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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.

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Verizon [17]

Answer: Sarah failed to evaluate a potential ethical issue.

Explanation:

From the question, we are informed that Sarah who is the controller of a large beverage supplier, supervises two employees and that her boss, Vladimir, told her to increase the company's inventory balance for an amount that is material to the financial statements by crediting several small "miscellaneous" expense accounts.

We are further told that Sarah does not know the reason behind this but told one of her staff to make them because she has been instructed to do so.

We can see that Sarah failed to evaluate a potential ethical issue. She didn't evaluate the effect of what she is doing. In this case, what her boss told her to do could be a case of fraud and she just obliged without asking questions which will put her conscience at ease in case anything happens but the fact that she just did it without asking questions or thinking if what she has done is morally right or wrong, it shows that Sarah failed to evaluate a potential ethical issue.

4 0
3 years ago
Select the correct answer. If a company produces, promotes, and sells bags made of recycled paper, which concept is it using? A.
igomit [66]

Answer:

If a company produces, promotes, and sells bags made of recycled paper, which concept is it using?

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This concept simply entails running of a long term interest which does not only suits customers wants alone but also makes the priority of the company paramount.

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Prepare a bank reconciliation as of October 31 from the following information:
kakasveta [241]

Answer:

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Particulars                       Amount    Particulars                     Amount

Balance as per bank          $350      Balance as per books    $806

Add: Late deposit               $433      Less: Returned checks   $80

Less: Outstanding check    $66       Less: Error recordings    $9

          ($24+$42)                                           ($65-$56)

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