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3 years ago

What does partnership form of business imply

Business

2 answers:

stiks02 [169]3 years ago

7 0

The answer should be two or more and central

seropon [69]3 years ago

5 0

Answer:

In a partnership, TWO OR MORE individuals come together to do business. The two types of partnerships are general and LIMITED.

Explanation:

The main characteristics of general partnerships are:

group ownership
unlimited personal liability
easily formed and managed by owners
pass-through federal income taxation

The main difference between a general partnership and a limited partnership is that limited partnerships limit investors' liability to the amount of money invested. Limited partnerships are a separate legal entity from their owners.

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Fairway's april sales forecast projects that 7,400 units will sell at a price of $11.90 per unit. the desired ending inventory i

Marianna [84]

Purchases = Sales units + Closing inventory - Beginning Inventory
= 7,400 + (2,400 * 120%) - 2,400
= 7,800 units

6 0

3 years ago

David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to

marshall27 [118]

Answer: (D) 5.90%

Explanation: David is going to buy a new car at $21,349.

The down payment is $3,000.

Loan amount (Present value) = $21,349 - $3,000

Loan amount (Present Value) = $18,349

Installment amount (pmt) = $352

As the payment is made monthly (12 months in a year),

Number of payments = 5 * 12

Number of payments = 60

Using the rate option in excel,

$=rate(nper,pmt,-pv,fv,type)$

Insert the variables into the option, we get

$=rate(60,352,-18349)$

By inserting the above formula in excel we get,

Rate = 0.47%

Rate of 0.47% is monthly, to get APR

$APR = (1+monthly rate)^12 - 1$

$APR = (1+0.0047)^12 - 1$

$APR = (1.0047)^12 -1$

$APR = 1.0586 - 1$

APR = 0.0586

APR = 5.86% or 5.90%

Therefore the correct option is 5.90%.

8 0

3 years ago

Star workers and star athletes share a high need for ______________.

djverab [1.8K]

Star Workers and Star Athletes share a high need for achievement.

A need for achievement, also know as N-Ach, describes how an individual has a desire to attain either one of these or a combination: skill mastery, great accomplishments, or high standards.

Star workers and athletes are usually individuals who have a high need to become the best or reach great accomplishments in their field, thus it is accurate to say that both groups will have a high need for achievement.

7 0

3 years ago

Describe the difference between a fixed-quantity (Q) and a fixed-period (P) inventory systems and provide an example for each.

sergeinik [125]

Answer and Explanation:

The fixed quantity inventory system, the quantity of an order or the lot size is fixed in nature i.e. the similar amount means the quantity is ordered each and every time. It could be managed by continonusly watching the level of inventory. Example - economic order quantity

On the other hand, the fixed period inventory system is a system in which the inventory is to be checked at fixed inventory. It is same as the periodic reveiw system instead of the continuous basis. Example - drugstore

7 0

3 years ago

Please help me w this one multiple choice question (Principles of Business (P.O.B.)

Leno4ka [110]

The correct answer to this question is choice A.

The definition of Imperfect Competition is when there is a situation in a market where there are features of a competitive market, but also characteristics of a monopoly. The other three choices are characteristics of a competitive market.

3 0

3 years ago