Author: Custom Essay

Which of the following is a correct statement about corporate losses?

Corporate Finance Part 1

 

1. Which of the following is an advantage of a corporation?

 

A. Permanence

 

B. Dilution of ownership

 

C. Elimination of double taxation

 

D. Ease of formation

 

 

 

2. A firm’s sales increased by 50 percent and inventory was $100,000. According to the percent of sales

 

method of forecasting, what will the new inventory be?

 

A. $150,000

 

B. $175,000

 

C. $100,000

 

D. $120,000

 

 

 

3. Which of the following is a correct statement about operating leverage?

 

A. Operating leverage results from use of fixed instead of variable cost.

 

B. Operating leverage is affected by the demand for the product.

 

C. Operating leverage is associated with less risk and more certainty.

 

D. Operating leverage results from using debt financing.

 

 

 

4. If a firm produces 50,000 widgets and sells each unit for $20.50, what is the total revenue generated by

 

this production?

 

A. $10,250,000

 

B. $100,250

 

C. $10,250

 

D. $1,025,000

 

 

 

5. If a firm substitutes fixed for variable costs, which of the following will occur?

 

A. The use of financial leverage will be increased.

 

B. The profits will always be higher.

 

C. The break-even level of output will be reduced.

 

D. The degree of operating leverage will be increased.

 

 

 

6. Which of the following is an advantage of the sole proprietorship?

 

A. Limited liability

 

B. Ease of formation

 

C. Joint ownership

 

D. Ease of transfer of ownership

 

 

 

7. Which of these situations offers the best rationale for organizing a business as a limited partnership?

 

A. You want your small new business, which is operating out of your garage, to pay you and your partner (your spouse)

 

dividends for which income tax will only be paid by you or your business, not both.

 

B. Management needs to raise money through a stock offering, but does not want to relinquish control of the business to

 

stockholders.

 

C. You’re an entrepreneur and you want two others’ expertise, former business partners, to help execute your business plan.

 

D. Management rejects the idea of personally assuming liability for the business.

 

 

 

8. Which of the following statements about fixed costs is correct?

 

A. Fixed costs don’t change with the size of the firm.

 

B. Fixed costs are greater than variable costs.

 

C. Fixed costs are paid before variable costs.

 

D. Fixed costs don’t change with the level of output.

 

 

 

9. A product sells for $5 per unit. If fixed costs are $1,000 and variable costs are $2 per unit, what is the

 

degree of operating leverage at 2,000 units?

 

A. 2.0

 

B. 1.2

 

C. 1.0

 

D. 0.83

 

 

 

10. Which of the following events would be most likely to increase the quantity breakeven point, assuming

 

other factors remain constant?

 

A. Reduced marketplace competition enables LMN Corporation to raise its selling price for finance textbooks.

 

B. The city council has finally been persuaded: Your taxi business will pay lower water and sewer rates.

 

C. The pressure has subsided: The property owner, who rents space to your small manufacturing plant, has agreed to blacktop

 

the employee and customer parking lot.

 

D. XYZ Corp agrees to increase its sales-commissions paid to employees by 12 percent.

 

 

 

11. Airlines have a high degree of operating leverage because of

 

A. insufficient government regulation.

 

B. small fixed expenses.

 

C. a large use of debt financing.

 

D. a large investment in fixed assets.

 

 

 

12. A product sells for $2 per unit. If fixed costs are $200 and variable costs are $1 per unit, what is the

 

break-even level of output?

 

A. 150 units

 

B. 50 units

 

C. 200 units

 

D. 100 units

 

 

 

13. Which of the following is a correct statement about corporate losses?

 

A. They are carried forward to future years.

 

B. They are carried back three years and then carried forward.

 

C. They are carried forward three years and then carried back.

 

D. They offset other sources of income in prior years.

 

 

 

14. If ABC, Inc. has $650,000 in sales and $230,000 in expenses, what are the firm’s earnings before

 

interest and taxes (EBIT)?

