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kotegsom [21]
1 year ago
12

Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the part

nership. Each of the other partners has a one-sixth interest. With respect to management decisions
Business
1 answer:
deff fn [24]1 year ago
3 0

With respect to management decisions a majority of the partners must agree, irrespective of the size of each partner's interest in the partnership.

<h3>What is partnership?</h3>

A partnership is an agreement in which two or more parties, known as business partners, agree to work together to advance their mutual interests. Individuals, businesses, interest-based organizations, schools, governments, or combinations can form partnerships.

A partnership is a single business owned by two or more people. Each partner contributes to every aspect of the business, whether it's money, property, labor, or skill. In exchange, each partner shares in the company's profits and losses.

The goal of a partnership agreement (or partnership contract) is to create a legally binding contract between two or more individuals or other legal entities in order to establish a business enterprise. This partnership agreement specifies each partner's or entity's rights and responsibilities.

To know more about partnership follow the link:

brainly.com/question/14034519

#SPJ4

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Relevant information is information you can’t trust true or false
Damm [24]

Relevant information is information you can’t trust-This statement is False because Relevant means that is something that makes sense or is important -So the statement holds False

Explanation:

Relevant information is the information that an individual require to perform a given task.

For example in order to write a program the person needs all the relevant information related to  the program that is to written like the value of the variable,the format of the output required.

The term Relevant means "of Importance"

If a information required is very important then it can be obtained only through proper research work and hence it can be trusted

so we can say that-the statement that  relevant information is information you can’t trust-is False

5 0
3 years ago
Suppose the current exchange rate for the Polish zloty is Z 2.92. The expected exchange rate in three years is Z 3.00. What is t
djyliett [7]

Answer:

The answer is 91% or Supposed to be 0.00905

Explanation:

We can use the relative purchasing power parity equation:

Ft = S0 × [1 + (hFC – hUS)]t

We can find:

Z 3.00 =Z 2.92 [1 + (hFC – hUS)]3    

hFC – hUS = (Z 3.00/Z 2.92)1/3 – 1

hFC – hUS = .00905

The Inflation in Poland is expected to exceed that in the U.S. by 91% over this period.

3 0
3 years ago
Simon Company’s year-end balance sheets follow.
vivado [14]

Answer:

A.Current ratio

2017 191%

2016 248%

2015 289%

B.Acid Test Ratio

2017 101%

2016 139%

2015 183%

Explanation:

A.Computation of the current ratio for the year ended 2017, 2016, and 2015.

Using this formula

Current Ratio =Current Assets / Current Liabilities

2017 2016 2015

Cash $26,403 $29,364 $29,991

Accounts receivable, net

73,552 52,436 40,392

Merchandise inventory 96,214 70,676 43,017

Prepaid expenses 8,255 7,944 3,467

a.Current asset

204,424 160,420 116,867

b.Current Liabilities

Accounts payable $107,101 $64,564 $40,392

Let plug in the formula

(a) / (b) Current Ratio 191% 248% 289%

Therefore the Current ratio are:

2017 191%

2016 248%

2015 289%

B.Computation for acid-test ratio for the year ended 2017, 2016, and 2015.

Using this formula

Acid Test Ratio=Current Assets / Current Liabilities

2017 2016 2015

Cash $26,403 $29,364 $29,991

Accounts receivable, net

73,552 52,436 40,392

Prepaid expenses 8,255 7,944 3,467

a. Current asset

108,210 89,744 73,850

b. Current liabilities

Accounts payable $107,101 $64,564 $40,392

Let plug in the formula

(a) / (b)Acid Test Ratio 101% 139% 183%

Therefore the Acid Test Ratio are:

2017 101%

2016 139%

2015 183%

8 0
3 years ago
On December 1, Year 1, Childe Company purchased $100,000 of bonds issued by Paperman Company at face value. The bonds mature in
REY [17]

Answer: A- The bonds should be reported among assets in the balance sheet at December 31, Year 1.

B- The bonds should be reported at their fair value of $102,000 in the balance sheet.

D- An unrealized gain of $2,000 should be included in other comprehensive income for Year 1.

Explanation:

5 0
3 years ago
Jamil believes that his new Web site is the best way to sell the furniture that he makes in his workshop. If Jamil sells his wor
viva [34]

Answer:

Direct channel

Explanation:

Manufacturers when directly reach out to the customers by making the product available to them without involving any intermediaries are using direct channel of distribution.

in this case, Jamil sells furniture made by him directly to the customers by advertising it on his website. He is using direct channel of distribution in this case.

5 0
3 years ago
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