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Maslowich
3 years ago
7

Which of the following could result in the termination and liquidation of a partnership?1) Partners are incompatible and choose

to cease operations.2) There are excessive losses that are expected to continue.3) Retirement of a partner.A. 1 onlyB. 1 and 2 onlyC. 2 and 3 onlyD. 3 onlyE. 1, 2, and 3
Business
1 answer:
Natalka [10]3 years ago
8 0

Answer:

E) 1, 2, and 3

Explanation:

A partnership is a very flexible business which is very easy to set up but has some disadvantages also and they include:

  1. partners have unlimited liability.- if losses are expected to continue, then the partners will probably decide to liquidate the partnership.
  2. risks of disagreements between the partners.- if the partners are incompatible and cannot agree upon the decisions that need to be made, the partnership will probably be liquidated
  3. if the partners decide to leave because they retire then the partnership will probably have to be liquidated unless a new partner replaces the one that leaves or the other partners buy his/her share of the partnership.
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Calculate the Marginal Utilities and Marginal Rate of Substitution for each of the Utility functions below. (Remember, marginal
baherus [9]

Answer:

The Marginal Rate of Substitution looks at the balance in changes of good 1 and good 2 required for the consumer to be indifferent between his/her consumption bundles before and after trade. But what does indifference mean? It means that utility for both bundles is exactly equal. Therefore, ΔU=0

There is some (negative) change in utility resulting from giving up a little bit of good 2, and as we saw in the previous section, this change equals MU₂Δx₂, Similarly, there is some (positive) change in utility from getting a little more of good 1, MU₁Δx₁ which equals Since we want to be indifferent before and after the trade, it must be that the sum of these changes equals zero. That is, U=MU₁Δx₁ + MU₂Δx₂ = 0, now the MRS can be find from this equation of marginal utilities!

First, MU₁Δx₁ from both sides. Then, MU₂Δx₂= -MU₁Δx₁  Next, divide both sides by x₁ and MU₂. The result is Δх₁/Δх = - MU₁/ MU₂  The left hand side is just the MRS, and the right hand side is the negative ratio of marginal utilities. In the MRS section, we learned why the left hand side would automatically be negative.

Explanation:

The right hand side needs the negative sign because marginal utility is positive for goods, so the ratio of marginal utilities is always positive.

8 0
3 years ago
you are invited to play the following game: an urn holds two white and three black balls, and you draw three balls randomly. If
NemiM [27]

Answer:

That is why i did not play this game.

Explanation:

Lets i have initially $100 .

There are  2 white and 3 black balls.

I have to draw 3 balls

If i draw no white balls, i lose $10; if i draw one white ball, i lose nothing; and if i draw both white balls, you gain $10.

So the final fortune =x

x = 100 x 1/2 x 1/2 x 3/2 x 3/2

x= $56.25

That is why i did not play this game.

5 0
3 years ago
Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2018, for $283,294,7
Olegator [25]

Answer:

<u>Balance sheet:</u>

Net liability = $285,349,947

<u>Income statement:</u>

Interest expense = $34,055,227

Statement of cash flows:

Operating: $32,000,000

Investing: Nil

Financing: $283,294,720

Explanation:

The workings are attached:

<u>Balance sheet</u>

Net liability = carrying value at the end of the year = $285,349,947

This will appear in the balance sheet as net liability.

<u>Income statement:</u>

Interest expense will be appearing in the income statement.

Interest expense = $32,000,000

<u>Statement of cash flows:</u>

<u>Operating cash flow:</u>

Cash flow from operating activities (CFO) indicates the amount of money a company brings in from its ongoing, regular business activities, such as manufacturing and selling goods or providing a service to customers. It is the first section depicted on a company's cash flow statement.

Operating: It is the interest expense = $32,000,000

Investing cash flow:

Cash flow from investing activities is one of the sections on the cash flow statement that reports how much cash has been generated or spent from various investment-related activities in a specific period. Investing activities include purchases of physical assets, investments in securities, or the sale of securities or assets.

Investing: This will be nil, as this is not an investment

Financing cash flow

Cash flow from financing activities (CFF) is a section of a company's cash flow statement, which shows the net flows of cash that are used to fund the company. Financing activities include transactions involving debt, equity, and dividends

Financing: This will be the $283,294,720

4 0
3 years ago
Erin has been asked to maintain a​ "live" website.​ therefore, she needs to​ __________.
Alekssandra [29.7K]

what are the options


7 0
3 years ago
Albright Company purchased as a long-term investment $500,000 of Benton Corporation 10-year, 9% bonds. Required: Present entries
katen-ka-za [31]

Answer:

March 1, purchased securities from Benton Corporation:

Dr Investment in securities 500,000

    Cr Cash 500,000

May 1, sold half of securities plus accrued interest:

Dr Cash 248,550

Dr Loss on investment in securities 5,000

Dr Brokerage fees 200

    Cr Investment in securities 250,000

    Cr Interest revenue 3,750

Securities were sold at 98 or $250,000 x 98% = $245,000, which means that the company lost $5,000 with that investment.

5 0
3 years ago
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