A <u>general partnership</u> is legally defined as an association of two or more people who are co-owners and co-managers of the business and who share in the profits of their ongoing business.
What is profit and loss?
A financial statement that outlines the sales, expenditures, and expenses incurred during a specific time period—typically a quarter or fiscal year—is referred to as a profit and loss (P&L) statement. These documents reveal if a business can produce profit by raising sales, cutting expenses, or doing both. Frequently, these statements are given on an accrual or cash basis.
The income, cost, and expense totals for a given period are compiled in the profit and loss statement, a financial statement.
Along with the balance sheet and the cash flow statement, every publicly traded firm also releases a P&L statement quarterly and annually.
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Answer:
Positive statement
Positive statement
normative statement
normative statement
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically
Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done
Answer:
A set of business plans has to be established for Craig not to be totally broke in December
Explanation:
Below are sets of plan to take on for an effective business plan to yield growth
- Establish a results-driven planning process with prompts and definition of specific business terms and procedures.
- Organize the distinct business ideas possessed into an attractive yet concise visual format.
- Develop and monitor forecasts and budgets to see if there is a potential of the business to yield money.
- Work on convincing targeted investors with a proven and strategic format that should impress them.
- Seek professional advice and real life examples while working on yours.
- Consistently monitor the business you started using a unique dashboard and see how progressive you have been, the hurdles being encountered, and facilitating ways to better improve the said business.
With strict adherence to the above outlined plans, Craig does stand a chance of making profits and not being broke at December
Answer:
PART-1
How should each instrument be changed if the Fed wishes to decrease the money supply?
The Fed would deportment open-market sales, increase the discount rate, and raise interest paid on reserves.
PART-2)
Will the change affect the monetary base and/or the money multiplier?
The money multiplier refers to the capacity of money that financial institute like banks produce with each dollar of funds. Money base is exaggerated by the open-market processes and discount rate. Any alteration in interest expenditures on reserves modifies the money multiplier.
I believe the answer is b