 

A. $850,000

 

B. $325,000

 

C. $420,000

 

D. $650,000

 

 

 

15. A union contract suggests that labor costs may be

 

A. fixed.

 

B. undetermined.

 

C. variable.

 

D. a noncash expense.

 

 

 

16. Which of the following is a correct statement about fixed costs?

 

A. Fixed costs are paid before variable costs.

 

B. Fixed costs do not change with the size of the firm.

 

C. Fixed costs are greater than variable costs.

 

D. Fixed costs do not change with the level of output.

 

 

 

17. If investors want to limit financial risk and maximize their control of the business, which of the

 

following forms of business should they prefer?

 

A. Limited partnership

 

B. Sole proprietorship

 

C. S corporation

 

D. Corporation

 

 

 

18. Which of the following situations would provide corporate management with the strongest rationale to

 

carry forward current-year losses?

 

A. Management projects taxable income to remain unchanged over the next five years.

 

B. Congress just passed a very popular bill that reduces marginal federal income tax rates.

 

C. Management projects pre-tax losses over the next two years, and possibly even four years into the future.

 

D. Early in his first term this year, the President of the United States initiated legislation and signed into law a significant increase

 

in income tax rates.

 

 

 

19. A firm does not obtain financial leverage by

 

A. issuing preferred stock.

 

B. borrowing from the bank.

 

C. issuing bonds.

 

D. issuing common stock.

 

 

 

20. Owners in which of the following forms of business have unlimited liability?

 

A. Sole proprietorships

 

B. Corporations

 

C. S corporations

 

D. Limited partnerships

As a multi-generational American citizen, in the wake of Pearl Harbor, do you support the internment of your Japanese neighbors?

Essay V

The list below includes some provocative discussions related to the events in this unit’s reading. Choose one of the five topics to write about. Compose a one-page essay in which you will take a first-person perspective of the situation, describe the debate in your own words, and provide a justified and academically defended argument for one side or the other. The essay will need to reflect your understanding of the time period to avoid being anachronistic, and your argument must relate to one of the viable outcomes from that time.

As a multi-generational American citizen, in the wake of Pearl Harbor, do you support the internment of your Japanese neighbors?

As an 18-year-old male high school senior, are you eager or fearful of going to war?

As an 18-year-old female high school senior, are you eager or fearful of going into the wartime factories?

Is the crisis in Europe something that the U.S. should join, or should the U.S. remain isolated? (Use a perspective from no later than November 1941.)

 

You are an important congressperson. How do policies and economics that are in place at the end of the war impact America’s position in the world? In addition to the topic you selected from the list above, you must consider the influence of the below factors and conditions, which are relevant to all the topics above, and provide historical detail relevant to your topic:

perceptions or impacts of limitations on and advocacy for civil rights,

influence by propaganda or stereotypes,

impacts of international events or crises,

impacts of economic conditions, and

effects on the U.S. isolationist policies.

As this is a point of view essay, a modern perspective will not accurately address what the question is asking for. You are required to use a minimum of two reputable sources, which must be cited and referenced, only one of which can be an assigned or provided text or source.   Must be appropriately identified per 6th edition APA format.

Answer

What implications does this have for your future role?

Current Issue Critical Thinking

Read the following excerpt from “Understanding Digital Kids (DKs): Technology & Learning in the New Digital Landscape,” an article regarding learning today:

Recently, there were two recent cover stories in Time Magazine: Their conclusion was that children today are different. In fact, based on what we now know from the neurosciences and psychological sciences, what we’re now beginning to understand is that children today are FUNDAMENTALLY different than we are in the way they think, in the way they access, absorb, interpret, process and use information, and in the way they view, interact, and communicate in the modern world because of their experiences with digital technologies. If this is the case, it holds profound implications for all of us personally and professionally (Jukes, 2008, p. 14).

