Answer
Option B. Laura is personally liable as the bank, in good faith, thought she is a general partner
Explanation:
Limited Partnership (LP)
This is Business entity that exists in line with state statutes that gives limited liability to some of its members who called limited partners.
RULPA
This is simply called Revised Uniform Limited Partnership Act. It is the model for Limited Partnership legislation in most states.
Limited Partner
This is a part or member of a limited partnership.it is that individual who is not involved in controlling the business and whose liability is limited to amount invested in the business.
General Partner
It is simply a member in a limited (or general) partnership who controls the business and has unlimited personal liability.
In the above scenario, Laura will be taken as a general partner and will be held personally accountable or liable for the loan, and also along with the general partners of the limited partnership.The rule of RULPA gives the right for a limited partner to be involved in the management of the partnership’s affairs and not losing the limited liability if the limited partner has been formally employed by the partnership to be an executive of the partnership.
Answer:
The answer is $18,810
Explanation:
Cost of goods sold equal:
Beginning or opening inventory plus purchases minus ending or closing inventory.
Monte Vista returned some inventories and also took advantage of discount. So this will reduce the cost of total purchases for the quarter.
Total purchase = new purchases minus purchase returns minus any discount enjoyed.
So total purchase is now:
$10,000 - $1,350 - $340
=$8,310
Therefore cost of goods sold is:
$44,000 + $8,310 - $33,500
=$18,810
<h2>
Answer:</h2>
<h3>Predatory lending typically refers to lending practices that impose unfair,selective, or abusive loan term on borrowers.</h3>
<h2>
Explanation:</h2>
<h3>Hope It's Help</h3>
<h3>#Carry On Learning</h3>
Answer:
b. Will always be higher than the dividend paid per share
Explanation:
A firm pays dividend to it's stockholders based upon it's earnings.
Earnings per share (EPS) is expressed as:
= 
Dividend payout ratio on the other hand is expressed as:
= EPS (1 - b)
wherein, b = retention ratio which denotes the percentage of earnings retained by a firm i.e not distributed as dividends.
Thus, a firm's earnings per share would always be higher than the dividend paid by it per share.
Answer:
a. 14.1%
Explanation:
Year 2
Net Profit Margin = Earnings Before Tax / Sales × 100
= $ 67,250 / $478,500 × 100
= 14.05 or 14.1 %
