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
Another term for a pre- inspection agreement is
pentagon [3]
Another term for a pre-inspection agreement is
6 0
3 years ago
When spoiled goods have a disposal​ value, the net cost of the spoilage is computed by​ ________. A. adding the costs to complet
madam [21]

The net cost of the spoilage is computed by  adding the costs to complete a

saleable product to the costs accumulated to the inspection point.

The net cost of spoilage involves summing up the disposable value of the

product to the costs accumulated to inspection point.

The cost of spoilage also refers to the costs accrued as a result of wastage

or loss during manufacturing.

Read more on brainly.com/question/25393278

3 0
2 years ago
The capitalized cost of land excludes:
svet-max [94.6K]

Answer:

(D) Property taxes for the first year owned.

Explanation:

Capitalized cost is an added expense of a fixed asset. This is not the price paid for an asset but an additional expense incurred overtime in the form of depreciation or amortization. Excluded in this cost is the property taxes for the first year owned. It is included in the cost basis of the asset.

4 0
3 years ago
Q 4.41: Pierson Industries has a beginning retained earnings balance of $42,500. An adjusted trial balance shows total expenses
stealth61 [152]

Answer:

=$46,500

Explanation:

Retained earning = beginning retained earning+ earnings - dividends.

For  Pierson Industries

Beginning retained earnings is $42,000

revenues are $104,800

expenses $97,300

Dividends paid out $3,500

Earning for the period will be revenue minus expenses

=$104,800 - $97,300=$7,500

retained earnings are the end of the year will be

= $42,500+$7,500 -$3,500

=$50,000 -$3,500

=$46,500

4 0
3 years ago
Christine and Doug are married. In 2014, Christine earns a salary of $250,000 and Doug earns a salary of $50,000. They have no o
Rus_ich [418]

Answer:

A. $450

Explanation:

In 2014, the Medicare surtax for high-income taxpayers started when married couples filing jointly earned over $250,000. in this case, Christine and Doug made $300,000, so the surtax = ($300,000 - $250,000) x 0.9% = $450

The Medicare surtax income threshold has not been adjusted to inflation and remains at the same level for 2020.

Total medicare contributions for high income taxpayers = 1.45% + 0.9% = 2.35%

3 0
2 years ago
Other questions:
  • Slider owns a hamburger restaurant. Slider's minimum average variable cost is $ 10 at a quantity of 100 hamburgers, and his mini
    14·1 answer
  • What kind of good is It? Determine whether each of the following goods is a private good, a public good, a common resource, or a
    12·1 answer
  • You overhear a newly graduated RN telling one of your colleagues that leadership and management belong to the unit manager and n
    10·1 answer
  • In 2017, Walker Company issued common stock for $200,000 cash. The company also paid cash dividends of $30,000, and issued a two
    12·1 answer
  • Which of the following should you do before taking the PSAT?
    13·2 answers
  • The new performance management system at the Long Island Jewish Medical Center (L.IJ.M.C.) was specifically designed to address
    11·1 answer
  • Western Electric has 21,000 shares of common stock outstanding at a price per share of $61 and a rate of return of 15.6 percent.
    6·1 answer
  • The following static budget is provided: Units 22,000 Units Sales $ 220,000 Less variable costs: Manufacturing costs $ 77,000 Se
    12·1 answer
  • The Greek Connection had sales of $32 million in 2009, and a cost of goods sold of $20 million. A simplified balance sheet for t
    15·1 answer
  • A city issues five-year bonds payable to finance construction of a new school. what recording should be made?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!