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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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When we want to measure wage inflation in the labor market, we use the: Consumer Price Index Product Price Index Employment Cost
dusya [7]

Based on economic indices, when we want to measure wage inflation in the labor market, we use the "<u>Consumer Price Index."</u>

The consumer price index, often referred to as CPI, is conducted by the <u>Bureau of Labor Statistics. </u>

CPI is carefully made to measure the price changes encountered by urban consumers.

It is believed that the urban dwellers formed about 93 percent of the United States population.

Consumer Price Index is used to measure the relationship between wage and inflation.

Hence, in this case, it is concluded that the correct answer is "Consumer Price Index."

Learn more here: brainly.com/question/8416975

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2 years ago
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Painting expenses is debit or credit​
miss Akunina [59]

Answer:

Debit

Explanation:

If its not a house or a big invesment into a buisness it is debit

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Activity-based management (ABM) is defined as: The implementation of an activity-based costing system in a service company, such
dimaraw [331]

Answer:

The identification and selection of activities to maximize the value of the activities while minimizing their cost from the perspective of the final consumer of the product or service

Explanation:

Activity-based management (ABM) is defined as the identification and selection of activities to maximize the value of the activities while minimizing their cost from the perspective of the final consumer of the product or service

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Edison's Performance Pizza is a small restaurant in Chicago that sells gluten-free pizzas. Edison's very tiny kitchen has barely
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It is now January 1, 2018, and you are considering the purchase of an outstanding bond that was issued on January 1, 2016. It ha
kipiarov [429]

Answer:

YTM is 7.54%.

Explanation:

The yield to maturity can be calculated using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = yield to maturity = ?

nper = number of periods = number of years to maturity = original maturity number of years - number of years between January 1, 2016 and January 1, 2018 = 20 - 2 = 18

pmt = annual coupon payment = face value * annual coupon rate = 1000 * 9% = 90 (Note: This is an inflow to the bondholder and it is therefore a positive figure).

pv = present value = current bond price = -1141.20 (Note: This is an outflow to the buyer of the bond and it is therefore a negative figure).

fv = face value of the bond = 1000 (Note: This is an inflow to the bondholder and it is therefore a positive figure).

Substituting the values into equation (1), we have:

YTM = RATE(18,90,-1141.20,1000) ............ (2)

Inputting =RATE(18,90,-1141.20,1000) into excel (Note: as done in the attached excel file), the YTM is obtained as 7.54%.

Therefore,  YTM is 7.54%.

Download xlsx
7 0
2 years ago
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