Under partnership Felix is entitled to receive $100,000. 1/3 × 300000 = $100000
In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organisations, schools, governments, or combinations of these may be the partners in a partnership.
All partners in a general partnership are equally liable financially and legally. The debts that the partnership incurs are personally liable to the individuals. Equal shares are also given to profits. In a partnership agreement, the mechanics of profit sharing will almost definitely be spelled out in writing.
Organizations may work together to expand their reach and increase the likelihood that each will succeed in reaching their goals. A partnership may solely be controlled by a contract, or it may issue and hold stock.
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Answer:
Conglomerate
Explanation:
A conglomerate is a company that consists of many separate , independent entities. One corporation holds a majority interest in smaller businesses in a corporation, each of which performs business activities separately.
Answer:
Build and maintain long term relationship
Explanation:
A good way to manage the cost of acquiring a new customer is by building and maintaining a long term relationship with customers as this helps in winning their loyalty .
With this, a particular customer can keep patronizing you for a long period of time . This means that after the initial cost of acquiring the customer , the major expenses in respect of the customer is just the service cost , which is much smaller compared to the cost of acquiring a new customer.
Answer:
Net loss $100,000
Explanation:
<em>The relevant cost for decision to accept the special order are
</em>
<em>I Incremental Revenue from the special order
</em>
<em>2. incremental variable cost</em>
<em>Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision</em>
<em />
Variable cost cost= 40 +10= 50
Sales revenue from the special order $
(45 × 20,000) 900000
Variable cost of the special order (50× 20,000) <u>(1,000,000 ) </u>
Net loss <u>100,000</u>