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Lilit [14]
3 years ago
15

Which of the following is true of a partnership?

Business
1 answer:
Readme [11.4K]3 years ago
4 0

Answer: Option (B)

Explanation:

A partnership is referred to as or known as an arrangement where organizations, parties, business partners, tend to agree to cooperate with each other in order to advance the mutual interests they have. These partners that are in partnership may tend to be businesses, individuals, organizations, governments. Organizations tend to partner in order to increase their likelihood of achieving the mission and also amplify reach.

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If your heart get broken by a man then his new girl threatens you what do u do???
Anarel [89]

Answer:

tell the cops and sue her hopefully if you win you could get money

4 0
3 years ago
Read 2 more answers
Shelby Corporation was organized in January to operate an air-conditioning sales and service business The charter issued by the
Vedmedyk [2.9K]

Answer: Please refer to Explanation

Explanation:

This is how the stockholders' equity section of the balance sheet at December 31 should look like,

STOCKHOLDERS'S EQUITY

Contributed Capital

Common Stock (29000 shares x $ 1 par) $29,000

Preferred Stock (19500 shares x $ 10 par) $195,000

Paid in Capital in excess of Common Stock at par ($841000 - $29000) $812,000

Paid in Capital in excess of Preferred Stock at par (19500 shares x ($39 - $10)) $565,500

Total Contributed Capital (sum of all of the above) $1,601,500

Retained Earnings ( $59,000 - $10,000) $49,000

Total Stockholder's Equity (Retained Earnings to contributed cap) $1,650,500

If you need any clarification do comment.

8 0
2 years ago
Vincenzo Martin and Sasha Boudrakis have started a new firm, The Fan Base. Vincenzo is a well-known marketing guru who advises m
Ugo [173]

Answer: limited partnership

Explanation:

With the description given in the question, the The Fan Base is organized as a limited partnership. A limited partnership has a general partner, whom has an unlimited liability and a limited partner.

A limited partnership is when two or more partners go into business together, and in this case, the limited partners will be liable only up to the amount that they invested in the business.

6 0
3 years ago
When Ford was slow to recall vehicles to fix a possible carbon monoxide leak, it was most likely due to ________, because Ford w
Vladimir79 [104]

Answer: Overconfidence bias

Explanation:

The options are:

a. overconfidence bias

b. hindsight bias

c. framing bias

d. escalation of commitment bias

e. sunk-cost bias

Overconfidence bias is when people or organization believe so much in their ability, knowledge, talent, or skills which invariably leads them to believe that they are better than the way they really are. It is an ego belief and can have a dangerous effect.

Ford was slow to recall vehicles to fix a possible carbon monoxide leak due to overconfidence bias as they believe that they are a force to be reckoned with and can't make such mistakes.

5 0
3 years ago
Kate's Diner offers one breakfast item, a breakfast special. The market price for this meal is $5. At her profit-maximizing leve
bazaltina [42]

Answer:

keep producing in the short run but exit the industry or go out of business in the long run

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.

A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

6 0
3 years ago
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