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Yuri [45]
2 years ago
12

The Parvizians own several oriental rug stores in and around the Washington, DC, metropolitan area. It is expected that as each

of the brothers have children they will grow up and take part in the business too. The members of the family are considered__________ a. sole proprietors b. partners c. private investors d. employee owners
Business
1 answer:
Alex777 [14]2 years ago
6 0

Answer:

The correct answer is (b)

Explanation:

It is generally said that if you’re in a family business you are in a partnership. The partvizians is a family which owns several rug stores. When their children will take over the business they will be considered partners. They will own the business equally and they will share the profits and losses.  It is also known as a family-owned business where two or more family members run a business and act as business partners.

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A firm with concentrated ownership is a partnership, never a corporation. may enjoy more accounting transparency than firms with
Zina [86]

Answer:

may give rise to conflicts of interest between dominant shareholders and small outside shareholders.

Explanation:

Concentration of ownership of a firm occurs when only a person or a few individuals own large portions of the company.

Decision making on important aspects of the business are taken by these circle of people.

Concentrated ownership is an internal governance system where the majority owners have high degree of control on how the business operates.

This leads to conflict between the major owners and other small shareholders. The small shareholders may feel left out in decisions concerning the business.

4 0
2 years ago
Should gambling casinos advance credit to gamblers
JulsSmile [24]
<span>If the gambler does not pay the marker when he has finished gambling, the marker is outstanding and the casino may later submit the marker, like a check, to the gambler's bank for payment.

So no</span>
4 0
2 years ago
The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $26,800. If these calcu
solong [7]

Answer:

b. $8,800

Explanation:

<u>Alternative 1</u>

Cost of calculators with upgrade = $26,800 + $10,000 = $36,800

Selling Price of Calculators after upgrade =$30,000

Loss on selling after upgrade = $36,800-$30,000 =$6,800 loss

<u>Alternative 2</u>

Selling price of calculators without upgrade = $11,200  

Loss on selling without upgrade = $26,800 - $11,200 = $15,600

Therefor, it is advisable to upgrade the calculators because Tolar Corporation would incur loss of only $6,800 after the upgrade. If it does not upgrade, it will incur a loss of $15,600.

If Tolar Corporation went for the upgrade, it will have a financial advantage of $8,800 ($15,600-$6,800)

4 0
2 years ago
Falmouth Corporation's debt to equity ratio is 0.6. Current liabilities are $120,000, long term liabilities are $360,000, and wo
Digiron [165]

Answer:

$1,280,000        

Explanation:

We know that

Debt to equity ratio = Debt ÷ total equity

0.6 = $360,000 + $120,000 ÷ total equity

0.6 = $480,000 ÷ total equity

So, the total equity = $800,000

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

                    = $480,000 + $800,000

                    = $1,280,000

8 0
2 years ago
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total
romanna [79]

Answer:

$30,000 excess

Explanation:

Beginning cash balance + Budgeted receipts - Budgeted disbursements + excess/deficiency = desired ending balance

$18,000 + $175,000 - $174,000 + $X = $49,000

$19,000 + $X                                       = $49,000

$X                                                         = $49,000 - $19,000

$X                                                         = $30,000

5 0
2 years ago
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