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attashe74 [19]
3 years ago
12

Violet, William, and Xavier are partners in a partnership that sells medical devices. Violet and William each contributed $100,0

00 to the partnership. Xavier contributed $300,000 to the partnership. The partners vote on whether or not to purchase a new $100 machine. Violet and William support the purchase. Xavier opposes the purchase. Unless the partnership agreement states otherwise, the partnership will a. not purchase the machine because partnership decisions in management matters always require a unanimous vote b. purchase the machine because the support of one partner is required for the partnership to commit itself to a given action c. not purchase the machine because Xavier's interest in the partnership exceeds the interest of Violet and William combined d. purchase the machine because each partner has one vote in management matters
Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

d. purchase the machine because each partner has one vote in management matters

Explanation:

Since in the question it is mentioned that the partners vote whether or not to buy a new machine for $100 so the violet and William would agree on this but Xavier does not agree

Now according to this situation the machine should be purchased as each partner vote is necessary also there is a majority of 2 person to buy the machine

hence, the option d is correct

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One of your customers has just made a purchase in the amount of $12,000. You have agreed to payments of $290 per month and will
34kurt

Answer:

It will take 51 months.

Explanation:

As we know the constant payment of $290 monthly is the annuity payment to pay $12,000 with interest rate of 0.84% per  month. The Number of Months can be calculated by following formula.

Loan amount = PV = $12,000

Rate of interest = r = 0.84 %

Monthly Payment = P = $290

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

$12,000 = $290 x [ ( 1 - ( 1 + 0.84% )^-n / 0.84% ]

$12000 x 0.84% / $290 = 1 - ( 1 + 0.84% )^-n

0.347586 = 1 - ( 1 + 0.84% )^-n

0.347586 - 1 = - ( 1 + 0.84% )^-n

-0.652414 = - ( 1 + 0.84% )^-n

1 / 0.652414 = 1.0084^n

1.532769 = 1.0084^n

Log 1.532769 = n x log 1.0084

n = Log 1.532769 / log 1.0084

n = 51

6 0
3 years ago
A manager recently instituted a required retraining program to attempt to increase output by employees with out any additional i
Vadim26 [7]

Answer:

Nominal labor productivity

Explanation:

Nominal labour productivity because output per worker rises due to increase in human capital. It is also defined as the value of all goods and services produced less the value of any goods or services used in their creation.

7 0
3 years ago
Smart Watch Company reported the following income statement data for a 2-year period.
Ronch [10]

Answer and Explanation:

a. The preparation of the correct income statement is as follows:

<u>Year                                   2019                      2020 </u>

Sales revenue                $220,000               $250,000

Cost of goods sold

Beginning inventory       $32,000                 $38,000

Add: Costs of goods

purchased                       $173,000               $202,000

Cost of goods available for sale $205,000     $240,000

Less: Ending inventory   -$38,000                    -$52,000

($44,000 - $6,000 )

Cost of goods sold           $167,000                  $188,000

Gross profit                       $53,000                   $62,000

b. The cumulative effect is

Incorrect gross profit = $59,000 + $56,000 = $115,000

Correct gross profit = $53,000 + $62,000 = $115,000

Net effect would be zero

8 0
3 years ago
The following is a partial trial balance for the Green Star Corporation as of December 31, 2018: Account Title Debits Credits Sa
ivanzaharov [21]

Answer:

Multiple-step income statement for 2018.

Sales revenue                                                                  1,300,000

Cost of goods sold                                                           (720,000)

Gross Profit                                                                        580,000

Less Operating Expenses :

Gain on sale of investments                          50,000

Selling expenses                                          (160,000)

General and administrative expenses         (75,000)      (185,000)

Operating Profit                                                                  395,000

Less Non - Operating Expenses :

Interest revenue                                            30,000

Interest expense                                          (40,000)

Income tax expense                                   (130,000)      (140,000)

Net Income / (Loss)                                                           225,000

Explanation:

The Multi-step Income statement shows separately Profit derived from Primary Activities (Operating Profit) of the company against profit and the profit derived from the Secondary Activities (Net Profit) of the company.

5 0
3 years ago
The most important elements in a business model include all of the following except: A. Selecting a growth strategy B. Verifying
worty [1.4K]

Answer:

Option A    

Explanation:

In simple words, business model refers to the strategy for creating a profit for a product. This defines the goods or services that the company is trying to offer, the intended audience that it has defined as well as the costs it plans.

A creative technology company must include a business plan, if only to draw funding, help it retain talent, and inspire leaders and managers. Established companies frequently have to review and revise their operating strategies, or struggle to predict emerging developments and obstacles. Investors will study and analyse the corporate strategies of all businesses that are involved in them.

Choosing a development procedure for growth is not really a part of a business framework, but a point of performance of the growth model. Other choices specifically address which kind of goods should be selected in a company with which specific market group and how you'd like to benefit from your package's particular quality.

4 0
4 years ago
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