Reflect on this selection and respond to the following questions:

  • What are your thoughts on this statement?
  • Do you feel today’s learner has a different way of learning than in the past?  Defend your position.
  • In your future role, how will you use this information?
  • What implications does this have for your future role?

Carefully review the Grading Rubric for the criteria that will be used to evaluate your journal entries.

 

Assignment

Language Development Interview

Much of the knowledge we gain comes from our learning and personal experiences.  For this assignment, you will spend time talking with an experienced preschool teacher or, if you are currently a preschool teacher, you can answer the questions yourself.  Your assignment is to select five questions regarding the support of language acquisition and language developmental stages in the classroom. Please review these possible questions that could guide your interview or you can create your own questions.

For this project, choose one of the following methods of completion:

Option 1

  1. Identify five questions that you could ask someone with preschool experience about how they support language acquisition for the stages of development in the classroom.  Document the interview.  You can record the interview (with permission) or you can write your questions and answers.
  2. Analyze the provided answers using your knowledge gained, the textbook, and at least one other resource to substantiate or refute their answers.  You can provide elaboration for or against their responses further strengthening your own understanding.
  3. Summarize and explain three ways you will meet the needs of children in this stage to support their language development using the provided answers and your knowledge.

Option 2

  1. Identify five questions that you may be asked in a future interview regarding how you will support language acquisition for the stages of development in your future professional role.  Document the interview. You can record a mock interview or you can write your questions/answers.
  2. Analyze your own answers using your knowledge gained and information from the textbook and at least one other resource to substantiate your writing.
  3. Summarize and explain three ways you will meet the needs of children in a developmental stage of your choice to support their language development using your knowledge of language acquisition.

The interview can be submitted as a video, an audio recording, or a Microsoft Word document (which would be two to three pages in length).  You will also submit a one- to two-page Microsoft Word document (in addition to the title page and reference page) with your developmental level selected and elaboration of three ways you can meet the needs of the children in this developmental stage.  Please support your ideas with information from the textbook and at least one other outside resource.  Your paper must be written in APA format as outlined in the Ashford Writing Center, and include at least one scholarly resources in addition to the course text.

When you submit your assignments each week, they will be returned to you with specific feedback.  This feedback should be used to revise the assignment for the Final Project.  Please make the necessary corrections and save for Week Five use in the Final Project.

Identify informed opinions on issues and questions involving the U.S. government, national political processes, policy making, and the notion of democracy.

Assignment 1:  Politics – Yesterday, Today, and Tomorrow

 

Write a three to four (3-4) page paper in which the student answers the following three (3) items using headers to separate each item:

 

  1. Discuss either two (2) civil liberties or two (2) civil rights events (past or current) that have influenced a sense of social responsibility in the American government today. Provide examples to support your answer. Note: In your response, consider how the events influenced the way state, local or national political leaders or agencies responded in a socially responsible or ethical manner toward the community.

 

  1. Discuss two (2) media events (past or present) that have positively and or negatively influenced the public’s opinion of a government agency. Provide examples to support your answer. Note: Consider how a news story or media coverage of an event positively or negatively changed the public’s opinion (or perception) regarding how responsible a government agency should be towards meeting the needs of its customers; i.e. the American people.

 

  1. Discuss two (2) differences between the Republican and Democratic parties that may have an ethical impact (positively or negatively) on the American people. Provide examples to support your answer. Note: Consider the different ideals, values, morals, and/or goals held by the Republican and Democratic parties, and their different views on the ethically or morally right way to govern and make the best policies for the people they serve. Determine if your example presents any type of ethical concerns for or against the public interest of the American people.

 

In your research, you cannot use Wikipedia, online dictionaries, Sparknotes, Cliffnotes, or any other Website do that does not qualify as an academic resource.

