10.Travis has agreed to invest $25,000 in a partnership with his sister Elaine and her husband Ronald. Travis does not intend to actively work in the partnership. Elaine and Ronald have agreed to permit Travis to share in the profits without participating in the operation of the business. As an expert on forms of business ownership, Travis asks you to recommend a form of business which would be best for him. What is your recommendation

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: