Each general partner in a limited partnership has personal liability
<h3>
What is personal liability?</h3>
Personal liability insurance, often known as "comprehensive personal liability (CPL) insurance," is a part of a homeowners insurance or umbrella insurance policy that guards you and members of your household against claims stemming from injuries and damage to other people's property. It protects you from having to pay hefty sums out of pocket if you are found to be accountable for something bad that occurs to a third party.
Your personal liability insurance protects you from lawsuits stemming from injury to others and property damage.
Personal liability insurance is available independently, even though it is frequently included in a homes policy.
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If a stock currently sells for $49. tThe amount of the dividend that was just paid is $1.77.
A inventory is a fashionable term used to describe the ownership certificate of any business enterprise. A percentage, on the other hand, refers to the inventory certificate of a selected organization. maintaining a particular organization's percentage makes you a shareholder.
A coins dividend is the distribution of budget or cash paid to stockholders generally as a part of the employer's present day income or accrued income. cash dividends are paid at once in money, as opposed to being paid as a inventory dividend or other form of cost.
Dividend yield=Annual Dividend next year/Current price
Annual Dividend next year=(49*3.8%)=$1.862
Hene, the dividend just paid = Annual Dividend next year * Present value of discounting factor( 5.1%, time period)
⇒$1.862/1.051
⇒$1.77 (Approx)
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The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.
The initial deposit might have a higher purchasing power because of inflation.
When money is deposited in a savings account, the amount of money earns interest.
The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)
Interest earned = $$5,306.04 - $5,000 = $306.04
Interest rate = $306.04 / (3 x $5000) = 2.04%
Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.
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Answer:
Cost of goods sold to be reported in consolidated financial statement = $1,000,000
Explanation:
Whenever there is 100% or more than 50% holding in a company, then equity method is followed under which all of the items are to be consolidated, but in case where there are inter transfers that is transfer from holding to subsidiary or vice-versa then such transactions, profit not realized is to be eliminated.
In case where inventory is transferred to subsidiary after adding profit by holding company, then in case if that inventory is sold to third party by year end then entire profit is recognized even the profit added by holding to cost of goods sold to subsidiary.
Where in case such inventory is not sold further by subsidiary to third party and is still held in the stock then such profit added on sale by holding to subsidiary is eliminated.
In our case the entire inventory is sold to third party by the year end.
Therefore, entire profit will be recognized and cost of goods sold to be shown in consolidated financial statements = $600,000 + $400,000 = $1,000,000.
Answer:
total value of ending WIP inventory: 8,400
Explanation:
unit material cost: 5.00 dollar
ending work in proces inventory
materials equivalent units:
1,500 x 100% = 1,500
as the mateirals are added entire at the beginning of the process:
material cost: 1,500 x 5 = 7,500
conversion
1,500 x 20% = 300
300 x 3.00 = 900
total value of ending WIP inventory:
materials 7,500
conversion 900
total 8,400