Your assignment must follow these formatting requirements:

 

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are to:

  • Identify informed opinions on issues and questions involving the U.S. government, national political processes, policy making, and the notion of democracy.
  • Employ terminology used to study political science and American government.
  • Distinguish between civil rights and civil liberties in the context of Supreme Court protection of freedom of expression.
  • Develop reasoned written and spoken presentations on issues and questions involving the U.S. government and national political processes using information in the course.
  • Explain how the federal system of government works.
  • Explore different perspectives on issues and questions about the U.S. government and national political processes.
  • Describe the importance of an informed, effective citizenship for the national government and political processes.
  • Use technology and information resources to research issues in the field of U.S. government and politics.
  • Write clearly and concisely about U.S. government and politics using proper writing mechanics.

 

 

Answer

Submitted by Good_Morning on Sat, 201

Description of how an effective compensation and benefit system contributes to organizational effectiveness.

Assignment for Bonieta123 HR assignmen

Assume the role of a highly regarded human resource consultant hired to review, analyze, and revise the compensation and benefit system utilized by your city’s largest employer, Holland Enterprises. The firm employs 3,500 employees, but since 2010 has lost 25% of its staff. Exit interviews indicate the primary reason a majority of these employees have resigned is because of a compensation and benefit system that is perceived to be unfair and uncompetitive in the marketplace.

Present to the management a revised compensation and benefit strategy. Your proposal should include:

  • Description of how an effective compensation and benefit system contributes to organizational effectiveness.
  • Explanation of the principle components of your revised compensation and benefit system for a large-scale organization as well as a recommendation for each component.
  • Provision of a clear and convincing argument to the already skeptical top managers of this organization to increase their compensation and benefit expenses.

At a minimum, your compensation and benefit system would include the following components:

  • Compensation and benefit philosophy
  • Pay structure architecture (pay grades, pay ranges, and pay width)
  • Ratio of base pay to incentive (bonus) pay
  • Emphases on external equity or internal equity
  • Principle type of benefits to include (example: deferred compensation match, health insurance, vacation and sick leave, etc.)
  • Must utilize a minimum of eight scholarly references in addition to the course text.
  • APA style 12 font, double space, reference page and title page(not included in the 2500-3500.

Analyze & Evaluate the competitive advantage of each company •

Environmental Scan Paper

Write a 1,050- to 1,400-word paper in which you research two companies ( One of the companies is TOYOTA, you can choose the other) and do the following:

•Evaluate the internal and external environments of each company using an environmental scan. •Analyze & Evaluate the competitive advantage of each company •Evaluate the strategies each company uses to create value and gain competitive advantage. •Examine the measurement guidelines each company uses to verify its strategic effectiveness. •Evaluate the effectiveness of the measurement guidelines that each company uses.

Format your paper consistent with APA guidelines. NO PLAGIARISM!

Explain how key social, cultural, and artistic contributions contribute to historical changes.

I NEED SOMEONE TO DO THIS ASSIGNMENT

  1. Due Date
    Tuesday, March 1, 20166:00 PM
    Points Possible
    200

  2.  

    Students, please view the “Submit a Clickable Rubric Assignment” in the Student Center.

    Instructors, training on how to grade is within the Instructor Center.

    Assignment 2: Project Paper – Comparative Essay

    Due Week 8 and worth 200 points

    This “Assignment 2” writing assignment is a comparative essay focused on topics encountered in our HUM 111 class. The project will be based on research but will reflect your views and interpretation of the topic. This project is designed to help you stretch your mind and your abilities as an organized, innovative, and critical thinker. If approached properly, it should also be fun!

    Choose one (1) of the topics from the list of topic choices below. Read the topic carefully. Write a three to four (3-4) page paper (750-1,000 words) that follows instructions and covers each part of the topic. (The title page and References list do not get included in this word count).

    Note: Your instructor may require you to submit your topic choice for approval before the end of Week 5.

