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nordsb [41]
4 years ago
9

Theresa and Bobbi bought a racecar together. They agreed to share all expenses and split net profits equally. There was no agree

ment as to the duration of the partnership. After about a year, Bobbi decided she was tired of the racing business and left the partnership. Bobbi did not violate the partnership agreement. Theresa claims Bobbi's leaving was wrongful. Is Theresa correct?
Business
1 answer:
mestny [16]4 years ago
5 0

Answer:

<em>No she is not, a partner has the right to quit the partnership at any moment in a partnership at will. </em>

Explanation:

General partners get the option and ability to leave the joint venture at whatever moment, whereas limited and restricted partners are only allowed to leave the partnership in accordance with the terms of the partnership agreement.

Bobby is in accordance with the law to leave whenever, and hasn't broken any agreement.

Whenever a general or limited partner chooses to leave the joint venture, the business continues to remain unless it has been agreed by all partners to dissolve.

You might be interested in
What do you call an economy in which the government- ideally- has nothing to say about what, how, and for whom goods are produce
kati45 [8]

Answer:

The correct answer is market economy.

Explanation:

A market economy is a type of economy where most of the resources or factors of production are privately owned. The allocation of resources is determined by the market forces and not the government.

The government is not in control of what, how or for whom the goods are produced. This type of economy is directly in contrast with a centrally planned or controlled economy, where the factors of production are owned by the government and the government decides the allocation of resources.

5 0
4 years ago
A company is going to issue a $1,000 par value bond that pays a 5% annual coupon. The company expects investors to pay $684.5 fo
Sliva [168]

Answer:

After tax cost of debt is 4.96%

Explanation:

In order to compute the after-tax cost of debt, the yield to maturity to maturity which is pre-tax cost of debt needs to determined first of all using the rate formula in excel as provided below:

=rate(nper,pmt,-pv,fv)

nper is the time to maturity of the bond which is 20 years

pmt is the annual coupon receivable by investors $1000*5%=$50

pv is the current price of the bond less flotation cost per bond i.e($684.5-$50)=$634.5

fv is the future value of $1000 per bond

=rate(20,50,-634.5,1000)

rate=9.01%

after tax cost of debt=rate*(1-tax rate)

                                   =9.01% *(1-0.45)

                                    =4.96%

5 0
3 years ago
Under the Sales Article of the UCC, when a written offer has been made without specifying a means of acceptance but providing th
Aliun [14]

Answer:

The correct answer is letter "C": Both I and II.

Explanation:

The Uniform Commercial Code (UCC) is a set of rules that guide the parameters for fair commercial transactions within the fifty states of the U.S.A. Acceptance of an offer is legitimate under the UCC Sales Article when sent using a valid method. In that sense, option "C" is right as both acceptances (I and II) have been sent before the end of the ten-days term.

4 0
3 years ago
Assume the MPC is 0.625. Assuming only the multiplier effect matters, a decrease in government purchases of $10 billion will shi
expeople1 [14]

Answer: b. left by about $26.7 billion.

Explanation:

The multiplier determines how much government spending affects the aggregagte demand.

Multiplier is:

= 1 / ( 1 - MPC)

= 1 / (1 - 0.625)

= 2.67

The effect on Aggregate demand is:

= Government spending * Multiplier

= -10 billion * 2.67

= -$26.7 billion

Aggregate demand will shift left by $26.7 billion to show that aggregate demand is decreasing.

7 0
3 years ago
_____, a key feature of a customer relationship management (CRM) system, has the ability to capture and analyze all customer int
stiv31 [10]

Answer:

Contact management

Explanation:

Customer Relationship Management:

This is simply regarded as some known practices, strategies, and technologies used by companies so as to manage, record, and evaluate customer interactions. It is a tool used to increase sales growth by blessings or taking care of relationships within a company's customer base.

Customer life cycle

This simply shows the increasing steps a customer must pass through when considering, purchasing, using, and maintaining loyalty to a product

CRM captures, stores and analyzes customer data in real-time so the organization can improve processes that is of importance to customer satisfaction and thereafter support them. It helps in carrying out business strategy effectively.

By implementing a CRM system in a company successfully, a company can reduce costs and improve customer satisfaction. Focusing on customer's needs can helps with building of brand loyalty and market growth of the business.

4 0
3 years ago
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