All categories

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.

You might be interested in

United Airlines prices its tickets so that it is less expensive to travel between midnight and 5:00 a.m. than during the day, wh

cluponka [151]

Answer:

The correct option is B,demand-based

Explanation:

Demand-based is the pricing strategy of hiking prices at busy at peak periods and charging modest prices at off-peak periods.

The reason for charging higher prices at peak periods the traffic at that time stretches the resources of the business,hence a little extra price is added as contribution towards maintenance of existing facilities and possible upgrade in the near future.

This approach is also known with telecommunication firms such as Vodafone and MTN.

6 0

1 year ago

Taking into account recent technological developments what technical advances do you think are possible in the next twenty years

9966 [12]

Answer:

1. Automation and robotics

2. Hyperloop and autonomous vehicles

3. Smart drones

4. Virtual reality learning

5. Space vacation (tourism)

Explanation:

1. Automation and robotics: This will continue to transform the manufacturing sector in various ways with use of Internet of Things (IoT), learning though data collection and analysis, there will be a general increase in robotic integration.

2. Hyperloop and autonomous vehicles: pneumatic tube that uses a series of linear induction motors and compressors to propel vehicles at super fast speeds. Hyperloop’s technology will be the future of long distance travel in the world. Also, autonomous vehicle technology will become a safer alternative to human driving.

3. Smart drones: The use of drones for delivering parcels, Medicine, Pizza, and all types of goods is receiving large investment from Google, Amazon, Walmart and so on. Drones will be the future of delivering items in future.

4. Virtual reality classrooms and meetings: This is a technological advancement that will provide an engaging and immersive experience in learning and other virtual meetups without leaving ones current environment.

5. Space vacation (tourism): This will give opportunity to the members of the public to buy tickets(return tickets) to travel to the space and probably stay for a given period. With the help of companies like Spacex, Orbital Technologies etc, space tourism is becoming a realistic target.

5 0

2 years ago

The PEN Corporation with a book value of $20 million and a market value of $30 million has acquired the CNC C transaction is a p

larisa86 [58]

I think the answer is B ‍♀️.

8 0

2 years ago

You’ve borrowed $23,072 on margin to buy shares in Ixnay, which is now selling at $41.2 per share. You invest 1,120 shares. Your

BlackZzzverrR [31]

Answer:

(a) Since the percentage margin is more than maintenance margin, there would be no call

(b) A margin call would be received when the price is $15.26

Explanation:

(a) Total investment = $23,072 × $\frac{100}{50}$ = $46,144

Total shares = Total investment ÷ share price

= $46,144 ÷ $41.2 = 1,120

Value of share in market = new price × number of shares

= $41 × 1,120

= $45,920

Value of equity = Value of share in the market - borrowed cash

= $45,920 - $23,072

= $22,848

Percentage margin = Value of equity ÷ Value of shares

= ($22,848 ÷ $45,920) × 100%

= 49.76%

(b) Total number of shares = 1,120

Assumed value of shares = $1,120X

Borrowed fund = $23,072

Value of equity = $1,120X - $23,072

Margin = Value of equity ÷ Value of shares

0.35 = ($1,120X - $23,072) ÷ $1,120X

392X = $1,120X - $23,072

1512X = $23,072

X = $15.26

7 0

1 year ago

Malcolm has several receipts from recent transactions that he entered in his records. The receipts include an ATM receipt for an

Basile [38]

Answer:

The answer is: B) $704.50

Explanation:

The ATM deposit and the paycheck deposit increase the account balance, while the grocery store receipt decreases the account balance.

Malcolm's initial account balance was $0

The ATM deposit adds $80

The grocery store receipt deducts ($25.50)

<u>The paycheck deposit adds $650 </u>

Account balance $704.50

6 0

2 years ago