Mona and her friends jack and bobby, all united states citizens, want to open a nail salon in tennessee. they would all like to avoid personal liability for debts of the business and for wrongful acts of each other. they would also like to avoid taxation as much as possible. mona is in favor of a corporation and asks if there is any problem with that form of business. jack and bobby say that they want to receive profit distributions and that they are concerned about excessive taxation with a corporation. jack and bobby urged the formation of a partnership even in the face of personal liability. mona did some research and suggested an s corporation to jack and bobby. would an s corporation provide the favorable tax treatment that the parties desire in a corporate form of business?

Let's consider a hypothetical airline, mudlarks airlines. on one of its flights, precious records show that about 15% of people who had tickets for the flights did not take the flight. there are 120 seats on the plane. 1. how many tickets should mudlarks airlines sell for this flight? 2. as an added consideration, suppose that tickets on this flight cost a flat rate of $250. in addition, mudlarks airlines must give any traveler who purchased a seat for the flight, but who cannot travel due to overbooking, a $400 certificate for their trouble. does this change your answer in question one? now, suppose that mudlarks airlines forms a partnership itch another airline, puffin air. their agreement allocates 100 seats on the flight to mudlarks airlines and another 20 seats to puffin air. the 2 airlines sell tickets for the flight independently of each other. 3. assuming the same 15% no show percent for each airline, how many tickets should each sell?