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NeTakaya
3 years ago
9

Alex and bailey opened a dance studio together as general partners. they each invested $10,000 of their personal savings. after

one year in business, they decided to close the doors. their partnership agreement said they would divide profits and losses 50/50. they have more debt than assets. alex and bailey will each ________.
Business
1 answer:
Ivahew [28]3 years ago
7 0

Since Alex and Bailey are partners and they will be shutting down the partnership. the debts should be settled by both. they will have to sacrifice their personal assets in doing so

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A company made a profit of $75,000 over a period of 6 years on an initial investment of $15,000. What is its annualized ROI?
Slav-nsk [51]
Return on  Investment = 83% or 0.83

total Profit = 75000
term = 6 yrs
annual profit = 75000 / 6 = 12500
initial investment = 15000

ROI = Net  Profit / Total Asset
       = 12500 / 15000
       = 0.83  or  83% (0.83 x 100%)
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2 years ago
Which of the following is not true of depreciation accounting?
tekilochka [14]

Answer:

B. Depreciation allocates replacement values as part of the matching of revenues and expenses.

Explanation:

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3 years ago
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VladimirAG [237]

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Two lines intersect and form adjacent right angles what is the realationship between the two lines
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Answer:

Which organization does not work for consumers

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