a) Identify the different types of partnerships and explain the importance of a partnership agreement. (10 Marks) b) Describe the advantages and disadvantages of the partnership form of organization. (10 Marks)
Answers
Partnerships are a popular form of business organization where two or more individuals come together to form a business. There are several types of partnerships: General Partnership, Limited Partnership, Limited Liability Partnership (LLP)
General Partnership: In a general partnership, all partners share equal responsibility and liability in the business. Each partner contributes to the management, profits, and losses of the partnership. Limited Partnership: In a limited partnership, there are two types of partners- general partners and limited partners. General partners manage the business and are personally liable for the partnership's debts, while limited partners invest in the business but don't participate in its management. Limited Liability Partnership (LLP): In an LLP, all partners have limited liability for the partnership's debts, and each partner is only liable for their own actions or omissions. A partnership agreement is a legal document that outlines the terms and conditions of the partnership. It is important to have a partnership agreement for several reasons It helps to establish the roles, responsibilities, and expectations of each partner in the business. It provides a clear understanding of the division of profits, losses, and assets. It outlines the decision-making process, including how disputes will be resolved. It protects the partners' interests and reduces the risk of misunderstandings or conflicts. b) Advantages and disadvantages of the partnership form of organization: Shared risk and responsibility: Partnerships allow individuals to pool their resources and share the risks and responsibilities of running a business. Flexibility: Partnerships are easy to set up and require minimal legal formalities. Partners can decide how they want to run the business and can easily make changes as needed. Access to capital: Partnerships have access to more capital than sole proprietorships since there are more individuals involved in the business. Unlimited liability: In a general partnership, partners are personally liable for the partnership's debts, which means their personal assets could be at risk. Shared profits: Partnerships involve sharing profits and decision-making, which can lead to conflicts or disagreements. Lack of continuity: Partnerships are not perpetual, and they may dissolve if one partner decides to leave or passes away. Limited growth potential: Partnerships may have limited growth potential due to the need to share profits and decision-making with multiple partners
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Related Questions
When you compare prices for new tires, how are you using money in this case?
As a unit of accounting
As a medium of exchange
As a store of value
As an indicator of debt
Answers
When you compare prices for new tires, you are using money primarily as a unit of accounting.
Money acts as a common measure of value that allows you to compare prices of different tire brands and sizes in a standardized way. This enables you to make informed purchasing decisions and get the best value for your money.
Money is not being used as a medium of exchange in this scenario since you are not actually buying the tires yet. It is also not being used as a store of value because you are not trying to save or invest money for future use.
Finally, money is not an indicator of debt in this case as you are not borrowing or lending any money.
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a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answers
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.
Answers
Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.
What do economists think of the federal expenditure?They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.
This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.
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You are managing a project to build an urgent care clinic. Your company is expanding and has constructed 25 clinics so far. Which estimating technique makes the most sense to use in this situation?
Answers
Answer:
Delphi technique
Explanation:
The Delphi model is a technique of group communication in which a panel of experts reach consensus on a set of questions and discussions. This is used to predict or to forecast. First, choose an effective facilitator and experts with relevant expertise, and ensure that the issue is well established after that they reach with a decision
Therefore in the given case, the delphi technique is used
Which people in government and public administration act as first responders during emergencies?
Law enforcement professionals, such as ________, act as the country’s first responders during emergencies, such as natural disasters.
Answers
Answer:
see below
Explanation:
Law enforcement professionals, such as firefighters, emergency medical technicians (EMT's), state police offices, and paramedics, act as the country's first responders during emergencies and natural disasters. The U.S. marshals, deputy marshals, and the military may also be called depending on the gravity of the disaster.
The law enforcement professionals' core mandate is to protect citizen's lives and property. During emergencies, law enforcement agencies are always called upon to execute their mandate with speed and the utmost care.
which of the following statements best illustrates the relationship between the market for products and the market for resources? group of answer choices an increase in the price of cameras will decrease the demand for film. as income rises, people demand relatively smaller amounts of food. an increase in the demand for textiles will increase the demand for textile workers. an increase in the price of butter will cause more people to buy margarine. a decrease in the demand for tea will increase the demand for coffee.
