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telo118 [61]
3 years ago
8

When it comes to decision making, in a limited partnership there is no separation of ownership and control limited partners have

no control over business decisions limited partners have an equal say, but no liability the partners have control based on invested capital. True or false?
Business
2 answers:
Furkat [3]3 years ago
8 0

Answer:

true

Explanation:

kati45 [8]3 years ago
7 0

Answer:

yes, there is no separation between the administration and ownership in a partnership.

the partnership contract stipulates which partners have the decision making ability and which partners don't. We cannot say specifically that limited partners have no say in decision making.

Moreover, the control of the partnership is not based on the amount invested like in corporations. that too is based on the contract. however, in practice, yes if you have more money invested in the business, you have more influence.

Explanation:

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The product’s equilibrium price

Just simply because the price and quantity is the same

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On January 1, 2021, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $200,000 in cash. The equipment had ori
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Answer:  $‭322,000‬

Explanation:

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Excess depreciation = New depreciation of equipment - Old depreciation

Depreciation is straight line;

= (200,000/5 years) - (110,000/5)

= $18,000

Gain from transfer of equipment

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5 0
3 years ago
Departmental Overhead Rates Lansing, Inc., provided the following data for its two producing departments:
QveST [7]

Answer and Explanation:

The computation is shown below:

1. Overhead rates

For Molding Deptt

= Total Estimated overhead ÷ Total Machine hours

= $400,000 ÷ 5,000

= $80 per machine hour

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= Total Estimated overhead ÷ Total Labor hours

= $80,000 ÷ 20,000

= $4 per machine hour

2. Overheads assigned to Form A is

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= $300,000

Overheads assigned to Form B is

= (80 × 1500) + (4 × 15000)

= $180,000

Now

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4 0
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Answer:

Total direct labor cost = $16,087.50

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7 0
2 years ago
David ricardo believed that:
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Trade will benefit countries when it generates gold and silver for the national treasury.
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