A manager of a cost center is evaluated on the basis of how well costs are controlled
O True O False
Profit centers are established if the responsible manager can influence bot"costs and revenues
O True O False

Answers

Answer 1

True, profit centers are established if the responsible manager can influence both costs and revenues. a manager of a cost center is evaluated on the basis of how well costs are controlled.
The answer to the first question is True. The manager of a cost center is responsible for controlling costs and is evaluated based on how well they are able to do so.

The answer to the second question is True. Profit centers are established for managers who have the ability to influence both costs and revenues, and they are evaluated based on their ability to generate profits for the organization. True, a manager of a cost center is evaluated on the basis of how well costs are controlled.

To know more about cost center visit:-

https://brainly.com/question/29997816
#SPJ11


Related Questions

Expenditures which do not add to the value or prolong the life of property may be expensed in the year in which they are incurred.
True
False

Answers

The statement "Expenditures which do not add to the value or prolong the life of property may be expensed in the year in which they are incurred" is actually false.

Such expenditures are considered as operating expenses and are not capitalized as assets. Capitalization of an expenditure means that it is recorded as an asset on the balance sheet and is depreciated over time.

On the other hand, expensing an expenditure means that it is immediately recorded as an expense on the income statement. Therefore, expenditures that do not add to the value or prolong the life of property are usually expensed in the same period in which they are incurred, rather than being capitalized as assets.

To know more about Expenditures,refer to the link:

https://brainly.com/question/31497984#

#SPJ11

when a market is at equilibrium, responses a both producers and consumers are satisfied with the quantity traded.both producers and consumers are satisfied with the quantity traded. b neither consumers nor producers are satisfied with the quantity traded.neither consumers nor producers are satisfied with the quantity traded. c sellers are willing to sell more than consumers are willing to buy.sellers are willing to sell more than consumers are willing to buy. d sellers are willing to sell less than consumers are willing to buy.

Answers

When a market is at equilibrium, both producers and consumers are satisfied with the quantity traded. The correct answer is A.

When a market is at equilibrium, it means that the quantity demanded by consumers is equal to the quantity supplied by producers. At this point, neither producers nor consumers have an incentive to change their behavior because they are satisfied with the quantity traded.

In an equilibrium situation, producers are able to sell all the goods they want at the prevailing market price, and consumers are able to purchase all the goods they desire at the same price. There is a balance between supply and demand, resulting in a state of satisfaction for both parties.

Option A accurately describes the situation at equilibrium, where both producers and consumers are content with the quantity traded. The equilibrium price and quantity reflect the market's ability to match supply and demand, ensuring that all participants are satisfied. Hence, the right option is A.

To know more about equilibrium, refer here:
https://brainly.com/question/32007482
#SPJ11

which one of these is correct?multiple choice question.market risk is another name for total risk.market risk

Answers

The correct option is "market risk is another name for total risk."

This statement implies that market risk is a component of total risk, which also includes other types of risks such as credit risk and operational risk. Market risk refers to the potential for losses due to fluctuations in the value of financial instruments caused by changes in market conditions.
Market risk is another name for total risk.

Market risk refers to the possibility of losses resulting from changes in the value of financial instruments due to fluctuations in market conditions such as interest rates, currency exchange rates, stock prices, and commodity prices. It is the risk that an investor will experience losses as a result of changes in market conditions that impact the value of their investments. Market risk is inherent in all types of investments and can affect both individual securities as well as entire portfolios. It is one of the primary types of risk that investors must consider when making investment decisions.

Visit here to learn more about market risk brainly.com/question/27858748

#SPJ11

the government inflates the demand for farm products group of answer choices through marketing orders. with price supports. by purchasing surplus crops. through acreage set-asides.

Answers

The government inflates the demand for farm products through various methods, including marketing orders, price supports, purchasing surplus crops, and acreage set-asides.

Marketing orders are regulations that promote the sale and distribution of specific farm products.

Price supports involve the government guaranteeing a minimum price for a certain crop to prevent prices from falling too low. Purchasing surplus crops is a way for the government to support farmers by buying their excess produce. Acreage set-asides are programs where farmers are paid to leave a portion of their land unplanted, which reduces the supply and increases the price of the crops that are grown. Overall, these measures are intended to stabilize farm prices and ensure a steady supply of food for consumers.
The government inflates the demand for farm products through various methods, including implementing price supports, purchasing surplus crops, using marketing orders, and establishing acreage set-asides. These strategies help stabilize the agricultural market and maintain a steady income for farmers.

