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1 year ago

A common type of partnership that involves a managing partner and a financial partner is known as a(n):________

1 answer:

7 0

A general partnership is a partnership when all partners share in the profits, managerial responsibilities, and liability for debts equally.

<h3>What is general partnership?</h3>

A general partnership, the most basic type of partnership under common law, is an organization of people or an unincorporated company that has the following major characteristics: Agreement, proof of existence, and estoppel must all be used to create it.

Two conditions must be met in order to form a general partnership: The company must have at least two owners. All partners must agree to accept unlimited personal responsibility for any debts or legal liabilities incurred by the partnership.

Unless otherwise stated in the agreement, all partners in a general partnership have equal standing and the authority to participate in the management of the business. When a decision must be made, each partner is usually given one equal vote.

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Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will ______. T

Maslowich

Answer:

Decrease, Increase and frictional

Explanation:

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will <u>DECREASE</u>. The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will <u>INCREASE</u>. The temporary unemployment resulting from such sectoral shifts in the economy is best described as <u>FRICTIONAL</u>

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4 years ago

Where can natalie find out whether biscuits has outstanding debt? how can natalie determine whether biscuits would be able to me

Brilliant_brown [7]

It's recommended for her to go over the annual report and playing very close attention to the auditor's remarks, then to compute the debt to total assets ratio so she can measure the long-term debt-paying ability. By doing this she'll discover if they have a high percentage, leading that this company is not safe to invest with.

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4 years ago

Dave sells 4 gallons of milk at $5 per gallon. If he increases his sales to 5 gallons at the same price per gallon, calculate

Snezhnost [94]

Answer:

Dave's marginal revenue from selling milk is $ 5.

Explanation:

This problem requires us to calculate Dave's marginal revenue from selling milk. The marginal revenue is calculated by subtracting current reveue form the expected or forecasted revenue. Detail calculation is given below.

Current reveune = 4 * 5 =20 dollars -A

Expected Reveunue = 5 * 5 = 25 dollars -B

Marginal revenue = A-B = 25- 20 = $ 5

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4 years ago

A hypothetical interest rate whose only function is to compensate lenders for the opportunities they forgo by not having access

aev [14]

An interest rate that is hypothetical and has the singular function of showing the returns that lenders forego when they don't have access to the loaned funds is pure rate of interest.

<h3>What is the pure rate of interest?</h3><h3 />

The pure interest rate is a rate that is found in perfectly competitive markets and relates to foregone profit.

This rate might be hypothetical but it functions to show how much returns those who loan money would gain if they had access to the money they loaned to a loanee.

This rate is impractical however because it assumes a world where there is no risk which is simply not possible.

In conclusion, this is the pure rate of interest.

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2 years ago

A beauty products manufacturer packages its face wash and facial moisturizer together for a price lower than what it would cost

Zolol [24]

Price bundling.

This is combining products together for a reduced price. Even though the price is reduced, it can result in more sales and profits by encouraging customers to buy more than one item.

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3 years ago