Answer: Limited liability company
Explanation:
In such a structure the owners and the firm are considered separate. The owners in a LLC could not be held personally liable for the debts and liabilities of their company.
The companies have the limited liability feature of the corporations while the profit distribution method depicts partnership structure.
In the given case, Toby and Keith wants to distribute profit among them and also do not want to raise any outside capital. Also they want limited liability in their organisation.
Hence a Limited liability company is an appropriate choice for them.
Answer: Global citizens
Explanation:
Global citizens tend to gravitate towards foreign goods because they believe them to be of better quality. Gigi here likes global goods because Gigi believes that if a company can be successful on a global scale, they must have better quality.
Global citizens however care about the working conditions of the employees of the people producing these goods as well as our responsibility to the environment. They believe that companies should pursue Corporate Social Responsibility to ensure that workers are treated well and the company introduces policies to help the environment.
The statement that is true here is:
c.
Max has made a counter-offer.
Explanation:
Max here is giving another offer on the above of the offer that is given by Allie the travel agent.
He is trying to bargain himself into a better position in the deal and then to seal it as he can see an obvious profit in the game.
Thus, this counter deal that is offered puts both parties in a situation of advantage and either of the two can make things final or obstruct the deal spending on if they would want this deal to take place on the given terms or would want better terms.
I'm using examples to explain. Imagine you live in Korea and your job location is in Japan. In order to balance work and life, you will be flying back and forth to visit your family and to work. Not only will it be tiring, you are wasting a lot of time on travelling and also wasting money on transport. Find a location nearer to your home can have pros and cons but you will be able to rest earlier when you live near your job location. You wouldn't want to sleep in the train/bus/car/taxi/plane . You might prefer to sleep at home than in public places right?
Answer:
<u> B) Cash inflow from operating activities was $1,000.</u>
<u>Explanation:</u>
The first statement is true because we notice the Total assets actually increased by $1,000 when we subtract Cash Revenue - Cash Expenses ($3200 - $1350 - $850 =$1000. The same is true for all the other options except for option B<u> because the cash inflow from operating activities wasn't mentioned.</u>