1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ss7ja [257]
3 years ago
5

What is the preferred method of resolving a partner's deficit balance, according to the Uniform Partnership Act?

Business
1 answer:
olga_2 [115]3 years ago
3 0

Answer:

e. The partner with a deficlt balance contributes personal assets only If those personal assets exceed personal lablties.

Explanation:

The Uniform Partnership Act is a provision that resolves conflicts in a partnership that is not addressed in the partnership agreement.

The Act is used mostly with small and informal partnerships.

It has been adopted in all states except Louisiana.

Partners must settle their debts in order to redeem their interest in the partnership.

UPA provides that partner with deficit contributes personal assets only If those personal assets exceed personal liabilities.

You might be interested in
Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset
lidiya [134]

Answer:

3.15 times

Explanation:

Asset turnover = Sales revenue / Average total assets

Asset turnover = $1,135,420 / $360,600

Asset turnover = 3.15 times

7 0
3 years ago
One way that technological innovation has changed business is by decreasing the use of
lutik1710 [3]

Answer: Paper Forms

Reason: Process of Elimination and Educated Guess (Also, I just learned this)

3 0
3 years ago
The cost of making a shirt is half of what the shirt normally sells for. today, however, the shirt is on a 15% discount from its
Stolb23 [73]
Let the cost of the shirt be y and the price by the which the shirt is sold is 2y.

Now, let's calculate how much does 15% represent from the price of the shirt:
15% discount = (15/100) x 2y = 0.3y
Therefore, the shirt is sold for : 2y - 0.3y = 1.7y

This means that at 15% discount, the shirt is sold at 1.7 of its original cost.
7 0
3 years ago
Customer World expects the credit card company to deposit funds in their business account for their sales where a customer uses
Murljashka [212]

Answer:

$88.75

Explanation:

Customer World expects the credit card company to deposit funds in their business account for their sales where a customer uses a credit card to pay. If Customer World earned $90 from a sale and the transaction fee was $1.25, the Customer World should expect $88.75 to be deposited into his business bank account by the credit card company.

I hope the answer is helpful.

Thanks for helping.

3 0
3 years ago
Gantt charts are effective for project scheduling if:
pochemuha

Answer: c. The project contains simple activity sequences

Explanation:

Gantt chart is a firm of bar chart that depicts a project schedule as it helps in the scheduling of a particular project.

Gantt chart is a graphical tool that helps in showing the activities that are performed against time to the project team or project manager. Gantt charts are effective for project scheduling if such project contains simple activity sequences.

4 0
3 years ago
Other questions:
  • A payment is said to be ________________ if it is automatically adjusted for inflation. cross referenced indexed matched maintai
    9·1 answer
  • Tom told his son, bobby, to go out and rake leaves. bobby went outside but raked pretty slowly (one bag in 2 hours). tom told bo
    10·1 answer
  • Assume you are now 25 and you want to have a million dollars by the time you are 65. if you can earn 6% per year, compounded ann
    6·1 answer
  • Question Number 3) Antonio, a mid-level manager at ABC Manufacturing, is negotiating supplier agreements with a Chinese firm in
    5·1 answer
  • Jane receives 16 cents for every unit produced. jane produces 3,512 pieces in a 43-hour workweek. for overtime, jane is paid a s
    7·1 answer
  • trade restrictionsa. reduce the gains from trade for the country as a wholeb. increase the gains from trade for poor countriesc.
    9·1 answer
  • "Have you considered paying workers for what they produce? I found that when i paid employees by the pice, their productivity we
    6·1 answer
  • Consider This) Susie purchased a nonrefundable ticket to a soccer match for $20. It will cost her $10 worth of gas and wear and
    10·1 answer
  • Write the interrelationship between education and profession​
    8·1 answer
  • If an account has a credit balance it means​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!