Answer
Option B. Laura is personally liable as the bank, in good faith, thought she is a general partner
Explanation:
Limited Partnership (LP)
This is Business entity that exists in line with state statutes that gives limited liability to some of its members who called limited partners.
RULPA
This is simply called Revised Uniform Limited Partnership Act. It is the model for Limited Partnership legislation in most states.
Limited Partner
This is a part or member of a limited partnership.it is that individual who is not involved in controlling the business and whose liability is limited to amount invested in the business.
General Partner
It is simply a member in a limited (or general) partnership who controls the business and has unlimited personal liability.
In the above scenario, Laura will be taken as a general partner and will be held personally accountable or liable for the loan, and also along with the general partners of the limited partnership.The rule of RULPA gives the right for a limited partner to be involved in the management of the partnership’s affairs and not losing the limited liability if the limited partner has been formally employed by the partnership to be an executive of the partnership.
Answer:
D. Spending tax revenues
Explanation:
Fiscal policies are the actions of the executive wing of the government to alter its spending and taxation strategies to achieve macroeconomic objectives. Fiscal policies are the activities of adjusting government spending and taxation in the economy.
The government receives data on the state of the economy from various agencies. The government adjusts its spending and taxes to influence the level of economic activities to achieve steady growth and stable prices.
Answer:
By Serving As A Tool For A Distributing Goods And Services.
Answer:
3.12%
Explanation:
We use formula in excel to calculate annual rate of return
Rate = (Nper,PMT,,FV,1)
Nper (number of payments): 30
PMT (payment made every period) : -$20,000
FV (future value of investment): $1,000,000
type 1 for payment beginning of period
Then rate = (30,-20000,,1000000,1)= 3.12%
Please see excel attached for the calculation
Answer:
The formula for RNOA is net income divided by net operating assets.
29,068/354,414= 8.2%
Explanation:
