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yan [13]
3 years ago
10

A client invests $100,000 in a tax shelter as a limited partner, giving him a 10% interest in the program. However, the general

partners cannot meet the program's expenses. A mortgage balance of $3 million remains, and the property of the program is liquidated for $1 million. How much does the investor get back from his original investment
Business
1 answer:
sergeinik [125]3 years ago
3 0

Answer: 0

Explanation:

From the question, we are informed that a client invests $100,000 in a tax shelter as a limited partner, giving him a 10% interest in the program but that, the general partners cannot meet the program's expenses.

We are further told that a mortgage balance of $3 million remains, and the property of the program is liquidated for $1 million. The investor get back nothing from his original investment

This is because a limited partner will not get return of his investment. The creditors of the partnership have to be paid first in a failed program.

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Company A can have a diverse workforce if it is made up of employees from culturally different places working together in the same workplace.  Bias often arises due to human cultural nuisances.  This becomes more obvious where managers are from some particular cultures while the employees are from mixed cultures.  In such situations, the managers need to be retrained to enable them embrace cultural diversity in the workplace and in performance evaluation.

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