Answer:
Limited liability partnership (LLP) / limited liability company (LLC)
Explanation:
Limited liability partnership and limited liability companies work very similarly and their main characteristics are:
- they are separate legal entities, this means that their owners are separate from them.
- since they are separate legal entities, the owners have limited liability
- they are not taxed directly, they act as pass through entities and their owner's pay income taxes
- they both need to be incorporated by the state government as distinct legal entities
There is not enough information in this question to answer it. You cannot determine significance with just the alpha value. You need the actual test statistic (p-value) to determine this.
If the p-value is less than the alpha value, you reject the null hypothesis (the there is no difference).
Answer:
Effect on income= $9,600 increase
Explanation:
Giving the following formula:
Unitary contribution margin= $90
The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= increase in total contribution margin - increase in fixed costs
Effect on income= 190*90 - 7,500
Effect on income= 17,100 - 7,500
Effect on income= $9,600 increase
Interpretation is correct answer
