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
nordsb [41]
3 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]3 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
A firm is evaluating a capital budgeting project that generates cash inflows equal to $50 per year for the next five years. If t
Anna11 [10]

Answer:

Initial Cost = $180

Explanation:

Payback period estimates the time an investment projects resulting cash flows take to recover the initial amount o=invested in the project. A traditional payback period doesnot take present value into account and just focuses on the nominal recovery of the initial investment.

If a capital budgeting project provides inflows of $50 per year and the payback period is 3.6 years, the initial investment is:

3.6 = 50 + 50 + 50 + x

Where x = 0.6 of 50

and x = 0.6 * 50 = 30

Initial cost = 50 + 50 + 50 + 30 = $180

3 0
3 years ago
The ______ is a security technique associated with the use of credit cards at the time of purchase that checks additional digits
gayaneshka [121]

Answer:

Card Verification Number

Explanation:

The card verification number is the additional code printed on the back of the debit or credit card. On most cards it is the last three digits printed on the signature strip located on the back of the card. On American Express (AMEX) cards, this is usually a four-digit code on the front of the card. Since this number is not embossed (like the card number), it is not printed on receipts, so it is unlikely that anyone, In addition to the actual cardholder, know him.

6 0
3 years ago
A work arrangement whereby employees are able to remain at home and perform their work using computers that connect them with th
Anarel [89]

Answer:

Telecommuting

Explanation:

Telecommuting is when employees work outside of their organization. In this type of work arrangement, employees work remotely and are connected to their organization platform through technology applications such as zoom, slack etc.

Although, workers may visit their workplace occasionally for meetings that requires physical presence , their main duties are carried out away from their workplace.

8 0
3 years ago
Douglas International consistently estimated its bad debt expense at 2 percent of credit sales. In 2020, however, Douglas determ
Anastaziya [24]

Answer: $420,000 of expense in the income statement as an ordinary item. Douglas’ accounts for this change in estimate in the period of change by reporting the newly calculated amount of bad debt expense as an ordinary item of income. Changes in estimate are not considered an extraordinary item, an error correction, or a change in accounting principle.

4 0
2 years ago
Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end
Ratling [72]

Answer:

$5837 approx

Explanation:

Amount = Principal(1\ +\ r)^{n}

Amount deposited at the end of year 1 would yield = $2500 (1\ +\ .09)^{4} = $2500 × 1.41158 = $3528.95

Amount deposited at the end of year year 3 would yield = $750 (1\ +\ .09)^{2} = $891.075

Amount deposited at the end of year 4 would yield = $1300 (1\ +\ .09)^{1} = $1417

Total deposit at the end of year 5 = $3528.95 + $891.075 + $1417 = $5837 approx.  

3 0
2 years ago
Other questions:
  • The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation
    10·1 answer
  • Hawaiian food would be an example of what type of cuisine?
    12·1 answer
  • Negative inflationary surprises lead to a(n):____________.
    5·1 answer
  • Mendoza Company's highest point of total cost was $80,000 in June. Their point of lowest cost was $65,000 in January. The compan
    14·1 answer
  • Prior to recording adjusting entries, the Office Supplies account had a $372 debit balance. A physical count of the supplies sho
    15·1 answer
  • An audit basically consists of having the auditor form an opinion regarding management's financial statement assertions. The aud
    13·1 answer
  • A particular country has almost a 3 percent prevalence for schizophrenia. that country:
    5·2 answers
  • 1. describe the it architecture (both type of it architecture and its information system parts) at pepsiamericas before its cust
    6·1 answer
  • You own 50 shares of Auto Corporation that you purchased for $30 a share. The stock is currently selling for $50 a share, and yo
    6·1 answer
  • Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!