Answer: These individuals must enter into a <u>limited partnership.</u>
When a partnership has at least one General Partner and one Limited Partner, the partnership is called a limited partnership.
The general partners bear all the risk of the partnership and are jointly and severally liable for the debts of the partnership.
The limited partner contributes funds, but in not involved in the management of the partnership.
As a result he is not personally liable for the debts of the partnership.
However, he is entitled to a dividend by virtue of his investment. The nature of this dividend is defined and the terms are spelled out clearly in the partnership agreement.
Answer:
January 1, 2020
Bonds Payable 1600000 Dr
Loss on Redemption of bonds 36800 Cr
Discount on Bonds Payable 4800 Cr
Cash 1632000 Cr
Explanation:
The redemption of bonds before the maturity usually requires a payment for redemption which is a certain percentage of its face value. It is usually higher than the face value. The above bonds are redeemed at 102 which means at 102% of the face value of the bonds. Thus, the cash paid to redeem the bonds is,
Cash = 1600000 * 102% = 1632000
The bonds have a carrying value, which is the face value less discount or add premium, of,
Carrying value = 1600000 - 4800 = $1595200
If they are redeemed for an amount in excess of the carrying value, they are redeemed at a loss.
The loss on redemption is,
Loss = 1595200 - 1632000 = $36800
When the price of a good increases, the quantity demanded decreases. When the price of a good decreases, the quantity demanded increases.
Answer:
A. Compliance with applicable laws and regulations.
Explanation:
The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to the reliability of internal and external reporting, the effectiveness and efficiency of operations, and Compliance with applicable laws and regulations.
Answer:
C) 0.0 percent
Explanation:
The net return on any investment is what we receive from the investment in addition to the purchase price paid.
In the given instance the investor pays $22.50 per share as an investment cost, to acquire such shares. Number of shares purchased = 500
Now at the end of the period the shares are sold for $21 each
Also the dividend per share received is $1.50
Thus, total return = $21 + $1.50 = $22.50 per share.
This is exact same as that of the investment price.
Thus net return = Total benefits - Cost = $22.50 - $22.50 = $0
Since net return is $0 the value of return in percentage shall also be $0.
