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
ValentinkaMS [17]
3 years ago
7

Marita and Alexandra set up a Limited Partnership. Marita is named General Partner and Alexandra is named Limited Partner. Marit

a embezzles funds from the investors. Is Alexandra liable for Marita's indiscretion?
Business
1 answer:
tresset_1 [31]3 years ago
4 0

Answer:

No

Explanation:

In a partnership form of business ownership, a limited partner enjoys limited liability to the debts of the business. Alexandra is named as a limited partner. He should not participate in the day to day management of the business.

Marita is a general partner and is involved in managing business operations. He has unlimited liabilities to the debts of the business. If Marita embezzles investors' funds, Alexandra is only liable to the extent of his capital contribution. His personal properties cannot be attached to business debts. Alexandra can only be liable if he participates in the management of the business. Marita, on the other hand, is fully responsible for business debts.

You might be interested in
. A rise in the price of corn will cause a (Click to select) in the Supply Curve for corn. b. A decrease in the price of seed (a
Nadusha1986 [10]

Answer:

move along upwards

shift out

shift in

Explanation:

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :

  1. A change in the price of input
  2. A change in the number of suppliers
  3. Government regulations

When the price of corn increases, the quantity supplied of corn increases. this is in line with the law of supply.

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

This would lead to a movement up along the supply curve

If the price of seed which is an input to corn decreases, it becomes cheaper to produce corn. As a result, the supply of corn would increase. this would lead to an outward shift of the supply curve.

If the number of grocery stores decreases, there would be a reduction in supply. As a result, the supply curve would shift inwards

8 0
3 years ago
In December of Year 4, John (a cash-basis taxpayer) received a $2,000 payment from Tom who signed a year's lease to rent John's
larisa86 [58]

Answer:

John should include $1,600 as rental income on his Year 4 tax return as a result of the $2,000 payment.

Explanation:

As a cash-basis taxpayer, John's taxable income is based on the actual cash receipts and payments made in the accounting period.  The refundable part of the rent should not be included as rental income since it is a security deposit that would be returned at the end of the lease period.  If John were an accrual-basis taxpayer, the rental income to be included would have been only $800 representing income for Year 4.

6 0
2 years ago
Among the states, the law governing limited liability companies is far from uniform because Group of answer choices a limited li
Flauer [41]

Answer: State limited liability company statutes vary from state to state.

Explanation:

States are able to pass their own laws regarding the treatment of certain things within a state and limited liability companies are one of them.

The states have different corporate values and therefore will pass different laws to treat limited liability companies based on these values. These laws and statutes will therefore by extension, vary just as the values vary.

For this reason, the law governing LLCs in the different states is not uniform.

5 0
3 years ago
Which graph shows the relationship between the aggregate price level and the aggregate quantity supplied over time?
PilotLPTM [1.2K]
The answer is A: Long-run aggregate supply curve.
4 0
3 years ago
If the exchange rate for Canadian and U.S. dollars is 0.92777 to 1, this implies that 13 Canadian dollars will buy ____ worth of
Mazyrski [523]

Answer:

U.S. dollars = 14.012 U.S. dollars

Explanation:

Below is the exchange rate:

0.92777 Canadian dollars = 1 U.S dollars

Thus to find the amount of U.S. dollars bought from the 13 Canadian dollars, just divide the 13 Canadian dollars from 0.92777. Therefore the resulting answer will be the U.S. dollars.

U.S. dollars = 13 / 0.92777

U.S. dollars = 14.012 U.S. dollars

8 0
2 years ago
Other questions:
  • In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
    8·1 answer
  • In Agile projects early risk planning, assessment and response planning is done at a high level, and more detailed and timely ri
    13·1 answer
  • What is the yield to maturity (YTM) on a share of Six Flags B $1.81 preferred stock if an investor buys the stock at the followi
    10·1 answer
  • Which item(s) are tax deductible for consumers who are buying or renting a home?
    9·2 answers
  • During a recent brainstorming session, one of Franklin's co-workers suggested that their company could sell some of the data con
    11·1 answer
  • Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 4.20 percent that sells for $90.86 per share. I
    15·1 answer
  • Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or
    8·1 answer
  • 50K in 2018 what does it mean or what is it?
    13·1 answer
  • The slope of the budget constraint A. measures the rate at which the consumer can trade one good for another. B. equals the rela
    8·1 answer
  • Zephyr Inc., a manufacturer of electronics products, is planning to release a new product into the market. They are hoping to ta
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!