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2 years ago

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.

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A useful approach for understanding a client's business environment and associated business risks is to perform a PESTLE analysi

DedPeter [7]

Answer:

Business ricks factors for Poultry industry using PESTEL:

Political : Government imposes ban on hormone injections and artificial feeds.

Economic: Demand is high but supply is insufficient causing rise in prices.

Social: People taste changes and they are switched to beef.

Technological: Genetic manufacturing of eggs incurs high cost.

Environmental: Poultry industry creates smell pollution which can affect nearby societies.

Legal: Contract issues and termination of contract can cause industry failure.

Explanation:

PESTEL analysis is widely used in the business to identify the associated risks with the operations. In the pestel analysis all factors are analyzed in detail. Political, economic, social, technological, environmental and legal factors are analyzed in detail and risks associated with these factors are identified to improve business strategies.

8 0

2 years ago

Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so s

Vlad [161]

Answer:

Option (D) is correct.

Explanation:

1.We use the formula:

$A=P(1+\frac{r}{100})^{n}$

where

A=future value

P=present value

r=rate of interest

n=time period.

$A=1,060(1.12)^{2}+ 1,060(1.12)^{1} + 1,060$

$A=1,060[(1.12)^{2}+(1.12)^{1} + 1]$

= 1,060 [1.2544 + 1.12 + 1]

= 1,060 × 3.3744

= $3,576.864

Therefore, the amount of $3,576.864 will Ashley have to buy a new LCD TV at the end of three years.

(b) Future value of annuity due = Future value of annuity × (1 + interest rate)

= $3,576.86(1 + 0.12)

= $3,576.86 × 1.12

= $4,006.08

She will save around $4,006.08

4 0

2 years ago

As the owner of an art gallery with a keen eye for upcoming talent, you find a painting that you feel is sure to net a large pro

pickupchik [31]

Answer:

I would rather sign a contract with talent for a relatively short period say 5 months where I would pay $5000 per month or I would increase the amount paid for the painting to $10000 or $15000

Explanation:

A huge momentarily reward can blind long term gain and during this period.

8 0

2 years ago

Masters Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $38

KATRIN_1 [288]

Answer:

Since the NPV is positive, then the company should buy and install the machine press.

Explanation:

We have to calculate the NPV of the project using the discount cash flow model:

the initial investment = $385,000 (depreciable machinery) + $20,000 spare parts + $3,100 = $408,100

depreciation expense (five year MACRS class)

$385,000 x 20% = $77,000
$385,000 x 32% = $123,200
$385,000 x 19.20% = $73,920
$385,000 x 11.52% = $44,352
$385,000 x 11.52% = $44,352
$385,000 x 5.76% = $22,176

Cash flow year 1 = [($145,000 - $77,000) x (1 - 22%)] + $77,000 = $130,040

Cash flow year 2 = [($145,000 - $123,200) x (1 - 22%)] + $123,200 = $140,204

Cash flow year 3 = [($145,000 - $73,920) x (1 - 22%)] + $73,920 = $129,362

Cash flow year 4 = {[($145,000 - $44,352) x (1 - 22%)] + $44,352} + $3,100 (recovered working capital) + $45,000 (salvage value) + $4,736 (tax credit on impairment loss*) = $175,693

*since the carrying value at the end of year 4 is $66,528 and the salvage value is $45,000, an impairment loss will = $21,528. This will result in lower taxes by $21,528 x 22% = $4,736

the NPV of the project = -$408,100 + $130,040/1.09 + $140,204/1.09² + $129,362/1.09³ + $175,693/1.09⁴ = -$408,100 + $119,303 + $118,007 + $99,891 + $124,465 = $53,566

Since the NPV is positive, then the company should buy and install the machine press.

4 0

2 years ago

The policy makers of Country LT have noticed a steady increase in grain prices over the last several years. The increase in pric

larisa [96]

If I were a policy maker in Country LT, I would create a regulatory policy that allowed the grain producer to make as much in profit as possible, but still protect consumer needs. The company would be required to create various smaller companies, each selling different types and quality of grain for varying prices. This would preserve the ideals of free enterprise, encourage competition within the market, and help to keep food costs down for consumers.

5 0

2 years ago

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