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4 years ago

Which sentences describe characteristics of a partnership?

Business

2 answers:

lesya692 [45]4 years ago

4 0

Answer:

The correct answer would be option B, The owners pool their resources to raise capital.

Explanation:

Partnership is one of the four main forms of business. Other forms include Sole proprietorship, corporation, limited liability, etc. Partnership is a form of business in which there are two or more people who invest their money and time to flourish the business. The partners or owners invest their resources to raise capital. These resources can be in the form of money, technology, human, expertise, etc. All such resources will benefit the company and eventually increase the capital of the company and this increase will ultimately give benefit to the partners as they are the ones who will receive the profits.

Dominik [7]4 years ago

3 0

D sounds like the best answer

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Glover Corporation issued $2,000,000 of 7.5%, 6-year bonds dated March 1, with semiannual interest payments on September 1 and M

Stels [109]

Answer: This could be explained as below :-

Explanation:

A. Bonds were issued for $97 with par value of $100, hence they were issued on discount.

B. Market rate was higher, as company issued bonds on discount.

C. Amortization = $2,000,000 * 7.5% * 10/12 = $125,000

Discount = $60,000/6 * 10/12 = $8,333

Total interest expense = $125,000 + $8,333 = $133,333

D. Carrying value = $2,000,000 - $51,667 ($60,000 - $8,333) =$1,948,333

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4 years ago

Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at prod

taurus [48]

Answer:

D. Benefit both Steve and Tom

Explanation:

As Tom produces baseball gloves and baseball bats. Steve also produces baseball gloves and baseball bats, but Tom is better at producing both goods. In this case, trade could benefit both Steve and Tom. The basic logic behind this answer is that, although Steve is not better at producing baseball gloves and bats but still can compete with Tom, where Tom's better quality products will encourage Steve in order to produce bit better quality in order to remain him in the market and competition. On the other hand, when Steve is not producing much quality products, this will give more competitive advantage to Tom, which definitely help him in earning more profits and loyal customers, therefore, in this cycle, both Steve and Tom will get benefit.

6 0

3 years ago

On January 6, Brumbaugh Co. sells merchandise on account to Pryor Inc. for $7,000, terms 2/10, n/30. On January 16, Pryor Inc. p

Harrizon [31]

Answer:

No. Date Accounts titles and explanation Debit Credit

(a) Jan. 6 Accounts receivable $7,600

Sales $7,600

Jan. 16 Cash $7,296

Sales discounts($7,600 * 4%) $304

Accounts receivable $7,600

(b) Jan. 10 Accounts receivable $13,300

Sales $13,300

Feb. 12 Cash $6,650

Accounts receivable $6,650

Mar. 10 Accounts receivable $133

Interest revenue(6,650 * 2%) $133

7 0

3 years ago

Read 2 more answers

The Fine Point Company currently produces all of the components for its one product, an electric pencil sharpener. The unit cost

Flauer [41]

Answer:

$4.15.

Explanation:

The relevant to use in reaching the decision can be computed as follows:

Relevant cost = Direct materials + Direct labor + Variable overhead = $1.75 + $1.65 + $0.75 = $4.15.

Therefore, the relevant cost of manufacturing the motor to be considered in reaching the decision is $4.15.

3 0

3 years ago

What are characteristics of economic growth

NemiM [27]

First you need what a economic growth is, Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP.Growth is usually calculated in real terms- i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. The the charactersticts are that you make alot of money. I hope this helps!!

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4 years ago