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vovikov84 [41]
3 years ago
14

A business partner whose potential financial loss in the partnership will not exceed his or her investment in that partnership i

s called a:_______. a) General partner. b) Sole proprietor. c) Limited partner. d) Corporate shareholder. e) Zero partner.
Business
1 answer:
hodyreva [135]3 years ago
5 0

Answer:

c) <u>Limited partner</u>

Explanation:

Partnership is a form of business wherein two or more individuals agree to carry out a business, mutually agreeing to share profits and losses in agreed profit sharing ratio as per the clauses in partnership deed.

Apart from in Limited liability form of partnership, partners are subject to unlimited liability which means in case of excessive losses, their personal assets such as cars or houses can be taken away as well.

Limited liability partnership(LLP) is a form of partnership wherein the loss of partners are limited to the amount of their respective investments.

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Gordon rosel went to his bank to find out how long it will take for $1,200 to amount to $1,650 at 8% simple interest. calculate
Pachacha [2.7K]
The formula is
A=p (1+rt)
A future value 1650
P present value 1200
R interest rate 0.08
T time?
1650=1200 (1+0.08t)
Solve for t
Divide both sides by 1200
1650/1200=1+0.08t
Subtract 1 for both sides
(1650/1200)-1=0.08t
Divide both sides by 0.08
T=((1,650÷1,200)−1)÷0.08
T=4.69 years round your answer to get 5 years

Another way using the formula of simple interest
I=prt
I interest earned which can be found by subtracting the present value from the future value (A-p)=1650-1200=450.
P principle 1200
R interest rate 0.08
T time?
Solve the formula for t
T=I/pr
T=450÷(1200×0.08)
T=4.69 years round your answer to get 5 years

Hope it helps!
3 0
3 years ago
Khalifa’s friend, Khalid, has told him that managing the finances of the business is very important.
Y_Kistochka [10]

Answer:

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  3. Fees earned from providing services and the amounts of merchandise sold. Examples of revenue accounts include: Sales, Service Revenues, Fees Earned, Interest Revenue, Interest Income. ... Revenue accounts are credited when services are performed/billed and therefore will usually have credit balances.
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Explanation:

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Explanation:A.P.E.X

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