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3 years ago

The admission of a new partner to an existing partnership:

Business

1 answer:

Lapatulllka [165]3 years ago

6 0

Answer:

The correct answer is letter "B": Causes a legal dissolution of the existing partnership.

Explanation:

A Partnership is an organization that operates a business with two or more owners. They share the profits in proportion to their partnership interest in percentage terms. There are two types of partnerships: general partnerships (<em>unlimited liability</em>) and limited partnerships (<em>passive members who are responsible depending on how much money they contribute to the company</em>).

Every time one of the partnership members passes away, retires, or another partner will be added, the existing partnership legally dissolves creating a new entity.

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Explain the 4 p's of innovation

nirvana33 [79]

Answer:

product, process, position, and paradigm and defined as follows: Product: innovation is the first thing that comes to mind when talking about innovation and conveys the changes in the things (products/services) that an organization offers. Process: a series of actions or steps taken to achieve a particular end. Position: a situation or set of circumstances, especially one that affects one's power to act. Paradigm: a worldview underlying the theories and methodology of a particular scientific subject.

Explanation:

3 0

3 years ago

A loan is amortized over five years with monthly payments (i.e. end of month) at an annual nominal interest rate of 5% compounde

BlackZzzverrR [31]

Given:
Amortizing period = 5 years
APR=5% per annum
interest rate, i = 0.05/12 per month
number of periods, n = 5*12=60 months (for amortization)
Payment schedule:
$500 at the end of first month,
increased by $20 each month thereafter.
Borrowed amount: not given

Question: Find outstanding loan balance after the 40th payment.

Solution:
Step 1: First we need to find the amount borrowed, P.
From the payment schedule, we decompose the payment into two components,

A. Equivalent uniform monthly payment, As, for a step amount of G=$20 a month, starting with zero after the first month, for a period of 5 years (n=60).
The value of As can be obtained from a specialized formula for step-payments,
$As=\frac{G((1+i)^{n}-i*n-1)}{i(1+i)^{n}-i}$
Substitute values, G=20,i=0.05/12,n=60
$As=\frac{20((1+.05/12)^{60}-(.05/12)*60-1)}{(.05/12)(1+.05/12)^{60}-(.05/60)}$
=565.0847

B. Principal, Pb, for a uniform monthly payment of A a month
The principal,Pb can be found from the basic amortizing formula to be
$Pb=\frac{A((1+i)^{n}-1)}{i(1+i)^{n}}$
We have
Equivalent uniform monthly payment
=500+equivalent uniform payment step amounts
=500+565.0847
=1065.0847
substituting values, A=1065.0847,i=.05/12,n=60
$=\frac{1065.0847((1+.05/12)^{60}-1)}{(.05/12)(1+.05/12)^{60}}$
=56439.591
check: average monthly payment = 1100
duration: 60 months
total amount paid = 60*1100=66000
average annual interest=((66000-56439)/56439-1)/5=3.3% (~ 5%/2) ok.

Amount borrowed, P=56439.591

Step 2: Future value of loan at the end of the 40th month.
This can be found by the compound interest formula
F=P(1+i)^n=56439.591(1+0.05/12)^40=66652.416

Step 3: Future value of payments
first we need to find the equivalent monthly payment of the step payments, using the same formula as in step 1, but with n=40
$A=\frac{G((1+i)^{n}-i*n-1)}{i(1+i)^{n}-i}$
$=\frac{20((1+0.05/12)^{40}-(0.05/12)*40-1)}{(0.05/12)(1+0.05/12)^{40}-(0.05/12)}$
=378.924
This should be added to the constant payment of $500 a month to give
A=500+378.924=878.924
Future value of monthly payment of 878.924
$F=\frac{A((1+i)^{n}-1)}{i}$
Substitute values, A=878.924, i=0.05/12, n=40
$=\frac{878.924((1+0.05/12)^{40}-1)}{0.05/12}$
=38170.213

Step 4: Outstanding balance right after the 40th payment
=future value of loan - future value of payments
=66652.416-38170.213
=28482.20

Answer: Outstanding balance after the 40th payment is $28482.20

7 0

3 years ago

Timothy Carter has net monthly income of $5,400. He has a monthly auto loan payment of $750, a student loan payment of $390, a m

Ainat [17]

Answer:

54.9%

Explanation:

To calculate your debt to income ratio, you must add all your monthly debt payments and divide that number by your monthly gross income:

Timothy's total monthly debt payments = auto loan ($750) + student loan ($390) + mortgage ($1,700) + credit card ($125) = $2,965

Timothy's debt to income ratio = $2,965 / $5,400 = 54.9%

Timothy has too many debts, a good debt to income ratio shouldn't exceed 36-40%.

6 0

3 years ago

1. Given this information, the opportunity cost of one computer in France is __________, and the opportunity cost of one compute

Ostrovityanka [42]

I am assuming here that you use the example where in the US the workers can produce 200 computers of 100 cars and the French workers can produce 80 of each.

Then the opportunity cost of one computer in France is higher than in the United States -which means that it's lower in the United States (twice as low)

So, France would have a comparative advantage in producing wine and US in producing computers.

4 0

3 years ago

When warner music group and sub pop records created the alternative distribution alliance in 1993 as a joint venture to distribu

agasfer [191]

The correct option is D.
Logistic alliance is said to occur in a situation where the parties in an alliance venture is made up of a provider of logistic services and a producer of a particular product and the two of them now come together to form a new system which improves the distribution of the products concerned to the customers.

8 0

4 years ago