Answer:
C. The termination of the firm's legal existence.
Explanation:
General partners are individuals, two or more , who come together to own a business and controls daily activities of the business. Each member has unlimited liability and their action can legally bind the activities of the business. They share profit and losses equally.
According to fact pattern 27-3, if the partners agree to dissolve one of their business line- equity lending as in the case above and the company's assets are shared among the partners, it would result in the termination of the firm's legal existence.
Once there is a breach by any of the partners as contained in the partnership agreement and the partner's asset shared, that is dissolution. The partnership business has therefore been terminated legally and cease to exit.
Answer:
60,120 units
Explanation:
The computation of the production units is shown below:
Production units = Projected sales units + ending inventory units - beginning inventory units
= 58,900 machines + 7,310 units - 6,090 units
= 60,120 units
We simply added the ending inventory units and deduct the beginning inventory units to the projected sales units so that the correct amount could come
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
Consumers should be concerned about high interest rates because high interest rates equals to higher interest/ more money that needs to be paid.
Cost of goods sold=
beginning inventory+purchase-ending inventory
cost of goods sold
=6,500+21,500−8,500
=19,500
