All categories

3 years ago

A ______ partner has responsibility or liability for losses beyond their investment

Business

2 answers:

artcher [175]3 years ago

5 0

Answer:

General partner

Explanation:

In general partnership, have unlimited liabilities. This means their liabilities is not limited to only their investments, hence the term "unlimited liabilities".

General partnership is the most common form of partnership. A general partner has responsibility of the actions of the business and is personally liable for all the business's debts and obligations. In this form of partnership, a partner can be used for the company's debt.

meriva3 years ago

4 0

Answer:

The answer is General partner

Explanation:

First of all, let us start by defining what General Partnership is.

A general partnership is a kind of business arrangement whereby two or more individuals come into an agreement to share in all the assets, profits, and financial liabilities of a business they jointly own. In this arrangement, partners agree to Unlimited liability. This means that, in the event of business failure, liabilities are not limited and can be paid for through the seizure of business owner(s) assets.

So therefore, a General Partner enters an agreement to be responsible and liable for business losses beyond their investment.

You might be interested in

Roberta is trying to decide whether to vote for a political candidate. based on what she has read about him, she has concluded t

slega [8]

The appropriate response is Affective. This part manages sentiments or feelings that are conveyed to the surface about something, for example, dread or despise. Utilizing our above illustration, somebody may have the disposition that they despise young people since they are languid or that they cherish all infants since they are adorable.

6 0

3 years ago

Georgia Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative

Alexxandr [17]

Answer:

($3,000)

An outflow

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

In cash flow statements, an increase in assets(other than cash) is treated as a cash outflow while a decrease is considered as an inflow of cash.

Hence if accounts receivables balance increases from $45,000 i 2018 to $48,000 in 2019, the change of $3,000 will be shown as an outflow.

6 0

3 years ago

Explain the result of the violation of patent protection illustrated in the scenario below.

lesya692 [45]

<h2>Luke cannot sell the product because patent is already been issued to the similar product.</h2>

Explanation:

According to the given scenario, Luke though he is an inventor and he has created a product which is similar to already patented, Luke is not allowed to sale based on the patent rule.

Since there is a patent right obtained by someone for similar product, then what Luke is trying to do is against the Patent law.

Luke cannot prove that he already had an idea. Any law always needs a proof than a statement.

Luke may be punishable under the patent law if he tries to sell his invention.

6 0

3 years ago

A company issues 1 million shares of common stock with a par value of $0. 02 for $15. 00 a share. the entry to record this trans

Zarrin [17]

The entry to record this transaction includes a debit to cash for 14,980,000.

To report transactions, accounting gadget makes use of double-access accounting. Double-access means that transactions are always recorded the use of two sides, debit and credit score. Debit refers to the left-hand aspect and credit score refers back to the proper-hand side of the magazine access or account.

A debit is an entry made on the left facet of an account. It either will increase an asset or rate account or decreases fairness, liability, or revenue money owed (you'll study more about those money owed later). for instance, you debit the purchase of a brand new computer through coming into it on the left aspect of your asset account.

explanation;

Cash 1 million shares x $15 a share = 15,000,000

Common Stock 1 million shares x $0.02 par valu = 20,000

Additional Paid-in Capital (15,000,000 - 20,000)

= 14,980,000

Disclaimer :-your question is incomplete,please refer below for complete question.

Company issues 1 million shares of common stock with a par value of $0.02 for $15 a share. The entry to record this transaction includes a debit to Cash for:

A. $15,000,000, a credit to Common Stock for $20,000, and a credit to Additional Paid-in Capital for $14,980,000.

B. $15,000,000 and a credit to Common Stock for $15,000,000

C. $20,000 and a credit to Common Stock for $20,000.

D. $20,000, a debit to Capital Receivable for $14,980,000, a credit to Common Stock for $20,000, and a credit to Additional Paid-in Capital for $14,980,000.

Hence,the answer is option A .$15,000,000, a credit to Common Stock for $20,000, and a credit to Additional Paid-in Capital for $14,980,000.

Learn more about transaction here:- brainly.com/question/24835236

#SPJ4

8 0

2 years ago

Which of the following marketing orientations holds that achieving organizational goals depends on knowing the needs and wants o

makvit [3.9K]

Answer:

The Marketing Concept

Explanation:

Marketing concept is a marketing style in which the realization of the organization goals is directly related to knowing the needs and wants of the target markets and delivering the desired satisfactions better than competitors.

The organization utilizes market data to develop a strategy that is able to maintain a balance between satisfying the customer's need and achieving its own goals.

3 0

3 years ago