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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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Toussaint Company issued 10,000 shares of its common stock in exchange for merchandise that it will resell. The merchandise had

Aleks [24]

Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

Original cost = $250,000

Fair value = $300,000

Retail value = $520,000

As Share based transaction of the organization record or issued always at fair value for which the goods or services are exchanged.

Here, Fair value is given.

So, the transaction will be recorded at fair value = $300,000

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3 years ago

In order to update a production process, a company can spend money now or four years from now. If the amount now would be $20,00

timama [110]

Answer: $34,980.13

Explanation:

The amount that the company will spend 4 years from now is simply the future value of the amount that it can spend today.

The amount to be spent today is $20,000 so the amount to be spent 4 years from now is the future value of $20,000:

= Amount * (1 + rate) ^ number of years

= 20,000 * ( 1 + 15%)⁴

= $34,980.13

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3 years ago

if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la

dimaraw [331]

Robert M. McMath, would be best for a marketer like Colgate to launch a new consumer product like toothpaste Study past toothpaste product failures and learn from them.

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A product launch involves multiple teams, including sales teams, customer support teams, product teams, product marketing, event management, and even managers. Each team aligns and collaborates to maximize go-to-market potential, building anticipation, interest, brand awareness and momentum in the process. Some product launches are more memorable and successful than others. For example, when Apple releases a new iPhone, it circulates several press releases and articles before unveiling the new design at its annual conference. This creates so much excitement and hype that potential users line up at retail outlets overnight to get their hands on the device.

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1 year ago

Leaf] Leaf, an employee of the California Department of Forestry, insisted on signing inter-office memoranda with his name and t

dusya [7]

Answer: If it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion

Explanation:

The Establishment clause prevent the Congress from having a state religion or honig preference to one religion above another one.

The circumstances that a state law would be permissible under the establishment clause include if it has a secular legal purpose, has a primary effect of neither advancing nor inhibiting religion, and does not foster an excessive government entanglement with religion.

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2 years ago

Joe runs a restaurant. he pays his employees $200,000 per year. his ingredients cost him $50,000 per year. prior to running hi

nikklg [1K]

The cost of running the restaurant is $250000 per year

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3 years ago