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Deffense [45]
3 years ago
10

Emma Pebble and Chase Stone formed a partnership in a landscape business. Under their arrangement, Emma actively manages the com

pany and assumes unlimited liability for the firm's debts. Chase has invested several thousand dollars of his money with plans to share in the profits, but does not actively make management decisions, nor will he assume liability beyond his initial investment. Emma and Chase participate in a limited partnership.
A. True
B. False.
Business
1 answer:
Elena L [17]3 years ago
8 0

Answer:True

Explanation:A limited partnership is a form of partnership business between two or more patners in which the major partner which is the general patner has controllable interests in the running of the business and making the managerial decision while the other partner(s),which is the limited partner has only a limited liability equating to the amount invested by him/her.But in the case of the general partner,he/she has unlimited liability of the business debt.Also,the limited partner(s) core&only objective is just about making profit/returns of his/her own initial investment.

So in the case of Emma Pebble and Chase Stone,Emma is the general partner who actively takes part in the running of the business,thus bearing the major risks&liablities,while Chase is the limited partner whose only interest is to partake in profits from his initial investment.

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Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable
labwork [276]

Answer:

description of the land

Explanation:

According to my research, many states need for a land sale contract to include a description of the land in order to be able to make the contract enforceable. This is just like when you buy a car, you would like to have photos of the car for the sale. Description as well as photos provide a better understanding of what is being sold.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Everything else held​ constant, the vertical section of the supply curve of reserves is lengthened when the A. federal funds rat
lbvjy [14]

Answer: The correct answer is "C. discount rate increases.".

Explanation: If everything else held​ constant, the vertical section of the supply curve of reserves is lengthened when the discount rate increases.

This occurs because the discount rate is the interest rate at which the Central Bank is willing to lend reserves to commercial banks.

8 0
3 years ago
If you were an advisor at a global summit on alternative energy, which source of energy would you recommend countries invest mor
Vera_Pavlovna [14]

Answer:

If I were an advisor at the alternative energy summit I would support investing in <u>solar energy. </u>

Explanation:

The reasons are various:

- The cost of implementation is much cheaper than that of wind turbines or hydrogenerators, which is why it is more economically profitable.

- It can be implemented in any area of ​​the world or in any place where you find sunlight (such as areas of the Middle East), regardless of the hours of daily sunlight (The sun is an inexhaustible source of energy).

- It is a clean energy, since it produces energy without expense or damage to nature.

- In addition to this, the useful life of photovoltaic panels is 20 years, a fairly long time with respect to the amount of energy generated.

8 0
3 years ago
Economists believe that an activity should be continued up to the point where
Goryan [66]
The marginal benefit from the activity is equal to the marginal cost
4 0
4 years ago
In the month of May, Kachik Manufacturing had the following overhead costs. 1. Property taxes, $19,200 ($9,200 for offices, $10,
bija089 [108]

Answer:

debit for 50,779

Explanation:

the actual overhead will be debited which is composed by the actual cost associate with the production department which aren't direct materials or labor.

property taxes     10,000

injury insurance     8,400

building insurance 3,820

utilities                     1,306

equipment dep      12,680

building dep           14,573

 actual overhead   50,779

6 0
3 years ago
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