Answer:
<em>c. limited partner.</em>
Explanation:
<em>In the presented scenario, Logan Nettles should become a</em> <u>limited partner</u>.
Limited partner is the partnership in which one limited partner is been required compulsory. This is slightly different from general partnership. In this profit of the business is limited and the debt and dis-advantage on the amount of investment is also limited.
So we can see that Logan is also concerned about his disadvantage which is known as liability.
Answer:
$3,700
Explanation:
Given that
Adjusted gross income for the year 2019 = $415,300
Children ages = 4, 7, and 18 as dependents
Based on the given information, Russ and Linda's total child and other dependent credit for the year 2019 is
= (Maximum amount per qualifying child + non-refundable tax credit) - (deductible amount × age)
= ($2,000 × 2 + $500) - ($50 × 16)
= $4,500 - $800
= $3,700
After $400,000 the $50 is decreased for each and every $1,000
Answer:
B. accounting profit = economic profit + implicit costs
Explanation:
Implicit cost are the cost that already incurred but is not necessary to report such as opportunity cost. Whereas explicit cost are those expenses which involve the financial transaction and it is being paid.
Accounting profit is calculated by deducting the explicit cost from the revenue as follow.
* Accounting Profit = Revenue - Explicit cost
Economic profit is calculated by deducting both explicit and implicit costs from revenue.
Economic Profit = Revenue - Explicit costs - Implicit cost
So, using Accounting profit formula we conclude that
Economic Profit = (Revenue - Explicit costs) - Implicit cost
Economic Profit = *Accounting profit - Implicit costs
Accounting Profit = Economic profit + implicit cost
Answer:
Four ways in which china was affected by thriving trade during the yuan dynasty are:
- Sea trade developed under the Mongols.
- Skills and information from china spread through other parts of the world.
- A more accurate calender been used.
- They started using better astronomical instruments.
Explanation:
Yuan Dynasty was establised by mongols in the early 13 centuries. It was ruled by Kublai Khan. It was first forgein led dynasty in the ancient China. Yuan danasty have open door policy, where forgeiners were allowed to travel freely in China without paying any taxes. They have introduced the first paper currency.
Answer:
b. A term loan
Explanation:
A term loan is a type of loan that has a series of fixed payments with an interest rate, which can also be fixed, or unfixed.
The word fixed payment means that the payments have a specific date in which to be made.
In this case, Timini Inc is using a term loan to finance its operation because the bank mandates Timini Inc to return the borrowed amount with a regular schedule of fixed payments.
