Answer:
The correct answer is C
Explanation:
Disability buyout insurance is the term which is defined or designed in order to provide the funds that is important to buy an owner or the interest of the partner in the small business if the person become disabled.
It will help or allow the remaining owners to continue the operations by replacing a key person in terms of financially as the disability of the person prevents them from returning to the business.
Suppose there is a decrease in the price of butter.There will be an increase in demand for bread.
<h3>Option (B) is correct</h3>
<u>Explanation:</u>
Bread and butter are complementary goods. They are demanded and consumed together. So their demand are positively correlated which means an increase in demand of one will lead to the same increase the demand of other
If the Price of butter decreases, it will lead to an increase in the demand for butter. With the increasing demand for butter, the demand for bread will automatically increase. Both demands will move in the same direction.
Answer:
C. Unlimited liability for all partners
Explanation:
A partnership is a business arrangement in which two to twenty ( 2 to 10 for professionals such as lawyers accountants, etc) people come together to join resources together for profit motive.
A general partnership is a type of partnership in which all the partners have unlimited liability.
In a general partnership, all partners share in the asset and liabilities of the firm in the case of Liquidation.
In the event of liquidation, personal assets of the partners can be used in the settlement of the firms debt
Answer:
Average investment will be $625000
Explanation:
We have given cost = $610000
And residual value = $640000
We have to calculate the average investment
We know that average investment is given by
Average investment
So the average investment will be $625000 which is used for calculating the accounting rate of return