Accounting

5. Kraft is a limited partner of Johnson Enterprises, a limited partnership. As provided in the limited partnershipagreement, Kraft decided to leave the partnership anddemanded that her capital contribution of $20,000 bereturned. At this time, the partnership assets were$150,000 and liabilities to all creditors totaled $140,000.The partnership returned to Kraft her capital contribution of$20,000.a. What liability, if any, does Kraft have to the creditorsof Johnson Enterprises?b. If Johnson Enterprises had been formed as a limitedliability company, what liability, if any, would Krafthave to the creditors of Johnson Enterprises?

What is real property and personal property? Explain the types of tenure and distinguish between joint tenancy and tenancy in common. In what fundamental ways does intellectual property differ from real property?

Why the company by placing the responsibility for handling share capital certificates in separate and independent organizations to fully implement internal control concept of separation duties?

5. Identify the type of specialized investment that each of the following situa- tions requires. a. You hire an employee to operate a machine that only your company uses. b. An aerosol canning company designs a filling line that can be used only for a particular firm's product. c. A company builds a manufacturing facility across the street from its pri- mary buyer. 6. Under what conditions might the Justice Department approve a merger between two companies that operate in an industry with a premerger Herfindahl- Hirschman index of 2,900 if the postmerger index is expected to increase by 225?

Define the differences, advantages or disadvantages to proprietorship, partnership, and corporate  business

What are joint-venture companies and advantages of joint ventures  over wholly owned subsidiaries? Discuss

Define asset and liability

Company is artificial legal person. How does it achieve the status of artificial legal personality and through adopting which steps, a company starts business? Elaborate

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Question 2 of 10. Paul owns 100 shares of stock in an S corporation which he purchased for $57 per share. He gave 10 shares to his daughter, Julie. He also sold 10 shares to his friend, Bill, for $65 a share. What are Paul, Julie, and Bill's respective bases after those transactions? Paul: $4,560Julie: $570Bill: $570 Paul: $4,560Julie: $570Bill: $650 Paul: $5,700Julie: $570Bill: $570 Paul: $5,700Julie: $570Bill: $650

What are the key steps in refining oil. How does the refinery industry deploy capital to increase its yield in the refineries so it get more and more higher valued products and increase its yield?   The midstream, both gas and oil, has a value chain and contract structure all its own. Provide an overview of the value chain and highlight the key differences between oil, gas and NGLs?

which kind of shares would you expect to pay higher average return: shares in an industry that is very sensitive to economic conditions (such as an automaker) or shares in an industry that is relatively insensitive to economic conditions (such as water company)? why?

The following table provides the annual profits of two startup tech firms along with their present value of profits calculated at an interest rate of 5 percent. Which firm would be your recommendation for an acquisition? Explain. Year Firm AProfits Firm BProfits 1 $1,000,000 $5,000,000 2 $1,200,000 $2,000,000 3 $1,400,000 ($800,000) 4 $1,500,000 $500,000 5 $1,600,000 ($100,000) PV $5,737,885 $6,217,892

Q20. What is a corporation in Canada? a) A business owned by two or more individuals with equal shares b) A business owned by two or more individuals with different shares c) A business in which partners have limited liability for the actions of other partners d) A business that is a separate legal entity from its owners

Tucker works for a retail distribution company that was recently started. Tucker has invested a lot of his earnings into shares of the company. When quarterly earnings are posted, Tucker receives a check for 8% of the quarterly profit of the company. Tucker belongs to a __________ corporation.

Help please

Definite business life and separate legal entity are characteristics of a corporation. O True O False

c) In June 2020, Singapore Airlines Limited undertook a renounceable rights issue of new ordinary shares in the capital of the company and mandatory convertible bonds to entitled shareholders. • Explain the renounceable rights issue of ordinary shares and discuss the advantages and disadvantages. Explain to Jay what is convertible bonds and why would Singapore Airlines undertake mandatory convertible bonds to entitled shareholders?

Homer owns 100% of the common and preferred shares in Homer's Recreation Inc.(HRI). HRI signed a boat loan agreement with a boat loan company, then sold the boat to Selma. The boat loan was protected by properly-registered specific security agreement, which creates a first charge on this property. What can the boat loan company do? Select all correct answers. 1) Sue Homer for deficiency 2) Seize the boat from Selma 3) Sue Homer's Recreation Inc. for deficiency 4) Sue Selma for deficiency

Please explain the answer:

Using the graph below please answer questions a) - b): Value of Firm Assets $ 10 M a. Draw a graph for the value of the stake of shareholders of company XYZ at maturity of the debt. Be specific, indicate all important points and values on the graph, label th b. Suppose that assets of XYZ can take the following values at maturity of debt: Probability 30% 35% 20% 15% Value $35M $ 20 M $ 10 M $7 M 1. Calculate the Expected Value of Debt of XYZ at maturity of the debt. 2. Calculate the Expected Value of Equity of XYZ at the time of maturity of the debt. Value of the Stake of Bondholders of company XYZ at maturity of the debt

Explain three rights of preference shareholder over ordinary shareholder

This one please. Thank you

10. Using trusts to transfer assets Trusts are used to transfer assets from an estate. The contractual nature of a trust probating its assets upon the death of the and may federal estate tax. An attorney who practices law should be hired to draft the trust in order to ensure that all of the benefits of establishing a trust are realized. Rebecca and Maria both created trusts but used different approaches: Rebecca Rebecca created a trust in which she has the right to change its terms or even cancel it. The trust goes into effect while she is still alive. When Rebecca dies the assets will be considered part of her estate. What kind of trust did Rebecca most likely create? O A testamentary trust An irrevocable charitable remainder trust A revocable living trust O An irrevocable living trust Maria Maria is a successful professional who has three competitive children. To avoid fueling sibling rivalry, Maria created separate trusts for each child with the same amount of money funding each…

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36. Assume you have placed a value of operations on Champion Inc. of $3,500,000. The firm has marketable securities of $75,000. In addition, the firm recently reported total assets of $7 million along with long-term debt of $1.5 million and preferred stock of $250,000. If Champion has 500,000 shares outstanding, what is the intrinsic value of the firm’s common stock?    Only typed answer