Answer:
Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE
Explanation:
What is Partnership
Partnership is a form of business, where individuals come together to carry on business with the primary intention of making profit. Mostly, they come together by contributing capital and expertise to make the business work . Every partner is however liable and responsible for both the profit made and the losses or liabilities of the partnership.
Although the general partner has unlimited liability, every partner is however jointly and severely liable for the business
Were Summemour and Hatcher Liable?
This case is referred in the J.T. Turner Construction Company v. Summerour and Hatcher(2009). The court this case declared that both Hatcher and Summemour were jointly and severally liable as a result of the following reasons.
A partner becomes liable especially for a prior judgment based on the following
1. The partnership has proven indebtedness
2. A general partner in the partnership was sued to court
Based on these, Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE
Answer and Explanation:
This is because education has a positive rate of return. Investment in Education is an investment in new knowledge which is beneficial to any country. These countries have subsidized these forms of education because they recognize that an investment in education is an investment in human capital. Which would likely increase future productivity and ability to earn money.
Education is very beneficial to the individual who gets it, but a country where it's citizens have a good level of education benefits everyone positively.
1. Better health outcomes due to breakthroughs in research.
2. Reduction in Crime rates
3. Better environment
4. Also a better government
Are reasons for using taxpayers dollars to subsidize all these levels of education.
Answer: Personalization
Explanation: In simple words, personalization refers to the altering of product or services by the producer with the objective of increasing the customer satisfaction.
In the given case, the employees of Kirksand airlines respond to the specific needs of the customers readily. They are flexible in their operations and always be ready to fulfill specific requests.
Hence, from the above we can conclude that the correct option is B.
Answer:
5000
Explanation:
100,000x5%= 5000
5000x4 years= 20,000x5%= 1000
5000x5=25,000x5%= 1250
1250+ 1000= 2250
R= 1750
5000-2250-1000= 1750
I might be wrong
Answer:
Explanation:
1.Amount to be paid Annually to fell leasing Company = $10,000.
Incremental rate of borrowing = 11%
Lease Period = 5 yrs.
2. Value of lease equipment as on 1st October 2017 i.e., date of lease.
= 10,000 * (PVOA) = (11* for 5 years)
=10,000 * 3.6959 (using -PVAF table)
= $ 36,959
Factors are used according to the table of PVAF
3.Lease liability as on 31-12-2017
= 10,000 * PVAD (11 * 4 years) [since 4 years in these)
= 10,000 * 3.44371
= $ 34,437.10
Lease liability as on 31st Dec 2018
= 10,000 * PVAD (11% 3 years) (still 3 yrs left as on 31-12 -2018)
= 10,000 * 2.71252 = $ 27,125.20
