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3 years ago

According to the Uniform Partnership Act, the three key elements of any general partnership are

Business

1 answer:

Anon25 [30]3 years ago

4 0

Answer:

(2) Common ownership, shared profits and losses, and right to participate in managing the operations.

Explanation:

Partnership refers to a mutual agreement between 2 or more individuals agreeing to carry out a business and to share it's profits and losses in an agreed ratio or as per the clauses in partnership deed.

Uniform partnership act regulates partnership agreements in majority of United States. The act also allows remaining partners after dissolution to continue the partnership if majority of them desire to do so.

Under the act, Partnership is characterized by common ownership of assets and liabilities by all partners, sharing of partnership profits and losses and equal rights to participate in managing the operations of the partnership.

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Sam's Pizzeria International Inc. operates and franchises pizza delivery and carryout restaurants worldwide. The following is an

Alisiya [41]

Answer:

The Adjusted trial balance is

Explanation: Amount in $

Dr. Cr.

Accounts Payable 38,882

Intangible Assets 82,031

Accounts Receivable 56,057

Interest Expense 4,089

Accrued Expense Payable 58,333

Interest Revenue 732

Accumulated Deprecation 337,564

Inventories 27,410

Capital 48,012

Land 32,890

Advertising Expense 63,473

Long Term Debt 230,561

Buildings & Leasehold 203,651

Long Term Note Receivable 12,821

Cash 20,142

Other Assets 42,540

Common Stock 483

Other Long Term Liabilities 64,213

Capital & Retained Earning 418,279

Prepaid and Other Current assets 36,838

Depreciation Expense 39,995

Rent and Utilities Expense 215,720

Equipment 320,520

Total 1,158,177 1,158,177

Note: In absence of sales revenue, other expenses and paid up capital data which is missing in question, the capital and retained earnings are taken as balancing figure

4 0

3 years ago

Using an example, explain the relationship between human resources and business objectives....

marysya [2.9K]

Human Resources are like eyes,mouth,legs and etc. they help us everyday and we need them,without them we wouldn’t be anything and some ppl don’t have them but they work without it. Business objectives is like you doing something that requires objectives like pen,paper,laptop something that will help with business.

4 0

3 years ago

The common stock of ABC, Inc., has a beta of 1.13 and a standard deviation of 21.4 percent. The market rate of return is 12.7 pe

harina [27]

Answer:

The appropriate answer is "13.82%".

Explanation:

Given:

Risk free rate,

$R_f=4.10$

Beta of stock,

$\beta=1.13$

Market rate,

= $12.7$

Now,

The market risk premium will be:

⇒ $R_p$ = $Market \ rate-Risk \ free \ rate$

= $12.7-4.1$

= $8.60$ (%)

hence,

The cost of equity will be:

⇒ $r=R_f+\beta\times R_p$

$=4.10+1.13\times 8.60$

$=4.10+ 9.718$

$=13.82$ (%)

7 0

3 years ago

Flip Flop, Inc. treated interest on uncertain tax liabilities as interest expense and penalties as part of selling, general and

borishaifa [10]

Answer:

Flip Flop Inc can still treat Interests as Interest expense and treat penalties as Fees, dues, and subscriptions.

Explanation:

Interest expense is a non-operating expense shown on the income statement. It represents interest payable on any borrowings – bonds, loans, convertible debt or lines of credit. It is essentially calculated as the interest rate times the outstanding principal amount of the debt

Penalties can be categorized under deductible expenses called Fees, dues, and subscriptions.

Levies and other fees paid to an accountant or bank; memberships fees to professional organizations, subscriptions to industry publications and funds paid as penalties are all deductible.

3 0

3 years ago

No behavior should be considered ethical if it is motivated by

Rudik [331]

Answer:b

Explanation:

6 0

3 years ago

Read 2 more answers