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3 years ago

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.

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All of the following are public relations tools except:______

Montano1993 [528]

Answer:

b. coupons and rebates.

Explanation:

Public Relations Tools or PR tools are a way for a specific company or organization to communicate with the public and media in order to control information, advertise products/services, and even gain exposure in a market. This is done through the use of many tools such as

Media relations
Advertorials
Social media
Newsletters
Brochures and catalogs
Business events
Speaking engagements
Sponsorships or partnerships

This does not include coupons and rebates which are used simply to garner more sales for a company

8 0

3 years ago

Which of the following statements is not a difference between business markets and consumerâ€‹ markets?A. Buyers face more compl

marusya05 [52]

Answer:

E : the market is very small and limited

Explanation:

The statement that the market is very small and limited is not a difference between business markets and consumer markets as the real difference is :

Business market larger in size :

If we talk from a Marketing Perspective point of view it Innovates through technological push and fanatics-breakthroughs which result in a rapid increase in the number of customers in the market and as the size of the market becomes larger.

3 0

3 years ago

Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 2

blsea [12.9K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

June 1: $780/150 units= $5.2 per unit

June 10: $1,170/200 units= $5.85 per unit

June 15: $1,260/200= $6.3 per unit

June 28: $990/150= $6.6 per units

A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand.

Units sold= total units - ending inventory

Units sold= (150 + 200 + 200 + 150) - 210= 490 units

<u>The method with the lowest cost of goods sold will have the highest income:</u>

FIFO (first-in, first-out):

COGS= 150*5.2 + 200*5.85 + 140*6.3= $2,832

LIFO /last-in, first-out)

COGS= 150*6.6 + 200*6.3 + 140*5.85= $3,069

Weighted-average:

Weighted-average price= (5.2 + 5.85 + 6.3 + 6.6)/4= 5.99

COGS= 490*5.99= $2,935.1

The inventory method that will provide the highest gross profit is FIFO.

4 0

3 years ago

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit t

IRISSAK [1]

A $200 petty cash fund has cash of $20 and receipts of $177. The journal entry to replenish the account would include a credit to:

d. Cash for $180

Explanation: As observed above the petty cash receipts are falling short of $3, But that will be adjusted with expenses as its a small amount and balance of $200 needs to be maintained in the petty cash.

6 0

3 years ago

Read 2 more answers

if the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the st

Len [333]

Expected return of the stock is greater than 12%.

Using formula, Risk free rate + beta (market risk rate - risk free rate)\

= 2% + 2.0 (7%-2%)

= 13.6 - 0.4* risk premium

Risk premium of a stock is greater than 12%.

A stock's total return takes into account both capital gains and losses as well as dividend income, as opposed to a stock's nominal return, which only displays its price movement. In addition to considering the actual rate of return, investors should consider their ability to withstand the risk involved with a given investment. An investment's return on investment (ROI) provides a general indication of its profitability. The return on investment (ROI) is calculated by subtracting the investment's initial cost from its final value, dividing the result by the cost of the investment, and finally multiplying the result by 100.

Note that the full question is:

If the market risk premium is 7%, the risk-free rate is 2% and the beta of a stock is 2.0, what is the expected return of the stock?

A. less than 12%.

B. 12%.

C. greater than 12%.

D. cannot be determined.

To learn more about returns: brainly.com/question/24301559

#SPJ4

3 0

1 year ago