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3 years ago

When partners own different portions of the business, the terms should be stated clearly in what document?

Business

2 answers:

seropon [69]3 years ago

7 0

The answer is the partnership agreement.

You would not have articles of incorporation because this is not a corporation but a partnership.

The executive summary is just a brief outline of what is to come in the document it is attached to.

The business summary would not contain this information.

the only logical answer is the partnership agreement that will list how much equity each partner is to have in the company moving forward.

sattari [20]3 years ago

3 0

The partnership agreement the answer is in the question

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2.A pump has failed in a facility that will be replaced in three years. A brass pump costing $6,000 will last three years. A use

lapo4ka [179]

Answer:

-$1,500 more expensive

Explanation:

Calculation for How much cheaper or more expensive would it be to use the stainless-steel pump rather than a new brass pump

Using this formula

Cheaper or more expensive=Brass pump value-( Current pump value+Pump reconfigure extra amount spent)

Let plug in the formula

Cheaper or more expensive =$6,000-($7,000+$500)

Cheaper or more expensive =$6,000-$7,500

Cheaper or more expensive =-$1,500 more expensive

Therefore based on the information given the stainless steel pump will be $ 1500 more expensive than the brass pump.

4 0

3 years ago

On March 31, 2021, Chow Brothers, Inc., bought 8% of KT Manufacturing’s capital stock for $51.5 million. KT’s net income for the

In-s [12.5K]

Answer and Explanation:

a. The Journal entries are shown below:-

Investment - Capital stock Dr, $51.5 million

To Cash $51.5 million

(Being investment is recorded)

Unrealized holding gain or loss Dr, $15.5 million ($51.5 - $36.0)

To Fair value adjustment $15.5 million

(Being fair value adjustment is recorded)

b. Unrealized holding gain or loss Dr, $5.5 million ($51.5 - $30.5 - $15.5)

To Fair value adjustment $5.5 million

(Being fair value adjustment before sale is recorded)

Cash Dr, $30.5 million

Unrealized holding gain or loss Dr, $21 million

To Investment - Capital stock $51.5 million

(Being sale of investment is recorded)

4 0

3 years ago

(lavilla) lavilla is a village in the italian alps. given its enormous popularity among swiss, german, austrian, and italian ski

bonufazy [111]

The answer is <u>"120 skiers per day".</u>

On average, 1,200 skiers in the village

On average, skiers stay in lavilla for 10 days

how many new skiers are arriving = ?

Applying Little's Law,

Flow Rate = Inventory / Flow Time

= 1200 skiers / 10 days

= 120 skiers per day

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3 years ago

Your team is consulting with a local manufacturing company that has 1,200 employees and is the third largest employer in the are

Vedmedyk [2.9K]

Answer:

how do you want me to answer this telll me how and i will answer it full as best to my ability

Explanation:

8 0

2 years ago

Can you breifly explain why stockholders' investment and revenues increase stockholders' equity, while dividends and expenses de

Scilla [17]

From an accounting standpoint, stockholders' investment and revenues increase the assets of the company without adding to the liabilities. Therefore according to the equation (A = L + E), equity must increase.

Similarly, issuing dividends and paying expenses pays cash out of the company, which decreases assets without changing liabilities. Therefore equity must decrease.

Another way to think of it is: what contributes to the company's profit and/or value, and what decreases these things? Well, revenues and people investing in the company are good (and therefore good for stockholders), and giving cash out and paying expenses are costs to the company (and therefore decrease value for stockholders).

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3 years ago