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faust18 [17]
3 years ago
9

Zack, Gavin and Breana were college friends who decided to go into business together as a party equipment rental service. The th

ree budding entrepreneurs formed as equal owners a Limited Liability Company (LLC) named "Parties R Us." The written operating agreement gave only Zack the authority to manage the business, hire and fire employees, and purchase equipment. Zach contributed to the LLC his knowledge in the party business (his family had owned a similar company), and Gavin and Breana each contributed $100,000 capital. Over the next year, Zack ran the business, but he did not consult with Gavin and Breana, and no meetings were held. When Gavin and Breana asked what was going on with the company, Zack said he was too busy to talk about it. At the end of the first year, despite Zack's best efforts, the LLC's cash was depleted and its liabilities significantly exceeded its assets. To make matters worse, a defective parties r us tent had collapsed Into a wedding group, causing serious injuries. One of the wedding guests, Margaret, sued the LLC and received a $500,000 judgement against them. Because the LLC cannot pay Margaret, is it likely that Zack, Gavin, and Breana will be held personally liable for the judgment?a. yes, because the LLC was the owners' "alter ego."b. yes, because the LLC was undercapitalized.c. no, because the LLC was an entity independent from its owners.d. yes, because they didn't follow LLC formalities, such as holding meetings.
Business
1 answer:
damaskus [11]3 years ago
8 0

Answer:

im not sure what the answer wold be but you woulkd if you actually did your own work but its b

Explanation:

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He people who promote innovations as part of the process of transmission are called? adopters. transmitters. innovators. entrepr
Alina [70]

The people who promote innovations as part of the process of transmission are called "Transmitters".

<h3>What do you mean by term Innovations?</h3>

An innovation refers to the action or process of changing/transforming something. It an be used to make a process more effective.

In business, innovation often results when ideas are applied by the company in order to further satisfy the needs and expectations of the customers.

Adding to it, the transmitters are those who are helpful in the process of transmission of something. Rest all options like A, C and D are incorrect.

Therefore, correct option is B.

Learn more about transmitters, refer to the link:

brainly.com/question/2084370

#SPJ4

6 0
1 year ago
Which of the following options is NOT a unique feature of​ e-commerce technology? A. The consumer is a participant in the proces
Blababa [14]

Answer:

<u>A. The consumer is a participant in the process of delivering products or services.</u>

Explanation:

  • As a  known fact the consumer is a part of the entire process and all of the e-commerce is surviving of the large consumer base and hence the delivery of the product to the home of the consumer is it a new or unique aspect of e-commerce.
  • Without the participation of the consumer, e-commerce has no competition in the marketplace while the rest are unique or global characteristics of the e-commerce industry.
3 0
3 years ago
If a firm has invested in corporate bonds, it may engage in a financial futures contract in order to protect itself from :______
tigry1 [53]

Answer:

b. rising interest rates.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (creditor or investor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time.

Generally, the bond issuer is expected to return the principal at maturity with an agreed upon interest to the bondholder, which is payable at fixed intervals.

The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.

In Economics, bonds could either be issued at discount or premium.

Generally, if a business firm has invested in corporate bonds, it may engage in a financial futures contract in order to protect itself from rising interest rates.

3 0
2 years ago
In terms of measuring and validating supply savings: Group of answer choices static markets, technologies, and volumes facilitat
andreyandreev [35.5K]

It should be noted that in terms of measuring and validating supply savings, in many cases there is an inability to convert savings into profit.

It should be noted that an accurate measurement of cost savings is easier said than done in the supply chain. Despite this, learning how to address the measurement is vital for the competitiveness of a company.

Therefore, in terms of measuring and validating supply savings, in many cases there is an inability to convert savings into profit. Addressing the measurement and reporting the challenges is vital for the profitability of a business.

Learn more about supply on:

brainly.com/question/11898489

3 0
2 years ago
Playtime Park competes with Zip World by providing a variety of rides. Playtime Park sells tickets at $ 60 per person as a​ one-
Lubov Fominskaja [6]

Answer:

degree of operating leverage 6.04

Income if sales increase by 10%: 72,180

Explanation:

degree of operating leverage:

\frac{contribution}{profit}

contribution per ticket

60 sales price - 24 variable cost = 36 dollars

36 x 7,550 = 271,800 total contribution

fixed cost   (226,800)

profit             45,000

\frac{271,800}{45,000}

degree of operating leverage: 6.04

the sales have a multiplier effect of 6.04

a 10 percent increase on sales translates to 60.4 percent in the net operating income:

income with a 10% sales:

45,000 x ( 1  + 60.4%) = 72.180

5 0
3 years ago
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