1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kay [80]
3 years ago
8

Evidence of sharing profits is prima facie evidence of partnership existence unless the profits are: a. wages or rent. b. not sh

ared equally. c. income. d. all of the above
Business
1 answer:
levacccp [35]3 years ago
5 0

Answer: A. Wages or rent

Explanation: A business partnership is an association of two or more people to conduct a business. The partners pool their funds and also partake in profits or losses that might result in running the business. The contract of a partnership that states that one exist could be express or implied, written or oral.

Generally, the receipt of profits from a business is evidence of a partnership. However, when it is repayment of a debt, wages, rent, or an annuity that is received as a share of profit, such transactions do not lead to a legal inference that a partnership exists since they are considered “protected relationships”. Therefore, evidence of sharing profits is prima facie evidence of partnership existence unless the profits are wages or rent.

You might be interested in
Which of the following is generally not one of the five processes integrated into an enterprise project management methodology?
Xelga [282]

Answer:

a. Manpower staffing

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Enterprise project management (EPM) can be defined as a strategic process which typically involves managing various projects on a large scale.

Some of the processes integrated into an enterprise project management methodology include the following;

I. Total quality management: it is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.

II. Scope change management: it involves defining what the objective and goal of a project is.

III. Risk management: it can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits.

7 0
3 years ago
A company recorded 2 days of accrued salaries of $1,500 for its employees on January 31. On February 9, it paid its employees $7
zavuch27 [327]

Answer:

Journal Entries are:

January 31:

Debit Salaries Expense $1,500

Credit Salaries Payable $1,500

To accrue salary expense for 2 days.

February 9:

Debit Salaries Expense $5,700

Debit Salaries Payable $1,500

Credit Cash $7,200

To record the payment of salaries expense, including salaries payable.

Explanation:

a) Data and Analysis:

January 31: Salaries Expense $1,500 Salaries Payable $1,500

February 9: Salaries Expense $5,700 Salaries Payable $1,500 Cash $7,200

6 0
3 years ago
Both Nestlé and Cadbury determined that a liquid chocolate confection would be one way to address the issue of India's hot weath
miskamm [114]

Answer: Product market decision

Explanation: In the product market decision, the company offering the product into the market makes it safe and suitable for the target customer base.

In the given case, nestle and cadbury made the decision regarding the product by taking the climatic conditions of the target market into consideration. Hence, we can conclude that the given case is an example of product market decision.

4 0
4 years ago
Suppose that you have $100 today and expect to receive $100 one year from today. Your money market
malfutka [58]

Answer:

Its C. 1.25

Explanation:

Coursehero

4 0
3 years ago
In the Solow growth model without population growth or technological progress, if investment is greater than depreciation, the c
Nat2105 [25]

Answer:

Increase, increase

Explanation:

The correct answers to the blanks are;

First blank : Increase

Second blank : Increase

The Solow Growth Model is a model used in economics to measure the development in economy considering the changes in the level of output over time as a consequence of changes in the population. It also takes account the investment in economy and then the depreciation involved

This model was presented by Robert Solow an Amercian economist

8 0
3 years ago
Read 2 more answers
Other questions:
  • Total quality management (tqm) emphasizes all but which one of the following?a. Team-based work design and the creation of a tot
    15·1 answer
  • On May 3, 2020, Pina Company consigned 90 freezers, costing $470 each, to Remmers Company. The cost of shipping the freezers amo
    10·1 answer
  • FoodieZ, a fast food manufacturer, changed the packaging of its sandwiches to minimize waste. Additionally, it uses recycled pap
    10·2 answers
  • Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2
    7·1 answer
  • Marin Factory provides a 2-year warranty with one of its products which was first sold in 2017. Marin sold $940,900 of products
    12·1 answer
  • After researching products similar to yours in the industry, you decide that your product has superior value. As such, you decid
    5·1 answer
  • Find three examples of each tool in the promotional mix. Answer these questions: 1.What is the purpose of the promotional tool?
    8·1 answer
  • A 20-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 9.40%. (Do not round int
    6·1 answer
  • I have 2 questions and I need help. I am giving 20 points, 10 for each question.
    14·1 answer
  • A market structure where only two business dominate the market​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!