General partners <span>have unlimited liability for the actions of the business.
</span>
The seven steps to achieving a sound financial reputation include:
1)
Analysis of cash flow –
Positive cash flow would mean having funds available for savings.
2)
Making a plan for retirement
goals and other special goals.
3)
Increase retirement savings
– This can be done by maximizing contributions in your retirement accounts or
catch-up with missed contributions.
4)
Reduce income tax. Consult
a tax professional to help you with your tax strategy.
5)
Keep pace with the current
inflation rate.
6)
Manage potential risks and
liabilities – Being covered with insurance can give you protection in times of
unexpected risks.
7)
Consult a financial advisor
to provide you with informed decisions.
Option C -Operating Cash Flow = Current Liabilities / Operating Cash Flow s not a correct way of calculating a liquidity ratio.
Liquidity ratios are a measure of a company's ability to settle its short-term payments. A company has the ability to quickly exchange its revenues and is using them to pay his obligations is dictated by its liquidity ratios. The potential to pay back debts and keep engaged on installments is simpler the better the ratio. Since this can vary by industry, and current ratio of 1.0 usually signals that a group's debt do not exceeding its liquid assets. In enterprises in which there is a quicker product changeover and/or shorter payment cycles, ratings below 1.0 may be acceptable.
Absolute liquidity ratio =(Cash + Marketable Securities)÷ Current Liability.
Learn more about Liquidity ratios here:
brainly.com/question/15395374
#SPJ4
Answer:
$5,000 increase
Explanation:
As Martha has the main home in Houston and in the current year she rented it for only 10 days, this means that house is rented for less than 14 days and will be still treated as her personal residence, therefore, no deduction will be available for Martha against her rental income. Martha's Adjusted gross income will be increased by an amount of $5,000.
Answer:
D
Explanation:
Profit is Maximize when MR = MC
since MR=40 - 0.5Q
and MC= 4
Therefore:
40-0.5Q = 4
-0.5Q = 4 - 40
-0.5Q= -36
divide through by -0.5
Q = 72
since Q = 72
from Q = 160 - 4p
72 = 160 - 4P
-4p = 72 - 160
-4P = -88
divide through by -4
P = 22