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EastWind [94]
3 years ago
8

A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the

transaction that created the debt.
Business
1 answer:
azamat3 years ago
5 0

Answer:

True

Explanation:

A partnership is a type of business owned by two or more individuals known as partners. The partners join forces to exploits their talents and resources and profit from the business. A partnership may comprise of general and limited /silents partners.

The general partner participates in the day to day activities of the business. He or she makes business decisions on behalf of the partnership. Because a general partner is actively involved in managing the business, he has unlimited liability to its obligations. Should the partnership fail to meet its obligation, the assets of a general partner sold to settle the debts. He or she need not have been involved in creating the liability.

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The Piper Co purchased a new machine 4 years ago at $15 million. The machine can be sold for $5 million today. The firm's curren
notsponge [240]

Answer:

$5,750,000

Explanation:

Given that,

Net working capital = $750,000

Current Liabilities = $2,000,000

Book value of the net fixed assets = $3,000,000

Net working capital = Current assets - Current Liabilities

Book value of the current assets:

= Net working capital + Current Liabilities

= $750,000 + $2,000,000

= $2,750,000

Book value of the firm's assets:

= Book value of the current assets + Book value of the net fixed assets

= $2,750,000 + $3,000,000

= $5,750,000

4 0
3 years ago
Delinquency occurs at how many days past due on your loan repayment?
Maslowich

Delinquencies are reported when the loan is 30 or more days past due to the credit bureau. When the borrower is 90 or more days past due is stated to be a serious delinquency.

<u>Explanation:</u>

Delinquency is a situation in which the loan borrower fails to pay the loan or makes an overdue on the periodical payment.

<u>Delinquency rate:</u>

The percentage of loans within the loan portfolio of a financial institution whose payments are delinquent. The formula to calculate the delinquency rate is as follows,

\text{Delinquency Rate }=\frac{\text{Number of delinquent accounts}}{\text{total number of credit accounts}}\times100

<u>Average days delinquent:</u>

This is calculated by subtracting the days sales outstanding (DSO) from best Possible DSO which is represented as

<u></u>\bold{\text{ADD= Days Sales Outstanding - Best Possible Days Sales Outstanding}}<u></u>

5 0
3 years ago
It has been Shelly's dream to open a bakery, and while she has experience in making all types of baked goods, she always gets ra
jok3333 [9.3K]

Answer: Limited marketing  

                         

Explanation:  Limited marketing strategy refers to the marketing strategy in which the organisation tries to target a specific set of customers from a target market rather than everyone.

These are opted by organisation that have unique features in the product they are offering or have specialization in a specific product among others.

      In the given case, Shelly has expertise in making bakery products but her cupcakes gets special attention from the customers.

Thus, we can conclude that the decision of Shelly to open a cupcake shop is an example of limited marketing.

4 0
3 years ago
Your credibility is your capability of being believed because you are reliable and worthy of confidence.
QveST [7]

yes, agreed and proven.

7 0
2 years ago
Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at t
Maksim231197 [3]

Answer:

FV= $1,181.62

Explanation:

Giving the following information:

Your bank offers a savings account that pays 3.5% interest, compounded annually. How much will $500 invested today be worth at the end of 25 years?

We need to use the following formula:

FV= PV*(1+i)^n

FV= 500*(1+0.035)^25

FV= $1,181.62

6 0
3 years ago
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