Answer: General Partnership
Explanation:
Since both Kyle and Palo are equally responsible for the businesses' risks and rewards and they also combine their resources together, then this is a general partnership.
For a general partnership, they both take active part in the business and also have unlimited personal liabilities.
Therefore, the answer is general partnership.
Answer:
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Answer:
The limited partner's remaining liability is $400,000
Explanation:
The remaining liability after the debt payment of $8,000,000 is $2,000,000 ($10,000,000-$8,000,000)
The limited partner has a 20% interest in the business that entitles the partner to 20% share of profit or liabilities.
The limited partner's share of the remaining liability is 20% of the liability balance i.e $400,000($2,000,000*20%)
Answer:
A. A professional review
Explanation:
Let's use process of elimination:
A) A professional is least likely to be biased, unless they've been paid.
B) An advertisement is by the manufacturer, and thus more likely to be biased.
C) Online testimonials can also be biased, because most of them are paid.
D) The seller only wants to make money. They're going to be the most biased of the bunch, as it will hurt their chances of making money if they give you a bad opinion.
Answer:
A
Explanation:
Fixed-rate balloon mortgage loans is a type of loans and a common instrument used to finance the acquisition of existing commercial property.
