Answer:
The option that is not true about licencing is E) It involves slightly more risk to the licensee than licensor.
Explanation:
Licensing is a business arrangement in which one company gives another company permission to manufacture its product for a specified payment. Licensing generally involves allowing another company to use patents, trademarks, copyrights, designs, and other intellectual in exchange for a percentage of revenue or a fee.
Usually, It is the licensor that that bears more risk. For instance, unscrupulous licensees have been known to manufacture licensed products and sell them under different brand names in order to tamper with the royalty payable to the licensor.
The implications of this business loss is that $162,000 will be treated as the NOL carryforward to subsequent years.
<h3>What is the threshold limit of single in 2021?</h3>
From 2021 IRS, there is a threshold limit of $200,000 as defined by IRS for single.
Tim has an excess business loss = Business loss - Threshold
= $362,000 - $200,000
= $162,000
Tim may use $200,000 of the $362,000 LLC business loss to offset non business income.
Since the excess business loss is treated as the portion of the Tim's NOL carry forward, then, the excess business loss of $162,000 will be treated as the NOL carryforward to subsequent years.
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Answer:
The correct answer is A package trust deed.
Explanation:
A trust or trust (from the Latin fideicommissum, in turn from fides, "faith", and commissus, "commission") is a contract under which one or more persons (trustor / trustee / s) transfer assets, amounts of money or rights, present or future, of your property to another person (fiduciary, who may be a natural or legal person) to administer or invest the property for their own benefit or for the benefit of a third party, called beneficiary, and transmit your property, upon compliance with a term or condition, to the trustee, which may be the trustee, the beneficiary or another person.
At the time of the creation of the trust, neither party owns the property object of the trust. The trust is, therefore, a contract whereby a person allocates certain assets for a specific lawful purpose, entrusting the realization of that purpose to a fiduciary institution in all companies.
The assets affected by the trust do not run the commercial risk of the trustee (the one who transfers ownership of the assets) or the trustee (the owner of the trust assets after the expiration of the contract term), since the assets that are the object of the trust It cannot be prosecuted by the creditors of either of them, nor affected by the bankruptcy of both or any of them.
Answer:
Fayolism
Explanation:
Based on the information provided within the question it seems that the management of Mason Mills reflects the ideas and principles of Fayolism. This is a management theory developed by Henri Fayol, which states 14 principles explaining how management should communicate and lead their workers. Many of which state the importance of organization within the business in order for workers to know who to report to and keep everything running efficiently.
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