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jeka57 [31]
3 years ago
9

A disadvantage of forming a partnership is that ownersa) can find it tougher to start and stop a business.b) can find it more di

fficult to get a bank loan.c) are only responsible for their own finances.d) are fully responsible for their partners' losses.
Business
2 answers:
antiseptic1488 [7]3 years ago
8 0

Answer : option D

Explanation : In simple words, partnership refers to the business arrangement in which two or more individuals join their resources and effort for attaining mutual objectives.

In such arrangements, firms and owners are not considered to be separate legal entities, thus owners are personally liable for the firms debts, thus if a loss occurs due to one partner the other partner has to bear its losses as well.

These firms can easily obtain bank loans as banks can take back their money in case of default form personal assets of owners. These businesses generally operate at the medium level therefore the entry and exit from the market is comparatively easy.  

alexandr1967 [171]3 years ago
5 0

Answer:

<em>D. Are fully responsible for their partners losses</em>

Explanation:

The formal agreement between two or more parties for managing, operating and sharing the profits in a business is called partnership business. there are various types of business partnerships. In some partnerships   all the partners share the profits and liabilities equally while in others they are have limited liability.  

<em>Generally there are three types of business partnerships: General partnership, Limited Liability Partnership,Limited Partnership.</em>

There are no liability protection in the general liability partnership because owners personal assets are also considered as business assets. Although they are easiest to create but they also have the highest risk for the partners.

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Which of the following would be a good indication that an applicant might be
Harrizon [31]

Answer: D. A very friendly and engaging personality during the interview that  just makes the interviewer like the applicant

Explanation:

To be a great sales associate one skill is paramount, interpersonal skills.

The person needs to be able to relate well with others and this is helped by them having a friendly and engaging personality that draws people to them and makes people like the sales person which will make them more trusting of the goods recommended by the sales person.

The person in option D has this and as such has a better chance of being a good sales associate at the retail store.

3 0
3 years ago
You're an entrepreneur and had a great idea to sell shoes that have springs installed in them to make walking easier. However, t
TiliK225 [7]

Answer:

B. There is an increase in income and "spring shoes" are a normal good.

Explanation:

To eliminate the disequilibrium in the market for shoes, spring shoes firstly needs to be seen as a normal product because if it is seen an inferior product then as people's Income rises they woudnt want to buy inferior products because they have the income to buy normal products. As people income rises, since spring shoes is seen as a normal product, then people will buy springshoes

6 0
3 years ago
Why is it important to conduct market research on your target audience before building your marketing plan?
Tcecarenko [31]
Conducting market research on your target audience before building a marketing plan allows you to understand your customers/clients and their needs. By completing a marketing plan that includes demographical research as well as spending and purchasing goals and plans, you can understand how to adjust each of the 4 Ps (Price, Place, Promotion, and Product) to create value for your customers and differentiate your product in the marketplace. 
3 0
3 years ago
Kelly selected a home and submitted an offer to the seller. Multiple Choice The seller must accept her offer. Her offer must hav
Lena [83]

Answer:

The seller may reject the offer and choose to provide a counteroffer.

Explanation:

In a free-market environment, a seller has the option to accept or decline an offer for what he is selling, in this case, a house. Furthermore, he can propose a counteroffer to see if the buyer is able and willing to pay more for that house. Taking this simple rules into account, the seller may reject Kelly’s offer if he wants and can choose to make a counteroffer.  

4 0
3 years ago
During its first year of operations, Mack's Plumbing Supply Co. had sales of $550,000, wrote off $8,800 of accounts as uncollect
vova2212 [387]

Answer:

$60,500

Explanation:

With regards to the above, the write off does not affect the realizable value of accounts receivables. Also, the total asset or net income is not affected by the write off or specific account. Instead, both assets and net income are affected in the period when bad debt expense is predicted and then recorded with an adjusting entry.

Accounts receivables

$550,000

Less:

Allowance for doubtful account

($550,00 × 2.5%)

($13,750)

Estimated realizable accounts receivables

$536,250

If the amount of bad debt decreases or increases as given below, then the income is also increased or decreased by the amount given.

Bad debts = $13,750

Uncollectible previously written off = $8,800

Difference

$4,950

Net income

$60,500

Less:

Difference

($4,950)

Reported income

$55,550

3 0
3 years ago
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