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OlgaM077 [116]
3 years ago
15

In a partnership, loans taken out by the general partners

Business
1 answer:
Romashka-Z-Leto [24]3 years ago
4 0

Answer:

aren't binding on the limited partners.

Explanation:

A  partnership is a form of business ownership where two or more individuals come together to establish a business venture. A partnership may consist of generals and limited partners.

General partners are actively involved in business operations. They manage the day to day activities of the business. Generals partners act on behalf of the business and have unlimited liabilities to the debt of the enterprise.

Limited partners are silent partners. They do not participate in managing the business. A limited partner, as the name suggests, has limited liability to the obligations of the business. Should a general partner take out a loan, a limited partner will be liable to the extent of his or her capital contribution.

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every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or
andre [41]

It is the duty of every licensee to immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address. Hence, the given statement is true.

<h3>What is an address?</h3>

The term "address" refers to the location of a venue where something or someone can be easily found. There are various kinds of addresses that are used by humans to locate or locate either themselves or anything else or a human.

Some of the instances of address are residence address, business address, meeting address, and many more. All legal documents that are held by a person are registered at the address that is given by them.

Thus, when any kind of change in the address occurs or happens, it is the duty of the document holder to inform the signed authority.

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The complete question has been attached in text form:

Every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address

False

True

3 0
1 year ago
You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 40 years for your retirement. Yo
Lemur [1.5K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A) You want $1,000,000 when you retire in 40 years. It earns 6 percent annually.

We need to use the following version of the final value formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

FV= 1,000,000

n=40

i=0.06

A= (1,000,000*0.06) / [(1.06^40)-1]

A= $6,461.53

B) You decided to contribute $500 a month into a fund that is expected to earn 6 percent, compounded monthly. If you start the contribution a month from today for 30 years.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

n= 30*12= 360

i= 0.06/12= 0.005

A= 500

FV= {500*[(1.005^360)-1]}/0.005= $502,257.52

3 0
3 years ago
tyler smith founded a firm that has a subscription-based business model. although tyler has averaged 600 new subscribers per mon
Aliun [14]

The number of subscribers that Tyler loses each month is referred to as churn.

The churn drill is a large drilling machine that bores huge diameter holes in the ground. In mining, they were used to drill into the gentle carbonate rocks of lead and zinc-hosted regions to extract bulk samples of the ore. Churn drills are also referred to as percussion drills as they function by lifting and losing a heavy chisel-like bit which breaks the rock as it falls. Churn drills are handiest in smooth- to medium-density rock of incredibly shallow intensity

Churn drills had been invented as early as 221 BC in Qin dynasty China,[1] capable of accomplishing an intensity of 1500 m. Churn drills in ancient China were built of wood and exertion-intensive but had been able to go through strong rock.

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5 0
2 years ago
On February 28, Katherine wrote a check number 1021 to Hoopers Market for $189.43. Her beginning balance was $584.77. Calculate
8_murik_8 [283]

Answer:

Her new balance is $395.34

Explanation:

You take the starting balance of $584.77 and subtract it by the amount spent which was $189.43. Which gives you $395.34

3 0
3 years ago
The records at smith and​ jones, inc. show that job 110 is charged with​ $12,000 of direct materials and​ $11,000 of direct labo
WARRIOR [948]

To solve:

Direct marterial cost = $12,000

Direct labor cost = $11,000

Manufacturing overhead = 85% of direct labor cost = $9,350


Add up all of the costs for the total cost of Job No. 110.

$12,000 + $11,000 + $9,350 = $32,350.

3 0
3 years ago
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