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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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Afina-wow [57]

Answer:

250 units

Explanation:

Calculation to determine How much capacity do you need to buy for next round

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Let plug in the formula

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Therefore How much capacity do you need to buy for next round is 250 units

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What is accounting theory​
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a set of assumption framework and methodologies used in the study of application of financial reporting principles

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The following information is available for Dakota Company: Product 1 Product 2 Sales $1,400,000 $1,800,000 Direct materials (200
xeze [42]

Answer:

$380,000

Explanation:

Particulars                                           Product 1 (Amount)

Sales                                                          $1,400,000

(-) Direct materials                                   ($200,000)

(-) Direct labor                                          ($600,000)

<u>(-) Manufacturing overhead </u>

Batch level ($400,000*20/80)                 ($100,000)

Product line level ($600,000*10/50)       <u>($120,000)</u>

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So, Dakota Company's gross margin for Product 1 using activity based costing is $380,000

6 0
3 years ago
The 20% off sale is a better deal than the $200 rebate or $150 coupon for the $1,500 dining set. The Porters budgeted $1,250 for
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Answer:20% off is better and it is the only offer which is under the budget.

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Thus, it is not under budget.

While, In $150 coupon,

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Thus, it is not under budget.

5 0
3 years ago
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Explain the relationship between consumers and producers in economic growth and activity
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The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.

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