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RideAnS [48]
9 months ago
8

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they?

Business
1 answer:
Lerok [7]9 months ago
5 0

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they option(d)i.e, Give the firm a stronger financial foundation.

A general partnership, which is the fundamental type of partnership under common law, is, in the majority of nations, a grouping of people or an unincorporated business having the main characteristics listed below: Estoppel, proof of existence, and agreement are all necessary for creation.

A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A sole proprietor may hire staff members and does not always work alone.

In a sole proprietorship, the business's owner is personally liable for all debts and obligations. In a partnership, two or more individuals pool their resources for the company and split earnings and losses.

The complete question is:

When comparing general partnerships to sole proprietorships, an advantage of partnerships is that they:

a) Are less risky because each partner is responsible for only a specified fraction of the firm's debts.

b) Are easier to terminate.To know more about refer to:

c) Cost less to organize.

d) Give the firm a stronger financial foundation.

To know more about general partnership refer to:  brainly.com/question/17369246

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When an existing contract is replaced with an entirely new contract , it is called
Masja [62]

Answer:

novation

Explanation:

3 0
2 years ago
On July 1, 2020, Whispering Co. pays $13,620 to Metlock Insurance Co. for a 3-year insurance policy. Both companies have fiscal
S_A_V [24]

Answer:

jul-01 Prepaid expenses   13.620  

jul-01      Cash                              13.620

     

dec-31 Insurance policy expense 2.270  

dec-31     Prepaid expenses    2.270

Explanation:

Paid 1-jul 13620    

     

Three Years 13.620 36 months    

Monthly 378 month    

Current Year 2.270 6 months    

           

jul-01 Prepaid expenses   13.620  

jul-01      Cash                              13.620

     

dec-31 Insurance policy expense 2.270  

dec-31     Prepaid expenses    2.270

4 0
3 years ago
Suppose that the market price for a bottle of vitamins is $2.54 and that at that price the total market quantity demanded is 105
Mars2501 [29]

Answer:please refer to the explanation section

Explanation:

The question is incomplete, The amount that each firm must produce is not given or the Quantity/demand equation that each firm faces is not given. We use a firm's quantity/demand equation to calculate how much each firm should produce and then work out the number of firms that should exist in the industry.

let us assume quantity produced by each firm is given by this equation;

Q = 1900 + 15000Price

We need to plug the Price of $2.54 per unit Vitamin Bottle to the quantity equation. Q = 1900 + 15000(2.54) = 40 000

each firm must produce 40 000 units

Number of firms that should exist = Total Market Quantity/Firms Quantity Number of firms that should exist = 1055 560 000/40 000

Number of firms that should exist = 26389

When the price is $2.54, with each firm Producing 40000 units, 26389 firms should exist in the market to cover the total Market Quantity of 1055 560 000.

The question may provide you with the Quantity that each firm must produce, in that case you simple divide total market quantity by the firm's quantity to find number of firm that should exist.

When you are given quantity equations you use the price to work out quantity produced by each firm and then Divide the Market Quantity by Firm's quantity to find number of firms that should exist

6 0
2 years ago
As interest rates rise, the prices of existing bonds will? rise stay the same fall either a or b, depending on the state of the
shepuryov [24]

As interest rates rise, the prices of existing bonds will fall.

A fundamental principle of bond investing is that market interest rates and bond prices generally move in opposite directions. When market interest rates rise, prices of fixed-rate bonds fall. this phenomenon is known as interest rate risk.

Interest rates will always change, and no one can predict how they will change over time. Whether interest rates are rising or falling, it’s vital to consider your yield to maturity for any bond purchase and compare it with what you could get if you were to buy a new bond.

To learn more about interest rate risk click below

brainly.com/question/13163076

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4 0
2 years ago
Effective delegation involves:
Afina-wow [57]

Answer:

The correct answer is C. Identifying the appropriate person for the task.

Explanation:

In the transfer of authority from a boss to a subordinate. Most organizations promote delegation of authority in order to provide maximum flexibility in meeting customer needs.

Additionally, the delegation allows people to move within an environment of freedom to contribute ideas that facilitate the performance of their work in the best possible way. By getting involved in this way at work, you get an individual satisfaction that generally becomes a better performance. When they refuse to delegate, managers end up doing the work themselves and underutilizing the capacity of their workers.

6 0
3 years ago
Read 2 more answers
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