Answer: False
Explanation:
A limited partnership is a form business partnership formed by at least one general partner and at least one limited partner(also known as the silent partner).
The general partner is responsible for the supervision of the daily operations in the business and also personally bears the liability of the business: while the limited partner only role in the business is to support the business with capital and shares in the business profit but doesn't personally carry the burden of the business liability.
Answer:
B. Because cash equivalents are less liquid than cash, they must be reported separately from the Cash account
Explanation:
The <em><u>combined amount of cash and cash equivalents</u></em> will be reported on the balance sheet as the first line item in the section with the heading current assets.
These cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase.
In other words, there is very little risk of collecting the full amount being reported.
Answer:
The answer is 9.38%
Explanation:
This is a semiannual paying coupon. And it means West Corp pays interest twice a year.
N(Number of periods) = 24 periods ( [14years - 2 years ago] x 2)
I/Y(Yield to maturity) = ?
PV(present value or market price) = $1,030 ( 103% x $1,000)
PMT( coupon payment) = $49 ( [9.8 percent÷ 2] x $1,000)
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 24; PV = 1.030; PMT = 49; FV= $1,000; CPT I/Y= 4.69
Therefore, the Yield-to-maturity of the bond for annual is 9.38% (4.69% x 2)
Answer:
c. the contract is discharged.
Explanation:
As the contract is not feasible to be completed not because of any parties of the contract, but because of externalities.
This provides for the no fault conditions on both the parties of the contract.
Here the construction was to be done by the Construction Contractors Inc. for Discount Retail Inc, at a place in Electro City.
But now the construction cannot happen as because Electro City has an amendment providing no construction at the particular place where Discount Retail Inc. wants the construction.
Answer:
D. are incurred even if nothing is produced.
Explanation:
There are primarily two types of costs, i.e. the variable cost and the fixed cost. The variable cost is the cost that varies when the level of production changes, while the fixed cost is the cost that remains unchanged whether the level of production changes or not
So, by the above explanation, we can conclude that the fixed cost can be incurred if there is nothing to be produced.
