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vesna_86 [32]
3 years ago
6

In which of the following forms of doing business does the death of one of the owners cause dissolution? a. nonprofit corporatio

n b. partnership c. S Corporation d. closely-held corporation e. C Corporation
Business
1 answer:
LenKa [72]3 years ago
5 0

Answer:

b. partnership

Explanation:

Partnership refers to a form of business wherein two or more individuals agree to carry out a business mutually agreeing to share profits and losses in agreed ratio as per the clauses specified in the partnership deed.

Also, upon retirement or death of a partner, the partnership firm gets dissolved and requires to be reconstituted again with necessary changes being carried out in clauses and specified profit sharing ratio in the partnership deed.

Another significant feature of partnership being, except for limited liability partnership, in all other forms of partnerships, the partners are exposed to unlimited risk.

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It is the third one
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_______ is a type of a multinational corporation that centralizes its management and other decisions in the home country.
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Answer: Global Company

Explanation:

<u>A Global Company</u> is a type of multinational corporation that centralizes its management and other decisions in the home country.

None of these answers are correct. However, I will assume you accidentally wrote "global economy" instead of "global company" because global company is actually the answer.

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1 year ago
According to Keynesians, an increase in the money supply will have its greatest impact on GDP when the aggregate demand curve in
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the horizontal portion of the aggregate supply curve.

What is GDP?

The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.

Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly. For instance, the government of the United States produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Each piece of data in this report is presented in real terms, which means that it has been adjusted for price changes and is therefore net of inflation.

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5 0
2 years ago
On December 31, 2015, Sarasota Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Sara
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The appropriate journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

<h3>Journal entries</h3>

(a) December 31, 2015

Debit Notes receivable $129,859.2

($160,000 x 0.81162)

Credit Service revenue   $129,859.2

(PV of $160,000 due in 2 years at 11%)  

(b) December 31, 2016

Debit Notes receivable $14,284.5

($129,859.2 x 11%)

Credit Interest revenue   $14,284.5

(c)  December 31, 2017

Debit Discount on notes receivable   $44,425

[$160,000 - ( $129,859.2-  $14,284.5)]

Credit Interest revenue  $44,425

Debit Cash $160,000

Credit Notes receivable $160,000

Inconclusion the journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

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2 years ago
A manager who follows the transformational leadership model is likely to believe that managers should Multiple Choice withhold i
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A manager who follows transformational leadership model is likely of the beliefs that coercive powers can help in extraction of the best performance from the employees.

<h3>Who is a manager?</h3>

A person, by whatever name or title called, who is an expert in looking after and presiding over the control and administration of a business organization, while also reporting to the top level and low level personnel, is known as a manager.

Hence, the significance of a manager is as explained above.

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