Answer:
Partnership Business
Explanation:
Partnership business is a business enterprise owned, managed and financed by a minimum of two individuals for the purpose of making profit.
Grub Galore is owned by Bob and Rob which makes it a partnership business.
Advantages
1) Profit is shared by partners only.
2) It is financed by more than one person which makes capital more available.
3) Decision making is faster company to limited liability companies
Disadvantages
1) Loss is shared among partners only.
2) Death of one partner might lead to the end of the business.
3) Disagreement between partners might end the business.
Answer:
net income = $41752
so correct option is A. $41,752
Explanation:
given data
sales price = $481,600
costs price = $379,700
depreciation expense = $32,100
interest paid = $8,400
The tax rate = 32%
to find out
net income did the firm earn for the period
solution
we get here net income that earn for the period is express as
net income = ( sales price - costs price - depreciation expense - interest paid ) × ( 1 - tax rate ) ......................... 1
put here value we get
net income = ( $481,600 - $379,700 - $32,100 - $8,400 ) × ( 1 - 32% )
net income = $41752
so correct option is A. $41,752
Answer:
A) 40
Explanation:
The chart is not very clear, but the information included is:
- it takes four hours to produce one shirt
- it takes two hours to produce one pair of socks
If the total number of labor hours is 80, then the maximum number of socks produced will = 80 hours / 2 hours per pair of socks = 40 pairs of socks
The total number of shirts produced would be 20.
already answered this question for you in a previous post.
