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vazorg [7]
3 years ago
14

A partnership agreement:

Business
1 answer:
kondaur [170]3 years ago
6 0

Answer:

A partnership agreement is binding even if it is not in writing

Explanation:

A partnership is a relationship that exist between two or more people (Usually two to twenty people) to pool their resources and capital together and establish a business enterprise with the aim of making profit.

A partnership agreement can be written on unwritten. Even when unwritten,  a partnership agreement is binding and is enforceable in the law court.

A written partnership agreement is called a partnership deed. partners are usually encouraged to have a partnership deed that clarifies the respective positions and duties of each partners.    

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Elm Corporation is a merchandising company. The year began with inventory of $32,000, Purchases for the year were $57,000, and t
Alborosie

Answer:

The cost of goods sold that would be reported on the incoem statement is $70000

Explanation:

The cost of goods sold is the value or cost of the inventory that a business sells to its customers. The cost of goods sold for the year can be calculated using the following formula.

Cost of Goods Sold (COGS) = Opening Inventory + Purchases for the year - Closing Inventory

Thus, Elm Corporation has a cost of goods sold to report on this year's income statement of:

COGS = 32000 + 57000 - 19000 = $70000

4 0
3 years ago
Corporate blogs are easy to maintain because they do not require in-depth writing or monitoring of comments.​ True False
Hoochie [10]

The answer to this question is FALSE. Corporate blogs are not easy to maintain because in making business blogs time is always needed especially in having a schedule in posting frequently in the blog. Corporate blogs can be external or internal blogs. External blogs are blogs that are available in the public to see and interact while Internal blogs are blogs within the company organization use only. 

3 0
3 years ago
In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 19
uranmaximum [27]

Answer:

B) $1,132,895

Explanation:

If the CPI = 15.2 in 1931, and in 2012 it was = 229.6, then President Hoover was making a fortune = (229.6 / 15.2) x $75,000 = $1,132,895, and he was a terrible president, one of the worst ones in all history.

In 2012 when President Obama was in office, he made around $400,000 and he was a much better president.

6 0
3 years ago
When should you forward instead of replying to an email
dolphi86 [110]

Answer:

C. When the recipient was not included on the original email.

Explanation:

This is the correct option because forwarding allows the new recipient to see the email that was sent if they were not originally included.

~theLocoCoco

5 0
3 years ago
In Marigold Company, land decreased $156000 because of a cash sale for $156000, the equipment account increased $58000 as a resu
Andrews [41]

Answer:

$ 98,000.00  

Explanation:

The net cash provided by investing activities is the  difference between cash provided by disposal of land which is $156,000 minus the cash paid to acquire equipment which was $58,000.

Net cash provided by investing activities=$156,000-$58,000=$ 98,000.00  

The cash received from bonds issuance of $113,000 is a cash inflow under financing activities not finance-activity related,hence it is not included in the computation above.

8 0
3 years ago
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