answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
S_A_V [24]
2 years ago
8

According to the Uniform Partnership Act, the three key elements of any general partnership are

Business
1 answer:
Anon25 [30]2 years ago
4 0

Answer:

(2) Common ownership, shared profits and losses, and right to participate in managing the operations.

Explanation:

Partnership refers to a mutual agreement between 2 or more individuals agreeing to carry out a business and to share it's profits and losses in an agreed ratio or as per the clauses in partnership deed.

Uniform partnership act regulates partnership agreements in majority of United States. The act also allows remaining partners after dissolution to continue the partnership if majority of them desire to do so.

Under the act, Partnership is characterized by common ownership of assets and liabilities by all partners, sharing of partnership profits and losses and equal rights to participate in managing the operations of the partnership.

You might be interested in
During July, the cost of goods manufactured at Xxis Corporation was $70,000. The beginning finished goods inventory was $19,000
JulsSmile [24]

Answer:

The cost of goods sold =  $74,000

Explanation:

<em>Cost of goods sold is computed as</em>

<em>Opening stock + production- closing inventory</em>

<em>The figure is always subtracted from the sales revenue to determine the gross profit</em>

The cost of goods of XXis Corporation

Cost of goods sold = 19,000 +  70,000 - 15,000

 = $74,000

The cost of goods sold =  $74,000

5 0
2 years ago
Pabon Corporation makes one product. Budgeted unit sales for August and September are 11,100 and 12,600 units, respectively. The
AleksAgata [21]

Answer:

$555,750

Explanation:

First we need to calculate the units produced in the month of August.

We know that the opening inventory of finished goods is equal to 40% of that month's sale.

  • The Opening inventory of August will be: 11100 * 0.4 = 4440
  • Units produced in august relating to August sales will be 11100 - 4440 = 6660
  • Units produced in August relating to September's sales will be 12600 * 0.4 = 5040
  • Total units produced in August = 6660 + 5040 = 11700 units
  • labour hours required for August = 11700 * 2.5 = 29250 direct labor hours
  • So, Direct labor Cost = 29250 * 19 = 555750

7 0
2 years ago
Jane is preparing a CMA for a seller’s property. She chooses three comparables and makes the adjustments to take into account ea
Inessa05 [86]

Answer:

Jane will arrive at an estimate of the value of her seller’s property by calculating the average for the 3 comparable adjusted values that she has obtained.

This means that the value of the property should be around $292,167.

Explanation:

a) Data and Calculations:

Adjusted values of:

Comparable 1 = $289,500

Comparable 2     295,700

Comparable 3      291,300

Total values =   $876,500

Average value = $292,167 ($876,500)

b)A comparative market analysis (CMA) is a series of steps followed to estimate a property's value based on some recently sold and similar properties at same locations as the property being offered for sale or purchase.  It is used by the real estate agents and brokers to create their CMA reports, which help the real estate sellers to set the best listing prices for their properties.  It is also used by buyers to help them make competitive offers for homes on sale.

4 0
1 year ago
Calvin and Hobbes run a company that sells wallet chains and wallet decals. Calvin is faster at making decals than chains, and H
Yakvenalex [24]

Answer:

Company output will be maximized if Calvin makes all the decals and Hobbes makes all the chains.

-Calvin has a comparative advantage for making decals.

-Hobbes has a higher opportunity cost for making decals than Calvin.

Explanation: Each partner should focus on the task where he has a comparative advantage.

In the situation of Calvins: if someone has a comparative advantage in producing something, that means he also has a lower opportunity cost in practicing that object.

In the situation of Hobbes: if he has a higher opportunity cost for making decals, then Calvin has a lower opportunity cost for making decals.

6 0
2 years ago
Read 2 more answers
When bringing to market a new product like the MotorolaOne Zoom, the actual product launch takes place in the __________________
AnnZ [28]

Answer:

Option E: Commercialization

Explanation:

The marketplace is simply dynamic and undergoes different changes and the demand rate for products is also do change. Companies evaluate their already made or existing product line, update it and tries to fit into the standard of their consumers.

In the new product development strategies, companies makes a unique new product development strategy to limit the overuse of time and resources through the method of, organize planning and research, understanding what customer really want thereby definitely resourcing of the said project.

In commercialization, it entails the new product launching procedures (processes). It usually needs heavy promotion and product distribution throughout the network.

6 0
1 year ago
Other questions:
  • Cassandra is 80 years old. Last month, she broke her leg while biking with her grandchildren. She was admitted to a hospital for
    5·2 answers
  • Driving his motorcycle negligently, joe crashes into a streetlight. the streetlight falls onto kim, who is standing nearby, resu
    14·1 answer
  • ​________ is a​ marketer's tool in assessing products in terms of suitability for a market.
    14·1 answer
  • As the tasks of organizations become increasingly complex, the organization inevitably must be subdivided—that is, departmentali
    5·1 answer
  • On January 1, 2016, Yukon Company agreed to grant its employees two weeks vacation each year, with the provision that vacations
    6·1 answer
  • The Hatfields and the McCoys both earn $50,000 per year in real terms in the labor market, and both families are able to earn a
    6·1 answer
  • The Fisher effect states that Group of answer choices any forward premium or discount is equal to the actual change in the excha
    7·1 answer
  • A ____________ encompasses all activities associated with the flow and transformation of goods from the raw material stage, thro
    12·1 answer
  • Andy tells Ervin and Marina that everyone will lose their jobs if the company goes out of business, whether they have guild prot
    11·1 answer
  • easure of Damages. Before buying a house, Dean and Donna Testa hired Ground Systems, Inc. (GSI), to inspect the sewage and water
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!