The most likely scenario in which someone would take out a short-term loan with a bank is to pay for credit card debt. The short-term loan has less than one year period to be repaid and this loan is usually taken by someone if there is a temporary problem with their cash flow. This loan can also be taken by a company to fulfill their working capital for increasing its sales.
Answer:
TRUE
Explanation:
At the time of capital deficiency and the partner pays the deficit amount using his personal asset, he is therefore entitled to his share in the final distribution of cash. In the event the partner did not pay the deficit amount during the deficiency, the said amount will be deducted by his share before he will be entitled to any excess. A partner that is bound up to his personal asset is the general partner. Limited partners are not liable up to their personal asset and bound only up to their capital contribution provided that they are registered in the articles of partnership as 'limited partner" and they will not take part in the management of the partnership.
Answer:
Option (d) is correct.
Explanation:
If there is an increase in the income taxes then as a result there is a leftward shift in the labor supply curve and we know that labor supply curve indicates the the amount of labor hours workers devoted towards the production of the goods. Hence, this will lead to a reduction in the real GDP as there will be less working hours devoted by the workers because of the higher income taxes.