Visit here to learn more about consumers brainly.com/question/15869639

#SPJ11

Country a has a gdp of $8 billion (measured in u.s. dollars) and a population of 55 million. country b has a gdp of $9 billion (measured in u.s. dollars) and a population of 4 million. calculate per capita gdp for each country.

Answers

The per capita GDP for Country A is $145.45 and for Country B is $2,250.

To calculate the per capita GDP for each country, we need to divide the GDP by the population.

For country A:
Per capita GDP = GDP / Population
Per capita GDP = $8 billion / 55 million
Per capita GDP = $145.45

Therefore, the per capita GDP for country A is $145.45.

For country B:
Per capita GDP = GDP / Population
Per capita GDP = $9 billion / 4 million
Per capita GDP = $2250

Therefore, the per capita GDP for country B is $2250.

To know more about per capita GDP click here:

https://brainly.com/question/13601488

#SPJ11

to be binding, a price ceiling must be set at a price: a) lower than the equilibrium price. b) higher than the equilibrium price. c) the same as the equilibrium pri

Answers

a) lower than the equilibrium price.

A price ceiling is a legal maximum price that can be charged for a good or service. When a price ceiling is set below the equilibrium price, it creates a shortage of the good or service, as the quantity demanded exceeds the quantity supplied at the lower price. This shortage can lead to other problems such as rationing, black markets, and reduced quality.

Setting the price ceiling at or above the equilibrium price would not have a binding effect, as the market would already be operating at a price level where quantity demanded equals quantity supplied. In such a case, the price ceiling would have no effect on the market.

Learn more about equilibrium here:

https://brainly.com/question/30807709

#SPJ11

if the money multiplier is equal to 7.5 and banks hold no excess reserves and consumers hold no cash, then calculate the reserve requirement. round your answer to the nearest thousandth.

Answers

The reserve requirement is approximately 0.133 or 13.3% when rounded to the nearest thousandth.

To calculate the reserve requirement with the given information, we'll use the formula:

Reserve Requirement
= 1 / Money Multiplier

Here, the money multiplier is equal to 7.5. So we can plug that value into the formula:

Reserve Requirement = 1 / 7.5 = 0.1333...

Now, we need to round the answer to the nearest thousandth:

Reserve Requirement = 0.133

So, the reserve requirement is approximately 0.133 or 13.3% when rounded to the nearest thousandth.

to learn more about Reserve Requirement click here:

brainly.com/question/14136843

#SPJ11

jonah listens carefully when his employees come to him with a problem, and he provides them with constructive feedback. jonah most demonstrates the hr competency of leadership and navigation.a. true b. false

Answers

The statement  "Jonah listens carefully when his employees come to him with a problem, and he provides them with constructive feedback. Jonah most demonstrates the HR competency of leadership and navigation." is true.

Leadership and navigation is a crucial HR competency that involves guiding and motivating employees towards achieving organizational goals. By actively listening to his employees' problems and providing constructive feedback, Jonah is demonstrating effective leadership skills.

He is navigating his team through challenges and promoting a positive work culture that values open communication and collaboration. Such leadership qualities are essential for HR professionals to drive employee engagement, retention, and overall business success.

To know more about leadership refer here:

https://brainly.com/question/28965758#

#SPJ11

Should it always sum (or net) to the total master budget variance, even if one is u and one is f? yes or no?

Answers

Yes, it should always sum (or net) to the total master budget variance, even if one is unfavorable and one is favorable.

We get a complete picture of the overall variance and can determine the extent to which actual results deviated from the budget.

The reason for this is that both variances are contributing to the overall difference between the actual results and the budgeted results.

The total master budget variance should always sum (or net) to the total of all individual variances, even if one is unfavorable (U) and one is favorable (F).

The reason is that the master budget variance represents the overall difference between the actual results and the budgeted amounts, and it takes into account all individual variances, whether they are positive or negative.

Learn more about budget here,

https://brainly.com/question/8647699

#SPJ11

25. A continuous loss is assumed to occur at a specific point in the production process. true or false

Answers

The statement "A continuous loss is assumed to occur at a specific point in the production process" is false because a continuous loss is not assumed to occur at a specific point in the production process, but rather over a period of time throughout the process.

A continuous loss occurs throughout the production process, rather than at a specific point. It represents the gradual, ongoing decrease in product quality or quantity due to factors such as waste, inefficiency, or equipment deterioration.

By contrast, a discrete loss would occur at a specific point in the process, such as a machine malfunction or a defect in raw materials.

