Answer:
•Jayaram is a Limited partner
•Jeevan is an active partner
Explanation:
•A limited partner also known as a silent partner is a partner who does not partake in the day to day running of the business. He only provides capital to the running of the business hence his liability is limited to the amount invested in the business.
Asides providing capital and not being active in the management of the business activity, he can be of help by providing business contact that would bring progress to the business and also give business advice where and when necessary.
• An active partner is a partner who provides capital and also oversees the daily activities of the business. He is a very important partner because of his involvement in the business affairs hence has more liability unlike the limited partner. An active partner's action can make or mar the business because of the influence he has over the business.
Answer:
$5,775
Explanation:
The computation of the interest payment is shown below:
= Note payable amount × rate of interest × number of months ÷ total number of months in a year
= $110,000 × 9% × 7 months ÷ 12 months
= $5,775
We simply multiplied with the note payable , interest rate, and the given number of months to find out the interest expense
And, the seven months is calculated from June 1, 2013 to December 31, 2013
Answer:
Sales Careers and Examples
Example Career
2. Channel Sales Manager (CSM) Sales Management and Support
4. Route Sales Representative Order-Takers
8. The Key Account Manager Missionary Salespeople
Explanation:
Fives Sales Job Categories:
(1) New business salesperson identifies prospects and sells to them.
(2) Order-taker fulfills orders without trying to acquire new ones.
(3) Missionary salespeople do not make actual sales but initiate the process with decision-makers.
(4) Sales management and support render management and support services to salespeople.
(5) Others include salespeople who do not fall into the above categories.
Answer:
monopolistic competition
Explanation:
An increase in competition, decreases the firms share of market and hence qty supplied will fall and will lead dis-economies of scale.
This will lead to the price increase.
An increase in population, would lead to higher qty demanded, given share of the firm and competition, production costs will fall.
In a Business Day survey of 13 economists, the consensus forecast was for the consumer price index (CPI) to have increased 6.3% year on year in June.