Answers
In regards to the relationship between the market for products and the market for resources, the statement that best illustrates this relationship is: C) an increase in the demand for textiles will increase the demand for textile workers.
This statement represents a direct relationship between the market for products and the market for resources. An increase in the demand for textiles, a product, will lead to an increase in the demand for textile workers, a resource. This relationship is because to meet the increase in demand for textiles, more workers are needed to produce the product.
Similarly, a decrease in the demand for textiles will lead to a decrease in the demand for textile workers.Other statements provided in the question do not illustrate a direct relationship between the market for products and the market for resources. For example, an increase in the price of cameras decreasing the demand for film illustrates a relationship between two products, not a product and a resource. The other statements do not illustrate a relationship between the market for products and the market for resources. Option C is correct.
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Which of these is MOST LIKELY a result of a high unemployment rate in
the United States?
A) increased revenues
B) increased demand for consumer goods
C) increased production of capital goods
D) greater government expenditures for transfer payments
Answers
Answer:
D Greater Government Expenditures for Transfer payments
Explanation:
Explanation. All other answers would positively effect uneployment
Which factor of production would you consider a cow?
Answers
Answer:
Milk
Explanation:
Give brainliest please
Larry works 60 hours a week as a valet. If full-time employment is considered 40 hours per week, how many hours of overtime does Larry work?
Answers
Answer:
20 hours overtime
Explanation:
If Larry works 60 hours, take 40 hours out of that to get 20 hours which would be how much he works overtime.
wright market research is able to borrow money at a rate of 6.8 percent per year. this interest rate is called the: compound rate. cost of capital. cost of debt. capital gains yield. current yield.
Answers
Wright market research is able to borrow money at a rate of 6.8 percent per year. this interest rate is called the cost of debt. The correct option is C.
What is the difference between the cost of capital and the cost of debt?The Cost of Debt is premised on the company's cost of capital, which is the weighted average of the cost of debt and the cost of equity. A seemingly insignificant decision about which tax rate to use can have significant consequences for the calculated cost of capital.
The cost of debt is the effective interest rate paid by a company on its debt, which includes bonds and loans. Debt is one component of a company's capital structure, along with equity. The average interest paid on all of a company’s creditors is used to calculate the cost of debt.
Thus, the ideal selection is option C.
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R. E. Lee recently took his company public through an initial public offering. He is expanding the business quickly to take advantage of an otherwise unexploited market. Growth for his company is expected to be 40 percent for the first three years and then he expects it to slow down to a constant 15 percent. The most recent dividend was $0.75. Based on the most recent returns, the beta for his company is approximately 1.5. The risk-free rate is 8 percent and the market risk premium is 6 percent. What is the current price of Lee's stock
Answers
Answer: $77.13
Explanation:
Based on the information given in the question, the current price of Lee's stock will be calculated thus:
First, the required rate of return will be:
= 8% + (1.5 × 6%) = 8% + 9% = 17%
Year 1:
Cash flow: 1.05
Present value: 0.90
Year 2:
Cash flow: 1.47
Present value: 1.07
Year 3:
Cash flow: 2.06
Present value: 1.28
Year 4:
Cash flow: 118.34
Present value: 73.88
The current price of Lee's stock will be:
= 0.90 + 1.07 + 1.28 + 73.88
= 77.13
The current price of Lee's stock is $77.13.
To examine
the weekly payroll of all employees, one would look at the:
Answers
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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Name the non-partisan organization that has set the rules for U.S. presidential and
vice presidential debates since 1987.
Answers
Answer:
The non-partisan organization that has set the rules for U.S. presidential and vice presidential debates since 1987 is discussed below in details.
Explanation:
A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.
The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.
What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT
Answers
Answer:
The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.
Explanation:
Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.
What are retail banks?Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.
Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.
Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.
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Analyse the importance of price stability in preventing the extreme fluctuations in business cycles
Answers
Price stability plays a crucial role in preventing extreme fluctuations in business cycles and ensuring a stable economic environment. Here are two key reasons why price stability is important in this context:
1. Promoting Economic Confidence: Price stability instills confidence in businesses and consumers, leading to stable expectations and decision-making. When prices remain relatively stable over time, businesses can accurately predict costs and plan investments, fostering long-term economic growth. Likewise, consumers can make informed purchasing decisions without worrying about sudden price increases eroding their purchasing power. This stability in economic conditions encourages business expansion, investment, and consumer spending, all of which contribute to a more balanced and sustainable business cycle.
