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dybincka [34]
3 years ago
13

After spending a summer "down under," two Oregon friends, Rick and Mick, created a general partnership to import emu from Austra

lia to the U.S. After a year, Rick found himself at the mercy of Mick, who seemed to keep the books and seldom share the financial results, even though Rick was out selling the emu idea to farmers and ecologically conscious consumers and shipments were increasing. As their consultant, one of the first things that you inquire about is whether they are familiar with the UPA (Uniform Partnership Act), specifically the right to participate in managing the operations of the business.
A. True
B. False
Business
1 answer:
I am Lyosha [343]3 years ago
8 0

Answer:

A. True

Explanation:

The Uniform Partnership Act, is an act that exists for the regulation of commercial partnerships of the states of the USA (with the exception of Louisiana).

Therefore, the question is true, as the law stipulates that in a common property, profits and losses must be shared equally and each party must have the right to obtain regular knowledge and receipt of the financial statements that relate to the business.

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If the U.S. dollar is strong, foreign imports are
DaniilM [7]
D. Less expensive…………….
5 0
3 years ago
The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for
eimsori [14]

Answer:

c. The statement is false because the demand for incandescent light bulbs would increase as the price of compact fluor. light bulbs fell.

Explanation:

If improvements in production technology reduce the price of incadescent light bulbs, the normal thing that would happen is that demand for this good would increase, because now people will be able to buy the good at a lower price.

4 0
3 years ago
Purchasing-power parity holds between the nations of Ectenia and Wiknam, where the only commodity is Spam. a. In 2015, a can of
Y_Kistochka [10]

Answer:

the exchange rate between two different currency is  6 pesos per dollar

Explanation:

The computation of the exchange rate between two different currency is

= Unit cost of spam in Wiknam ÷ unit cost of  spam in Ectenia

= 24 pesos ÷ 4 dollars

= 6 pesos per dollar

hence, the exchange rate between two different currency is  6 pesos per dollar

We simply applied the above formula so that the currency rate could come

And, the same is to be applied

5 0
3 years ago
Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ra
GrogVix [38]

Answer:

2.75 million

Explanation:

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

Increase in value of money supply as a result of the purchase is determined by the money multiplier

Money multiplier = 1 / reserve requirement

1/0.05 = 20

increase in money supply = amount of open market purchase / reserve requirement

55  / 20 = 2.75 million

3 0
2 years ago
Sutton Enterprises makes gadgets using a two-step process that involves machining and assembly, respectively. During the period,
MaRussiya [10]

Answer:

Total equivalent units= 11,890

Explanation:

Giving the following information:

Assembly Department completes 10,200 gadgets and transfers them to Finished Goods Inventory.

The Assembly Department has 2,600 gadgets in the process that are 65% complete for conversion.

<u>To calculate the equivalent units, we need to multiply the % complete for the number of units started:</u>

Units completed= 10,200

Units in ending inventory= 2,600*0.65= 1,690

Total equivalent units= 11,890

5 0
3 years ago
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