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2 years ago

All of the following statements regarding a limited partnership subscription agreement are true except

1 answer:

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*A limited partner's signature on the subscription agreement grants the general partner power of attorney to conduct the partnership's affairs. The subscription agreement for a limited partnership is deemed accepted when the general partner signs the subscription agreement.

<h3>What is a subscription agreement for a limited partnership?</h3>

The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership. When the general partner signs the subscription agreement, it is considered approved for a limited partnership.

<h3>What does the general partner's signature on the subscription agreement mean?</h3>

The limited partners are given authority to manage the partnership's affairs by the general partner's signature. The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership.

<h3>What is a recourse note in a limited partnership?</h3>

Recourse notes obligate the limited partner to make payments regardless of what transpires. He is legally responsible for the $40,000, making his tax base and possible maximum loss $50,000.

A) manage partnership assets on behalf of the partnership as an agent. B) offer the limited partnership real estate.

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OCF from Several Approaches [L01] A proposed new project has projected sales of $125,000, costs of $59,000, and depreciation of

natulia [17]

Answer:

Please see below

Explanation:

In order to calculate the operating cash flow, we will get the value of net income. The income statement is calculated as;

Sales

$125,000

Less :

Costs

($59,000)

Depreciation

($12,800)

EBIT

$53,200

Less tax 35%

($18,620)

Net income

$34,580

1. Using the tax shield method

OCF = (Sales - Costs)(1 - Tax) + Tax(Depreciation)

OCF = ($125,000 - $59,000)(1 - 35%) + 35%($12,800)

OCF = ($66,000)(0.65) + $4,480

OCF = $42,900 + $4,480

OCF = 47,380

2. Using the financial calculation

OCF = EBIT + Depreciation - Taxes

OCF = $53,200 + $12,800 - $18,620

OCF = $47,380

3. Using the top down approach

OCF = Sales - Costs - Taxes

OCF = $125,000 - $59,000 - $18,620

OCF = $47,380

4. Using the bottom up approach

OCF = Net income + Depreciation

OCF = $34,580 + $12,800

OCF = $47,380

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3 years ago

Trader Joe's is an American chain of grocery stores headquartered in Monrovia, California. Trader Joe's creates a competitive ad

Goryan [66]

Answer:

Differentiation focus strategy

Explanation:

Competitive advantage is defined as the factors or strategy that gives a firm an edge over others in the same industry.

They are able to sell more product and make more profit than their competitors.

Trader Joe's creates a competitive advantage by its ability to incorporate upscale or attractive attributes into its product offerings at lower costs than rivals.

They are using differentiation focus strategy which entails developing a unique product based on selected attributes that are widely valued by customers.

Focus is given to making products that specifically meet these needs.

The result is a product that is unique in the industry. Products from Trader Joe's can't be found anywhere else. Also they provide a unique atmosphere and unique interaction with their staff.

They have been able to have reduced pricing through research and other tactics aimed at reducing cost of production in a sustainable manner.

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3 years ago

An analyst with a national ratings agency is concerned about a firms ability to meet its short term obligations. To evaluate the

Semmy [17]

Answer:

a. Balance Sheet

Explanation:

The balance sheet reports the total assets, total liabilities and stockholder equity.

The total asset is comprised of the current asset, fixed assets, and the intangible asset

The total liabilities comprise of current liabilities and long term liabilities

The aim to make the balance sheet is to analyze the liquidity, financial performance, position of the company

Whereas the cash flow statement shows the inflow and outflow of cash and the income statement records total revenues and total expenditures.

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3 years ago

1. Compute a single plantwide overhead rate for the year, assuming that the company assigns overhead based on 125,000 budgeted d

melamori03 [73]

Answer:

a. $17.44 per hour

b. $43,600 ; $104,640

Explanation:

The computation is shown below:

a. Single plantwide overhead rate equals to

= Total Overhead Amount ÷ Budgeted Direct Labor Hours

where,

Total overhead amount is

= $625,000 + $900,000 + $105,000 + $175,000 + $300,000 + $75,000

= $2,180,000

And, the budgeted direct labor hours is 125,000

So, the overhead rate is

= $2,180,000 ÷ 125,000

= $17.44 per hour

2. Now the overhead cost is

For Deluxe model

= 2,500 direct labor hours × $17.44 per hour

= $43,600

For basic model

= 6,000 direct labor hours × $17.44 per hour

= $104,640

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3 years ago

All of the following stockholders' equity accounts of a foreign subsidiary are translated at historical exchange rates except:?

Citrus2011 [14]

Answer:

a.retained earnings.

Explanation:

All of the below mentioned accounts are acquired at historical cost and cash benefits do not change for them, as because they are acquired on cost, that is there carrying value is cost and related to amount for which it was acquired, further retained earnings includes the balance of current earnings added, therefore as per rules retained earnings are not converted, on historical conversion rate, and will be converted using current conversion rates of currency.

Final Answer

a.retained earnings.

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3 years ago