Fixed costs = $84,000
Contribution margin ratio = 24%
To find the break-even point in sales dollars:
Break-even in sales = Fixed costs/contribution margin ratio
Break-even in sales = 84,000/0.24
Break-even in sales = $350,000
*A limited partner's signature on the subscription agreement grants the general partner power of attorney to conduct the partnership's affairs. The subscription agreement for a limited partnership is deemed accepted when the general partner signs the subscription agreement.
<h3>What is a subscription agreement for a limited partnership?</h3>
The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership. When the general partner signs the subscription agreement, it is considered approved for a limited partnership.
<h3>What does the general partner's signature on the subscription agreement mean?</h3>
The limited partners are given authority to manage the partnership's affairs by the general partner's signature. The subscription agreement, when executed by a limited partner, gives the general partner the authority to manage the business of the partnership.
<h3>What is a recourse note in a limited partnership?</h3>
Recourse notes obligate the limited partner to make payments regardless of what transpires. He is legally responsible for the $40,000, making his tax base and possible maximum loss $50,000.
A) manage partnership assets on behalf of the partnership as an agent. B) offer the limited partnership real estate.
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Answer: b. debenture bonds.
Explanation:
A debenture bond is a debt instrument that is unsecured by a collateral or asset. They are issued by companies to raise capital.
A callable bond is a bond that can be redeemed before its maturity date.
A junk bond is a very risky bond with low credit ratings but pay a higher yield when compared to better rated bonds.
Indebenture bond is a legal document that describes the features and terms of a bond.
/* Works only if a >= 0 and b >= 0 */ int pow(int a, int b) { if (b == 0) return 1; int answer = a; int increment = a; int i, j; for(i = 1; i < b; i++) { for(j = 1; j < a; j++) { answer += increment; } increment = answer; } return answer; } /* driver program to test above function */ int main() { printf("\n %d", pow(5, 3)); getchar(); return 0; }
Answer:
The correct answer is D. Coordinates and creates consistency in the operations of various parts of the economy.
Explanation:
The market economy system has advantages and disadvantages in its operation that should be reviewed before starting the study of the centralized economy system. The market economy system works with a high degree of efficiency and economic freedom. Economic agents, both companies and individuals, act guided by their own interest and freely. The price system encourages producers to manufacture the goods that the public wants. Price movements that act as signals in a correct way, while trying to reach their own interest.