2. Minimizing Distortions and Inefficiencies: Extreme fluctuations in prices can introduce distortions and inefficiencies into the economy. Rapid price increases, known as inflation, erode the value of money and can lead to hoarding or speculative behavior. On the other hand, rapid price decreases, known as deflation, can discourage spending and investment as individuals and businesses anticipate further price declines. Both scenarios disrupt the normal functioning of markets, making it challenging for businesses to plan, invest, and hire employees. Price stability reduces these distortions, creating a more predictable and efficient economic environment where resources are allocated more effectively.
In summary, price stability is essential for preventing extreme fluctuations in business cycles. It promotes economic confidence, facilitates long-term planning, and minimizes distortions and inefficiencies in the economy. By maintaining price stability, policymakers can support a more balanced and sustainable economic growth trajectory.
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iam a 4 tail fox im a chef and a medic what am i
Answers
Answer:
Explanation:Surgeon
How does this act impact college students who want to open a credit card?
Answers
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 was signed into law to protect consumers from unfair credit card practices.
What is credit card?
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder’s promise to the card issuer to pay them for the amounts plus the other agreed charges.
The act includes provisions that are especially beneficial to college students who want to open a credit card. It requires issuers to verify a student’s ability to repay before issuing a card, limits the marketing of credit cards on college campuses, and requires issuers to provide clear, understandable terms and conditions of credit card agreements.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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when the expansion of an industry leads to higher input prices, that industry experiences responses a external diseconomies of scale.external diseconomies of scale. b internal diseconomies of scale.internal diseconomies of scale. c increasing returns.increasing returns. d diminishing returns.
Answers
The development of an industry prompts higher information costs, the business encounters reactions to external diseconomies of scale.
The option (A) is correct.
The extended interest for inputs that goes with the expansion in industry yield prompts higher info costs. Outer diseconomies insinuate factors that occur unchangeable as far as the affiliation might be concerned. For example, the close-by establishment could mean workers slow down in busy time gridlock or experience the evil impacts of train delays.
This could achieve staff to be late, focused, and subsequently, wasteful. Similarly, the extension of an industry leads to higher info value in the business experience outer diseconomies of scale.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Which job titles both require a
car?
Pizza Delivery Person
and Cashier
IT Supervisor and
Pharmaceutical
Salesperson
AL501
Pharmaceutical
Salesperson and Pizza
Delivery Person
Web Designer and IT
Supervisor
Elf
Which job titles both require a car?
Answers
Answer:
sales person and delivery person
Pharmaceutical Salesperson and Pizza Delivery Person are the two job titles that require a car or vehicle for completion of the tasks. Therefore, the option C holds true.
What is the significance of a job title?A job title can be referred to or considered as the designation given to an employee or a worker for the job or task that he or she performs while being employed or on a contractual basis. A job title is always in direct relation with the job description and requirements of the job.
The jobs of both a salesperson, and a pizza delivery person, are such that they need a car or vehicle of any kind in order to carry out the tasks of their job in an efficient way.
Therefore, the option C holds true and states regarding the significance of a job title.
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We suppose an economy defined by:
Y=10000 ; G = 2000 ; T = 1000 ;
r (real interest rate) = 3%;
C = 400 + 0.6 (Y-T) ;
Lo (factors that affect demand of moeny) = 5 ;
Ms (money supply) = 15000 ;
Mg (growth rate of money) = 10% ;
Yg (growth rate of Y) = 7%
question : If M increase by 3%, the P increase by ? ( the options I have are : 1.22%/1.23%/1.24%/1.25%)
Answers
Answer:
Explanation:
To find the percentage increase in P if M increases by 3%, we need to use the equation for the quantity theory of money, which is:
M * V = P * Y
Where M is the money supply, V is the velocity of money, P is the price level, and Y is the output of the economy.
