The main difference between a general partnership and a limited partnership is that "<span>A general partnership has unlimited liability for all partners while a limited partnership has limited liability." In addition, the liability of the personal assets in a general partnership is its obligation.</span>
Answer:
Spending variance $100 unfavorable
Explanation:
The spending variance is the difference between the standard cost allowed for the actual activity and the actual cost of the activity
$
Standard cost allowed for the actual activity
=7,850 + (402×203) + (952×112)= 196,080
Actual cost <u>196,180</u>
Spending variance <u> 100</u> unfavorable
Answer:
committed the fallacy of avoiding the issue.
Explanation:
The fallacy of avoiding the issue is also called the fallacy of irelevant conclusion or a red herring.
It occurs when an individual avoids dealing with an issue that he has a problem with.
In the given scenario the issue is whether bluegrass is better than Alfa Alfa for cattle in the Midwest.
Instead of Juan to address the issue he is arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill.
He is not addressing the main issue
Answer:
It will be used using the Equivalent unit cost
$2.27
Explanation:
Period Cost / Equivalent Unit = Equivalent Unit Cost
16,800/7,400 = 2.27027 Equivalent Unit Cost
Answer:
$3.12
Explanation:
For expansion:
EBT = EBIT - Interest
= [6,000 + (30% × 6,000)] - $0
= $7,800
Net income = EBT - Tax
= $7,800 - $0
= $7,800
Earning per share for the case of strong expansion period before any debt is issued:
= Net income ÷ Number of shares outstanding
= $7,800 ÷ 2,500
= $3.12
