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Vitek1552 [10]
2 years ago
8

In a limited partnership, limited partners do not have the same rights as general partners to participate in management. Group o

f answer choices False True
Business
1 answer:
dimaraw [331]2 years ago
5 0

In a limited partnership, limited partners do not have the same rights as general partners to participate in management. This statement is true.

<h3>What is a limited partnership?</h3>

A limited partnership is a type of partnership that is made up of general partners and limited partners. The liability of limited partners is limited to the amount invested in the business while the general partners have unlimited liabilities.

The limited partner cannot partake in the daily running of the business unlike the general partner.

To learn more about limited partnership, please check: brainly.com/question/9244934

#SPJ1

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Last year there was no change in either the raw materials or the work in process beginning and ending inventories. However, fini
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Answer:

d. $625,000

Explanation:

cost of goods available for sale = cost of goods manufactured during the current period + finished goods inventory at the beginning of the period

  • cost of goods manufactured during the current period = $600,000
  • finished goods inventory at the beginning of the period = $25,000

cost of goods available for sale = $600,000 + $25,000 = $625,000

cost of goods sold = cost of goods available for sale - ending inventory = $625,000 - $40,000 = $585,000

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3 years ago
You own a fixed-income asset with a duration of five years. If the level of interest rates, which is currently 8%, goes down by
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Answer:

0.4629%

Explanation:

Given:

Duration of fixed assets (D) = 5 year

Interest rate (r) = 8% = 8/100 = 0.08

Decrease in Interest rate point(ΔY) = 10 basis = 10/100 = 0.01%

Computation:

D* = D / (1 + r)

D* = 5 / (1 + 0.08)

D* = 5 / 1.08

D* = 4.6296

Computation:

ΔP/P = D* × ΔY

= 4.6296 × 0.01%

= 0.4629%

Therefore, Price of the assets go up to 0.4629%.

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3 years ago
1. Which one of the following is a correct statement about franchisees?
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A Franchisee sell the right to make a product to franchisors

6 0
3 years ago
ichael McNamee is the proprietor of a property management​ company, Apartment​ Exchange, near the campus of Penscola State Colle
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Answer:

Option "A" is the correct answer to the following statement.

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Business Entity Assumption state that businessman and business are a different entity.

Under the Business Entity Assumption, Personal assets and Company assets are always different, Personal assets will never show in the Company's balance sheet.

In the case of Michel McNamee his bank account and personal home in not recorded in the company's book.

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