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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.

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La. A friend of yours, Grace, wants to purchase a house in five years. To save for the house, Grace decides to deposit $ 112,000
olchik [2.2K]

The balance in the savings account at the end of the 8th year (i.e., after 8 deposits) is  $99,256, and the interest earned on the 8 deposits is $27,256

The future value of annuity is a calculation that measures how a good deal a chain of fixed bills might be really worth at a specific date in the future whilst paired with a particular interest price. The word “value” in this term is the coin's potential that a sequence of future payments can gain.

The equation to find future value of the annuity:

Future Value = E ( ( 1 + r)^p - 1 ) / r

E = Annual deposit = $9,000

r = Interest rate = 9%

P = 8 years

FV = Amount available = 9,000 ( 1.09^8 - 1 ) / .09 = $99,256

Interest = 99,256 - 9000 * 8 =  $27,256

Future value is the value of a current asset at a future date based on an assumed fee of growth. The future price is vital to investors and economic planners, as they use it to estimate how an awful lot of funding made today may be worth it in the future.

Learn more about the future value of annuity here brainly.com/question/14702616

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4 0
2 years ago
The question of when revenue should be recognized on the income statement according to GAAP is addressed by the:
sleet_krkn [62]

Answer:

a. Revenue recognition principle

Explanation:

The revenue recognition principle refers to the principle in which the revenues are recorded when it is realized or earned. It follows the accrual basis of accounting

It is not recorded when the cash is actually received.

When the sale is made, the same is to be shown in the books of accounts

Therefore as per the GAAP, the revenue should be addressed by revenue recognition

hence, the correct option is a.

4 0
3 years ago
the covenant whereby one warrants that he is the possessor and owner of property being conveyed is the covenant of: select one:
Sophie [7]

The covenant whereby one warrants that he is the possessor and owner of property being conveyed is the covenant of seizen.

A covenant is a two-party promise, agreement, or contract. The two parties agree that certain activities will or will not be carried out as part of the covenant.

Covenants in finance typically refer to terms in a financial contract, such as a loan document or bond issue, that specify the maximum amount that the borrower can lend. In religion, covenants frequently convey the binding relationship between a deity and humanity.

Covenants are frequently expressed in terms of financial ratios that must be met, such as a maximum debt-to-asset ratio or other such ratios. Covenants can cover anything from minimum dividend payments to working capital levels that must be maintained to key employees remaining with the company.

Learn more about covenants here:

brainly.com/question/28237935

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7 0
1 year ago
Which of these principles did adam smith believe essential to the survival of an economy?.
Makovka662 [10]

There are different kinds of theory. The principles that Adam Smith believe essential to the survival of an economy is the freedom to land and hold on to business profits.

<h3>What kinds of freedom did Adam Smith believe were vital to the survival of any economy? </h3>

Adam Smith was known to believe that the making of more resources available to all can make us to be more wealthier.

He believed freedom was important, such as the freedom to own land or property and hold on to the profits. He believed that people will participate in working very well, if they are given reward.

L earn more about Adam Smith from

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3 0
2 years ago
Qiang is a project manager at Enigma Industries and is able to borrow specialists from the organization on a regular basis to as
Alenkasestr [34]

Answer:

matrix organizational structure

Explanation:

When a company works under a matrix organizational structure, specialists from different parts of the organization are brought together on a temporary basis to work on specific projects. It is common for employees to report to both a functional manager (traditional manager) and a product manager (project manager).

3 0
3 years ago
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