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AlekseyPX
3 years ago
5

Businesses can be classified into the following forms: sole proprietorship, partnership, corporation, limited liability company

(LLC), and limited liability partnership (LLP). Different forms of businesses have different characteristics. Which of the following characteristics would apply to a partnership?
a) Subject to unlimited personal liability
b) Income is allocated on a pro rata basis
c) Can easily raise large amounts of capital
d) Taxed at individual level
e) Chartered by a state and is its own legal entity separate and distinct from its owners and managers
f) Legal arrangement between two or more people
Business
1 answer:
algol [13]3 years ago
8 0

Answer:

b) Income is allocated on a pro rata basis

Explanation:

A partnership is an agreement between two or more people to oversee a business and share in the profit and losses made by the business.

In a partnership when income comes in it is shared.on a pro rata basis.

This means income is given based on the level of ownership of the business.

For example a partner that has 60% ownership of the partnership is expected to collect 60% of the business income.

Pro rata is also called proportional rate.

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Ramort Company reports the following cost data for its single product. The company regularly sells 21,500 units of its product a
Fittoniya [83]

Answer:

Gross margin= $744,760

Explanation:

<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 52,900 / 21,500= $2.46

Total unitary production cost= 10.3 + 12.3 + 3.3 + 2.46= $28.36

<u>Now, the gross margin:</u>

Gross margin= sales - COGS

Gross margin= 21,500*63 - 21,500*(28.36)

Gross margin= $744,760

7 0
2 years ago
A(n) _____ typically addresses contributions to government officials and political parties, customer and supplier relations, con
tekilochka [14]

Answer: Code of ethics

Explanation:

The code of ethics is one of the principle in an organization that helps in guiding the various types of core values and the standards of the firm for making the various types of decisions.

The main purpose of the code of ethics is that it helps in providing the various types of ethical guideline to the members of a organization for providing the various types of core values. It is one of the type of document that helps in outline the main mission and also the core values of an organization.  

 According to the given question, the code of ethics is typically addressing the contribution to the various types of government officials, record the customers and the supplier relations accurately.

 Therefore, Code of ethics is the correct answer.            

3 0
3 years ago
You're welcome. As a first step, our team analyzed the other potential primary contenders. The reality is that with such a stron
SCORPION-xisa [38]

Below is the complete question:

CANDIDATE: Thank you for agreeing to conduct some research to assess my potential as a candidate in the upcoming election.

CONSULTANT: You're welcome. As a first step, our team analyzed the other potential primary contenders. The reality is that with such a strong field, it is going to be difficult to gain the _______ of votes necessary to avoid a runoff unless you want to go negative from the start.

Answer:

Majority

Explanation:

The reality is that with such a strong field, it is going to be difficult to gain the MAJORITY of votes necessary to avoid a runoff unless you want to go negative from the start.

8 0
3 years ago
The ppi includes the prices of capital goods?
meriva
100 percent true.
there is the answer
7 0
3 years ago
Read 2 more answers
Consider the following list of accounts: Cash Retained Earnings Service Revenue Utilities Expense Salaries Expense Accounts Rece
MAVERICK [17]

Answer:

Cash, account receivable, equipment, utilities expenses, salaries expense

Explanation:

Normally, the asset and expense accounts have debit balances while the liabilities, equity, revenue and other income accounts have credit balances.

In the given list of account:

Cash, account receivable, equipment belong to asset accounts, therefore will have normal debit balance.

Utilities expenses, salaries expense belong to expense accounts, therefore will have normal debit balance.

Remaining items in a given list will have normal credit balance.

4 0
3 years ago
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