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MariettaO [177]
2 years ago
10

xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions

that are binding on both parties. at one of their parties a guest is injured on a piece of equipment. the guest sues xavier and shawn, and they find they're personally liable for any damages. what kind of business structure do they have?
Business
1 answer:
Dominik [7]2 years ago
7 0

xavier and shawn are co-owners of a party-planning business. they split all of the profits 50-50 and are able to make decisions that are binding on both parties. General partnership

<h3>What is partnership?</h3>

A formal agreement between two or more parties to run a business, share earnings, and manage it is known as a partnership.

Partnership agreements can take many different forms. Particularly in a partnership business, all partners equally share obligations and rewards, although in other businesses, partners may have limited accountability. The so-called "silent partner" is another option, in which one party does not participate in the day-to-day management of the company.

A partnership is a contract between two or more people to manage a business's operations and split the company's assets and liabilities.

All partners in a general partnership are equally responsible for the business's assets and liabilities.

To learn more about partnership from the given link:

brainly.com/question/25623677

#SPJ4

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The firm receives an average of $20,000 in checks per day. The weighted average delay in clearing the checks received is 3 days.
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Answer:

<u>$26000</u>

Explanation:

from the question;

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