Split the money they receive for their performance

Assignment Help Business Economics
Reference no: EM13837148

1. John, Denny, Cass, and Michelle decided to perform music together from time to time. John would pay to book a venue. Denny would pay for gas in Cass’s car (a beat up car, but that she later replaced with a Porsche), and Michelle would buy dinner before their gig. Has a partnership been formed? How should they split the money they receive for their performance?

2. Mark knew a guy named Bruno who had a good voice and was both uptown and had some funk. They decided to make a record together. Bruno started spending money on a limo driver named Julio. He also called the police and firefighters. Bruno did this without sharing this information with Mark. Is there a partnership? What, if anything, might Mark owe for Bruno’s expenses?

3. Please explain the difference between a general partnership, LLC, Chapter C Corporation, and Chapter S Corporation.

4. Please explain the different types of shares in that may be present in a corporation and their significance.

5. Please explain the role of management Vis to Vis the corporation itself and other stakeholders in various situations.

Reference no: EM13837148

Questions Cloud

Perfectly competitive factor market : In a perfectly competitive factor market, a firm faces a(n):
Marginal abatement costs : Initially, two steel firms are each releasing 100 units of pollution, for a total of 200 units. The government wants to reduce emissions by 40%. The steel firms have the following marginal abatement costs (MAC): If Pigou tax approach is used, what wo..
How medical services or treatment should be microallocated : Paul Ramsey and James Childress are two bioethicists who have differing views on how medical services/ treatment should be microallocated. Briefly define the term microallocation. Describe the two approaches
About cost shifting versus price discrimination : Your pharmacy provides services to Medicare and PPO patients. You estimate a price elasticity of demand of -2.2 for Medicare patients and -5.3 for PPO patients. What is the profit-maximizing dispensing fee for Medicare and PPO patients? Why might the..
Split the money they receive for their performance : John, Denny, Cass, and Michelle decided to perform music together from time to time. John would pay to book a venue. Denny would pay for gas in Cass’s car (a beat up car, but that she later replaced with a Porsche), How should they split the money th..
Simple microscope and compound microscope : Whats the diffrencce between a simple microscope and a compound microscope
Monsanto attempts to balance stakeholder interest : Monsanto Attempts to Balance Stakeholder Interest
Write one page about path of lights : Write One Page about path of lights
Define gross domestic product and gross national income : Define gross domestic product (GDP) and Gross National Income (GNI) and their main features. Identify the shortcomings of GDP as a measure of economic activity and economic welfare.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Difference-in-difference estimator of effect of job earnings

Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year,..

  What is the inflation rate mexico should run

Assume quantity theory of money holds with constant K and Kf. Suppose Mexico wants to stabilize the exchange rate of its currency with US dollar (dollars/peso). (1) If US is running a 5% inflation rate solely due to the increase of money supply, what..

  Elucidate per-worker production function

depreciation is 5 percent of capital in both countries and country A saves 10 percent of output whereas country B saves 20 percent. If A starts out with a capital-labour ratio of 4 and B starts out with a capital-labour ratio of 2, in long run:

  What must happen to induce foreign residents to buy the bond

What must happen to induce foreign residents to buy the bonds? If foreign residents desire to purchase the bonds, what is the most important source of dollars to buy them?

  Accurately predicts the resulting increase in price

Suppose the demand curve for a product is represented by a typical downward-sloping curve. Now suppose that the demand for this product increases. Which of the following statements accurately predicts the resulting increase in price?

  A linear cost per week

A linear cost per week

  Winners and losers from using corn to produce ethanol

Who is the winners and losers from using corn to produce ethanol (gasoline)? Identify some of the unintended consequences of using corn to produce ethanol (gasoline).

  Traded in a perfectly competitive market

Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyer’s full willingness to pay while the supply curve reflects all production costs. Maximum willingness to pay exceeds minimum acceptable price:

  What is purchasing power parity

What is purchasing power parity? How is it different from exchange rate? Demonstrate difference between the two.

  Find the subgame perfect equilibrium

Consider the following game. A firm currently on the market (incumbent firm) faces the potential entry of one firm (the entrant). If the incumbent remains alone on the market, his profit is 1000. The incumbent can try to convince the entrant to do no..

  Find the cournot equilibrium

Two identical firms, Firm 1 and Firm 2, compete in quantity in a market where inverse demand is P(Q) = 100 − Q and there exists a constant marginal cost of 20 per unit. Find the Cournot equilibrium.  Find the response functions q1(q2) and q2(q1)

  What is the value of g for this third series over the same

Each of these two cash-flow series is equivalent to a third series, which is a uniform gradient series. What is the value of G for this third series over the same five-year time interval?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd