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melomori [17]
3 years ago
15

When a partner leaves the company, the partnership is dissolved and a new partnership may be formed with the remaining partners.

Business
2 answers:
Kazeer [188]3 years ago
7 0

Answer: TRUE

Explanation: In case of partnership, the owner and business are not considered to be separate legal entity. Thus, if a partner leaves the company whether willingly or unwillingly as in case of death, the existing agreement dissolves.

In such a case, the remaining partners calculate if there is any obligation on the entity to pay to the old partner or some share that the old partner is liable to pay to the firm.

After such considerations a new partnership agreement is formed by the remaining partners.

denis23 [38]3 years ago
7 0

Answer:

True

Explanation:

When a partner leaves the company, the partnership is dissolved and a new partnership may be formed with the remaining partners.

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As used in government accounting, expenditures are decreases in:_______
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As used in government accounting, expenditures are decreases in net assets. Hence, option A is correct.

<h3>What is net assets?</h3>

The net assets are the total assets of the company minus the liability of the company, which is the basic calculation of the net assets. It is calculated at the time of preparing a company's balance sheet, and for this purpose, the person has to calculate the trading and profit and loss of the company.

Net assets are considered the equity of the company, and it is the retained earnings of the company. The corporation retains its profits and does not disperse them to the owners. Profits are retained in the company to support its expansion.

Thus, option A is correct.

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2 years ago
Sharpe Knife Company expects sales next year to be $1,550,000 if the economy is strong, $825,000 if the economy is steady, and $
aleksley [76]

Answer:

The expected level of sales for the next year is $960000

Explanation:

The expected sales will be calculated based on the probabiltiy of the economic condition multiplied by sales in that economic condition.

The expected sales for the next year will be,

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Expected Sales = $960000

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When museums charge a lower admission fee to students and senior citizens, this form of price discrimination is known as _______
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Segmented pricing is a situation, when seller or a company establishes different prices (two or more), for one the same product.

Price segmentation, to put it simply, is the process of differentiating pricing based on willingness to pay. It is motivated by the reality that customers' price sensitivity might differ greatly from one another, from one product to another, and throughout all the environments in which they use your product.

With price segmentation, you may set different prices for various consumer types according to their willingness and ability to pay. Price segmentation allows you to profit more from consumers who spend the most and less from those who pay the least.

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3 0
1 year ago
The relationship between the benefits a consumer receives from a product or service and what they give up to obtain those benefi
Alik [6]

Answer:

Customer value

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Customer value is a marketing term representing the satisfaction or experience or benefit a customer gets from a product in exchange for the value they give to have access to the satisfaction.

In the future term, it also represents the benefit a customer expects to get from a product mostly based on the promises of the vendor in exchange for the payment or value the customer is expected to transfer to the producer for the product.

The value a customer is to give to derive the satisfaction is not limited to monetary transfers it could also include time, knowledge, even other choice products that could have offered similar benefits. Customer value will help a customer decide whether the benefit from a product is worth the expense or value given to obtain it.

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