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3 years ago

General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False

1 answer:

5 0

General partners do not have to obtain approval to run the business which means that this statement is <u>FALSE</u>.

In a Limited Partnership:

The limited partners are not involved in the running of the business
The general partner makes all the relevant decisions involved in running the company

The general partner therefore, does not have to take permission from the limited partners to manage the business. The limited partners have limited roles with one of them being that they do not run the business.

In conclusion, this statement is false.

<em>Find out more at brainly.com/question/12006026. </em>

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You have been at fault in your second accident in six months. your insurance company is going to increase your annual premium by

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Your adjusted premium based on a current annual premium of $975, increased by a 28% penalty for being at fault in the second accident in six months, is <u>$1,248</u>.

<h3>What is the annual premium?</h3>

The annual premium is the amount that a policyholder pays to the insurance company for a one-year insurance policy.

The annual premium helps to guarantee payment of indemnity when the covered events occur.

This implies that the annual premium is a periodic contribution that helps in the pooling of risks by the insured to help the insurer meet its indemnity obligations.

<h3>Data and Calculations:</h3>

Current annual premium = $975

Increase in annual premium = 28%

Adjusted premium = $1,248 ($975 x 1.28)

Thus, the adjusted premium based on a current annual premium of $975, increased by a 28% penalty for being at fault in the second accident in six months, is <u>$1,248</u>.

Learn more about the annual premium at brainly.com/question/25280754

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A firm is analyzing two possible capital structureslong dash30 and 50 percent debt ratios. the firm has total assets of $5,000,

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3 years ago

A production function is a relationship between:____.a. inputs and profit. b. inputs and quantity of output. c. inputs and reven

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Answer:

b. inputs and quantity of output

Explanation:

A production function is a relationship between inputs and the quantity of output. In other words, it is the entire production process that goes into creating a product. This includes the specific materials that need to be inputted into the process in order for the output to be exactly as needed in order for the product to come out as desired and the right quantity. Thus, creating a relationship between input and output

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3 years ago

A firm that is committed to keeping manufacturing facilities in only the home country (and not developing multiple production si

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3 years ago

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Answer:

$9,000

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This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.

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