Which of the following is a function of a commercial bank? *

Emma Pebble and Chase Stone formed a partnership in a landscape business. Under their arrangement, Emma actively manages the com

Elena L [17]

Answer:True

Explanation:A limited partnership is a form of partnership business between two or more patners in which the major partner which is the general patner has controllable interests in the running of the business and making the managerial decision while the other partner(s),which is the limited partner has only a limited liability equating to the amount invested by him/her.But in the case of the general partner,he/she has unlimited liability of the business debt.Also,the limited partner(s) core&only objective is just about making profit/returns of his/her own initial investment.

So in the case of Emma Pebble and Chase Stone,Emma is the general partner who actively takes part in the running of the business,thus bearing the major risks&liablities,while Chase is the limited partner whose only interest is to partake in profits from his initial investment.

8 0

3 years ago

A government issued general obligation bonds to finance the construction of a new fire station. In the current year, the governm

Crank

Answer: The correct answer is "Interest expenses of the governmental activities.".

Explanation: This amount will be reported on the government-wide statement of activities as interest expenses of the governmental activities <u>since it corresponds to interest expenses paid for the issuance of debt to finance government activities.</u>

3 0

3 years ago

John wants his assessment reduced by 30% since his property is located next to a power plant. The SCAR hearing officer granted J

Ray Of Light [21]

Answer:

John must first complete a process that starts with Form RP-524. Since the problem states that he already had a SCAR hearing, the only option left is the Tax Certiorari Proceeding which is a legal lawsuit filed in the New York State Supreme Court.

Explanation:

The compete process is as follows:

John must first file a grievance form, if he lives outside of New York City and Nassau County, he can use Form RP-524 "Complaint on Real Property Assessment" and file it with the assessor or the board of assessment review (BAR) in John's city. New York City residents and Nassau Country residents must contact directly their tax or review commissions by telephone. The grievance forms must be filed before Grievance Day in John's city (it varies depending on the city).

Then John will have to appear before the BAR and present his claim. The BAR is made up of 5 members and it cannot include the assessor or any member from the assessor's office.

If the BAR's decision doesn't satisfy John, then he can proceed with a Small Claims Assessment Review (SCAR). Since John was granted only a 20% reduction by the SCAR hearing officer, the only option left is the Tax Certiorari Proceeding which is a legal lawsuit filed in the New York State Supreme Court.

5 0

3 years ago

At Jacobson Company, indirect labor is a variable cost that varies with direct labor-hours. Last month's performance report show

Vlada [557]

Answer:

B) $0.25

Explanation:

Jacobson Company

Given

Actual indirect labor cost $5,780

Spending variance $245 F

Actual Direct labor-hours 24,100

Formula

Spending Variance = Flexible Budget- Actual Results

<u>Working</u>

Spending Variance = Flexible Budget- Actual Results

Spending Variance = Indirect Labor Cost per direct labor hour - Actual Results

$245 F =Indirect Labor Cost (per direct labor-hour) *24,100 - $5,780

Indirect Labor Cost*24,100 = 245+ 5780

Indirect Labor Cost * 24,100 = $6,025

Indirect Labor Cost = $6,025 /24,100

Indirect Labor Cost per direct labor-hour= $0.25

6 0

2 years ago

Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartme

LenaWriter [7]

Answer:

She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.

Explanation:

I hope this helped have a great day!

5 0

3 years ago