Learn more about continuous loss https://brainly.com/question/14318743

#SPJ11

all of the following are possible outcomes of a banking crisis except group of answer choices depositors, but not banks, may lose all or a portion of their assets. a recession due to a decrease in consumption by households. a decrease in investment. a contagion effect of the crisis from vulnerable banks to unaffected financial institutions.

Answers

A banking crisis can have severe consequences for the economy and financial system.

Deposit withdrawals and bank failures can lead to a decrease in investment and a recession caused by a decrease in consumption by households. Additionally, a contagion effect can spread from vulnerable banks to unaffected financial institutions, leading to a widespread crisis. However, it is not true that depositors, but not banks, may lose all or a portion of their assets. Banks can also suffer significant losses during a crisis, especially if they have high exposure to risky assets. Therefore, it is essential to address the root causes of a banking crisis and implement effective measures to prevent its occurrence. This can include better regulation and supervision, strengthening capital requirements, and improving risk management practices.

To learn more about banking crisis, visit:

https://brainly.com/question/14229444

#SPJ11

In a given town daily demand for steel is pd = 33 -0.01Q where Q is the quantity of steel demanded (in tons). There is a single steel-making firm producing steel at price 13 per ton. What is the consumer surplus?

Answers

The consumer surplus is of $6,670.

below is the process to calculate it

To calculate consumer surplus, we need to find the difference between what consumers are willing to pay for a good and what they actually pay. In this case, the demand for steel in the town is given by the equation pd = 33 - 0.01Q.

Assuming that the firm is producing and selling all the steel demanded at a price of 13 per ton, we can set the price equal to the demand equation and solve for Q. This gives us Q = 2000.

Next, we need to find the total amount consumers are willing to pay for this quantity of steel. To do this, we can use the demand equation and integrate it between 0 and 2000. This gives us an area under the demand curve, which represents the total amount consumers are willing to pay.

The integral of the demand equation is 33Q - 0.005Q^2. Evaluating this between 0 and 2000, we get a total consumer willingness to pay of $32,670.

Finally, we can calculate consumer surplus by subtracting the amount consumers actually pay (13 per ton times 2000 tons, or $26,000) from the total amount they are willing to pay. This gives us a consumer surplus of $6,670.

To know more about the consumer surplus pls visit :

https://brainly.com/question/15415230

#SPJ11

any unexpected downtime in today's business environment has the potential to cause both short- and long-term costs with far-reaching consequences. which of the following is not one of the costs of downtime identified in the textbook

Answers

Artificially inflated ROI is  not one of the costs of downtime identified in the textbook. Option A is correct.

The measure of return that takes into account the rate of inflation during the time period is called the inflation-adjusted return. The inflation-adjusted return metric reveals an investment's return after inflation effects have been removed.

A high return for money invested implies the speculation's benefits contrast well with its expense. As an exhibition measure, return for money invested is utilized to assess the productivity of a venture or to look at the efficiencies of a few unique speculations. In financial terms, it is one approach to relating benefits to capital contributed.

Learn more about ROI:

brainly.com/question/29508314

#SPJ4

Incomplete Question:

Any unexpected downtime in today's business environment has the potential to cause both short- and long-term costs with far-reaching consequences. Which of the following is not one of the costs of downtime identified in the textbook?

a) Artificially inflated ROI

b) Damaged reputation with banks

c) Lost future revenue

d) Overtime costs

why is the utility of a product or service important in economics ​

Answers

Answer:

The economic utility of a good or service is important to understand because it directly influences the demand, and therefore price, of that good or service. In practice, a consumer's utility is usually impossible to measure or quantify.

when someone steals money from your bank account and spendfs it, do they lose omney when you get your money back?

Answers

Yes the bank should be able to refund and dispute the transactions that the thefts used. But you have to notify your bank immediately after seeing an usual payment that you have never done

During the year 2021, Johnny is having a hard time finding work. So he decided to set up a small business in order to get by every day. For the whole year, his small business realized total sales of P95,000. How much is the business tax payable?

Answers

Johnny's business tax payable for the year 2021, assuming it is subject to the percentage tax system in the Philippines, would be P2,850.

The amount of business tax payable would depend on the tax laws and regulations in the specific jurisdiction where Johnny's business is located. Different countries and states have varying tax raes and methods of calculating business taxes.

In order to determine the business tax payable for tJohnny's small business, we would need to know the tax rate and the applicable tax base or taxable income. This may include factors such as the type of business, the location of the business, and any deductions or credits that may apply.

