Match each term with the correct statement below.
a. limited partnership
b. master limited partnership
c. joint venture
d. syndicate
e. business trust
f. limited liability partnership
g. S corporation
h. limited liability company
1. Which type of organization provides all the benefits of a partnership, limits the liability of each investor to the amount of the investment, and allows anyone to participate in the management of the organization?
2. What is the type of partnership that sells units traded on a recognized stock exchange?
3. What is the association of two or more businesses for a particular purpose called?
4. Which form of business ownership has at least one general partner and one or more partners with limited liability?
5. Which form allows the transfer of legal title to a property of one person for the use and benefit of another?
1. H) master limited partnership
2. B) master limited partnership
3. D) syndicate
4. A) limited partnership
5. E) business trust
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Answer the following statement true (T) or false (F)
Jayne Luke started a computer business in her basement less than a year ago. Her personal attention to clients and persistence in obtaining new customers has caused the business to grow at a tremendous pace. Jayne has become so busy she has neglected to
keep after clients who have failed to pay her. As a result, Jayne has a large amount of accounts receivable and notes receivable on her balance sheet but not much cash. She continues to service clients, but she now realizes that her cash will soon be exhausted. Suggest some options Jayne has to achieve a strong cash balance.
What style and component characteristics are appropriate in formal reports?
Tom O'Brien has a 2-stock portfolio with a total value of $100,000. $47,500 is invested in Stock A with a beta of 0.75 and the remainder is invested in Stock B with a beta of 1.42. What is his portfolio's beta? Do not round your intermediate calculations. Round your final answer to 2 decimal places.
A. 1.04 B. 1.10 C. 1.09 D. 1.06 E. 1.05