1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zimovet [89]
3 years ago
10

Three types of business​ organizations) Limited partnerships have two classes of partners. The _____ limited general partner act

ually runs the business and faces unlimited liability for the​ firm's debt, while the ______ limited general partner is only liable up to the amount the ______ limited general partner
Business
1 answer:
tia_tia [17]3 years ago
8 0

Answer:

General; limited; limited.

Explanation:

Limited partnerships have two classes of partners. These two (2) classes are;

1. General partner: it is a type of partnership in which two or more people come together and have an agreement to do business by sharing profits, assets, debts or financial and legal liabilities.

2. Limited partner: it is a type of partnership in which people come together and have an agreement to do business but the involved partners only contribute financially and solely responsible to the amount of money they invested.

Hence, the general partner actually runs the business and faces unlimited liability for the​ firm's debt, while the limited partner is only liable up to the amount the limited partner invested.

You might be interested in
Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a
AleksandrR [38]
$7165.25 hope this help =]
3 0
2 years ago
Read 2 more answers
What does the SSN on the student financial application form mean?
Murrr4er [49]

Answer:

Social Security Number

5 0
3 years ago
On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,914. Cash receipts yet to be de
Monica [59]

Answer: Reconciled ending balance of cash=$7,925

Explanation:

Bank reconciliation is used by companies to reconcile thier ledger balances and that of their bank's balance and to make necessary adjustments where necessary.

  BanK Reconcillation on August 31,     2021

Bank cash balance                    $6,012

add

Deposit outstanding                 +$3,308

deduct :

Checks outstanding                  -$1,395

Bank  balance reconciliation     $7,925

Company's book balance             $7,914.

add:

interest earned                             +  $43

deduct:

service fees                                    -  $32

Company balance reconciliation   $7,925

7 0
3 years ago
Why has le pliage been so successful? to what do you attribute its popularity and longevity? what is the role of the longchamp b
blondinia [14]

Longchamp’s iconic merchandise, Le Pillage is a range of foldable, leather-trimmed nylon bags. The huge success is labelled as “eternal”. Le Pillage’s achievement can be regarded as a perfect practice of marketing mix. Part of 4P model can be used to analyze this case.

Product

Le Pillage’s successful product positioning is “Quality”. Intended as a functional bag, Le Pillage accepted one of the most practical and unusual materials, nylon which is durable, sturdy, light as well as cheap.

Price

Le Pillage’s price plan, that average price is €90, made this sequence of bags reasonable to most of the consumers.

Promotion

In 2006, Le Pliage sprang its first marketing campaign with Kate Moss. Even in this campaign, model didn’t carry Le Pliage, halo effect of Longchamp brand has enthused its trades.

Place

Longchamp brand as the strongest support plays the crucial role in Le Pliage’s successful distribution. 

5 0
3 years ago
A car dealer promises to give a $5,000 bonus to the first salesperson who sells 10 cars this week. Which type of contract is thi
Annette [7]

Answer:

Unilateral contract

Explanation:

According to the given statement in the question, this is a type of a unilateral contract.

The unilateral contract is a type of contract in which only a single party makes the promises or undertakes the tasks or the responsibilities in return to the task or an act performed by the second party.

Here,

The car dealer is promising the salesperson to give bonus upon the selling of 10 cars by the salesperson.

5 0
2 years ago
Other questions:
  • Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The compa
    5·1 answer
  • ​the irs says you must do what a "reasonable business person" would do to make a profit when running your own business.
    14·1 answer
  • A market share of 78.5 percent would be represented in a pie chart by a slice with a central angle of:
    5·1 answer
  • Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2017.
    5·1 answer
  • asyFind manufactures and sells golf balls. The company is conducting a price test to find a better price point. Presently their
    7·1 answer
  • The adjusting entry for accrued wages was omitted at July 31, the end of the current year. Indicate which items will be in error
    15·1 answer
  • For a monopolistically competitive firm, at the profit-maximizing quantity of output, a. price exceeds marginal cost. b. margina
    8·1 answer
  • Which behavior would most offices consider
    8·1 answer
  • Like personal selling, direct marketing makes use of blank______ communication, allowing the seller to adapt messages according
    12·1 answer
  • One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors. True or false?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!