Answer: General Partnership
Explanation:
Since both Kyle and Palo are equally responsible for the businesses' risks and rewards and they also combine their resources together, then this is a general partnership.
For a general partnership, they both take active part in the business and also have unlimited personal liabilities.
Therefore, the answer is general partnership.
Answer: option A
Explanation: Price elasticity can be defined as the relative change in the quantity demanded for goods or services with respect to change in price. There are several factors affecting price elasticity and one of them is the the nature of that good or service , that is, whether it is necessity or a luxury.
Consumers demand with respect to necessary goods do not change much when price rises as compared to luxury goods as necessary goods like daily bread and medicines are essential for life.
In above two options amputation procedure is a necessity whereas yacht is a luxury.
Answer: Option A
Explanation: Determine priorities and set realistic goals
Answer:
4 two and two equals four
2+2 =4
Answer:
True
Explanation:
Partnerships are not taxed as individual entities, they work as pass through entities where the partners must report any gains or losses on their personal income filings.
In this case, since Aaron owns 25% of Eagle Company, any loss or gain that Eagle company has will be passed to Aaron in the same percentage. Since Eagle had a $10,000 short term capital loss, $2,500 ($10,000 x 25%) of the loss will pass to Aaron.
