Answer:
The answer to this question is, it depends on the motive for the dissolution.
Explanation:
Partnerships can be very rewarding. Yet they are the most unstable of all the legal personalities which can be created for the purpose of for-profit operations or not-for-profit operations.
The dissolution of a partnership can happen for any of the following reasons:
- Bankruptcy
- Change in business practices
- Death
- Partner negligence
- Poor cash flow and
- Retirement
If a person maliciously deploys any of the scenarios as an excuse to dissolve the partnership, then it becomes unethical. This, of course is difficult to prove. A very unethical case would be to dissolve a partnership a partnership, make away with business secrets to start another. If this is discovered and can be proven, the aggrieved party may seek redress in the law court.
Cheers
Answer:
July 1, 2020
Dr. Account Receivable $56,000
Cr. Sales $56,000
July 9, 2020
Dr. Cash $54,880
Dr. Sales Discount $1,120
Cr. Account Receivable $56,000
Explanation:
Credit terms of 2/10, n/30 means there is a discount of 2% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.
As Payment of $56,000 is received within the discount period. So, the discount will be
Discount = $56,000 x 2% = $1,120
Amount Paid = $56,000 - $1,120 = $54,880
Answer:
six months
Explanation:
Restricted shares are form of securities that are gotten in private sales, from an affiliate of the issuer or through an issuing house. Basically, restricted securities are a form of compensation given to investors in exchange for providing start up capital to a company hence are issued through employee stock benefit plans, private placements, regulation offerings etc.
According to rule 144, before an investor could sell any restricted securities in the market place, such securities must be held for a certain period of time, usually six months for a reporting company, who is subject to the reporting requirements of SEC 1949.
However, where the issuer of the securities is not subjected to reporting requirements of SEC, then the investor could hold them for a period of one year.
Answer:
1,C. Fixed
2.D. Variable
Explanation:
A fixed-rate loan has an interest rate that doesn't change throughout the life of the loan. Because the rate remains the same for the entire term, the monthly loan payment shouldn't change, resulting in a relatively low-risk loan. As you compare loan options, note whether or not loans feature fixed rates
.A floating interest rate, also known as a variable or adjustable rate, refers to any type of debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the life of the instrument.