Assuming that Johnny's business is located in the Philippines, and that the taxable income of his business is P95,000, he would be subject to the percentage tax system, which is a simplified tax system for small businesses. Under this system, businesses with annual gross sales or receipts of less than P3,000,000 are subject to a flat tax rate of 3% of gross sales or receipts.

Using this information, we can calculate Johnny's business tax payable as follows:

Business tax payable = Gross sales x Tax rate

Business tax payable = P95,000 x 3% = P2,850

Learn more about business here:

https://brainly.com/question/15826604

#SPJ11

What is the difference between force.com and salesforce.com license?

Answers

The primary difference between Force.com and Salesforce.com licenses lies in the functionality and purpose they serve.

Force.com licenses are designed for users who require access to custom applications built on the Salesforce platform, but not necessarily the CRM features that Salesforce.com offers. This license type grants users access to custom objects, tabs, and apps, but does not include standard CRM objects like Leads, Opportunities, and Cases. It is suitable for organizations looking to build and manage applications specific to their business processes. Salesforce.com licenses, on the other hand, are tailored for users who need comprehensive access to the platform's CRM features, including Sales Cloud, Service Cloud, and Marketing Cloud. These licenses provide access to both standard CRM objects and custom objects. Salesforce.com licenses are ideal for organizations that need an all-encompassing CRM solution for sales, customer service, and marketing. In summary, Force.com licenses focus on custom application access, while Salesforce.com licenses grant users full access to the platform's CRM functionalities. Choosing the right license depends on your organization's needs and the extent of customization required.

To learn more about licenses, visit:

https://brainly.com/question/28844391

#SPJ11

The basket of the IPC at Saint-Cenne contains 114 gadgets and 238 things. In the base year, widgets sold for $2.00, and widgets for $1.40. This year, consumers bought 134 widgets at $3.15 each and 245 gadgets at $2.05 each. What is the CPI worth this year?
A.150,9
B.66,3
C.91,6
D.164,7

Answers

The CPI worth this year when consumers bought 134 widgets at $3.15 each and 245 gadgets at $2.05 each is approximately 164.7. The correct option is D.

The Consumer Price Index (CPI) measures the change in the price level of a basket of goods and services over time. To calculate the CPI, we need to find the cost of the basket in both the base year and the current year, then divide the current year cost by the base year cost and multiply by 100.

In the base year, there are 114 gadgets and 238 widgets. The price of gadgets is $2.00, and the price of widgets is $1.40. The cost of the basket in the base year is:

114 gadgets * $2.00/gadget + 238 widgets * $1.40/widget = $228 + $333.2 = $561.2

This year, consumers bought 134 widgets at $3.15 each and 245 gadgets at $2.05 each. The cost of the basket this year is:

134 widgets * $3.15/widget + 245 gadgets * $2.05/gadget = $421.8 + $501.75 = $923.55

Now, we can calculate the CPI for this year:

CPI = (Current year cost / Base year cost) * 100 = ($923.55 / $561.2) * 100 ≈ 164.7

Therefore, the CPI for this year is approximately 164.7 (Option D).

For more such questions on Consumer Price Index.

https://brainly.com/question/4513076#

#SPJ11

Please answer both parts
Part A options are (can/cannot)
Part B options are (true/false)
Cerulean, Inc. Coral, Inc., and Crimson, Inc., form the Three Cs Partnership on January 1 of the current year. Cerulean is a 50% partner and Crimson and Coral are 25% partners. For reporting purposes, Crimson uses a fiscal year with an October 21 year-end, Coral uses the calendar year and Cerulean uses a fiscal year with a February 28/29 year-end.
a. How is the required taxable year determined? The partnership's required taxable year is determined under the first of three rules that applies. The Three Cs ___ use the "majority partner" rule ____ the principal partner rule , and ____ use least aggregate deferral rule. b. If the required taxable year is, for example, October 31, what alternative tax years could the new partnership consider? For each statement below select "True" or "false", whichever is applicable. • No alternative tax years are available.
• If all partners, agree, any tax year may be selected.
• The partnership can can select July, August, or September
• The partnership can appeal to the IRS to use a natural business Year

Answers

a. The partnership would use the "majority partner" rule and adopt the fiscal year ending February 28/29.

b. The partnership can select any tax year if all partners agree or appeal to use a natural business year.

a. The required taxable year for a partnership is determined based on the first of three rules that applies. The Three Cs partnership would use the "majority partner" rule since Cerulean is the 50% partner, which is the majority partner. The majority partner rule requires the partnership to adopt the same taxable year as the majority partner. Therefore, the partnership's taxable year would be the fiscal year ending February 28/29.

b. The alternative tax years that the partnership could consider would depend on the applicable tax laws and regulations. The statement that no alternative tax years are available is false. The partnership can select any tax year if all partners agree, making the second statement true. However, the third statement that the partnership can select July, August, or September is false unless these months align with a valid fiscal or calendar year-end.

