Answer:
The answer is: Angelica and Celeste lose their personal assets as the result of their company's financial problems.
Explanation:
The advantages of a general partnership are:
- Each partner files the profits or losses of the business on his or her own personal income tax return.
- This way the business does not get taxed separately.
- Easy to establish.
Some of the disadvantages are:
- <u>Partners share unlimited personal liability with respect to debts, obligations, contracts, torts, potential lawsuits, etc. </u>
- A partner cannot transfer interest in the partnership without the unanimous consent of the partners.
Answer:
Option 2 should be selected
Explanation:
Using a rational approach which option most benefit and have a minimum cost. We will use the break-even level here to decide which option should be selected.
Option 1
Price per call = $30
Variable cost per call = $18
Contribution = Sales - Variable cost = $30 - $18 = $12
Fixed Cost = $15,000
Break-even point = Fixed cost / Contribution per call = $15,000 / $12 = 1,250 calls
Option 2
Price per call = $30
Variable cost per call = $18 + ( $30 x 10% ) = $18 + $3 = $21
Contribution = Sales - Variable cost = $30 - $21 = $9
Fixed Cost = $9,000
Break-even point = Fixed cost / Contribution per call = $9,000 / $9 = 1,000 calls
Difference = 1,250 calls - 1,000 calls = 250 calls
Option 2 is better option because it take 250 less calls to reach at break-even in the month. It should be selected.
Karen split her commission 50-50 with her broker.
Therefore she is left with:
Karen’s commission = $3,522.75 * 0.5 = $1,761.375
Karen’s broker received 55% of the total commission.
Therefore Karen must only be receiving 45% of the total commission. The total
commission must be then:
Total commission = $1,761.375 / 0.45 = $3,914.17
On a rate of 7%, the sale price of the property must be:
Sale price = $3,914.17 / 0.07
<span>Sale price = $55,917</span>
The decision that must the government of a country make and choose between increasing military spending and subsidizing wheat farmers is an example of <span>a guns or butter issue.
</span>The phrase "guns or butter" refers and explains the relationship between two goods that are important for a nation's economic growth. I<span>ncreasing military spending and subsidizing wheat farmers are both important.</span>
<span>These financial organizations try so hard to capture student business because they know that when the time comes that they will decide into entering a business, they are the most valuable and efficient customers because they are still young. Credit cards that are offered to them, when used, have usually lower limits and so it is still safe.</span>