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stiks02 [169]
3 years ago
12

Finnegan is a limited partner in Gettout & Associates, a local financial consulting company. Heywood U. Gettout is one of th

e general partners in the company and is needing to temporarily leave the company to attend to some personal matters. Heywood has asked Finnegan to perform his managerial duties while he is gone. As a limited partner, Finnegan______________
Business
1 answer:
Harlamova29_29 [7]3 years ago
8 0

Answer:

Cannot participate in the management                                

Explanation:

A limited partner refers to the company partner whose liability for the company's debts can not exceed the amount invested in the company by an individual. Limited associates are frequently termed silent partners.

A limited partner contributes money in return for partnership shares but has negligible voting weight over the management of the company and no direct presence in the enterprise.

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Kamy Corp. is in liquidation under Chapter 7 of the Federal Bankruptcy Code. The bankruptcy trustee has established a new set of
AveGali [126]

Answer:

C) $9,000

Explanation:

Debits to the equity state represent additional expenses or losses that were not previously recorded.

  • gain/loss = cash - carrying value of truck = $12,000 - $20,000 = -$8,000 or $8,000 loss
  • additional repair costs = $1,000 (machinery repairs)

Total unrecorded losses and expenses = $8,000 + $1,000 = $9,000

5 0
3 years ago
Employees at Acme Express are dissatisfied with the working conditions, salary, and the general attitude of the management. Mark
inysia [295]

Mark is dealing with his dissatisfaction through "Loyalty".

<u>Explanation:</u>

Mark is understanding the dissatisfaction which he achieved from the firm inspite of working efficiently and with loyalty, which is a part of great ethics which employees of firm should carry with them. In this case firm should must understand the kind of patience employee have, and should reward them with atleast their basic requirements, so that they should not lose their ethics.

The staff must be committed to the organization and what it stands for to do the finest work. And when businesses help staff learn new skills that promote their professional advancement, they also earn the loyalty of such workers and gain loyal new employees.

8 0
3 years ago
There are 5 steps involved when defining a project; which of the following is the second?
const2013 [10]

Answer:

Establish project priorities

Explanation:

Option (c) Establish project priorities

The Establish project priorities helps in the smooth running of the project.

It deals with assigning the tasks involved in the project priorities. The priorities are assigned on the basis of the importance, resources required by the particular task, its effect on overall completion time of the project etc.

8 0
3 years ago
In a corporation, the________ is the group of people elected to oversee the firm’s activities and ensure that management acts in
Alexandra [31]

Every cooperation is usually guided by a set of individual the board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders’ best interests.

<h3>Who are board of directors?</h3>

They are individuals that are elected by the shareholders of a company usually to govern and oversee the affairs of the cooperation.

They make decisions on behalf of the stakeholders.

Therefore, board of directors is the group of people elected to oversee the firm’s activities and ensure that management acts in the shareholders.

Learn more about board of directors here

brainly.com/question/15690599

3 0
3 years ago
LIBOR is A. a resource used in production. B. an interest rate paid on Eurodollar loans in the London market. C. an interest rat
zubka84 [21]

Answer:

B. an interest rate paid on Eurodollar loans in the London market.

Explanation:

London InterBank Offered Rate (LIBOR)

This is simillar to the federal funds rate.

It is a rate at which banks offer fonds to other banks, thus "interbank", for short-term loans.

It is generallyaccepted to evaluate and compare interest rate and indicate the borrowing cost between banks.

<u> It is based on five currencies:</u>

  • the US dollar
  • the euro
  • the British pound
  • the Japanese yen
  • and the Swiss franc

<u>Also, there are LIBOR for different maturities:</u>

  • overnight,
  • one week,
  • one month,
  • two months,
  • three months,
  • six months
  • and a year.
3 0
3 years ago
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