Several years ago, you and a friend started an online home décor retail store. you each invested $30,000 to get the business off the ground. profits were good for the first few years, then you began losing business as other large retail stores began selling online. while sales were dwindling, you kept purchasing inventory in hopes the market would bounce back. it didn’t and now you must close the business. at last check, you owe these suppliers over $75,000; but there is literally $0 in the business bank account. you decide to shut the company down.

for each of the ownership structures below, identify the total personal liability for you and your friend.

sole proprietorship select ($0$30,000$60,000$75,000$100,000) item 1

partnership select ($0$30,000$60,000$75,000$100,000) item 2

llc select ($0$30,000$60,000$75,000$100,000 item 3

corporation select ($0$30,000$60,000$75,000$100,000) item 4

Acompany determined that the budgeted cost of producing a product is $30 per unit. on june 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in june, and the company desires to have 120,000 units on hand on june 30. the budgeted cost of goods sold for june would be

Joe finally found a house for sale that he liked. which factor could increase the price of the house he likes? a. both he and the seller each have a real estate agent. b. a home inspector finds faulty wiring in the house. c. the house has been for sale for almost a year. d. several buyers all want that same house.

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)