Answer:
The company's net operating income for May is $7,930
Explanation:
Sales revenue = $97,000
Variable costs
= $97,000 × (1 - 70%)
= $97,000 × 0.69
= $66,930
Fixed costs = $38,000
Therefore, net operating income = Sales - revenue - variable cost - fixed cost
= $97,000 - $66,930 - $38,000
= $7,930
Answer:
The answer is Limited liability partnership (LLP)
Explanation:
A LLP is a form of partnership where the majority of all partners have limited liabilities. A LLP possesses the characteristics of both a corporation and a partnership. Each partner in a LLP is not liable for negligence or misconduct of another partner. In the event of business failure, the personal properties of partners in a LLP are protected against legal action. Moreover, taxation of partners’ earnings in a LLP is done only once, that is, on the firm’s profit.
Just place the points where it says to
Jim is analyzing the <u>prospectus </u>through which he learns about the potential for profits, the risk involved, and the capital that is needed to become a shareholder of a company.
<h3>What is the significance of the prospectus?</h3>
It is crucial for an investor to get as a good deal of data as feasible approximately a funding earlier than placing your money into any company. One of the files provided through many businesses is the <u>prospectus. </u>
The prospectus presents you with data approximately the funding and allows you're making a knowledgeable choice as an investor.
Therefore, Jim is analyzing the <u>prospectus </u>through which he learns about the potential for profits, the risk involved, and the capital that is needed to become a shareholder of a company.
Learn more about <u>the prospectus:</u>
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Given that <span>Al
contracted to sell his house to bev. subsequently, they both changed
their minds and agreed to cancel the contract.
The contract between al
and bev is discharged by rescission.</span>