    For the topic you choose:

    1. Establish a clear thesis about your topic as part of the introductory paragraph (often the thesis is the last thing one determines after doing the basic research and outline; however it will be placed in the first paragraph of your paper).
    2. This is a comparative essay. Comparison approached properly will require some critical thinking on your part. Use a point-by-point approach for the essay. That means, if comparing subject A with subject B, don’t do the first half of the essay on subject A and then the second half on subject B–that will seem like two (2) separate essays and comparisons will tend to get lost. Instead, you should be mentioning both subjects in most of your paragraphs as you compare them throughout the essay. Comparisons will identify similarities as well as contrasts.
    3. Do not try to do everything on your two (2) subjects. You should end up narrowing your focus to a few insights and issues about the subjects being compared. And, from those fairly specific points of comparison, you will develop a thesis and glean some lessons.
    4. Follow closely the instructions below for your specific topic.
    5. Include a concluding paragraph at the end. This paragraph will, in some way, refer back to the thesis established in your first paragraph, since now you have demonstrated and supported it. It may be here that you also include your observations relating your study to the modern workplace or society (see your topic). Try to finish with flair!
    6. Use at least three (3) good quality academic sources, with one (1) source being the class text. Note: Wikipedia and other similar Websites do not qualify as academic resources. You are highly encouraged to use the Resource Center tab at the top of your Blackboard page.

     

    Topic Choices – Choose just one (1) of the topics below:

    • Qualities of the Hero: Comparing Gilgamesh and Odysseus. Write an essay comparing these two (2) heroic figures from ancient epics of different cultures, especially focusing your analysis on the sources about their encounters with monsters: Gilgamesh encounters the monster guarding the forest, Humbaba, in Tablets 3-5 of the Epic of Gilgamesh (seehttp://www.ancienttexts.org/library/mesopotamian/gilgamesh/; scroll down to the Tablet links; think of “Tablet” numbers like chapter numbers).” Odysseus encounters Polyphemus the Cyclops in Book 9 of The Odyssey (see http://www.theoi.com/Text/HomerOdyssey9.html; from line 105 to the end). Your paper should:

    a) Compare Gilgamesh and Odysseus as to their heroic qualities, noting similarities and differences, using specific examples from the epics.

    b) Summarize what this indicates about differences between ancient Mesopotamian and Greek cultures in their ideals and expectations.

    c) From this comparison, suggest ways that current cultural ideals and expectations shape modern notions about role models and heroes.

     

    • Confucius and Aristotle on Virtue. Write an essay comparing these two (2) ancient thinkers on the concept of virtue or good ethical character and conduct. Stay focused on the issue; keep any biographical or other information short or limited. As much as possible, analyze their writings (in translation, of course), using Confucius’ Analects (at http://classics.mit.edu/Confucius/analects.html ) and Aristotle’sNicomachean Ethics (at http://classics.mit.edu/Aristotle/nicomachaen.html ). Your paper should:

    a) Compare the teachings of Confucius and Aristotle on what constitutes virtue or good ethical character and conduct, noting similarities and differences in specific ideas or emphasis.

    b) Consider what your findings suggest about differences between ancient Chinese and ancient Greek culture.

    c) From this comparison, suggest ideas of virtue that can apply to ethics in a modern setting, such as a diverse workplace.

     

    • Comparing Sculptures of Ancient India and Greece. Write an essay comparing the way gods and humans were depicted in sculpture in ancient India and Greece, and identify the cultural values and ideals that these art works reflect in each case. Your paper should:

    a) Using specific examples, compare the way gods and people were depicted in the sculptures of ancient India and Greece, noting similarities and differences.

    b) Identify the cultural values and ideals that these art works reflect for each society.

    c) From this comparison, suggest a modern situation of artistic expression and the ways it reflects or counters prevailing cultural values.

