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Alik [6]
3 years ago
6

James was a partner in a large firm. He died unexpectedly. His son, Frank, wanted to take over for his father in the partnership

and was well qualified to do the work his father had done. Which statement best describes Frank's rights in the partnership if he inherits the interest?
a. Frank has no rights to his father's partnership interest.
b. Frank is entitled to the value in the partnership, but not to become a full partner.
c. Frank may become a partner only if his father’s will specified such action.
d. Frank has a right to take over for his father in the partnership.
Business
1 answer:
Mashutka [201]3 years ago
5 0

Answer:

B - Frank is entitled to the value in the partnership, but not to become a full partner.

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Explain how international trade allows a country to move beyond its production possibilities frontier.
Digiron [165]

Answer:

Increased international trade, especially exports, increases production efficiency which allows a country to move beyond its production possibilities frontier.

Explanation:

In business terms, a production possibilities frontier is a curve that shows how much two products in an economy are able to produce when the two products are competing over the same limited resources. The curve can also be used to determine the quantity of a product that can be produced in an economy when the economy is working at its maximum efficiency. There are many factors that affect the production possibilities frontier, namely;

International trade:

Trade is the exchange of goods and services for commercial interests. International trade involves trade between countries. Most countries trade in the form of exports and imports. Exports are goods and services taken to foreign countries while imports are goods and services received from other countries. When there are greater exports than imports, it means that more of your goods and services are on demand by other countries thus makes your currency stronger. An increased demand for domestic goods and services increases production efficiency which allows a country to move beyond its production possibilities frontier.

6 0
3 years ago
Paula earns $40,000 per year and rides her bicycle to work. There is a 1% chance that she will break her leg in the next year an
Hoochie [10]

Answer:

$40

Explanation:

The computation of the premium pay for the next year is shown below:

= Estimated medical bills × given percentage for next year

= $4,000 × 1 %

= $40

By multiplying the estimated value of medical bills with the next year given percentage, the premium for the next year can come

All other information that is given in the question is not relevant. Hence, ignored it

8 0
3 years ago
Michael's, Inc., just paid $2.60 to its shareholders as the annual dividend. Simultaneously, the company announced that future d
mixas84 [53]

Answer:

$65.37

Explanation:

Calculation for how much are you willing to pay today to purchase one share of the company's stock

Using this formula

P/0 = D0 ( 1 + g ) / R-g

Let plug in the formula

P/0 = $2.60 (1 + .056) / .098 - .056

P/0 = $2.60 (1 .056)/0.042

P/0=$2.7456/0.042

P/0=$65.37

Therefore how much are you willing to pay today to purchase one share of the company's stock will be $65.37

6 0
3 years ago
Because General Electric is a ____ corporation, Todd Barrow can purchase stock with the help of an account executive through the
dexar [7]
The correct answer is  : Public

purchasing stock through Secondary market means that an investor could purchase the stock from other investors, ( usually through stock exchange)
currently, only Public corporations could sell their stocks in the stock exhange
5 0
3 years ago
Jeremiah Corporation purchased debt securities during 2021 and classified them as securities available-for-sale: Security Cost F
grin007 [14]

Answer: $0

Explanation:

Available-for-sale securities simply refers to the debt securities that are bought but with the intention that they'll be sold before they mature. They're typically reported at their fair value.

The gain that will be reported by Jeremiah Corporation in the December 31, 2021, income statement relative to the portfolio is $0. This is because for available-for-sale securities, there'll be no reports on holding gains or losses incurred.

4 0
3 years ago
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