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serg [7]
3 years ago
12

. Which one of the following applies to a general partnership?A. The firm's operations must be controlled by a single partner.B.

Any one of the partners can be held solely liable for all of the partnership's debt.C. The profits of the firm are taxed as a separate entity.D. Each partner's liability for the firm's debts is limited to each partner's investment in the firm.E. The profits of a general partnership are taxed the same as those of a corporation.
Business
1 answer:
Gekata [30.6K]3 years ago
6 0

Answer:

B. Any one of the partners can be held solely liable for all of the partnership's debt.

Explanation:

In a partnership the liabilities of the partners are not limited to the share they contributed in the partnership, rather they can be individually held liable if the partnership is not able to meet the debt.

Further the taxation of profits under the partnership is based on the principle similar to sole proprietorship, as the profits are taxed in the hands of partners and not in the hands of partnership firm.

All the partners are equally liable for the operations of business, and there are types of partners, active partner, sleeping partner, etc:

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The richest 1% of the world's population owns more wealth than the rest of the 99% combined. True or False
zimovet [89]

The distribution of wealth on Earth is such that the richest 1% are wealthier than the rest of the 99% combined so this is <u>True</u>.

<h3>How is income distributed?</h3>

The top 1% of the human population are so wealthier that they own more than the combined assets of the other 99%.

This was confirmed in 2016 by Oxfam, and the scary part is that this trend is set to continue.

Find out more on income distribution at brainly.com/question/4993794

#SPJ1

5 0
2 years ago
A deduction is money taken out of the paycheck for
evablogger [386]
For ......................Income tax
5 0
3 years ago
The nature of intellectual property laws and how they are enforced is one aspect of a country's _____.
kykrilka [37]

The aspect of a country making some changes to its intellectual property laws and <em>how they are enforced</em> is based on the:

  • <u>B. Regulatory practices</u>  

According to the given question, we are asked to state the aspect of a country making some changes to its intellectual property laws and <em>how they are enforced,</em>

As a result of this, we can see that regulatory practices are those things which a country or an organisation does so that some aspects of its functioning system is controlled. With this in mind, we can see that adjusting property laws is an example of a regulatory practise.

Therefore, the correct answer is option C

Read more here:

brainly.com/question/21601506

5 0
2 years ago
A company has determined that its optimal capital structure consists of 43 percent debt and the rest is equity. Given the follow
ale4655 [162]

Answer:

31.5%

Explanation:

Given from the question kd = 7.0 %

Tax rate = 35 %

P0 = $ 28.86

Growth g = 4.9 %

D1 = $ 0.94

First find the cost of common stock by

rS = D1/P0 + g

=0.94/$28.86 + 0.49

=0.523

= 52.3%

Finally, calculate the weighted average cost of capital WACC,

using rs= 0.523,

Tax rate =43% =0.43

Equity E 100% - 43% = 57% =0.57 and

kd=7.0 % = 0.07

so WACC = (D/A)(1 -­ Tax rate)kd+(E/A)rs

= 0.43(1 ­- 0.43)(0.07) + 0.57(0.523)

0.0172 + 0.298

= 0.315

= 31.5%

6 0
3 years ago
Roddie is 30 years old. He was demoted from his job as a manager at Big Trucks, a company with 10,000 employees. He was replaced
labwork [276]

The option available for Roddie would be "Roddie has no options under ADEA."

To understand this, we need to go through the terms of 'Age Discrimination Policy in Employment Act;'

  • This Act covers the cases of employees or workers aging either 40 or above who have suffered age-based discrimination.
  • The people aging under 40 are not covered under this act and hence, the benefits can not be reaped by them in any situation.
  • This law doesn't allow the process of giving preference to an older employee over the younger to be considered illegal.

Hence, Roddie has no available options under ADEA as he is below 40(in fact only 30 years old) and he cannot claim under ADEA for justice.

Learn more about 'Age Discrimination in Employment Act (ADEA)' here: brainly.com/question/7239617

5 0
3 years ago
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