Answer:
The correct answer is letter "B": The business name must include the phrase Limited Liability Partnership or an abbreviation of the phrase, and the parties must file a form with the secretary of the state.
Explanation:
A Limited Liability Partnership or LLP is the type of business structure where partners are only liable for what they contribute to the firm. This implies if the firm goes into bankruptcy, the personal assets of the partners are not subject to liability. Under this type of partnership, the business name must include at least its abbreviation (LLP) and when setting up the firm, a letter to the secretary of state must be addressed informing about the creation of the new entity and its core purposes.
Answer:
This policy would likely make Doomsville's recession worse.
Explanation:
Hope this helps, Have a great morning/night! :D
Answer:
If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.
Explanation:
The dividend is shown while preparing the retained earning statement. So, it does not affect the net income.
The highly liquid marketable securities does not show a decline in the current assets
If the long term bonds are issued to purchase fixed assets it would show under the long term liabilities and the long term assets rather than the current assets and the current liabilities
Account receivable are reported in the current assets rather than the current liabilities
We know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
If the dividend amount is more than the net income so the ending balance of retained earning will decline than its beginning year balance.
Answer:
The amount to deposited = $1,538,461.54
Explanation:
<em>A fund that pays a fixed amount for forever is an example of a perpetuity. Hence, the amount to be deposited today is the present value of the perpetuity.</em>
This given below as follows:
PV = A × 1/r
PV - present value of perpetuity
r- Interest rate = 6.5%. A- annual cash flow - 100,000
PV = 100,000 × 1/0.065= 1,538,461.54
The amount to deposited = $1,538,461.54
Answer:
a. U.S. wages will be higher than U.K. wages.
Explanation:
Wages, which are the factor price for labor, depend on the marginal productivity of labor.
In other words, workers are paid in proportion to the amount of additional output they produce.
In this case, the marginal productivity of a U.S. worker (10 tons of steel, or 20 tons of chemicals) is higher than the marginal productivity of an U.K. worker (5 tons of steel or 15 tons of chemicals), for this reason, the U.S. worker will be paid more than the U.K. worker.
