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2 years ago

Which of the following is an example of a general partnership?

Business

1 answer:

vesna_86 [32]2 years ago

7 0

Answer:

d. Ken and Paul start a graphic design business together. When Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages.

Explanation:

A general partnership is one where more than two people are involved in the running of a business and each bears an unlimited liability in the obligations of the business.

The partners share profit and losses from the business activities.

The scenario where Ken fails to deliver on a contract with a customer, Ken and Paul are held equally responsible when the customer sues for damages. Is a perfect example of a general partnership.

Both partners share in the loss that results from business activity.

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Sue purchased a 3.5 percent, $100,000 U. S. Treasury bond 6 months ago when the bid quote was 124.1850 and the asked quote was 1

Katena32 [7]

Answer:

The total dollar return on this investment is $1765

Explanation:

The total dollar return on the investment by Sue is a sum of the interest earned by Sue during this period and the profit due to the increase in bid/ask price of the bond.

Interest earned = [(0.035/2) x $100,000] = $1750;

The selling price by Sue today will be the bid quote today and for the purchase price on which Sue bought the bond we will take the asked quote on purchase.

bid quote today = 124.2175

asked quote on purchase = 124.2025

Profit earned on selling = (Bid quote today - Asked quote on purchase) * $100,000

= [(124.2175 - 124.2025) x $100,000] = $15

Total return = $1750 + $15 = $1765

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Answer:

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Answer:

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Answer:

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