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Lina20 [59]
4 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]4 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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People migrating from other countries couples having more than two babies 
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3 years ago
In determining whether to issue a loan, banks are not allowed to ask about an applicant's
Firlakuza [10]

Answer:

country of origin.

Explanation:

Banks have a set of requirements that borrowers need to meet to qualify for a bank loan. The banks will ask questions to determine if the customer is eligible for a loan. Most of the questions pertain to the purpose of the loans and the customer's ability to repay.

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3 0
3 years ago
Read 2 more answers
Hayes Inc. provided the following information for the year 2015:
zysi [14]

Answer: The unit Product cost is $32.09

Explanation:

$

Add : Direct Material. 35

Add: Direct Labour 16

-------------

Prime Cost. 51

Add: variable manufacturing overhead. 15

Add: Fixed manufacturing overhead. 24,000

-----------------

Production cost. 24,066

-------------------

To determine the unit Product cost for the year we will divide the production cost by the unit produced

Production cost ÷ unit produced

Since the the production cost is $24,066 and unit produced is 750unit

24,066÷ 750

= 32.088

= 32.09

Therefore the unit Product cost is $32.09

7 0
3 years ago
Feldspar, Inc. started the year with 200 units in the Finished Goods Inventory account. It produced 600 units during the year an
Ivanshal [37]

Answer:

A. its operating income for the period will be higher than under absorption costing

Explanation:

As we know that

Under absorption costing, the fixed cost is divided on the number of units produced

And under the variable costing, the fixed cost is considered as a cost selling of goods so the absorption costing method will be lower than the value of finished goods.

As per the question, the started finished goods will help and sell the whole production and starting balance that means under absorption costing of goods which is to be sold is much than variable costing.

3 0
3 years ago
When considering marketing's place in the economy, what is the most important role the marketing function plays?
poizon [28]

Answer:

B. Creating value for customers.

Explanation:

Marketing is all about building values for customers. Its about creating customer relationships which are profit generating.  Any company or brand has a value proposition. It is the set of benefits the company promises to deliver to the consumer to satisfy his/her needs.  Thus marketing is the bridge which connects the brand with the customers perceived value of the brand.  It makes sure the customer pledges loyalty to the brand, by delivering on its promises on the value proposition.  Thus, the most important role that marketing plays in the economy is Creating Value for Customers.

5 0
3 years ago
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