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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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1. Why are individuals so important to the NASA project teams? 2. What is the Lessons Learned Program and how might it relate to
Nikolay [14]

Answer: The answers are provided below.

Explanation:

1. NASA is an acronym for the National Aeronautics and Space Administration, which is a federal agency in charge of aerospace research, aeronautics, and also the civilian space program.

People are key to everything done at NASA. People mean more than astronauts, but everyone that go into completing a project. People are so vutal because they are the ones that make up the teams which ultimately help NASA reach its goals.

2. The Lessons Learned Program is a database that is established so that NASA workers can input their experience, findings, errors, successes, trials, recommendations and case analyses.

The NASA Lessons Learned Program is a database that contains official reviews, and the learned lessons from NASA projects, programs, and astronauts. Project management is risk management and this enables the project management team to better assess and reduce risk by not making same mistake twice

3. The team bears the responsibility for the achievement of success but it must be done by individual cooperation. Cooperation as a team is vital at NASA. Therefore, it is important for the individuals to hold themselves accountable so as to ensure that risk is avoided as much as possible.

4. NASA believes characteristics of a good project manager should include passionate about the task at hand, being optimistic, possessing the ability to surround yourself with people who are competent, communicating effectively with others, knowing your job, ensuring your team knows their job, working well with others, and integrity.

5. Leadership integrity has all to do with project success. Integrity is what one does when no one is watching. As a leader, one must always maintain integrity in order to ensure ones actions are always in the team's best interest.

6 0
3 years ago
Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,
Yuki888 [10]

Answer:

d.  Salaries and Wages Expense 550, Advertising Expense 950, Cash 1,500

Explanation:

Whenever a new entry is posted firstly the accounts which are debited are entered.

Secondly the accounts which are credited are posted.

And, the total of debit and total of credit shall always be same, so that the entry is recorded properly.

As an expense, it reduces income and is always debited.

And as for settling the expenses cash is paid, cash being an asset when reduced will be credited.

Total expenses debited = Salaries and Wages + Advertising Expense = 550 + 950 = 1,500

Therefore, as against it cash paid = $1,500 shall be credited.

Cash = $1,500

Thus, correct option is d.

5 0
3 years ago
In September, Jeanette Company purchased materials costing $34,400 and incurred direct labor cost of $22,100. Manufacturing over
DedPeter [7]

Answer:

a. $34,900

Explanation:

The computation of the cost of direct material used is shown below:

= Opening balance of raw material + purchased materials - ending balance of raw material

= $10,300 + $34,400 - $9,800

= $34,900

Hence, the correct option is a.

7 0
3 years ago
Legal Forces Legal forces are important external forces that international managers need to understand. They are developed at th
torisob [31]

Answer:

1. per se application

U.S. Competition Law

This law checks whether certain parts of a contract or agreement have violated US antitrust laws.

2. Misuse of activity

EU Competition Law

This is part of the European Union's competition law that prohibits the use of activity to try to gain unfair advantges.

3. Extraterritoriality

US and EU

This is a provision in both US and EU anti-competition and anti-trust laws that states that the activities of foreign companies fall under the law if these activities influence the people within the jurisdiction of the US or the EU.

4. Trade obstacle, nontariff

France

These are a part of the French system.

5. Strict liability

U.S. Tort Law

A concept in US Tort law that states that a person is liable for an offence they committed and their state of mind or intent when they committed said offence is irrelevant.

6. Punitive damages

U.S. Product Liability Law

A concept in the US that allows for the extra punishment of the party in the wrong to dissuade others from doing so and to reward the party in the right more justly.

4 0
2 years ago
05) Assume that prices and wages adjust rapidly so that the markets for labor, goods, and assets are always in equilibrium. What
Kay [80]

Answer:

Explanation:

a. A temporary increase in government purchases would result in a  reduction in savings, which would, in turn, lead to the implementation of higher taxes by the government so as to match prices and wages.

This would: make output to remain unchanged, real interest to increase and current price level to increase as well.

b. A reduction in expected inflation would lead to an increment in the demand for real money, as people do not expect inflation to increase for a while. Thus, more demand creates a reduction in the price level. Everything else remains unchanged. This would: make output remain unchanged, real interest remain unchanged and the current price level to decrease.

C. A temporary increase in labor supply would make more people have jobs and therefore more people can save. If more people save the interest rates are liable to decrease therefore money demand will increase. This would: make output to increase, real interest to decline and current price level to decrease.

d. An increase in the interest rate paid on money will lead to a higher demand for money. With an unchanged nominal money supply and higher money demand, the price would decline but everything remains unchanged. This would make: output remain unchanged, real interest remains unchanged and the current price level decrease.

4 0
3 years ago
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