1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.
You might be interested in
What do economists call the shift of the entire curve?
Sophie [7]
Economists call this a change in demand as the curve is directly linked to the demand of the product. When the demand goes up or down the curve moves left or right accordingly.
5 0
3 years ago
Suppose the economy is in a recession. The economy needs to expand by at least $350 billion, and the marginal propensity to cons
MissTica

Answer:

$140

Explanation:

Calculation for What is the least amount the government can spend to overcome the $350 billion gap

First step is to find the Multiplier using this formula

Multiplier=1(1-Marginal propensity)

Let plug in the formula

Multiplier=1/(1-0.6)

Multiplier=1/0.4

Multiplier=2.5

Now let calculate the least amount the government can spend using this formula

Least amount=Gap/Multiplier

Let plug in the formula

Least amount=$350 billion /2.5

Least amount=$140

Therefore the least amount the government can spend to overcome the $350 billion gap is $140

4 0
3 years ago
On September 1, 2020, Vaughn Manufacturing issued a note payable to National Bank in the amount of $1440000, bearing interest at
Vilka [71]

Answer:

$28,800

Explanation:

I will just assume that there are three equal annual principal payments of $480,000. If we use $550,000, the total principal would = $1,650,000.

accrued interests from September to December = principal x (9%/12) x 4 months

principal = $480,000 x 2 = $960,000

accrued interest payable  = $960,000 x 0.75% x 4 = $28,800

3 0
3 years ago
Which of the following statements abouot the declaration and payment of cash dividends is correct?
padilas [110]

Answer: C. Declaration and payment of cash dividends will reduce the amount of cash available to invest in assets.

Explanation:

When a company pays out Dividends it gives out money to it's shareholders and this has the effect of decreasing the cash balance that the company has.

This is cash that could have gone into investing and expanding the business but instead has gone to shareholders. Dividends therefore reduce the money available for investments.

It is for this reason that Growth Companies do not pay much dividends as they keep reinvesting profits to increase capacity and this usually adds value to the company and increases their stock price within a shorter period of time.

6 0
3 years ago
_____ are people willing to take the risk of starting, owning and operating a business. answer
Debora [2.8K]
<span>_____ are people willing to take the risk of starting, owning and operating a business. answer
a. entrepreneurs </span>
7 0
3 years ago
Other questions:
  • Which of the following are possible outcomes of rapid population growth?
    10·2 answers
  • Imagine visiting a foreign nation and having to resolve a minor issue with your passport and travel plans. If someone told you t
    6·2 answers
  • A company’s dividend policy refers to the manner in which a firm distributes its earnings to shareholders. Georia Industries Inc
    9·1 answer
  • On june 8, smith technologies issued a $75,000, 6%, 140-day note payable to johnson company. what is the due date of the note?
    8·2 answers
  • Any factor that can change
    11·1 answer
  • You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $4,500 with low monthly pay
    14·1 answer
  • On December 31, 2018, Ava Company had an ending balance of $8,063 in its accounts receivable account and an unadjusted (current)
    10·2 answers
  • Alt Corporation enters into an agreement with Yates Rentals Co. on January 1, 2021 for the purpose of leasing a machine to be us
    13·1 answer
  • Golden Arch Company uses the periodic inventory system. It has compiled the following information in order to prepare the financ
    9·1 answer
  • Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does no
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!