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harina [27]
3 years ago
6

A partnership agreement: A. Is not binding unless it is in writing. B. Is binding even if it is not in writing. C. Is also calle

d the articles of incorporation.
Business
1 answer:
Digiron [165]3 years ago
6 0

Answer:

option B                              

Explanation:

A Partnership Agreement refers to  an arrangement among two or more people wishing to mutually run and conduct business and earn a profit. Growing Partner bears a majority of the partnership's revenue and expenses and each Participant is personally responsible for the Partnership's liability and responsibilities.

The plan is a vital guide for starting a new company which helps to set the enterprise disciplining by providing effective communication and established roles for all stakeholders. This Contract records both detailed plans for when things turn sour, and illustrations of the day-to-day activities of the Collaboration.

A Partnership Agreement covers both business associates and any people who intend to do trade jointly should have a Partnership Agreement entered into.

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Fogelberg Company purchased equipment for $12,000. Sales tax on the purchase was $600. Other costs incurred were freight charges
Step2247 [10]

Answer : The correct option is, (d) $13,110.00

Explanation : Given,

Price when company purchased equipment = $12000

Sales tax price = $600

Freight charges = $240

Damage charges = $420

Installation costs = $270

Now we have to determine the total cost of the equipment.

Total cost of the equipment = Purchased price + Sales tax price + Freight charges + Installation costs

Total cost of the equipment = $12000 + $600 + $240 + $270

Total cost of the equipment = $13110.00

Thus, the total cost of the equipment is, $13110.00

5 0
3 years ago
A primary reason that a firm would use average-cost pricing is that it
neonofarm [45]

Answer:

it is very simple and easy to do it.

Explanation:

Companies that use average cost pricing just add markup that they consider reasonable to the average cost of a product, and you have the final selling price of the product.

A disadvantage of using average cost pricing is that t does not consider how costs change as your sales level changes. This method usually works best when the company is able to estimate its total sales ad then use that estimation to calculate the average cost price.

8 0
3 years ago
You need to have $35,000 for a down payment on a house 5 in years. If you can earn an annual interest rate of 3.7 percent, how m
quester [9]

Answer:

$29,185.98

Explanation:

Compounding and discounting are the methods used to determine the relationship between present and future value.

Compounding is the method used to determine the future worth of an amount today while discounting is the method used to determine the present value of a future amount.

Both are related by

Fv = Pv(1 + r)^n

where Fv = future amount

Pv = present value

r = rate

n = time

Therefore,

35000 = Pv(1 +0.037)^5

Pv = 35000(1 +0.037)^-5

Pv = $29,185.98

You would have to deposit $29,185.98 to be able to make the down payment of $35,000 on a house in 2 years

6 0
4 years ago
Jim is happy to talk with Mike about this issue. He felt during Mike's interviews that Mike's experience with vendors would be a
Bad White [126]

Meeting with vendors is part of his job, and he should make plans to call them.

<h3>Who is a vendor ?</h3>

A vendor is a party in the supply chain that makes goods and services available to companies or consumers. He is an individual or company that sells goods or services to someone else in the economic production chain.

Here, Mike was employed by Jim due to his experience with vendors. What this means is that Mike should use his experience to negotiate with the vendors on behalf of the company.

Therefore, Mike should respond that meeting with vendors is part of his job, and he should make plans to call them.

Learn more about vendor here : brainly.com/question/25946259

7 0
3 years ago
Major technological breakthroughs in the development of computers increased supply and quality. in response, prices of computers
oksian1 [2.3K]

Answer:

Prices have gone down.

Explanation:

Technology allows the companies to produce more better quality computers for less money. The supply is going up and production costs are going down so the prices will also go down.

6 0
3 years ago
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