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
noname [10]
2 years ago
11

If the absence of an agreement to the contrary in partnership, what are the all partners entitled?

Business
1 answer:
Ne4ueva [31]2 years ago
6 0

Answer:

d) All of above​

Explanation:

A partnership agreement provides guidelines on how two or more partners will manage their partnership business. It is the contract that dictates each partner's roles,  profit and loss sharing formula, and personal liability of each in case of insolvency.

In the absence of a partnership agreement, the law prescribes that partners share profits and losses equally. All partners assume equal rights to responsibilities and liabilities.

You might be interested in
Cushenberry Corporation had the following transactions.1. Sold land (cost $11,360) for $14,200.2. Issued common stock at par for
miss Akunina [59]

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $14,200

          To Gain on land A/c $2,840

          To Land $11,360

(Being the land is sold)

2. Cash A/c Dr $18,900

            To Common stock A/c $18,900

(Being the common stock is issued for cash)

3. Depreciation Expense A/c Dr $15,730

             To Accumulated Depreciation - Buildings A/c $15,730

(Being depreciation expense is recorded)

4. Salaries expense A/c Dr $8,080

                 To Cash A/c $8,080

(Being the salaries expense is paid for cash)

5. Equipment A/c Dr $8,420

              To Common stock A/c $1,170

              To Additional paid-in capital in excess of par value A/c $7,250

(Being the equipment is purchased)

6. Cash A/c Dr $1,236

Accumulated depreciation - Equipment A/c Dr $7,210

Loss on sale of equipment A/c Dr $1,854

                   To Equipment A/c $10,300

(Being the equipment is sold)

7 0
3 years ago
An airport needs a modern material handling system for facilitating access to and from a busy maintenance hangar. A​ second-hand
Arlecino [84]

Answer:

The second hand machine should be chosen given that the NPV value is lower than that of the new system

Explanation:

cost of second hand system = $75,000

cost of  new system = $150,000

New system can decrease labor hours by 20%

number of useful life ( for both systems ) = 5 years

market value of second hand system after 5 years = $20,000

market value of new system after 5 years = $50,000

Second hand system can operate for 8 hours/day for 20 days = 8*20 = 160 hours per month = 1920 hours per year

labor cost = $40 per hour

MARR = 1% per month

<u> Determine the system that should be recommended</u>

we have to calculate the NPV for both options

for Option 1 ( second hand system )

labor cost = 40 * 1920 = $76800

cost of purchase = $75,000

MARR = 12% p.a.

residual value = $20000

First step : calculate the PV of maintenance cost = $76800× PVAF(12%, 5 years) = $276864

Next : calculate the PV of residual value =$20000× PVF(12%, 5th year)

= $11340

NPV = (75000 + 276864 - 11340 ) = $340,524

for Option 2 ( New Machine )

Labor cost = ( 1920 × 0.8 )hours ×40  = $61440

cost of machine = $150000

Pv of labor cost = 61440×3.605  = $221491.20

Residual value = $50,000

Hence ; PV of residual value = 50000 × 0.567 = $28350

Finally calculate the NPV = (150000+221491.20-28350) = $343,141.20

7 0
3 years ago
Which of the following most accurately describes one of the powers of stockholders? A. Stockholders manage the daily business of
Tems11 [23]

Answer:

C. Stockholders are given discounts on the company's products.

Explanation:

The powers of stockholders are to be given discounts on the company's products.

7 0
3 years ago
Read 2 more answers
Low-income countries have cultures that value ________
victus00 [196]
Low-income countries have cultures that value economic survival. These type of countries do not have a lot of high paying jobs and the job market is very unstable, so citizens find it imperative to have enough income to survive. These types of countries do not have much in the way of entertainment culture or pop culture, due to people having so little extra money to spend on both.
8 0
3 years ago
Supply chain management involves managing: A. managing the stock room supply only. B. the flow of raw materials to inventory onl
aliya0001 [1]

Answer:

Option D is correct because supply chain management is the management of the processes and resources required that flow from the suppliers to the end to the final customer. This also includes the management of stock rooms, raw materials, inventory and internal information as well.

5 0
2 years ago
Read 2 more answers
Other questions:
  • A performance rating error in which the rater tends to give employees either extremely high or extremely low ratings is referred
    8·1 answer
  • Age Group Amount Estimated Percent Uncollectible Estimated Allowance 0–30 days $ 420,000 2 % $ 8,400 31–60 days 140,000 5 % 7,00
    7·1 answer
  • Jean Jaques Rousseau
    9·1 answer
  • Kiosks and carts are ideal locations for
    13·2 answers
  • An electronics firm is currently manufacturing an item that has a variable cost of $ 0.50 per unit and a selling price of $ 1.00
    15·1 answer
  • To succeed in today's competitive marketplace, companies need to be customer centered. Each company must divide up the total mar
    12·1 answer
  • This past year inflation in Snowdonia has increased to 150%. As an economic analyst, you are charged with identifying those sect
    10·1 answer
  • Provide an example of two companies that have built in effective co-opetition. Briefly explain the benefit of the relationship d
    11·1 answer
  • What is liberalisation? ​
    10·1 answer
  • A person that studies how economic theories such as capitalism, socialism, and
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!