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anastassius [24]
3 years ago
15

Read the Blumberg v. Ambrose case that begins on page 597 of the text (Chapter 17). Respond to the following questions: If an LL

C was created, how is this case about the formulation of a partnership
Business
1 answer:
vampirchik [111]3 years ago
7 0

Answer:

both persons worked together to create and monetize campDoc without compensation. Also at the part where percentage of equity ownership was discussed, Ambrose referred to blumberg as a co-founder

Explanation:

From this case, there was a formulation of a partnership. Both ambrose and blumberg had discussed how to maintain medical records digitally so as to reduce the amount of paperwork. Both persons collaborated and did so eventually. Blumberg was involved in testing and marketing the program while Ambrose was in charge of administrative affairs. Problems arose when Ambrose filed campDoc as a limited liability company with himself as the sole owner.

An LLC gives a business option where the business owner has owners liability protection against debt and also company action. This is a risk reducing option.

Partnership has two or more people coming together to start or run a business. The partners have complete liability.

A partnership was formed as both persons worked together to create and monetize campDoc without compensation. Also at the part where percentage of equity ownership was discussed, Ambrose referred to blumberg as a co-founder.

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Economies of scale and intra-industry trade combine to produce ________. group of answer choices
Nikolay [14]

Economies of scale and intra-industry trade combine to produce variety for customers.

Industry (Economy), broadly classified

Industry (Manufacturing), a specific industry, usually in a factory with machinery. A broader industrial sector of the economy that includes the manufacture and production of other intermediate or final products.

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3 0
2 years ago
John's monthly paycheck consists of $4000 plus a 9% commission on all of his sales. during one month, john earned $11,650. what
Slav-nsk [51]
The first thing you should do for this case is write an equation that allows you to find John's sales during the month.
 Let
 x = amount of money in sales.
 The equation is:
 4000 + 0.09x = 11650
 Clearing x we have:
 0.09x = 11650-4000
 x = (11650-4000) / (0.09)
 x = $ 85,000
 answer:
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5 0
3 years ago
A sale transaction closes on April 1, the ninety-first day of the tax year. The day of closing belongs to the seller. Real estat
zysi [14]

Answer:

$785.34

Explanation:

The computation of the seller's share of the tax bill is shown below:

= Expected estate taxes for the year × number of days of the tax year ÷ total number of days in a year

= $31,50 × 91 days ÷ 365 days

= $785.34

We simply applied the proportionate method so that the approximate value could be arrived by taking all the information which is mentioned in the question.

3 0
3 years ago
Adams Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales
vagabundo [1.1K]

Answer:

Expected contribution as per sales mix = $37*0.60 + $50*0.40

= $22.20 + $20

= $42.20 per unit

Total number of products in total at break even point = Total fixed cost / Contribution per unit

= $227,880 / $42.20 per unit

= 5,400 units

How many units each of Super and Supreme must Adams sell to break even?

<u>According to sales mix:</u>

Super = 5,400 * 60% = 3,240 units

Supreme = 5,400 * 40% = 2,160 units.

3 0
3 years ago
What are the 3 psychological states reviewed in class that may improve engagement in the workplace?
Masteriza [31]

Answer:

Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.

3 0
2 years ago
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