Answer:
The statement is: False.
Explanation:
A partnership is an organization where two or more owners operate a business. They share the profits in proportion to their percentage partnership interest. There are two types of partnerships: <em>general partnerships</em> (unlimited liability) and <em>limited partnerships</em> (the liability is proportional to the amount of the money the partners contribute to the partnership).
If one of the <em>partners retires, wants to exit the partnership, passes away or if a new partner will be added, the partnership is dissolved and a new partnership is formed.</em>
Answer:
Interest on a national debt
Explanation:
If a government decides to pay the interest on the national debt, that is one of the examples of an opportunity cost which a whole country will abide. For instance, a government pays interest on a debt of 10 million dollars, that money could have been spent on education, health or on building infrastructure such as roads. Governments every now and then make certain decisions which result in a large sum of opportunity cost, and a whole country experiences that.
Answer:
The correct answer is:
gain of $5,000 (c.)
Explanation:
In order to determine, if a profit or loss was made on the batting cage, we will determine the salvage value of the equipment, and find the difference between this value and the selling price. This is done as follows:
Salvage value = initial cost - accumulated depreciation
Salvage value = 310,000 - 260,000 = $50,000
selling price = $55,000
since the selling price is greater than the salvage value of the equipment, a profit (gain) was made on the sale, and the gain is calculated as follows:
gain on sale = selling price - salvage value
= 55,000 - 50,000 = $5,000 gain.
The hardest part of the sales cycle is closing a sale.Getting a prospect's commitment to buy during the closing stage of the selling process.
<h3>Which step in the sales process is the hardest? </h3>
- The hardest part of the sales cycle is closing a sale.Getting a prospect's commitment to buy during the closing stage of the selling process.
- Because the salesperson must ascertain when the prospect is prepared to buy, this stage is both the most crucial and the most challenging.
- The process of closing a transaction might occasionally be the most crucial and difficult of all the selling procedures.When the customer indicates that they are prepared to buy, you can proceed to executing the transaction.The sales process includes these four steps:welcome, qualify, present, and close.
To learn more about sales process refer
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