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
KatRina [158]
3 years ago
13

Unless otherwise stated in the partnership agreement, even if one partner has an unusually large proportion of management duties

, each partner will have one vote in determining how the partnership is managed.
a. True
b. False
Business
1 answer:
creativ13 [48]3 years ago
6 0
B. False, uneven proportion of capital would favor the one with the largest capital. <span> For a reason that the other partner has the greatest investment than the rest, this shall be taken into account which would give more weight to that person's vote.</span>
You might be interested in
On November 1 of the current year, Rob Elliot invested $30,000 of his cash to form a corporation, GGE Enterprises Inc., in excha
andrew-mc [135]

Answer:

1. What is the amount reported for total  liabilities and stockholders' equity on  December 31?

$56,150 (same as total assets)

2. What is the retained earnings amount  reported on December 31?

= total equity - common stock = $37,785 - $30,000 = $7,785

3. How much does GGE Enterprises Inc.  owe to its creditors?

accounts payable = $56,150 - $37,785 = $18,365

4. How much cash is being held by GGE  Enterprises Inc.?

cash = $56,150 - $8,350 - $15,500 = $32,300

<u />

5. By what amount did retained earnings  increase or decrease during the period?

$7,785 - $5,000.00 from Nov.  = $2,785

6. What is the amount of profit or loss during  December?

profit = increase in retained earnings + dividends = $2,785 + $5,750 = $8,535

7. What were the total expenses for December?

total expenses = fees earned - December's profit = $27,250 - $8,535 = $18,715

8. How much was paid for utilities?

$18,715 - $6,450 - $4,625 - $1,220 - $400 = $205

Explanation:

the numbers are all mixed, so I looked for a similar question:

Cash ? = $56,150 - $8,350 - $15,500 = <u>$32,300</u>

Accounts Receivable $8,350.00

Land $15,500.00

Accounts Payable ? = $56,150 - $37,785 = <u>$18,365</u>

Common  Stock ? <u>$30,000</u>

Retained Earnings = $37,785 - $30,000 = <u>$7,785</u> ($5,000.00 from Nov. + $2,785 from Dec.)

Dividends $5,750.00

Fees Earned $27,250.00

Supplies  Expense $6,450.00

Utilities Expense ?

Wages Expense $4,625.00

Rent Expense $1,220.00

Miscellaneous  Expense $400.00

5 0
4 years ago
When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is _________, so
o-na [289]

When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is <u>low </u>so the quantity of money demanded will be <u>high</u>.

If interest rates go up, the demand for money will go down. Once it equals the new money supply, there will be no more difference between how much money people are holding and how much they want to keep, and the story is over. This is why (and how) a decline in the money supply raises interest rates.

As interest rates rise, the amount of money demanded decreases because the opportunity cost of holding money decreases. As interest rates rise, aggregate demand shifts to the left. The interest rate effect arises from the idea that higher price levels reduce the real value of household holdings.

Learn more about interest rates here: brainly.com/question/1115815

#SPJ4

7 0
2 years ago
The graph shows a point of equilibrium.
Alekssandra [29.7K]

Answer:

The correct answer is that the price of the product will decrease in order to meet the equilibrium

Explanation:

Equilibrium point is the point where the quantity supplied is equal to the quantity demanded. And the equilibrium price as well as the quantity is evaluated through the intersection of the demand the supply.

When the quantity which is supplied is greater or more than the quantity demanded, it will create a situation of surplus. And if the product price is decreased or lowered down, then the quantity demanded of the product will increase or rise until it reached to equilibrium. In short, the surplus drives the price down.

7 0
4 years ago
Jung Hwa was recently married on July 1, 2018. She had worked for the organization for the past eight years and has been covered
lys-0071 [83]
Now that’s what she should do but if she doesn’t what to then oh whale
6 0
3 years ago
The accounts receivable turnover is computed by dividing
Vika [28.1K]

Answer: The accounts receivable turnover is computed using the formula below: Net credit sales divided by Average accounts receivable

Explanation: The accounts receivable turnover ratio is a measure used to quantify a company's effectiveness in managing its receivables collections or amount owed by clients. The following steps are involved in calculating the accounts receivables turnover:

  • Get the accounts receivable at the beginning and end of the desired periods and divide by 2 to get the average, which is the denominator in the formula above.
  • Then get the net credit sales, which is the total sales revenue done on credit to customers, after backing out customers' returns

High accounts receivable turnover ratio means the company's collection process is highly effective while the low ratio signifies the opposite.

6 0
3 years ago
Other questions:
  • Which of the following expressions is correct?
    5·1 answer
  • In a private company’s accounting system, inputs are _______________ and outputs are _________.
    11·1 answer
  • Mr. Husker’s Tuxedos Corp. ended the year 2018 with an average collection period of 37 days. The firm’s credit sales for 2018 we
    14·1 answer
  • State the accounting equation.
    6·1 answer
  • A five-year note payable would appear on the balance sheet as a(n) a.disclosure in the notes only. b.long-term liability for the
    12·1 answer
  • A company's total expected overhead for the year is $500,000. Two activity cost pools have been identified: Customer Service wit
    7·1 answer
  • ABC Inc needs to raise $111 million to expand operations. The CFO plans to sell 15-year zero-coupon bonds to fund the project. B
    7·1 answer
  • You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time
    10·1 answer
  • Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black an
    5·1 answer
  • Which of the following is considered the more industrial version of hunting?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!