What is unlimited liability?

Answers

Answer 1

Answer: Unlimited liability refers to the legal obligations general partners and sole proprietors because they are liable for all business debts if the business can't pay its liabilities.

Related Questions

Case Studie:Yell PLC is a telephone directory company who are looking to grow their business by buying more equipment and taking over a rival. The company currently have £4.5 million in retained profit but in two years’ time should have an extra £1 million. Yell PLC operates in a competitive market. They currently have 1 year to pay off their existing loan which they’re paying back in 12 equal instalments with interest. Yell PLC hope to please their shareholders by paying a significant dividend.Question:1.d.). Yell PLC wants to grow its business and need to raise money to help pay for more equipment and the £5millon needed to complete a takeover. Recommend if they should use retained profit or issue more shares (9 marks)
Please Help!!Use the credit card information below and the designated method of computing interest to fill in the blanks. (See image)Adjusted Balance Method-Interest $______New Balance $______
For safety's sake industrial screwdriver blades are made of
Which of the following nouns is properly capitalized?A. CongressB. FrameC. TelephoneD. orlando
Marigold Corp.'s accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $390000 $340000 Work in process inventory 300000 160000 Finished goods inventory 190000 150000 During 2017, $890000 of raw materials were purchased, direct labor costs amounted to $670000, and manufacturing overhead incurred was $640000. Marigold Corp.'s total manufacturing costs incurred in 2017 amounted to_________________

Direction: Write HURRAY to statements that expresses correct thought and HEPHEP if not. 1. Production record reflects the list of the different crops grown in the farm in a particular year.

2. The use of flyer for marketing fruits and seedlings is convenient and cheap.

3. Web marketing involves both advertising and marketing efforts through email to current and prospective customers.

4. Email marketing includes e-commerce, promotional or informative websites, and online advertising on search engines.

5. Online marketing is the process of selling products to the market.

6. Social media marketing involves both advertising and marketing efforts via social networking sites.

7. Fruits are ready for harvest at the right degree of maturity.

8. Calamansi is best to harvest from July to October.

9. Cash record is the value received from cash sales and cash payments in a certain period.

10. August to November is the best time of the year to harvest soursop or guyabano and lanzones.

Answers

Answer:

1.hephep

2.hephep

3.hurray

4.hephep

5.hurray

6.hurray

7.hurray

8.hephep

9.hephep

10.hurray

hope its help

#carry on learning

You want to create a relational database for your company. Which application below would assist you in doing this?a. Visio
b. Project
c. Access
d. Evernote

Answers

The right answer for the question that is being asked and shown above is that: "c. Access." You want to create a relational database for your company. The application that would assist you in doing this is the Microsoft Access. It is just a simple database handler.

A sales tax is a type of progressive tax. indirect tax. proportional tax. direct tax.

Answers

A sales tax is a type of "indirect tax".

Indirect taxes are fundamentally imposes that can be passed on to another substance or person. It is generally forced on a maker or provider who at that point passes on the duty to the customer.

Sales tax refers to the utilization charge required on products and ventures obtained at the retail level, paid by the customer and put together by the retailer to the overseeing charge authority. Whenever individuals go to the shopping centers or retail chains to shop, they are now going to make good on roundabout regulatory expenses. Goods , for example, family unit things, garments, and other essential wares are liable to such sort of taxes.

the answer to the question is indirect tax

Which is usually the best way to present or communicate inferred data?in a bar graph
in a data table
in a simple diagram
in a written paragraph

Answers

D. in a written paragraph

Answer:

paragraph

Explanation:

In the film (around 2:08-2:11) the people in the town of Arcata CA are discussing the role that corporations should play in a democratic society. Some of the people are concerned about the great influence that corporations play in our society, and want to make corporations more accountable to the people. One man who seems opposed to passing legislation that restricts the activities of the corporations suggests that we all have the power to vote with our wallets. He says that if you don't approve of what a corporation does, then you simply should not use its products or services. In his mind, this is sufficient for keeping corporations under the control of the people. (a) Do you think about the people can make corporations act in an ethically responsible way by voting with their wallets?
(b) What are some of the benefits and problems with this idea of voting with your wallet? (hint: consider the idea that people who have bigger wallets get more votes)?
(c) Would it be fair to give people voting powers based on their wealth? For example, would it be fair for people who have between one and two million dollars get two votes instead of one vote (in an election), and people with between two and three million dollar get three votes etc...

Answers

Answer:

(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.

(b) This speaks to corporate social responsibility, by voting the people are able to control the corporations in a way that makes them more socially responsible. Voting could also give people with bigger wallets, higher levels of control.

(c) No, it will not be fair; there has to be a cordial relations between the corporations and the people, hence if the people are given voting power based on their wealth, it could create some level of disunity.

Explanation:

(a) Sure, the people can make corporations act in an ethically responsible way, in other words, Acting in ways consistent with what society and individuals typically think are good values.

How quality perfomance of marketing function can contribute a successful business

Answers

just walk away and tune dem out

Other Questions

Which are the roles of a bank? Check all that apply.

Your Mutual fund was valued at $237,500 it has lost 6% per year for the last three years what is its value today

As the aggregate price level rises, aggregate demand ____________ resulting in a __________ to total output, or the real GDP. A. falls/increase B. rises/increase C. rises/decrease D. falls/decrease

If a seller notices he or she is not selling much of a particular product, he or she is most likely going topull the item off of the shelf. reduce the price of the item. increase the price of the item. place more of the item on the shelf.