The partnership could also appeal to the IRS to use a natural business year, which is a fiscal year ending on the last day of a month that is consistently chosen by businesses in the partnership's industry. This would require the partnership to demonstrate that a natural business year would provide a better match for its business activities. In summary, the partnership should consult with a tax professional to determine the best alternative tax year options available based on their specific circumstances.

Learn more about fiscal year here:

https://brainly.com/question/15875620

#SPJ11

an effective industry analysis starts by identifying every potential_____within a defined distance of the new business's location.

Answers

An effective industry analysis starts by identifying every potential competitor within a defined distance of the new business's location.

Industry analysis is a process of evaluating the competitive environment of a particular industry. It involves examining various factors that can impact the performance and success of a business in that industry. One of the key aspects of industry analysis is identifying the competitors within the market.

To identify potential competitors, businesses usually define a geographic area around their location and analyze the companies operating in that area. This helps them to understand the level of competition they will face and the strategies they need to implement to succeed.

Identifying competitors involves researching the market and gathering information on existing businesses, their products or services, pricing, marketing strategies, strengths, and weaknesses. By understanding the competition, businesses can develop effective marketing strategies, differentiate themselves from competitors, and improve their chances of success. It also helps them to assess the market demand for their products or services and make informed decisions about pricing and promotion.

In summary, identifying every potential competitor within a defined distance of the new business's location is an essential step in conducting an effective industry analysis.

Learn more about industry analysis here: https://brainly.com/question/26610323

#SPJ11

Suppose households spend 75 cents of each additional dollar of after-tax income. if the government spends an additional $60 million on goods and services, gdp will increase by $_________

Answers

if the government spends an additional $60 million on goods and services, GDP will increase by $ 240 million.

To calculate the increase in GDP, we need to use the spending multiplier. The spending multiplier is the ratio of the change in GDP to the change in government spending. The formula for the spending multiplier is:
Spending multiplier = 1 / (1 - MPC)

where MPC is the marginal propensity to consume, which is the fraction of each additional dollar of after-tax income that households spend.

Given that households spend 75 cents of each additional dollar of after-tax income, MPC is 0.75. Therefore, the spending multiplier is:

Spending multiplier = 1 / (1 - 0.75) = 4

This means that for every $1 increase in government spending, GDP will increase by $4.

Since the government spends an additional $60 million on goods and services, the increase in GDP will be:

Increase in GDP = $60 million x 4 = $240 million

Therefore, if the government spends an additional $60 million on goods and services, GDP will increase by $240 million.

Learn more about marginal propensity to consume here: https://brainly.com/question/17930875

#SPJ11

howell and associates specializes in business consulting. currently, they serve 28 percent of the market in their geographic area. george howell, ceo, has decided to set a growth objective for his firm in an effort to expand their market share to 40 percent. according to the competitive parity budgeting method, what share of the total industry marketing effort do they need to have in order to attain their growth objective?

Answers

According to the competitive parity budgeting method, Howell and Associates need to have a 12 percent share of the total industry marketing effort in order to attain their growth objective of expanding their market share to 40 percent.

To determine the share of the total industry marketing effort Howell and Associates needs to have in order to attain their growth objective using the competitive parity budgeting method, please follow these steps:

1. Identify the current market share: Howell and Associates currently serve 28 percent of the market in their geographic area.

2. Identify the growth objective: George Howell, CEO, wants to expand their market share to 40 percent.

3. Calculate the increase in market share: Subtract the current market share from the growth objective: 40 percent - 28 percent = 12 percent.

4. Determine the share of total industry marketing effort: To attain their growth objective using the competitive parity budgeting method, Howell and Associates need to have a 12 percent share of the total industry marketing effort in order to increase their market share from 28 percent to 40 percent.

Therefore, they would need to increase their marketing efforts to match the industry average, which would be 40 percent minus 28 percent, or 12 percent. This means that Howell and Associates would need to allocate 12 percent of the total industry marketing effort in order to attain their growth objective.

Learn more about the word competitive here,

https://brainly.com/question/30992532

#SPJ11

What sources can you use to prospect outside of the CRM?

