*A limited partner's signature on the subscription agreement grants the general partner power of attorney to conduct the partnership's affairs. The subscription agreement for a limited partnership is deemed accepted when the general partner signs the subscription agreement.
<h3>What is a subscription agreement for a limited partnership?</h3>
The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership. When the general partner signs the subscription agreement, it is considered approved for a limited partnership.
<h3>What does the general partner's signature on the subscription agreement mean?</h3>
The limited partners are given authority to manage the partnership's affairs by the general partner's signature. The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership.
<h3>What is a recourse note in a limited partnership?</h3>
Recourse notes obligate the limited partner to make payments regardless of what transpires. He is legally responsible for the $40,000, making his tax base and possible maximum loss $50,000.
A) manage partnership assets on behalf of the partnership as an agent. B) offer the limited partnership real estate.
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Answer:
c. Julia is incorrect; she and Tumi have a valid and enforceable contract.
Explanation:
A contract is not only enforceable through a written argument. Any word of mouth to which both the parties agree in their due consciousness, is legally enforceable.
Here, Tumi asks Julia to accept the offer of selling bags to her at $318 each. And that Julia replies with ayes to it. After receiving the bags, she cannot say that she is not interest, And there is no legal contract.
Accordingly Julia is not correct, there is a contract binding her to accept the bags and make payment.
Answer:
annual rate of return = 54.55%
Explanation:
given data
gave to your cousin present value = $770
cousin give you future value = $1190
solution
we get here annual rate of return that is express as
annual rate of return = 
- 1 ...................1
put here value and we get
annual rate of return = 
solve it we get
annual rate of return = 54.55%
Answer:
8.15%
Explanation:
The computation of the WACC is shown below:
= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
= (0.35 × 6.50%) × ( 1 - 40%) + (0.10 × 6%) + (0.55 × 11.25%)
= 1.365% + 0.6% + 6.1875%
= 8.15%
We simply multiplied the weighted of each capital structure with its cost so that the weighted cost of capital could come
Blue Ice Inc. is an American corporation. The company started out as a <u>Partnership </u>between Nick Selver and Rita Andrew in 1985. In 2001, the <u>partners </u>decided to <u>incorporate </u>their company so they could sell company stock on the<u> Stock Market</u>. Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.
<h3>What is
partnership?</h3>
Partnership is a form of business carried out by two or more parties or people in which both parties involve in the partnership business must agreed to the terms and condition of the partnership and must as well share their profit equally.
Hence, Blue Ice Inc. is an American corporation. The company started out as a <u>Partnership </u>between Nick Selver and Rita Andrew in 1985. In 2001, the <u>partners </u>decided to <u>incorporate </u>their company so they could sell company stock on the<u> Stock Market</u>. Blue Ice raised $10 billion with its IPO. It was one of the biggest IPOs of 2001.
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