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My name is Ann [436]
2 years ago
13

David, Richard, and Anthony are partners in a law firm under a typical partnership agreement in which each owns an equal share o

f the business. Richard dies suddenly of a heart attack. What will most likely become of the partnership?
Business
1 answer:
notsponge [240]2 years ago
6 0

Answer:

Partnership will most likely be dissolved

Explanation:

Partnership agreement is a type of business agreement with two or more person who come together for business for the sole aim of profit making.It is guided by a set of rules called partnership deeds.

At the death of a partner , the partnership needs to be dissolved  even if it has to be reformed after making adjustments as the situation may require.

The share of the deceased partner will be transferred to the rightful beneficiary who might be considered for a new partnership agreement if interested.

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Aliyah made a payment in the amount of $47.93. She’ll use the check register to record her transaction. What will be her new bal
Svet_ta [14]

<u>Answer:</u> $1295.02

<u>Explanation:</u>

Check register is a book which shows the list of transactions that has taken place using the checking account. Individuals can have a record of these transactions and they can update them when transactions take place. Withdrawals and deposits to the account can be recorded also the transactions which have not yet hit the account can also be recorded.

Check register shows the balance amount that is available in the account and which can be spent by the individual. Aliyah's account has a balance of $1342.95 after her payment of $47.93 she will have a balance of $1295.02.

7 0
2 years ago
Hill Corp. began production of a new product. During the first calendar year, 1,000 units of the product were sold for $1,200 pe
Tcecarenko [31]

Answer:

$88,000

Explanation:

(1,000 units × $100 estimated warranty cost per unit) $100,000

Therefore:

($100,000 - $12,000 actual warranty costs incurred during the first year) $88,000

Liability for warranty costs is recognized when the related revenue is recognized. In a situation were the warranty covers a period longer than the period in which the product is sold, the entire liability for the expected warranty costs must be recognized on the day the product is actually sold.

Therefore in the first calendar year a warranty liability of $100,000 (1,000 units × $100 estimated warranty cost per unit) was recognized. Actual payments for warranty costs reduce the amount of warranty liability recognized. Thus, at the end of the first calendar year, the balance of the warranty liability is $88,000 ($100,000 warranty liability initially recognized - $12,000 actual warranty costs incurred during the first year).

8 0
2 years ago
As a sysadmin, you will find yourself doing business with a variety of third-party vendors. Which of these are likely to be rent
n200080 [17]

Available Options are:

Fax machines

Printers

Smartphones

Video or audio conferencing machines

Answer:

All of the above except Printers

Explanation:

The reason is that printers are very important part of administration work so its more likely that we already have one. However it is possible that we don't have any fax machine, smartphones and video or audio conferencing machines as these are rarely used by the administration. So Printers will not be bought oor rented.

3 0
2 years ago
The economy of Elmendyn contains 900 $1 bills. If people hold all money as currency, the quantity of money is $ . If people hold
Anettt [7]

Answer:

a)    900 dollar as all is M0

b)    900 as the deposit have no multiplier effect

c)    900 as there is no multiplier effect

d) 7,200 taking into consideration the multipler effect from the bank deposit.

e) 4,050 considering the deposit multiplier effect

Explanation:

a; b ; c ) as there is no multiplier effect the quantity of money matches the nominal currency.

d)

M0 (currency and coins) 0

M1 900 / 0.125 =  7,200

e)

currency : 900 / 2 = 450 M0

deposit :

450 / 0.125 = 3,600 M1

Total 4,050

7 0
2 years ago
Charice wants to send an email to her manager. She has some concerns about the work a coworker is doing. Charice has noticed tha
finlep [7]
The approaches would be the best way for Charice to communicate this to her manager is Send an email to her manager requesting a meeting to talk in person about her concerns. Mark the importance level as high. Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.

3 0
2 years ago
Read 2 more answers
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