     

    • Comparing Ancient Skeptics. Write an essay comparing Lucretius and Wang Chong (=Wang Ch’ung), skeptical philosophers of ancient Rome and China. They were skeptical about popular religious and spiritual beliefs and widely-held superstitions. Lucretius was an Epicurean philosopher of Roman culture (Chapter 6). Wang Ch’ung was a thinker in ancient Chinese culture (Chapter 7). Focus your comparison on their writings as found at http://www.humanistictexts.org/lucretius.htm and http://www.humanistictexts.org/wangchung.htm#On Not Flying to Heaven. Your paper should:

    a) Using examples from their writings, compare these two (2) thinkers on their views about specific subjects and on their approach in explaining and expressing their skepticism.

    b) From this comparison, identify popular beliefs in each culture that seem similar and those that seem different.

    c) From this comparison, suggest any modern situation in which materialist skeptics confront spiritual and religious beliefs, and comment on the considerations of free expression and cultural respect.

     

    • Comparing Ancient Male Rulers. Take any two (2) of these rulers and write an essay comparing them: Ramses II, Shihuangdi, Constantine, Ashoka, Pericles, or Charlemagne. Select rulers from different cultures. You may also propose (for approval or not) a ruler not listed. Avoid lengthy quoting or lengthy close paraphrasing from biographical sources. Make it YOUR comparative analysis. Your paper should:

    a) Compare the two (2) rulers in terms of their situation and methods of rule and their apparent ideals and practices, noting similarities and differences. Use specific examples.

    b) Consider what your study suggests about the cultures over which they ruled, identifying any similarities and differences between the cultures.

    c) From this comparison, suggest lessons about different types of effective leadership in the world of modern business and / or modern politics.

     

    • Comparing Ancient Female Rulers. Compare the Tang Empress Wu Zetian (also known as Empress Wu or as Wu Zhao; ruled China around 690-705 AD) with either the Pharaoh Cleopatra (ruled Egypt around 51-31 BC) or the Pharaoh Hatshepsut (ruled Egypt around 1478-1458 BC). You may also propose (for approval or not) a female ruler not listed. Avoid lengthy quoting or lengthy close paraphrasing from biographical sources. Make it YOUR comparative analysis. Your paper should:

    a) Compare the two (2) rulers in terms of their situation and ascent to power, their methods of rule, and their achievements and resourcefulness, noting similarities and differences. Use specific examples.

    b) Consider what your study suggests about the cultures over which they ruled, identifying any similarities and differences between the cultures.

    c) From this comparison, suggest lessons about different types of effective leadership by a female in the world of modern business and / or modern politics.

     

    • Other topic choice using a comparative approach (proposed by student or instructor) and approved by the professor and supported by the grading rubric.

    The Project Paper will be graded on:

    1. The level to which the instructions were followed for the paper generally and for the specific topic.
    2. The establishment of a clear thesis about your topic.
    3. The adequacy and relevance of information, examples, and details which support the general thesis.
    4. Covering each part of the topic as instructed, including the comparisons, the consideration of ancient cultural differences, and the reflection on lessons for modern society or the modern workplace.
    5. The quality of your research and your persuasiveness using critical reasoning.
    6. The use and acknowledgement of a minimum of three (3) required references (the class textbook plus at least two (2) other quality academic sources) documented using the APA style –including both the use of a proper References list and the use of proper in-text citations.
    7. Adherence to standard rules of grammar, punctuation, paragraphing, and mechanics, and general clarity of presentation.

     

    Your assignment must follow these formatting requirements:

    • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Both in-text citations and a References list are required. Citations and references must follow APA style format. Check with your professor for any additional instructions specific to the selected topic. (Note: Students can find APA style materials located in the course shell for guidance).
    • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required page length. For our purposes, you may omit any abstract page.

    The specific course learning outcomes associated with this assignment are:

    • Explain how key social, cultural, and artistic contributions contribute to historical changes.
    • Explain the importance of situating a society’s cultural and artistic expressions within a historical context.
    • Examine the influences of intellectual, religious, political, and socio-economic forces on social, cultural, and artistic expressions.
    • Identify major historical developments in world cultures during the eras of antiquity to the Renaissance.
    • Use technology and information resources to research issues in the study of world cultures.
    • Write clearly and concisely about world cultures using proper writing mechanics.

