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
Katen [24]
3 years ago
13

Harold and Zack have pooled their money together to buy real estate but have filed no formal papers to form a business. Harold,

a lawyer, handles all the legal matters and Zack, a real estate broker, finds buyers for the property they have subdivided. Harold and Zack are engaged in a:
a. partnership.
b. close corporation.
c a limited liability company.
d. business trust.
Business
1 answer:
Alex777 [14]3 years ago
7 0

Answer: a. Partnership

Explanation:

Partnership could be defined as a process where two or more group of persons join their resources together to form a business or an investment, if it's a business, it is ran by both of them and the profit and loss realised is been shared amongst them. During partnership, the ratio of capital invested determines the ratio of profit that would be realised by the different persons. Harold and Zack combining resources to own a real estate investment is known as capital despite not signing legally for it yet.

You might be interested in
To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is record
Leto [7]

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.

<h3>What are receiving reports?</h3>

Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.

Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.

Learn more about receiving reports here:

brainly.com/question/14802834

#SPJ4

5 0
1 year ago
The following information is available for the current year ending December 31:
Oduvanchick [21]

Answer:

Over/under allocation= $30,000 overapplied

Explanation:

Giving the following information:

Manufacturing overhead applied $150,000

The actual amount of manufacturing overhead costs 120,000

To calculate the ending balance, we need to determine whether the overhead was under or over applied:

Over/under allocation= real MOH - allocated MOH

Over/under allocation= 120,000 - 150,000= 30,000 overapplied

7 0
2 years ago
Which of the following strategies is most likely to be pursued by a firm when there are strong pressures for cost reductions and
dimaraw [331]

Answer:  A)domestic strategy

Explanation: Domestic strategy is a type of marketing strategy that is particularly used for the domestic purpose that is when a company establishes branch for particular company for the marketing . They don't have a focus on global areas rather than considering only the geographical area in their part.

They establishes their marketing strategy according to the factors like cultures,need, traditions, demand, preferences etc.

8 0
3 years ago
The three key functions of sensation are, respectively, _____.
Elina [12.6K]
The answer to this question is <span>detection, stimulation, and transmission
In this context, detection refers to the capability to catch the stimuli around us. Stimulation refers to everything around us that could trigger a certain response in us, and transmission refers to transform the stimuli that received into emotional output or actions.</span>
6 0
3 years ago
How does competition in a free-market system effect the game of economics?
frez [133]
A free market is where the prices of good ands service are detirmined by the open market and consumers, in which the laws and forces of supply and demand are controlled by government or any other authority.
8 0
3 years ago
Other questions:
  • 5 An insured has four separate but identical policies written by different insurers to cover her $100,000 building. Each policy
    13·1 answer
  • The boss praised his hourly employees for their good work. The boss hopes that the praise encourages the employees to continue t
    12·1 answer
  • ____ is not just for technology companies. Haemonetics, a blood management solutions company, purchased Hemerus Medical which ga
    15·1 answer
  • Rodney Halpern works in the marketing department of a major manufacturing firm. Much of his job involves managing the movement o
    5·1 answer
  • Judy acquired passive Activity A in January 2013 and Activity B in July 2014. Until 2018, Activity A was profitable. Activity A
    9·1 answer
  • Which one of these is a specific risk?
    14·1 answer
  • A strategy is: Multiple Choice an action plan to maximize rewards in the current period in return for big risks. a procedure for
    6·1 answer
  • Identify which basic principle of accounting is best described in each item below.
    9·1 answer
  • How would the U.S. government most likely react to a boom in the economy?
    9·1 answer
  • A popular football player at a college who is able to influence the buying decisions of fans would best be described as a(n) ___
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!