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TiliK225 [7]
3 years ago
6

Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen

. The lease requires Abby to pay Carmen a base rental of $1,250, plus 10 percent of Bowls Bistro's profits, each month. The term is two years.
Abby hires Devin to take and fill customers' orders at an hourly wage of $15.00, plus tips. ​Abby and Carmen are:

A) not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.

B) not partners, because the lease includes a "base rental."

C) not partners, because the rent includes only 10 percent of the profits.

D) partners in a partnership for two years.
Business
1 answer:
Schach [20]3 years ago
3 0

Answer:

Correct option is A.

<u>Not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.</u>

Explanation:

Because he has no managerial or ownership rights, That's why they are not partners in the given scenario.

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Total producer surplus= $30

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