Answers

There are many sources that can be used for prospecting outside of the CRM. By exploring these sources, businesses can expand their reach and increase the chances of generating new leads.

Social Media: Social media platforms such as LinkedIn, , and can be useful for prospecting. They provide access to a large pool of potential leads, and allow for easy communication and engagement with prospects.

Trade Shows and Events: Attending trade shows and events can provide opportunities to network with potential customers. These events offer the chance to meet prospects face-to-face, showcase products or services, and gather information about the industry and competitors.

Referrals: Referrals from existing customers or contacts can be a valuable source of leads. Encouraging customers to refer friends and colleagues can help to expand the reach of the business.

Cold Calling: While it may not be the most popular prospecting method, cold calling can still be effective for some businesses. It involves reaching out to potential leads by phone, without any prior contact or relationship.

Online Directories: Online directories such as Yellow Pages, Yelp, and My Business can provide a list of potential leads for businesses. These directories typically include contact information, such as phone numbers and email addresses, making it easy to reach out to potential leads.

For more such questions on businesses visit:

https://brainly.com/question/24553900

#SPJ11

Which of the following statements is incorrect? A year-end purchase of inventory increases the LIFO cost of goods sold when unit costs are increasing. A year-end purchase of inventory does not affect the weighted-average ending inventory when unit costs are increasing. The choice of an inventory costing method is dependent on the actual flow of goods when inventory is sold. A year-end purchase of inventory increases the FIFO ending inventory when unit costs are increasing QUESTION 31 2.5 p Which of the following does not properly describe the depreciation process? O It is consistent with the matching principle O It attempts to determine an asset's market value. O It is an allocation process O It involves the use of estimates

Answers

The statement "It attempts to determine an asset's market value" does not properly describe the depreciation process.

Depreciation is an accounting process that allocates the cost of a tangible asset over its useful life. It recognizes that assets lose value over time due to wear and tear, obsolescence, or other factors. Depreciation is consistent with the matching principle, which requires that expenses be recognized in the same period as the revenue they generate.

Depreciation does not attempt to determine an asset's market value. Instead, it focuses on spreading the cost of the asset over its useful life in a systematic and rational manner. The amount of depreciation recognized each period is based on estimates of the asset's useful life, salvage value, and cost, and is subject to periodic adjustments based on actual results.

To know more about Depreciationrefer here

https://brainly.com/question/30024295#

#SPJ11

when analyzing variable costs, it is assumed that cost behavior pattern is____, but in reality, because of other factors such as economies of scale and quantity purchase discount, per unit variable costs will typically change slightly.

Answers

When analyzing variable costs, it is assumed that the cost behavior pattern is linear, meaning that the variable cost per unit remains constant regardless of the volume of production.

However, in reality, other factors such as economies of scale and quantity purchase discounts can affect variable costs, causing them to change slightly per unit. For example, as production volume increases, there may be a decrease in variable costs due to lower per-unit production costs, known as economies of scale.

Additionally, quantity purchase discounts may result in lower variable costs per unit purchased. Therefore, while linear cost behavior is assumed when analyzing variable costs, other factors can affect the per-unit variable costs.

To know more about variable costs,refer to the link:

https://brainly.com/question/29767642#

#SPJ11

a) Identify the different types of partnerships and explain the importance of a partnership agreement. (10 Marks) b) Describe the advantages and disadvantages of the partnership form of organization. (10 Marks)

Answers

Partnerships are a popular form of business organization where two or more individuals come together to form a business. There are several types of partnerships: General Partnership, Limited Partnership, Limited Liability Partnership (LLP)

General Partnership: In a general partnership, all partners share equal responsibility and liability in the business. Each partner contributes to the management, profits, and losses of the partnership. Limited Partnership: In a limited partnership, there are two types of partners- general partners and limited partners. General partners manage the business and are personally liable for the partnership's debts, while limited partners invest in the business but don't participate in its management. Limited Liability Partnership (LLP): In an LLP, all partners have limited liability for the partnership's debts, and each partner is only liable for their own actions or omissions. A partnership agreement is a legal document that outlines the terms and conditions of the partnership. It is important to have a partnership agreement for several reasons It helps to establish the roles, responsibilities, and expectations of each partner in the business. It provides a clear understanding of the division of profits, losses, and assets. It outlines the decision-making process, including how disputes will be resolved. It protects the partners' interests and reduces the risk of misunderstandings or conflicts. b) Advantages and disadvantages of the partnership form of organization: Shared risk and responsibility: Partnerships allow individuals to pool their resources and share the risks and responsibilities of running a business. Flexibility: Partnerships are easy to set up and require minimal legal formalities. Partners can decide how they want to run the business and can easily make changes as needed. Access to capital: Partnerships have access to more capital than sole proprietorships since there are more individuals involved in the business. Unlimited liability: In a general partnership, partners are personally liable for the partnership's debts, which means their personal assets could be at risk. Shared profits: Partnerships involve sharing profits and decision-making, which can lead to conflicts or disagreements. Lack of continuity: Partnerships are not perpetual, and they may dissolve if one partner decides to leave or passes away. Limited growth potential: Partnerships may have limited growth potential due to the need to share profits and decision-making with multiple partners

