Limited liability partnership

Pearson Air & Conditioning services financed its operations mostly through debt. Its total liabilities (both current and long term) were $136,211 compared to stockholders’ equity of $126,625. The company might be able to reduce its bank loans by reducing its inventory levels, its cash balance, and speeding up the collection of its credit sales. Currently…

The ratios calculated above reflect the performance of Kanat Limited. ROCE: There is minor increase of ROCE from year 2016 to 2017. Therefore, despite of small increase, it is good indicator that return is increasing. Operating Profit %: There is decline in operating profit which indicates that operating expense has…

The four key changes that were apparent in the HCA’s results were that revenue increased 8.5 percent to $8.434 billion, compared to $7.769 from the previous year. The revenue growth was attributed to patient volumes and patient utilization at the organizations facilities. Admissions increased 7.4 percent, a substantial percent increase from the previous year. Their cash flow from operations totaled $1.263 billion compared to $1,387 billion the year before. The facility emergency room visits…

ORIGIN OF LOSS: Insured has presented a mold report from KATHRYN L. PASCALE, INC. 1302 SW 1st AVENUE FORT LAUDERDALE, FL 33315 Office: (954) 524-3910. The mold report was attached to the loss notice so I have not attached to this report. The mold report states there is mold in a wall under window in common area. It also states there is mold under sink and cabinet should be removed to determine extent of damages. The report also found mold in AC closet and recommended it be removed by…

he Income Summary account is used to Close the revenue and expense accounts. The income summary account is a transitional account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or loss that the business incurred during the period. Thus, shifting revenue out of the income statement means debiting the revenue account for the total amount of revenue…

existing companies to form one company. That is, it is the transfer of undertaking and liabilities from one company to another company. According to Marof , Chiplin and Wright , they have all defined merger as a combination of the assets and liabilities of two firms to form a single business entity. Under the Kenyan companies Act, mergers has been defined as either a transfer of undertaking, property and liabilities of one or more public companies (including the company in respect of which…

SMEs (Small & Medium Size Enterprises) do not have a specific definition. They are defined in different ways according to individuals or organizations. In a general prospective; an SME is a small or medium business, company or organization that is usually established by one individual or two as partners. A business with small/medium scale revenue, small/medium facility and a small number of employees can be considered an SME (Baenol, 1994). SMEs are considered one of the essential economical…

Ethel Carew Tax Exemption Assignment #2 Due 3/16/15 The key to a mutually beneficial corporate sponsorship agreement is for both parties involve to enter into a written, legally enforceable agreement. One that will spell out the scope of the agreement in terms of fees, mutual expectations, ongoing oversight, follow-up procedures and procedure (s) for termination should any party default. Corporate sponsorship income is vigorously scrutinized by the IRS and a non- profit organization such as…

1. The name cannot be the same as an existing LLC in your state.1 2. The name must specify that your organization is an LLC (ex: "LLC" or Limited Company").1 3. The name cannot contain words prohibited by your state (ex: "bank" or "insurance").1 B. What state licenses & permits are needed & which state agencies do you need to register with? 1. File Articles of Organization with the South Carolina Secretary of State’s Office.2 2. Register with the South Carolina Department of Revenue (SCDOR) for…

Basic journal entries The following transactions pertain to the Jennifer Royall Company: May 1 Jenni¬fer Royall invested cash of $25,000 and land valued at $15,000 into the business. Cash…. $25.000 and Land $15,000= Owner’s equality $ 40,000 5 Provided $1,000 of services to Jason Ratchford, a client, on account. Account receivable $1,000 Revenue $1,000 9 Paid $1,250 of salaries to an employee. Salary Expensive $1,250 Cash $1,250 14 Acquired a new computer for…