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Answer:
is personally responsible for all partnership debts
Explanation:
COMPLETE QUESTION
A general partner:
is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.
EXPLANATION
A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.
Answer:
B. Is the process of allocating the cost of a plant asset to expense.
Explanation:
Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.
Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life
Answer:
The average inter arrival time is less than the average process time.
Explanation:
Queue model is used to describe the waiting lines through a mathematical equation. It clearly assumes that the inter arrival time that is the time in between any two waiting is less than the average processing time.
And accordingly all the things gets to add more processes, and there is a stage in which all the things are into processes.
And since the interval time is low thus, the key assumption stated in statement 2 is correct.
Answer:
Cost of preferred stock
= <u>Perpetual dividend</u>
Current market price
= <u>$14.00</u>
$134.26
= 0.1043 = 10.43%
Explanation:
Cost of preferred stock is calculated as perpetual dividend divided by current market price. Cost of preferred stock is the minimum rate of return expected by preferred stock holder.