Learn more about partnership here:

https://brainly.com/question/9909227

#SPJ11

the seller has an old ust on his land that was already abandoned when he bought the property. as far as he knows, no one has used it for years. he should...?

Answers

If the seller has an old UST (Underground Storage Tank) on their land that was abandoned when they purchased the property, they have a responsibility to deal with it appropriately.

The seller should begin by conducting a thorough investigation of the UST to determine whether it poses any environmental or health risks.

The first step is to locate and remove the tank, which should be done by a licensed professional. The soil around the tank should also be tested for any contamination, and if any is found, it should be remediated.

Depending on the severity of the contamination, the seller may be required to report it to the appropriate state or local agencies.

It is important to note that USTs are regulated by both state and federal laws, and failure to comply with these laws can result in significant fines and penalties.

Therefore, it is crucial that the seller takes all necessary steps to properly deal with the UST.

Finally, the seller should disclose the presence of the UST to any potential buyers, and provide documentation showing that the tank has been properly removed and any contamination has been remediated.

This will help ensure that the buyer is fully aware of any potential environmental or health risks associated with the property, and can make an informed decision about whether or not to proceed with the purchase.

To know more about UST (Underground Storage Tank) refer here

https://brainly.com/question/29846007#

#SPJ11

countess corporation is expected to pay an annual dividend of $4.69 on its common stock in one year. the current stock price is $74.63 per share. the company announced that it will increase its dividend by 3.80 percent annually. what is the company's cost of equity?

Answers

Countess Corporation's cost of equity is 10.08%.

The Dividend Growth Model (also known as the Gordon Growth Model), which includes the annual dividend, current stock price, and the annual dividend growth rate. Here's a step-by-step explanation:

1. Identify the annual dividend: The company is expected to pay an annual dividend of $4.69 on its common stock in one year.

2. Identify the current stock price: The current stock price is $74.63 per share.

3. Identify the annual dividend growth rate: The company announced that it will increase its dividend by 3.80 percent annually.

4. Use the Dividend Growth Model formula to calculate the cost of equity: Cost of Equity (Ke) = (D1 / P0) + g

Where D1 is the expected dividend in one year, P0 is the current stock price, and g is the annual dividend growth rate.

5. Plug in the values: Ke = ($4.69 / $74.63) + 0.0380

6. Calculate the cost of equity: Ke = 0.0628 + 0.0380 = 0.1008 or 10.08%

To know more about cost of equity, refer here:

https://brainly.com/question/14987789#

#SPJ11

Complete question:

countess corporation is expected to pay an annual dividend of $4.69 on its common stock in one year. the current stock price is $74.63 per share. the company announced that it will increase its dividend by 3.80 percent annually. what is the company's cost of equity?

Anton's company has undergone a massive reorganization, and hundreds of jobs have been permanently eliminated, along with anton's job. Which best describes anton's dismissal?

Answers

Anton's company has undergone a massive reorganization, and hundreds of jobs have been permanently eliminated, along with Anton's job. Downsizing, best describes Anton's dismissal.

Downsizing is the permanent reduction of labour force by removing the unproductive. There are the number of the division of workers are removed  in the company.

There are several reasons of downsizing is:

Improve efficiencyReduce costRightsize resourcesMore efficient business.

As a result, the significance of the Anton's company has undergone a massive reorganization are the aforementioned.

Learn more about on downsizing, here:

https://brainly.com/question/30653927

#SPJ1

All of the following types of information will most likely be collected by a human resources specialist through a job analysis EXCEPT ________.A) work activitiesB) human behaviorsC) performance standardsD) employee benefits options

Answers

The type of information that is not likely to be collected by a human resources specialist through a job analysis is employee benefits options.

Job analysis is a process of identifying and determining the specific duties and requirements of a particular job position. Human resources specialists use various methods to conduct job analysis, including interviewing employees and managers, observing job performance, and reviewing job descriptions and performance metrics. The information collected through job analysis is used to develop job descriptions, performance standards, and training programs.

