Answer:
A partnership is easy and inexpensive to establish
the business benefits from pooled knowledge and skills of different partners
the workload is shared
more partners can be added,which could help increase capital
partnerships are not compelled by law to complete audits on financial statements
Explanation:
Answer:
Takeoff
Explanation:
Is the third stageof economic development in which rapid economic growth occurs, theeconomy diversifies from few industries to several industries.
Answer:
Option B:ABC Equity Income Fund
Explanation:
Mutual fund
This iss simply a form of an investment that comes or raises from the hands of investors, pools the money, which is directly invested on stocks, bonds, and other investments. It is said that under mutual funds, investor involved do owns a share of the fund proportionate to his/her investment but do not actually directly own securities. It pools money from investors with similar financial goals
It therefore necessary to achieve both current income and growth of income best suits the objectives and investment profile of the client. The capital appreciation and biotechnology funds not only fail to provide income; they are too risky for this retired person.
Advantages of Mutual funds
-diversification
-professional management, managers have access to high quality information
Advantage of mutual funds
1. Minimal transaction costs includes:
2. B/C mutual funds trade in high volume, they can negotiate lower transaction costs.
Solution:
1% x $88,000 = $880
That's the noncollectable estimate
$88,000 - $880 = $87,120
That's the approximate amount to be collected.
Since $69,600 has already been collected, that leaves $17,520
[ $87,120 -$69,600= $17,520 ]
This is realized but not taken into account.
The amount of net realizable value of receivables on the December 31, Year 1 balance sheet would be: $17,520
Answer:
cyclical unemployment.
Explanation:
Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called cyclical unemployment.