If M increases by 3%, then the new value of M can be found by multiplying the old value of M by 1 + the percentage increase:
M' = M * (1 + 0.03) = 15000 * 1.03 = 15450
We can then solve for the new value of P by substituting the new values of M and Y into the equation:
P' = (M' * V) / Y = (15450 * V) / 10000 = 1.5450 * V
We can then find the percentage increase in P by taking the difference between the new value of P and the old value of P, and dividing by the old value of P:
Percentage increase in P = (P' - P) / P = (1.5450 * V - 1) / 1 = 0.5450 * V
So the percentage increase in P is 0.5450 * V.
what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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In terms of business strategy, blue oceans represent which of the following? (Check all that apply.)
-a crowded market space
-increased competition
-increased demand
-untapped market space
Answers
In terms of business strategy, blue oceans represent increased demand and untapped market space. Blue oceans represent untapped market space in terms of business strategy.
Blue ocean strategy focuses on creating new market spaces where competition is minimal, allowing a business to capitalize on the potential for growth and profit. In contrast to red oceans, which represent crowded market spaces and increased competition, blue oceans offer a more innovative approach for businesses to differentiate themselves and meet the needs of underserved customers.
This means that a company can create a new market space that is not currently being served by any other companies. By doing this, the company can create a demand for their product or service and increase their revenue. Blue oceans are different from red oceans, which represent crowded market spaces with high levels of competition. In red oceans, companies are competing for the same customers, which often leads to price wars and a decrease in profit margins. In contrast, blue oceans allow companies to differentiate themselves from their competitors by offering unique products or services that are not currently available in the market. This can lead to increased demand and higher profit margins. Overall, blue ocean strategy is a way for companies to create new opportunities for growth and success by exploring untapped market spaces. It requires innovation, creativity, and a willingness to take risks, but can ultimately lead to long-term success and profitability.Know more about the Blue ocean strategy
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If you’re not careful, it can become costly to use P2P payments. Name at least 3 ways you could LOSE money using person-to-person apps
Answers
P2P payment is a medium of transferring funds to purchase cryptocurrencies.
Cryptocurrencies means an electronic form of currencies with huge volatility.
Three ways by which one can lose money on the platform:
If money are sent to the wrong bank account.Money sent to wrong address are irretrievable.Through the intelligence of scammersIn conclusion, in an attempt not to lose money, Crypto-currencies service providers introduced the P2P known as Peep-to-Peer.
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Explain what it means to diversify across investments ?
Answers
Answer:
true
Explanation:
diversification isna technique that reduces risk by allocating investment across various financial instrument across various fiancial instrument industries and other categories . it aims to maximize returns by investing in different areas that would each react differently to the same event
Amy works as a teller at the local bank. What kind of education would Amy likely have needed for her job?
Answers
Answer:
high school diploma
Explanation:
Answer:
High School Diploma
Explanation:
I took the test said it was right. Also when you search what the requirements to become a bank teller it says "High School Diploma or equivalent."
when a bank says their savings account earns 1% APY interest, that typically means you will earn 1% interest over what period of time
A. monthly
B.Daily
C. Annually
D. Quarterly
Answers
Answer:
A.number monthly. i think
If the economy is at potential output, and the fed decreases the money supply, in the long run, the price level will likely:____.
Answers
If the economy is at potential output and the Fed decreases the money supply, in the long run, the price level will likely decrease.
When the Fed decreases the money supply, it reduces the amount of money available in the economy. This reduction in money supply leads to a decrease in aggregate demand. As aggregate demand decreases, there is less pressure on the production capacity of the economy, which leads to a decrease in the price level.
In the long run, the economy tends to adjust to its potential output level, where resources are fully utilized and there is no output gap. As the decrease in aggregate demand persists, it puts downward pressure on prices.
This is because producers are likely to reduce their prices to stimulate demand and maintain competitiveness in the market. Therefore, in the long run, the price level is likely to decrease as a result of the decrease in the money supply.
When the money supply is decreased in an economy operating at potential output, it is expected that the price level will decrease in the long run. This adjustment occurs as the economy seeks to restore equilibrium between aggregate demand and potential output.
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Why do you think Bill Bowerman liked that Tinker shared his thoughts about the test shoes
Answers
Answer:
to connect
Explanation:
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