Analyze how an organization’s goals influence organizational planning that informs strategic decision making.

Need help with Principals of Management research paper on one of listed companies

I need help with research papwer after choosing listed companies

 

  • Analyze how an organization’s goals influence organizational planning that informs strategic decision making
  • Analyze the functions of management and ethical principles for executing effective decision making in organizations
  • Apply management techniques that ensure the continuous improvement of personnel and business processes to measure organizational performance
  • Apply communication techniques aimed at increasing employee performance, thus achieving organizational goals and objectives

 

  • Illustrate the important connection between management and organizational culture

Identify how your personal model of leadership helps you create a sense of meaning and purpose for yourself, others, organizations, and society.

Need Essay Written

Please read the attached details & the attached instructions before sending handshake.

Thank you!

Details:

Write a paper of 1,250 words that presents your complete personal model of leadership. Be sure to incorporate the instructor’s feedback from the draft of Part 1. The 2 parts involved in creating your personal model of leadership are as follows:

 

  1. Select the basic values that will provide the foundation of your model and identify the leadership behaviors that will result from those values. Be sure to select values from all four of the levels: individual, interpersonal, organizational, and societal (be sure to incorporate the feedback from your instructor from your previous draft).
  2. Identify how your personal model of leadership helps you create a sense of meaning and purpose for yourself, others, organizations, and society.
  3. Identify the impact of your contributions to self, others, organizations, and society.

 

This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment

 

You are required to submit this assignment to Turnitin.

 

 

 

Attachments:
application/vnd.openxmlformats-officedocument.wordprocessingml.document iconmh_-details.docx

What are the requirements to create both?

Learning Activity #1

Jake and Kate are two members of an LLC with 15 members.  This is a member-managed LLC with three of the members identified as the managers.  Kate is one of these managers, though Jake is not.  In reality, Jake and Kate together do most of the management for the LLC, contributing approximately equal amounts of time and energy.  They both have spent some of their own money on behalf of the LLC.  In one situation, Jake and Kate each put up $1,000 as a deposit on a contract entered into on behalf of the LLC that the other two managers voted to not perform.  Jake and Kate want to be compensated for their time, want their expenses covered, and are worried about liability on the unperformed contract.  Discuss their rights and liabilities.  How would this differ from a limited partnership.  What are the requirements to create both?

Learning Activity #2

Lisa entered into a limited partnership as a limited partner by investing $25,000 in cash.  There were a total of 50 limited partners and 20 general partners.  The partners elected a management committee that included two of the general partners and Lisa as one of the limited partners.  The certificate of limited partnership was completed, but was filed with the wrong office.  The partnership then commenced business.  Some of the parties with whom it conducted business assumed that the partnership was general partnership because they searched the records of the secretary of state and found no certificate of limited partnership or any other record.  Others assumed that it was a general partnership but had not actually searched the filings.  Still others assumed that it was a limited partnership.  In addition, among those who assumed that it was a limited partnership, some assumed that Lisa was a general partner and others did not.  Ted was a limited partner driving a company truck home because his car died and was in the shop for repairs.  Ted had taken his car to the shop which takes care of all of the company truck but had no authority to do so and did not tell the company.  Ted signed the receipt under the company name.  The business was a cleaners who picked up laundry  cleaned it and then delivered it to the customer. On the way home Ted who was driving the company truck, with the company logo one it,, stopped at a light, and the lady, Carla, in the car next to the truck got out of her car and gave an expensive dress  to Ted to take it back to the company to have it cleaned.   The next day  when Ted went to get into the truck, it had been stolen. Discuss Lisa’s situation with respect to personal liability for partnership debts.  Discuss Ted’s situation with respect to personal liability, and liability of the company.