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Paraphin [41]
3 years ago
6

Which of the following statements is correct with respect to a limited partnership?

Business
1 answer:
Viefleur [7K]3 years ago
5 0

Answer: option D

Explanation: A Limited liability partnership is an ownership style which exhibits characteristics of both partnership and corporations. This was implemented for the benefit of business entities and for the ease of owners.

a. In a limited liability a limited partner will never be personally liable for the debts.

b. A general partner can be a limited partner  as long as there are two legal partners.

c. A general partner cannot be a secured creditor as he will always have unlimited liability.

d. A Limited liability partnership is the form of partnership in which some or all of the partners have limited liability.

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You are waiting at a bus stop and the woman next to you is crying. You wonder why is so and make deduction that she cries becaus
Vinil7 [7]

Answer:

deduction theory cause your assumption was based on your instincts and it may not actually be the reason why the woman was crying

6 0
2 years ago
On December 31, 2016, Bart Inc. purchased a machine from Fell Corp. in exchange for a noninterest-bearing note requiring eight p
iragen [17]

Answer:

Bart Inc.

The initial value of the machine is:

= $114,240.

Explanation:

a) Data and Calculations:

Date of purchase of machine from Fell Corp. = December 31, 2016

Annual payments for a non-interest-bearing note = $20,000

Appropriate present value of the annuity due = 5.712

PV of the annual payments for 8 years = $114,240 ($20,000 * 5.712)

First payment date = December 31, 2016

Period of payments = 8 years

Prevailing interest rate for this type of note = 11%

Check from an online financial calculator:

N (# of periods)  8

I/Y (Interest per year)  11

PMT (Periodic Payment)  20000

FV (Future Value)  0

Results

PV = $114,243.93

Sum of all periodic payments = $160,000.00

Total Interest = $45,756.07

8 0
3 years ago
Mimi Couturier is a design company that specializes in formalwear for women. The company is known for challenging fashion mores.
Reika [66]

Answer: have someone study its target market to see what needs and wants should be met by Mimi Couturier Co

Explanation:

Despite the fact that Mimi Couturier is doing everything possible to be efficient and productive, the company is losing money because the company hasn't studied the target market.

The target market refers to the group of consumers that the product is aimed for. When the target market is studied, then the company will be able to know what the consumers want from them and seek ways to address that.

5 0
3 years ago
Ctrl+_______ selects the last cell with data.
mr Goodwill [35]
<span>Ctrl+End Although this is actually a shortcut method in excel for accomplishing the task in the above named question, there is no other direct methods for selecting the last set of data one is working with in Microsoft excel.</span>
4 0
3 years ago
Read 2 more answers
Which of the following was the result in Ackerman v. Sobol Family Partnership, LLP the case in the text involving whether the pl
nalin [4]

Answer:

Option B: That the agreement would be enforced because the plaintiffs' attorney had apparent authority to enter into the agreement

Explanation:

7 0
3 years ago
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