The types of information that are typically collected through job analysis include work activities, such as the tasks and responsibilities involved in performing the job, and human behaviors, such as the skills, abilities, and personal characteristics required to perform the job effectively. Performance standards, which specify the expected level of performance and quality of work, are also commonly included in job analysis.

However, employee benefits options are not usually considered part of job analysis, as they are not directly related to the specific duties and requirements of the job. Employee benefits are typically determined by the organization's human resources policies and are offered to all employees, regardless of their job positions. Therefore, while a human resources specialist may provide information about employee benefits to job candidates and employees, this information is not typically collected through job analysis.

Learn more about job analysis: https://brainly.com/question/29802928

#SPJ11

Other Questions
in cost-benefit analysis, the government should intervene as long as group of answer choices the value of government failure exceeds the value of market failure. the government corrects market failures without government cost. the improvement in the environment exceeds the costs. the government corrects market failures despite government failure. An OT working in a school system conducts a series of educational workshops for parents of children with attention deficit disorders. The series focuses on principles of sensory integration. The OTR advises parents that the home environment should provide: l availability of high-quality electronic scanners and color printers for computers has made the counterfeiting of checks much easier. in order to deter such counterfeiting, several banks plan to issue, to their corporate customers, checks that contain dots too s Select all the correct answers.The adoption of which two practices helped to increase the amount of food produced per unit area of farmland? four-field crop rotation the application of chemical pesticides the use of steam-powered tractors land irrigation using steam-powered pumps selective livestock breeding restaurants and foodservice establishments account for what percent of all credit card fraud cases in the united states? curvilinear association is one in which the correlation coefficient is zero (or close to zero), and the relationship between two variables is not a straight line? Which statements are interpretations of the quotation from your writing prompt? Check all that apply. Darkness keeps us from achieving our goals.O You are most yourself when no one is watching.O Dark and troubled times bring out a person's true nature.O Your true nature is on the inside.Darkness causes fear. What were the main reasons depicted in the graph and how did each state justify the use of each reason? Translation termination occurs whenever a {{c1::stop codon reaches the A site}} 1. Why, do you think, has Grete's attitude toward Gregor changed? Brian is the marketing manager for a professional football team. he offered all season ticket holders the opportunity to meet the coaches and star players during a special autograph session two hours before the session went public. this is an example of applying segmentation to:__________ A proton is located at x = 1.0 nm, y=0 nm and an electron is located at x=0 nm, y=4.0 nm. Find the attractive Coulombic force between them. s carries a personal auto policy with liability limits of 50/100/25. s strikes another vehicle, causing bodily injuries to the driver equal to $70,000, bodily injuries to one passenger equal to $30,000, and bodily injury to a second passenger equal to $50,000. the accident also causes $20,000 worth of property damage to the other vehicle. what is the maximum s's policy will pay for the bodily injury and property damage claims?a How do I find the volume of this prism? Percent of sales method LO P3 BioWare's year end unadjusted trial balance shows accounts receivable of $36,000 and sales of $470.000 Uncollectibles are estimated to be 2% of sales Prepare the December 31 year-end adjusting entry for uncollectibles using the percent of sales method. which of these things provide the interaction point for the user? group of answer choices shell kernel operating system device mangager memory manager The program first reads integer townCount from input, representing the number of pairs of inputs to be read. Each pair has a string and an integer. One Town object is created for each pair and added to vector townList. If a Town object's population is between 2394 and 3803, both inclusive, call the Town object's Print().Ex: If the input is:4 Goshen 2394 Hum 1944 Davids 2197 Bow 3803 Lactose permease is a protein made by E coli that is 417 amino acids in length. Amino acid residue 64 is the amino acid glycine and aspartic acid is amino acid residue number 68.Which of these amino acids is closer to the carboxyl terminus of the polypeptide?glycineaspartic acidWhich of these amino acids codon is closer to the 3 end of the mRNA?glycineaspartic acidConsider the amino acid tryptophan (trp). What is the sequence of the anticodon on the charged tRNA?5-UGG-33-UGG-55-ACC-33-ACC-55-TGG-33-TGG-5 which of the following was a criticism of the strong vocational interest blank (svib)?a. the test was based too heavily on a theory of career choice.b. the scales were gender-biased.c. test-retest reliabilities were unacceptably low.d. interest patterns fluctuated considerably over time. What made Silas Wiggin unusual and what happened to him?