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Lina20 [59]
3 years ago
6

____ is a limited partnership agreement that may specify how profits and losses are to be allocated among the partners. If no ag

reement exists, RULPA provided that profits and losses from a limited partnership are shared on the basis of the value of each partner's capital contribution.
Business
1 answer:
Leokris [45]3 years ago
7 0

Answer:

The correct answer is: Share of Profits and Losses.

Explanation:

In a limited partnership, there are two types of partners, general and limited.  

General partners invest capital and manage the business, and personally liable for debts. Limited partners only invest capital and do not manage a business, and are not personally liable for debts.  

Share of Profits and Losses is an agreement that specifies how profits and losses are to be allocated among the partners.  

In case there is no such agreement, RULPA which is a revision of ULPA provides that profits and losses are to be shared on the basis of capital contribution of each partner.

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For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $25,700 Food a
Aleks [24]

Answer:

a. $9,338

b. 0.363

Explanation:

a. Contribution Margin  = Sales - Variable Cost

Where Sales = $25,700

Variable Cost = Food & Packaging + Payroll + 40% x General, Selling and Administrative expenses

V.C. = 8,982 + 6,500 + 40% * 3,700

V.C = 8,982 + 6,500 + 1,480

= $16,362

Therefore, Contribution Margin  = Sales - Variable Cost  

= $25,700 - $16,362

=$9,338

b. McDonald's contribution margin ratio  = Contribution Margin / Sales

= $9,338 / $25,700

= 0.363

6 0
3 years ago
Shale Oil Corporation combines its assets and debts with those of Tierra Frakking Company to form Unified Resources, Inc. Shale
andriy [413]

Answer:

1. c. a consolidation

2. a. all of Shale's and Tierra's assets

3. c. all of Shale's and Tierra's debts

Explanation:

1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.

2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.

3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.

7 0
3 years ago
David saves money from his teaching job to buy a new boat when he retires in 20 years. The boat will cost $30,000. He has $12,00
LuckyWell [14K]

Answer:

True

Explanation:

The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.

For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.

7 0
3 years ago
Is the QA in lalalalalalal
marishachu [46]
Yes it is lalalalalala
7 0
3 years ago
Read 2 more answers
Price Adjustments This activity is important because as marketing managers set final prices, they start with the list (quoted) p
EleoNora [17]

Answer:

1. Discount

2. Geographical adjustments

3. Allowance

4. Discount

5. Allowance

6. Discount

Explanation:

1. Discount for early purchase and delivery order of chlorine and shock products

2. Geographical adjustment of price, due to shipping and handling costs

3. Allowance given to Raquel for the old ring; to help/encourage her purchase a new one (from the store)

4. Discount on the price or cost of purchase, for customers (like Joshua) who would buy more socks at a go

5. Allowance Capri Sun gives to Safeways Store, for every 15 cases of Capri Sun ordered and displayed in front of the store

6. Discount incentive/bonus Amazon is offering its Prime members. Take note of the nomenclature "Prime members". These are customers who make frequent orders or order a lot of products. Amazon is herefore offering a discount.

NOTE:

- A discount is offered to reduce the cost of purchase - which could be direct or indirect - while an allowance is given to encourage a business deal; as in numbers 3 and 5.

7 0
3 years ago
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