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Reil [10]
2 years ago
7

There are 20 owners for McJellies, Inc. None of those owners are personally financially liable for the company. What type of bus

iness is this?
- Sole Proprietorship
- Corporation
- Partnership
Business
1 answer:
SVEN [57.7K]2 years ago
6 0

Answer:

- Corporation

Explanation:

At least two people are required to form a corporation. The owners of a corporation are treated as separate entities from the business. The owners, also known as shareholders, enjoy limited liabilities to the debts of the corporation. In case of a liquidation, they cannot lose more than their capital contribution.

A sole proprietorship is owned by one person, but a partnership requires at least two people to form. The owners of sole proprietorships and partnerships have unlimited liabilities to the debts of their businesses. Should the businesses fail in meeting their obligations, owners' personal assets can be used to settle the outstanding debts.

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Arlington Town uses an Internal Service Fund to account for its motor pool activities. Based on the following information, calcu
sergij07 [2.7K]

Solution :

The price per trip is given as $=\frac{\text{total cost}}{\text{No. of trips}}$

The number of trips is given as = 800

The total cost calculations are as follows :

Particulars                                             Amount            Calculations

Annual cost for automobile van             $ 18,000           $\frac{45000 \times 2}{5}$

Cost of driver salary                               $ 80,000        45000 + 35000

Cost of fringe benefits                           $ 24,000         80000 x 30%

Cost of insurance                                  $ 2,000                 \frac{6000}{3 \text{ years}}

Fuel and maintenance                           $ 8,000

Total cost                                              $ 132,000.00

Therefore the price per trip $=\frac{\$ 132,000}{800 \text{ trips}}$

                                          $= \$ 165 \text{ per trip}$

5 0
2 years ago
What explanations have economists offered for why firms​ don't raise prices when doing so would seem to increase​ profits? Firms
motikmotik

Answer: To keep the customer base

Explanation: The consumers find it unfair when the firms increase their prices continuously even though there was an increase in demand from the last increase in price.

Although, Customers do not mind when the prices are increased due to an increase in cost to the supplier. Therefore,unnecessary increase in price might result in loss of popularity of the product and further the loss of customer base.

That's the reason why firms do not increase their prices even though it will increase their profits.

8 0
3 years ago
A stock that sold for ​$ per share at the beginning of the year was selling for ​$ at the end of the year. If the stock paid a d
Anestetic [448]

Answer:

137.77%

Explanation:

obviously the numbers are missing, so I looked for a similar question:

"A stock that sold for ​$26 per share at the beginning of the year was selling for ​$52 at the end of the year. If the stock paid a dividend of ​$9.82 per​ share, what is the simple interest rate on the investment in this​ stock? Consider the interest to be the increase in value plus the dividend."

  • total interest received (your gain) = (year end market value - purchase price) + dividends received = ($52 - $26) + $9.82 = $35.82
  • initial investment (purchase price) = $26

simple interest rate of return on investment = total interest received / initial investment = $35.82 / $26 = 1.3777 or 137.77%

7 0
3 years ago
On september 12, vander company sold merchandise in the amount of $5,800 to jepson company, with credit terms of 2/10, n/30. the
kirill115 [55]
Dang I used to know this but I completely forgot I will try to answer if it comes back to me
7 0
3 years ago
Read 2 more answers
The type of cover letter written to request assistance and support from the author’s job network:
Fittoniya [83]

There are five general types of cover letters:

<span>1.      </span>Application Letter - to apply for a specific job opening

<span>2.      </span>Referral Cover Letter - mentions the name of a person who has referred you to a job

<span>3.      </span>Letter of Interest - <span> a prospecting letter, inquires about possible job openings </span>

<span>4.      </span>Networking Letter-<span> request job search advice and assistance (sample networking letters)</span>

<span>5.      </span>Value Proposition Letter - a brief statement explaining what makes the candidate unique

<span>If you are to request assistance and support from a job network, therefore, you must use the networking letter type of cover letter.</span>

3 0
3 years ago
Read 2 more answers
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