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
AlekseyPX
4 years ago
11

"A customer invests $500,000 in a limited partnership for a 20% interest. The partnership takes a loan for $10,000,000, for whic

h each of the partners has signed and is personally liable. The partnership liquidates and $8,000,000 of the debt is paid off from the proceeds. The limited partner's remaining liability is:"
Business
1 answer:
Anon25 [30]4 years ago
3 0

Answer:

The limited partner's remaining liability is $400,000

Explanation:

The remaining liability after the debt payment of $8,000,000 is $2,000,000 ($10,000,000-$8,000,000)

The limited partner has a 20% interest in the business that entitles the partner to 20% share of profit or liabilities.

The limited partner's share of the remaining liability is 20% of the liability balance i.e   $400,000($2,000,000*20%)

You might be interested in
Suppose the marginal cost of the 1st hour of talking on the phone is $50, the marginal cost of the 2nd hour is $75, and the marg
Nutka1998 [239]

Answer:

$230

Explanation:

Data given in the question

Marginal cost of the first hour = $50

Marginal cost of the second hour = $75

Marginal cost of the third hour = $105

So by considering the above information, the total cost is

= Marginal cost of the first hour + Marginal cost of the second hour + Marginal cost of the third hour

= $50 + $75 + $105

= $230

We simply added the marginal cost of all three hours in order to determine the total cost

5 0
3 years ago
Main purpose or taxes is to
nlexa [21]
The primary purpose of taxation is to raise revenue to meet huge public expenditure. Most governmental activities must be financed by taxation. But it is not the only goal. In other words, taxation policy has some non-revenue objectives. so the answer is A.
4 0
3 years ago
The East Asian financial crisis of the 1990s: Showed how trade partners are unreliable Made countries stop investing in China si
FromTheMoon [43]

Answer:

The East Asian Financial Crisis of the 1990s:

Was associated with moral hazard and fixed exchange rates.

Explanation:

The countries which suffered adverse distress from the financial crisis were Indonesia, South Korea, and Thailand.  The financial meltdown followed the collapse of the hot money bubble, whereby high interest rates and fixed foreign exchange rates were pegged to the U.S. dollars by these mostly exporting countries.  The practice largely favored these Asian exporters until the bubble burst, starting from July of 1997.  And the consequences and lessons now remain Economics and History topics.

7 0
3 years ago
when choosing clothes for an interview, a good rule of thumb is to dress_the job you are applying for ​
Romashka-Z-Leto [24]

Answer:

accordingliy, or dress to impress

Explanation:

lol

8 0
3 years ago
Read 2 more answers
Which challenge leads to a gap between the objectives of the IS systems and the business needs when developing the IS?
kirill115 [55]

Answer: Lack of documentation

Explanation:

8 0
3 years ago
Other questions:
  • An investment bank agrees to underwrite an issue of 15 million shares of stock for Looney Landscaping Corp.
    15·1 answer
  • Harris Company manufactures and sells a single product. A partially completed schedule of the company’s total costs and costs pe
    14·1 answer
  • Which of the following reasons for writing a formal business document would
    9·2 answers
  • Consumers may be equally happy consuming different goods, though they may need to substitute more of one product in place of eac
    9·1 answer
  • Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends.
    13·1 answer
  • A hospital incurs $10 million of cost to treat Medicaid patients and receives $7 million in payment. Actual charges for these Me
    7·1 answer
  • Give some examples of each of the three ""occasions for decision"" cited by Chester Barnard. Explain in your own words why Barna
    13·1 answer
  • f the government put a price floor of $ 11.75 $11.75 on both of the markets, which market would have a greater surplus or shorta
    14·1 answer
  • Freee brainly pointssssssssssssssssssssssssssssssssssssss yayayayayayayayayayayayayayayayay wowowowowowowowowowowowowowowowowowo
    7·2 answers
  • Grace wants to work with clients who are interested in time-shares. What property type will she be dealing with
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!