A partnership is a ________.
A) firm listed on a stock exchange, in which no owner owns a controlling majority of equity
B) business with two or more owners that is not organized as a corporation
C) corporation in which the owners have limited liability for the organization's liabilities
D) private firm in which all owners have equal ownership and limited liability in the event of a bankruptcy
B) business with two or more owners that is not organized as a corporation
You might also like to view...
You see what you want or expect to see with this perceptual mechanism:
A) attribution error B) halo effect C) self-ful?lling prophecy D) selective attention
In 2012, Wingen Inc sold 325,000 units at $8 each. Sales volume is expected to increase by 15 percent in 2013 while the price of each unit is expected to decrease by 15 percent. The expected sales revenue for 2013 is:
A) $ 373,750 B) $2,541,500 C) $1,878,500 D) $2,990,000
Which of the following does NOTÂ belong in the disciplinary model?
A. Discharge B. Negotiation and mediation C. Due process D. Disciplinary interviews
Alvez reports net income of $310,000 for the year ended December 31. It also reports $96,300 depreciation expense and a $10,300 loss on the sale of equipment. Its comparative balance sheet reveals a $41,400 increase in accounts receivable, a $10,500 decrease in prepaid expenses, a $15,700 increase in accounts payable, a $12,900 decrease in wages payable, a $77,200 increase in equipment, and a $103,000 decrease in notes payable. Calculate the net increase in cash for the year.
A. $285,500. B. $208,300. C. $388,500. D. $311,300. E. $218,600.