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Sphinxa [80]
3 years ago
10

Assume the football team is set up as a general partnership and that Lenny, Sarah, and Sam are all general partners in the team.

The team is sued for negligence because an individual who turned to see the quarterback running naked crashed her car. Which of the following is true?a) The individual partners may be sued, but not the partnership itself.b) The partnership may be sued as well as the partners, but the partners' liability is limited to their investment in the firm.c) The partnership may be sued, but not the individual partners.d) The partnership may be sued as well as the partners, and the partners' liability unlimited.
Business
1 answer:
kramer3 years ago
3 0

Answer: D.The Partnership may be sued as as the partner and the partners' liability unlimited

Explanation:

The Partnership may be sued as as the partner and the partners' liability unlimited

A partnership is not recognized as a legal entity, in a starndard partnership agreement Partners in a partnership are Personally liable. They  are jointly and severally liable for the debts of the Partnership. Their personal belongings may be claims in order to settle the liabilities of the partnership

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Splish Company provides the following information about its defined benefit pension plan for the year 2017. Service cost $110,00
kipiarov [429]

Answer: $155,520

Explanation:

Pension Expense = Service Cost - Expected return on plan assets + Prior service cost amortization + Interest cost

Interest Cost

= Interest rate * Projected benefit obligation

= 0.09 * 728,000

= $65,520

Pension Expense = 110,000 - 30,000 + 10,000 + 65,520

= $155,520

3 0
4 years ago
Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college education. Pl
brilliants [131]

Answer:

False, jobs requiring a higher level of education have more benefits than jobs that require minimal education.

8 0
3 years ago
The market demand function for corn is Qd = 5 15 - 2P and the market supply function is Qs= 5P- 6, both quantities measured in b
GaryK [48]

Answer:

The Producer surplus = 19.6.

consumer surplus = 12.25.

Aggregate supply = 31.85.

Explanation:

Normally, the demand equilibrium function equals to supply equilibrium function will get us the price which is $3 that is Qd = Qs. Hence, if we equate both function together like;

15 - 2P = 5P - 6.

15 +6 = 5P + 2P.

21 = 7P.

P = $3.

Thus, Qd = 15 - 2P= 15 - 2(3) = 15 - 6 = 9 units.

Qs = 5P - 6 = 5(3) - 6 = 15 - 6 = 9.

Therefore, if the price is going to be Increased by $4, we will have that;

Qd = 15 - 2P= 15 - 2(4) = 15 - 8 = 7 units.

=> The Producer surplus = 1/2 × 14 (4 - 1.2) = 19.6.

=> consumer surplus = 1/2 × 7 (7.5 - 4) = 12.25.

Aggregate supply = Producer surplus + consumer surplus = 19.6 + 12.25 = 31.85.

8 0
3 years ago
Roomz, a mid-range hotel, used to provide only food and accommodation facilities. It soon realized that most of its customers ar
Sever21 [200]

Answer:

This is an example of an emergent strategy

Explanation:

An emergent strategy is an unplanned strategy it is the strategy that actually happens as a result of changes in the external environment of the  business and it shows the responds to  such changes. Although it is unintended, adopting an emergent strategy  helps a business adapt more flexibly to the practicalities of changing market conditions.  

Therefore the type of strategy adopted is an emergent strategy  

8 0
3 years ago
Amber Devices Ltd. has total assets worth $900 million and total liabilities worth $475 million at the end of December 31. What
natima [27]

Answer:

The current total assets of Amber devices are $900 million

IF they sell all their assets for 850 million they will have 850 million in cash. From this cash they have to pay their liabilities first, so

850 million -475 million =  375 million

The book value of the liabilities was 475 million and because Amber devices pays of all its outstanding debt at book value, the remaining cash left for the stock holders is 375 million

The stock holder receive $375 million after liquidation of assets and payment of debt.

Explanation:

6 0
4 years ago
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