1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Assume that chips cost $1 and soda costs $2. If the consumer has $14, the combination of goods that would maximize his utility p
ddd [48]

Answer:

The remaining amount that the consumer would have would be $11

Explanation:

If the person originally had $14 but spent $3 all together on their items they would remain with the amount of $11.

(I hope this helps, I'm not sure if it's exactly what you were looking for but it's something so...)

3 0
3 years ago
Write a one sentence summary of the central dispute in the case of mcculloch. v. maryland identify the key individuals and insti
insens350 [35]
McCulloch v. Maryland represented a power struggle between the State and Federal law. It was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the U.S. Bank.
8 0
3 years ago
Which buying method can save money but means you must have trust in the reliability of your supplier?
zhuklara [117]

Which buying method can save money but means you must have trust in the reliability of your supplier?

Just in time

7 0
3 years ago
Read 2 more answers
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for t
k0ka [10]

Answer:

<em>Product X and Z should be processed further because the additional sales revenue is greater that further processing cost which leads to a profit. </em>

<em>Product Y should not be processed further because doing so would lead to a loss</em>

Explanation:

WP Corporation should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  

Also note that all cost incurred up to the split-off point (i.e $92,000) are irrelevant to the decision to process further .  

                                                                  X          Y             Z

Sales value at split of point                     23        24           25

Sales value after split off point              <u>  27</u>     <u>  27  </u>           <u>32</u>

Additional sales value                               4         3              7

Further processing cost                           <u>( 2)</u>      <u>( 4 ) </u>          <u>( 4)</u>

Net income?(loss)                                     2          (1 )             3

Product X and Z should be processed further because the additional sales revenue is greater that further processing cost, which leads to a profit.

Product Y should not be processed further because doing so would lead to a loss

5 0
3 years ago
The ________ concept means that an organization strives to satisfy consumer needs while achieving its goals.
Margarita [4]

Answer: marketing concept

Explanation: by adjusting the 4Ps of marketing mix viz, product, price, promotion and place, an organization can attempt to achieve its goals while satisfying customers' needs.

8 0
3 years ago
Other questions:
  • Assume that all of Thurmond Company’s sales are credit sales. It has been the practice of Thurmond Company to provide for uncoll
    5·1 answer
  • On February 1st, H&amp;B Bank originated a loan for $50,000 at an interest rate of 7.2%. On March 15th, an interest payment of $
    5·1 answer
  • On January 1, 20X9, Pallet Company acquires 80 percent ownership in Slat Corporation for $200,000. The fair value of the noncont
    8·1 answer
  • Cardinal Industries purchased a generator that cost $11,000. It has an estimated life of five years and a residual value of $1,0
    15·1 answer
  • The first and easiest skill set that a human resource manager should develop is ______ skill set. a. business b. conceptual and
    13·2 answers
  • Franklin, an employee of XYZ Publishing Company, hired Torrez, a freelance artist, to design the cover of a book, written by Che
    10·1 answer
  • Andrew Flint is the CEO of a small, publicly held company based in Idaho Falls, Idaho. Flint earned $76,000 last year as CEO. In
    12·1 answer
  • Grant Corporation is looking to purchase a building costing $1,300,000 by paying $500,000 cash on the purchase date, and agreein
    14·1 answer
  • In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments
    10·1 answer
  • enterprise project management software is also known as a tool of project management software.low-end mid range high-end baselin
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!