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2 years ago

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.

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Someone please help me..

siniylev [52]

already answered this question for you in a previous post.

8 0

3 years ago

The market used to calculate the CPI is 3 units of pork and 4 unit of corn. In 2005, pork cost $20 per pound and corn cost $12 p

Ede4ka [16]

Answer:

The answer will be 136.11 

Explanation:

Because since the cost of the basket in 2005 is = (3x20) + (4 x 12) = 108; And the cost of basket in 2006 is = (3x25) + (4 x 18) = 147

To calculate the CPI,

Put a sampling of product prices from a previous year. 
Then, put the current prices of the same items together. 
Divide the current total prices by the old prices and then subtract the sum by 100.

The Consumer Price Index (CPI) for 2006 = (147/108) x 100 = 136.11

7 0

3 years ago

In periods of rising prices when lifo is used, companies avoid reporting a ________ because a portion of the gross profit must b

Marysya12 [62]

By the use of Lifo in a period where the prices rise, companies avoid to report paper profit, also called phantom profit, as economic gain. Have in mind that in periods of changing prices, the cost flow assumption can have a significant impact onincome and on evaluations based on income. That is why when Lifo is used the companies tend to report the lowest net income

8 0

3 years ago

Last year Ann Arbor Corp had $195,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income,

telo118 [61]

Answer:

10.67%

Explanation:

For computing the change in ROE first we have to find out the debt and equity values which are shown below:

The debt value = Total invested capital × debt rate

= $195,000 × 37.5%

= $73,125

And, the equity value = Total assets - debt value

= $195,000 - $73,125

= $121,875

Now we apply the Return on Equity formula which is presented below:

= (Net income ÷ Total equity) × 100

The net income is $20,000 and the equity value would remain the same

So, the ratio would be = ($20,000 ÷ $121,875) × 100 = 16.41%

And if the net income raise to $33,000

Then the new ROE would be = ($33,000 ÷ $121,875) × 100 = 27.07%

So, the change in ROE

= New ROE - Old ROE

= 27.07% - $16.41%

= 10.67%

4 0

3 years ago

Coatney Incorporated has provided the following data for the month of October. There were no beginning inventories; consequently

PilotLPTM [1.2K]

Answer:

$33,410

Explanation:

The computation of Ending finished goods inventory after allocation of underapplied or overapplied manufacturing overhead is shown below:-

Ending finished goods inventory after allocation of overapplied manufacturing overhead

= (Total of finished goods - (Manufacturing overhead applied of finished goods ÷ Total of Manufacturing overhead applied) × Overapplied amount

= ($34,530 - ($6,240 ÷ $39,000) × $7,000)

= $34,530 - $1,120

= $33,410

4 0

3 years ago