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3 years ago

Which of the following is not a characteristic of a general partnership?

Business

2 answers:

Arturiano [62]3 years ago

7 0

I believe it’s D I took a quizlet on that class

ankoles [38]3 years ago

7 0

It would be dissolution occurs only when all partners agree

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If a homeowner wants to sell his property to an adult child for $1, may a sales agent be involved in that transaction?

Umnica [9.8K]

Answer:

Of course a sales agent can be involved, although they will probably charge a fixed amount and not a sales percentage. Many people probably need the help of a sales agent to fill out legal forms, including contracts, etc. Not everyone has the knowledge to prepare them or simply fill them out, and a sales agent can be helpful.

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3 years ago

The vice president of Oreon Inc., an international chain of hotels, announces that he will retire from his post after 2 years. F

quester [9]

Answer:

executive succession

Explanation:

Executive succession -

It refers to the process , where the board of directors collectively elects and grooms the upcoming leader , who would be leading the company or organisation after the previous leader will retire , is referred to as the process of executive succession .

The process require corporation and collectiveness of all the decisions and information , as the new leader is very important for the success of the company .

Hence , from the given scenario of the question ,

The correct term is executive succession .

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3 years ago

George has obtained a $141,000 5/1 30-year ARM at 5%. During the first 3

riadik2000 [5.3K]

Answer:

Well, friend, I think it'nle sA. $ 587.50

Explanation:

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3 years ago

Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month follow

hjlf

Jasper Company Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

<h3>Cash Receipts Budget for April, May, and June:</h3>

April May June Total

Cash Sales 30% $157,500 $160,500 $168,000 $486,000

Credit Sales 70% 400,000 367,500 374,500 1,142,000

Total $557,500 $528,000 $542,500 $1,628,000

Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500. The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500. The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000. The difference of 70% is received in July.

To learn more about cash receipts visit the link

brainly.com/question/15561219

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2 years ago

Plant assets often require expenditures subsequent to acquisition. It is important that they be accounted for properly. Any erro

Vera_Pavlovna [14]

Answer:

Indicating whether the expenditure should be capitalized or expensed in the period incurred:

a. Improvement = capitalized

b. Replacement of a minor broken part on a machine = expensed

c. Expenditure that increases the useful life of an existing asset = capitalized.

Explanation:

The expectation of costs producing an economic benefit beyond the current year or within the normal course of an operating cycle determines whether to capitalize or expense the costs. When an item of expenditure is capitalized, it means that the expense recognition is delayed. When the cost is expensed, it is treated as an expense in the income statement, whereas a capitalized cost is taken to the balance sheet, with only the depreciation expense portion recognized as expense for the period.

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3 years ago