The type of liability that is illustrated in this scenario is known as unlimited liability.
<h3>What is unlimited liability?</h3>
It should be noted that in an unlimited liability company, the general partners are responsible for all the debts and liabilities that are incurred.
In this case, each general partner is liable for the debts of the firm, no matter who was responsible for causing the debt.
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Answer:
price of iPhones decreases
Explanation:
A decrease in price increases quantity demanded but does not increase demand.
iPhones and Android phones are substitute goods.
Substitute goods are goods that can be used in place of another good.
An increase in the price of androids increases the cost of androids. So, consumers would increases their demand for iPhones.
Because iPhone is assumed to be a normal good. An increase in the price of iPhones would increase the demand for the good.
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
Data plans and iPhones are complement goods.
Complementary goods are goods that are consumed togethe
A decrease in the price of data plans would increase the demand for iPhones.
Answer:
The correct answer is: Brazil.
Explanation:
Goldman Sachs coins in 2001 the term BRIC to refer to those major economies that were likely the most influential of the 21st century. BRIC is an acronym that joins the initial for the countries of Brazil, Russia, India and, China. Out of the four, Brazil's Odebrecht-Petrobras case has been spread all over the world as one of the biggest corruption cases known in economic history, where governmental representatives and even president <em>Luis Inacio Lula da Silva was involved</em>. Besides, the uneven distribution of wealth in Brazil is an ongoing problem that has been affecting its population for decades.
The effect of each transaction on the accounting equation is to be shown in the attachment below.
The following information should be considered:
- In the accounting equation, the total assets should be equivalent to the total liabilities & the shareholder equity.
- It determined the financial position, performance of the company.
- It is known as the presentation of the balance sheet.
In this way, the accounting equation should be prepared.
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