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arlik [135]
3 years ago
15

Nick is investing $25,000 in a partnership with his sister and brother. nick does not want to be an active part of the partnersh

ip and can only afford to risk the $25,000 he is investing. his brother and sister agree to let him share a proportionate amount of the profits. nick is a(n) ________ in this partnership.
Business
1 answer:
Sveta_85 [38]3 years ago
7 0
Nick is a LIMITED PARTNER in this partnership. A limited partner is one who contributed to the formation of a company in form of capital but who is not actively involved in the day to day running of the business and his liability in the business is limited to the extent of his investment.
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Khfhggjjv,gkjbmmjhbb.l
loris [4]

Answer: um i need you to ask the question so we can answer it

Explanation:

5 0
2 years ago
Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided th
g100num [7]

Answer:

$289,000

Explanation:

Predetermined overhead rate (Fixed) = Budgeted Fixed overhead cost / Budgeted hours

Predetermined overhead rate (Fixed) = 300,000/60,000

Predetermined overhead rate (Fixed) = $5 per hours

Applied Fixed overhead = Standard hours allowed × Predetermined overhead rate(fixed)

Applied Fixed overhead = 57,800 * $5 per hours

Applied Fixed overhead = $289,000

So, the fixed overhead applied to production during the period is $289,000

8 0
3 years ago
A sports game company with current sales of $400,000 does not expect any growth in sales for the next two years. The company, ho
Ber [7]

Answer:

Answer is B

Explanation:

Cash flow = Net Income + Adjustment for Non-Cash expenses

So we must first calculate the Net Income for the second year using the Profit and Loss Statement format:

Year 2

Revenue                  $400,000

Less Expenses       ($220,500)

Less Depreciation  ($ 20,000)

Profit before Tax     $159,500

Less Tax                  ($54,230)            {34% of Profit before Tax}

Net Income              $105,270

Add Depreciation    $20,000          

Cashflow                  $125, 270

{Remember Depreciation is a non cash expense, so we must add it to the Net income to arrive at the cash flow}

(Remember the company expects no change in revenue)

5 0
3 years ago
Assume real per capita GDP in West Swimsuit is $10,000 while in East Quippanova it is $2,500. The annual growth rate in West Swi
Alex787 [66]

Answer:

correct option is B. about 30 years

Explanation:

given data

real per capita GDP west = $10,000

annual growth rate = 2.33%

real per capita GDP east = $2,500

annual growth rate = 7%

to find out

How many years will it take for East  to catch up GDP of West

solution

we know here that future value is equal to real GDP of west after time  will be

future value = real per capita GDP west × rate^{t}

future value = 10000 × (1+0.0233)^{t} .....1

and

future value = real per capita GDP east × rate^{t}

future value = 2500 × (1+0.07)^{t} .....2

compare equation 1 and 2

10000 × (1+0.0233)^{t}  = 2500 × (1+0.07)^{t}

4 (1.0233)^{t}  =  (1.07)^{t}

t = about 30 years

so correct option is B. about 30 years

5 0
2 years ago
What are the benifits of strategic management process
skelet666 [1.2K]
These are some of my personal benifits of strategic management process:

It allows organizations to be proactive rather than reactive. A strategic plan allows organizations to foresee their future and to prepare accordingly.

It sets up a sense of direction.

It increases operational efficiency.

It helps to increase market share and profitability.

It can make a business more durable.





I hope it helped you!
3 0
3 years ago
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