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3 years ago

he difference between an L3C (low profit limited liability company) and other types of businesses is that:

Business

1 answer:

neonofarm [45]3 years ago

5 0

Answer: L3Cs explicitly take on a social mission as well as profit-seeking

Explanation:

The options are:

a. L3Cs do not pursue profit, but instead seek social goals.

b. L3Cs cannot accept government funding of any kind.

c. L3Cs explicitly take on a social mission as well as profit-seeking.

d. L3Cs are chartered by the government and all profits are retained by the government.

An L3C is a limited liability company (LLC), which has both attributes of profit and non profit. It is usually set up in such a way that private investiors can be attracted and also provide social objectives.

The owners are not responsible for the debt of the organization and they usually participate in management. Therefore, the answer to the question is that L3Cs explicitly take on a social mission as well as profit-seeking

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A country's travel exports (good and services that international travelers buy while visiting the country) are increasing exp

nasty-shy [4]

Answer:

(a)In 2018, V(t)=$207.05 billion

In 2020, V(t)=$246.90 billion

(b)The export growth rate in 2018 is $18.22 billion per year

The export growth rate in 2020is $21.73 billion per year

Explanation:

The value of exports, t years after 2011 can be approximated by:

$V(t)=111.83 e^{0.088 t}$

(a)We want to estimate the value of the country's travel exports in 2018 and 2020.

Now, 2018-2011=7 years

Therefore, in 2018

$V(7)=111.83 e^{0.088 *7}\\=\$207.05$ billion$

Now, 2020-2011=9 years

Similarly, in 2020

$V(9)=111.83 e^{0.088 *9}\\=\$246.90$ billion$

(b)Growth rate

If $V(t)=111.83 e^{0.088 t}$ , then:

$V'(t)=111.83(0.088) e^{0.088 t}\\V'(t)=9.84104 e^{0.088 t}$

Growth rate in 2018 (at t=7)

$V'(7)=9.84104 e^{0.088*7}\\=\$18.22$ billion per year$

Growth rate in 2020 (at t=9)

$V'(9)=9.84104 e^{0.088*9}\\=\$21.73$ billion per year$

5 0

3 years ago

A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve rat

Iteru [2.4K]

Given:
Checkable deposit = $100 million
actual reserves = $12 million
required reserve ratio = 10%

100 million * 10% = 10 million
10 million - 12 million = 2 million excess reserves

D.) $2 million is the bank's excess reserves

3 0

4 years ago

The following events took place for Rushmore Biking Inc. during February, the first month of operations as a producer of road bi

Ainat [17]

Answer:

<u>Income statement for Rushmore Biking Inc. for the month ending February 28.</u>

Sales $910,000

Less Cost of Sales ($550,000)

Gross Profit $360,000

Less Expenses

Selling Expenses ($185,000)

Administrative Expenses ($90,000)

Net Income / (loss) $85,000

Explanation:

Perpetual inventory methods<em> keeps the record of inventory cost after every sale.</em>

Thus we were already given the costs associated with the sale of bikes (cost of sales) and there was thus no need to got the longer router of determining this amount using the manufacturing cost schedule.

5 0

4 years ago

Coles Company, Inc, makes and sells a single product, Product R. Three yards of Material K are needed to make one unit of Produc

mrs_skeptik [129]

Answer:

$40,970

Explanation:

The computation of the total cost of the material K is given below;

Material needed for August sales:

= 14,000 × 3

= 42,000

Desired ending inventory:

= 14,500 × 3 × 20%

= 8,700

Beginning inventory:

= 2,500

Now

Purchases in August:

= (42,000 + 8,700 - 2,500) × $0.85

= $40,970

7 0

3 years ago

Dietterich Electronics wants its shareholders to earn a return of 15% on their investment in the company. At what price would t

sattari [20]

Answer:

A.) $1.667

B.) $6.667

C.) $11.667

D.) $16.667

Explanation:

GIVEN ;

Rate of return(r) = 15% = 0.15

Calculate what the stock price should be today if:

A.) $0.25 constant annual dividend forever

Dividend = payment per period

Therefore,

Price = (payment per period ÷ rate)

Price = ($0.25 ÷ 0.15) = $1.667

B.)$1.00 constant annual dividend forever

Price = (payment per period ÷rate)

Price = ($1.00 ÷ 0.15) = $6.667

C.)$1.75 constant annual dividend forever

Price = (payment per period ÷rate)

Price =($1.75 ÷ 0.15) = $11.667

D.)$2.50 constant annual dividend forever

Price = (payment per period ÷rate)

Price = ($2.50 ÷ 0.15) = $16.67

6 0

3 years ago

Read 2 more answers