost that varies with the units of output produced. Example are wages and cost of raw materials.

Variable cost of the business = $6.

Break-even = $150,000 / ($10 - $6) = 37,500

A similar question was answered here: brainly.com/question/3254072

5 0
2 years ago
For long-term positive relations, the goal of negotiation should most likely be to ________. a) establish a clear line of commun
slava [35]

Answer:

The correct answer is c) reach a settlement that benefits all parties.

Explanation:

Taking into account the nature of the relationship (long-term), an adequate treatment is exclusively required to achieve broad levels of negotiation. When this process is carried out under a harmonious environment, it is more feasible that part and part objectives can be achieved, which allows negotiations to be carried out in the future for the benefit of both people. A negotiation requires time and studies, for which some claims that harm the establishment of a common good must be lowered.

6 0
3 years ago
Consider a profit-maximizing firm in a competitive industry. Under which of the following situations would the firm choose to pr
Mandarinka [93]

Answer:

Option (a) and (b) are considered or correct.

Explanation:

Under the following two conditions, a firm in a perfectly competitive market produces at a point where the marginal revenue is equal to the marginal cost:

(i) Minimum AVC < Price < minimum ATC : Yes

In this case, a firm may suffer a loss but it will be able to cover its minimum average variable cost. Hence, this firm continue operating in this market and if he shut down its operation then he may suffer a larger loss. Therefore, it chooses to continue operating under this market conditions.

(ii) Price > minimum ATC : Yes

In this case, the price received by the seller is greater than the minimum average total cost. Therefore, the firm is able to cover all of its cost of production and earning an economic profit. Hence, it obviously chooses to continue its operation.

The third option is not considered here because in this case, the firm won't be able to cover its variable cost.

3 0
3 years ago
Other questions:
  • Explain the importance of cultural awareness or understanding of sociocultural differences in the global marketplace.
    9·1 answer
  • Which type of manager is responsible for production and quality control?
    5·1 answer
  • The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Acc
    6·1 answer
  • Sophia's Restaurant served 5,000 meals last quarter.
    10·1 answer
  • Which of the following traits indicate that Stephanie is good at time management in her new management role?Stephanie's work spa
    6·1 answer
  • In economics, what is the meaning of the phrase 'the tragedy of the commons?' Goods that are not rivalrous but are excludable ar
    9·1 answer
  • The 5 C's of credit include: I. Collateral and Capacity II. Conditions, Capital and Consideration III. Collateral and Credit Sco
    6·1 answer
  • Greta contributes property to form Unity Corp. and receives all 100 shares of Unity. A year later, Bjorn contributes property an
    13·1 answer
  • What is true about credit unions?
    11·1 answer
  • Economic models that make unrealistic assumptions may be useful in analyzing some economic problems.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!