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3 years ago

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

Business

1 answer:

Ne4ueva [31]3 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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The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA

Molodets [167]

Option D is correct. A CMA is not an appraisal and should not be advertised as one.

<h3>What is a comparative market analysis?</h3>

This is the term that is used to refer to the market analysis that may

be done by the real estate agents.

The goal is to analyze and find out the existing prices in the market by the available listings and previous listings of properties. The reason why the real estate agencies carry out the CMA is to determine the right prices for home sellers to sell their homes.

On the other hand, the purpose is to enable the buyers of these homes to buy the properties at the best possible prices.

Complete question

The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA?

A) The CMA is the same as an appraisal

B) A CMA is an estimate of value and an appraisal is exact value

C) A CMA and an appraisal must both conform to USPAP standards

D) A CMA is not an appraisal - and should not be advertised as one

Read more on market analysis here;brainly.com/question/17246850

#SPJ1

3 0

2 years ago

The journal entry to record the purchase of materials on account is a(n)

Pani-rosa [81]

Raw Materials Inventory $XX Accounts payable

8 0

3 years ago

A local ice-cream parlor has 100 customers in the "rush" hour between 5PM and 6PM (assume that the customers arrive according to

WITCHER [35]

Answer: 36 seconds.

Explanation:

Based on the information given in the question, the Taktzeit for the ice-cream scoopers will be calculated thus:

First and foremost, Taktzeit refers to the time taken between the beginning of production for one unit and the beginning of the next unit.

From the information given, the available Time is 1 hour which can be converted to secunds and this will be:

1 hour = 3600 seconds

Hourly Demand = 100

Then, the takzeit will be:

= 3600/100

= 36 seconds

5 0

3 years ago

A friend asks to borrow $55 from you and in return will pay you $58 in one year. If your bank is offering a 6.0% interest rate o

Vlada [557]

Answer:

Value of deposit = $58.3

We can borrow approx $54.72 today if we are to pay bank $58 in one year from now.

The return provided by bank for a deposit of $55 is an interest of $3.3 (58.3 - 55) while the return provided by lending to a friend is $3 (58 - 55). So, the money should be deposited in the bank.

Explanation:

The interest offered by the bank is at 6% which we assume is the simple interest rate. To calculate the value one year from now of $55 deposited in the bank at 6%, we can use the following formula,

Value of deposit = Principal + Interest

Where,

Interest can be calculated as = Principal * interest rate

So,

Value of deposit = 55 + 55 * 0.06

Value of deposit = $58.3

We would have $58.3 one year from now if deposited in the bank.

To calculate the money that can be borrowed today for a one year later payment of $58 can be calculated using the present value formula,

Present Value = Future Value / (1+i)^t

Present value = 58 / (1+0.06)^1

Present value = 54.71698113 rounded off to $54.72

So, we can borrow approx $54.72 today if we are to pay bank $58 in one year from now.

The return provided by bank for a deposit of $55 is an interest of $3.3 (58.3 - 55) while the return provided by lending to a friend is $3 (58 - 55). So, the money should be deposited in the bank.

7 0

3 years ago

Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its fact

allochka39001 [22]

Answer:

The list of items are as follows:

1. Salaries for assembly line inspectors - direct labor or manufacturing overhead

2. Insurance on factory machines - manufacturing overhead

3. Property taxes on the factory building - manufacturing overhead

4. Factory repairs - manufacturing overhead

5. Upholstery used in manufacturing furniture - direct materials

6. Wages paid to assembly line workers - direct labor

7. Factory machinery depreciation - manufacturing overhead

8. Glue, nails, paint, and other small parts used in production - manufacturing overhead

9. Factory supervisors’ salaries - manufacturing overhead

10. Wood used in manufacturing furniture - Direct materials

8 0

3 years ago