This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You own stock worth an estimated 1 million in the LPL corporation. In addition, you have personal ... (Read 20 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Jul 1, 2018
You own stock worth an estimated 1 million in the LPL corporation. In addition, you have personal assets worth another 2 million. LPL becomes insolvent, with debts exceeding assets by 15 million. Your personal wealth will decline by
 a. 0
  b. 1 million
  c. 1.5 million
  d. 3 million
  e. your proportion of the total outstanding stock shares times 15 million

Question 2

The corporate form of business organization
 a. is chosen by more firms than any other form of organization in the United States
  b. gives firm owners limited liability
  c. generates less than half of the output in the U.S. economy
  d. combines the limited liability of the partnership with the personal control of the sole proprietorship
  e. is the least complex form of business organization


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nhea

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

B


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Jul 1, 2018
Wow, this really help

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
Is it ethical to break the law to defend our personal integrity? Is it ethical to break the law to defend our personal integrity?
The air pressure going to the nozzle should be reduced to 30 psi or less to help prevent personal ... The air pressure going to the nozzle should be reduced to 30 psi or less to help prevent personal ...
Chiropractor (stock image) Chiropractor (stock image)
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Febrile Seizure

For a complete list of videos, visit our video library