Difference between general partnership and limited liability

Assignment Help Financial Accounting
Reference no: EM13752119

What is the difference between a general partnership and a limited liability company? When might each type of entity be used? Why

Reference no: EM13752119

Questions Cloud

Expected rates of reimbursement for time frame : What are the expected rates of reimbursement for this time frame for each payer? What is your expected A/R?
Key factors involved in the emergence of the bric economies : The G Banking Group recently reported that it was off shoring (moving) its back-office operations from European country D to India where it already has some significant operations. Centralizing most back-office operations in India is part of the Grou..
Hybrid organizational form : Question 1: Which of the following is considered a hybrid organizational form?
Partial stockholders equity section of the balance sheet : Given below is the partial stockholders equity section of the Balance Sheet (as of 12/31/2014) for Toys and Stuff, Inc. Assume that the preferred shares are cumulative, and that no dividends had been paid for 2012 and 2013. If a total dividend to be ..
Difference between general partnership and limited liability : What is the difference between a general partnership and a limited liability company? When might each type of entity be used? Why
Elaborate significant things about risk management : Elaborate on the three most significant things you learned about risk management during this course. Analyze how this new information will assist you in assessing and mitigating risk in current or future projects.
Discussion of the information used in the system : A full description of the new system, a description of its components, and the benefit it will provide to Riordan and A discussion of the business requirements driving the need for the system
What issue caused most conflict at constitutional convention : Explain the importance of compromise in helping to ratify the US Constitution. What issue caused the most conflict at the Constitutional Convention? Explain why.
Loans and Distributions from a 401k and IRA plan : Last month a friend borrowed from his 401k to pay off his car loan. Interests on his car loan were at 8 percent with about $250 in monthly payments. The idea he said is that, instead of paying the 8 percent interest to the bank, why not take out from..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Calculation of average waiting time and expected monthly

calculation of average waiting time and expected monthly margin.trikes unlimited makes small motorcycles. the monthly

  What would be the effect on the income statement

Journalize the six adjusting entries required at August 31, based on the data presented - what would be the effect on the income statement if adjustments (a) and (f) were omitted at the end of the year?

  Prepare the journal entry to record pension expense

Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010. Preparation of a pension worksheet is not required. Benefits paid in 2010 were $35,000.

  What will the impact be on its operating breakeven point

If the firm has a potential investment that would simultaneously raise its fixed costs to $16,500 and allow it to charge a per-box sale price of $6.50 due to better-textured tacos, what will the impact be on its operating breakeven point in boxes?

  What conclusion could you draw from here

Now, in Scenario B, we are going to borrow $4,000 debt and reduce the Equity to $6,000. Assume a 9% interest rate. Could you try to figure out the ROE. What conclusion could you draw from here?

  Best strategy would be to become aggressive on price

Inc. has finished a new video game, Snowboard Challenge. Management is now considering its marketing strategies and Which strategy is best: Do nothing and follow the advise of Mark Hobson

  Construct brandywine 2007 income statement

Construct Brandywine 2007 income statement and what were brandywire net income, total profit margin,and cash flow?

  Type of fund in which each entry would be made

It is the policy of the organization to charge an entire year's depreciation in the year of acquisition. Prepare all required journal entries, being certain to indicate the type of fund in which each entry would be made.

  Explain why treasury stock is not classified as an asset

Intel Inc. is the pioneer in the manufacture of microprocessor for computers. The company's fiscal year runs from April 1 to March 31. On 4/1/2013, Intel Issued $5,000,000 of 11% Bonds due in 10 years.

  Write a five-to seven-page financial statement analysis of

write a five-to seven-page financial statement analysis of a public corporation formatted according to apa style as

  Write paragraphs about the capital budget items needed for

write paragraphs about the capital budget items needed for a startup organizationcompany. you must answer the following

  Calculate the maximum depreciation expense during current

During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd