Downs, Frey, and Vick formed the DFV general partnership to act as manufacturers' representatives. The partners agreed Downs would receive 40% of any partnership profits and Frey and Vick would each receive 30% of such profits. It was also agreed that the partnership would not terminate for five years. After the fourth year, the partners agreed to terminate the partnership. At that time, the partners' capital accounts were as follows: Downs, $20,000; Frey, $15,000; and Vick, $10,000. There also were undistributed losses of $30,000. If Frey died before the partnership terminated ______________.

Answers

Answer 1

Answer: the partnership would automatically dissolve.

Explanation:

A partnership is referred to as an arrangement that occurs when two or more people come together and join the resources that they've together to form a business and share the profits that they make.

Since the partners agreed to terminate the partnership after the fourth year, if Frey died before the partnership terminated, the partnership would automatically dissolve.

We should note that some of the reasons why a general partnerships will dissolve include:

• Withdrawal of a partner

• Death of a partner

• Bankruptcy

Since Frey is dead, the partnership will be dissolved.


Related Questions

Which level of the legal environment oversees intellectual property laws?Which level of the legal environment oversees intellectual property laws?

Answers

Answer:

Intellectual property means the rights to dispose of works, inventions and other results of the process of human creativity, research and thought. These are the various results of more or less original ideas, instructions and solutions. Due to its intangible nature, only what is considered appropriate by the company for protection by law can be considered intellectual property, so it should generally be the results of creation, research or other activities that are sufficiently unique or original. The value of intellectual property rights is usually less difficult to determine than for physical property, it depends mainly on the degree of their subsequent use and benefit for individuals or society and the ability to support further creations.

Although only certain leases are currently accounted for as a sale or purchase, considering all leases to be sales or purchases can be justified theoretically. The principal reason that supports this idea is that______________.
A. all leases are generally for the economic life of the property, and the residual value of the property
B. at the end of the lease is minimal at the end of the lease, the property usually can be purchased by the lessee
C. a lease reflects the purchase or sale of a quantifiable right to the use of property
D. during the life of the lease, the lessee can effectively treat the property as if it were owned

Answers

Answer:

A lease reflects the purchase or sale of a quantifiable right to the use of property

Explanation:

Sale

This is commonly known as the transfer of title, deeds from seller to buyer for a price

Purchase

This is simply defined as the buying of title, deeds from seller for a fixed price.

Lease

This is the transfer of right to possession and use in return for some consideration.

It is als refered to as contractual agreement. This agreement is between a lessor and a Lessee. The lessor gives or conveys the right to use real or personal property or asset while the lessee is the one agrees to pay periodic rents over a time period.

The means of Lease payments include fixed payment, variable payments based on an index, bargain purchase option and guaranteed residual value.

Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates the total number of horse stalls in her market to be 5000, owned by a total potential population of 1500. Currently, there are only two competitors in the market, Allison, who has 650 stalls that she cleans, and Sam's Hayfaring Maneger, that cleans 1,320 stalls. The remainder of the stalls are cleaned by their owners rather than by a service. Allison prices her cleaning services at $12 per stall per month and Sam charges $8 for the same service. Allison's sales are derived from 104 customers while Sam's are from 71 customers, meaning that Sam's customers have more stalls on a per capita basis. What is the market penetration rate based on potential customers

Answers

Answer:

the market penetration rate based on potential customers is 11.66%

Explanation:

The computation of the  market penetration rate based on potential customers is shown below

= Alison + sam

= (104 customers ÷ 1500)  + (71 customers ÷ 1500)

= 6.93 % + 4.73%

= 11.66%

hence, the market penetration rate based on potential customers is 11.66%

We simply added both the Alison and sam so that the market penetration rate could come

If the stock turnover rate for your industry is 3, how many months' worth of inventory should you keep in stock at all times? (a) 2. (b) 3, (c) 4,
(d) 9.

Answers

Answer:

2

Explanation:



Your market value is determined by what you bring to the job.

True
False

Answers

false because it’s false
False if you are in Ed2020

Grant, Inc. acquired 30% of South Co.'s voting stock for $200,000 on January 2, 2015. Grant's 30% interest in South gave Grant the ability to exercise significant influence over South's operating and financial policies. During 2015, South earned $80,000 and paid dividends of $50,000. South reported earnings of $100,000 for the six months ended June 30, 2016, and $200,000 for the year ended December 31, 2016. On July 1, 2016, Grant sold half of its stock in South for $150,000 cash. South paid dividends of $60,000 on October 1, 2016. Before income taxes, what amount should Grant include in its 2015 Income Statement as a result of the investment

Answers

Answer:

$24,000

Explanation:

Calculation to determine Before income taxes, what amount should Grant include in its 2015 Income Statement as a result of the investment

Using this formula

Income Statement=Amount earned during 2015*Interest rate

Let Plug in the formula

Income Statement=$80,000*0.30

Income Statement=$24,000

Therefore Before income taxes, what amount should Grant include in its 2015 Income Statement as a result of the investment is $24,000

An income statement shows the
production of capital. Which of the
following questions would an
income statement answer?
A. What are our expenses?
B. What are we spending our money on?
C. Where are we getting our money?
D. When will the money arrive?

Answers

Answer:b

Explanation:

The average life expectancy of which type of economy is generally very high?
A.
economies with a high HDI and GDP
B.
economies with a low HDI and GDP
C.
economies with a high GDP
D.
economies with a low GDP
E.
economies with a high PPP only

Answers

Answer:

c

Explanation:

im not 100% sure but i think c is the one

How does the WTO promote global free trade?

A. By helping developing countries build their infrastructure
B. By enforcing strict banking regulations C. By creating multilateral trade agreements
D. By providing loans for sustainable development​

Answers

Answer:

C. By creating multilateral trade agreements

Explanation:

The WTO's main aim is to promote free trade by lowering tariffs and other barriers. It does this through agreements negotiated and signed by most of the world's trading nations. And when member countries don't play by the agreed rules, the WTO can impose trade sanctions against them.

Answer:

C. creating multilateral trade agreements

Explanation:

i got it right on my quiz

what will be its effect on trade if business gets expands​

Answers

Answer:

Countries that are open to international trade tend to grow faster, innovate, improve productivity and provide higher income and more opportunities to their people.

Explanation:

Trade is central to ending global poverty.  Open trade also benefits lower-income households by offering consumers more affordable goods and services.

Hope this helped!!!

Which of the following could be considered collateral for a loan? (Select all that apply.)
A. buildings
B. inventory
C. machinery
D. wages

Answers

Option B: inventory

Collateral is simply an asset, such as a car or home, that a borrower offers up as a way to qualify for a particular loan. collateral can make a lender more comfortable extending the loan since it protects their financial stake if the borrower ultimately fails to repay the loan in full.

The biggest risk of a pawn loan is that you can lose your assets if you don't repay the loan. it's especially dangerous if you back your loan with a very valuable asset like your home. It requires you to have valuable assets.

many banks and credit unions offer savings accounts, certificates of deposit (CD) funds, or secured personal loans, which are personal loans secured by your car. for this reason, these loans are sometimes referred to as mortgages. often there is no limit to these types of credits.

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Which of these steps uses a third party as part of the conflict-resolution effort?


compromising

defining the problem

mediation

arbitration

Answers

Answer:

Mediation

Explanation:

Because there is misunderstanding,mediation is done because it is the act of resolving problem( also known as arbitration)

Answer:

mediation and arbitration

Explanation:

got a 100 on my quiz

what is one major disadvantage of corporations compared to other types of business organizations? A. Corporations have more legal liability for owners than other businesses B. Corporations are less likely to have specialized workers than other businesses C. corporations are more complex to start than other businesses D. corporations have a less stable life span than other businesses

Answers

Answer:

C. Corporations are more complex to start than other businesses

Explanation:

APE X got this right

One major disadvantage of corporations compared to other types of business organizations, corporations are more complex to start than other businesses. The correct option is C.

What is a corporation?

A corporation is a legal body that exists independently of its owners. Corporations have many of the same legal rights and obligations as individuals. They have the ability to enter into contracts, lend and borrow money, sue and be sued, hire personnel, own assets, and pay taxes.

Corporations are subject to double taxation and must go through several formalities in order to be formed. A corporation is required to submit a corporate tax return and pay taxes on its profits at the corporate tax rate. Dividends to shareholders are taxed at the shareholder's individual tax rate.

Therefore, corporations are more complex to start than other businesses.

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Which of the following statements is true about the outcomes of high-performance work systems?
A. The outcomes of high-performance work systems include high employee turnover.
B. Sales revenues increase the outcomes of high-performance work systems.
C. Clients are the main force that drives the outcomes of a high-performance work system.
D. The outcomes of each employee contribute to a system's overall high performance.
E. Incentives provided to each employee play a big part in contributing to outcomes.

Answers

Answer:

Explanation:

A

The outcomes of high-performance work systems include high employee turnover.

what are some of the challenges/ obstacles i may face or anticipate starting a donut shop business​

Answers

Answer:

The answer is below

Explanation:

There are various challenges/ obstacles one may face or anticipate when starting a donut shop business​. Some of which include:

1. Location or where to set up shop

2. Acquiring a necessary license

3. Passing quality and health inspection tests.

4. Setting of working hours.

5. Marketing the business

Explanation:

________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. ________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. Company advertising Institutional advertising Pioneering advertising Advocacy advertising

Answers

Answer:

Pioneering Advertising

Explanation:

Pioneering advertising is the advertising campaign of the new product that should compete the single product by having a developed market place. The motive of this type of advertising is that to inform the consumers with respect to the arrival of the new innovation in the product along with the description of its benefits

So according to the given situation it represents the pioneering advertising

The pre-approved amount of money that a bank is willing to lend a credit card holder is the credit __________. A. Balance B. Rating C. History D. Limit

Answers

Answer:

Limit

Explanation:

Answer:

D. Limit

Explanation:

Give least Five (5)components to be means used cumputer system servicing ​

Answers

Answer:

motherboard.

A Central Processing Unit (CPU)

A Graphics Processing Unit (GPU), also known as a video card.

Random Access Memory (RAM), also known as volatile memory.

Storage: Solid State Drive (SSD) or Hard Disk Drive (HDD)

The financial aid packages for three students are shown. Which student will have to repay the least amount?​

Answers

Answer:

Tyler will have to repay the least amount

Explanation:

Tyler (loan = $1400) has the least loan amount  as compared to both Kierra (loan = $2500) and Jaden (loan = $3700). Tyler extract his fees from the financial aid package components.

The smaller the loan, the smaller is the repayment amount. Hence, Tyler will have to repay the least amount

Answer:

Tyler

Explanation:

The reason why is because Kierra has to pay back $ 2,500 if you look at her loan section.  You do not repay Scholarships, grants, and work study.  Next Tyler only has $1,400 in his loan section that is why his is the least.  Lastly Jaden has $3,700 in his loan section so he has to pay back $3,700

Kent works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kent knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kent accepts these disadvantages because free publicity offers the advantage of

Answers

Answer:

The answer is "credibility".

Explanation:

In this scenario, free advertising offers a reputation benefit. When this journal advertises openly, it's also considered reliable by the targeted customers like, it is in news form while charging something. Therefore, Kent finds that improper transmission of time information to be a drawback since it recognizes that its product and company would still be credible.

People are known to have different qualities. Kent accepts these disadvantages because free publicity offers the advantage of Credibility.

Credibility is known to be a characteristic of an individual who is said to be noted by others to be a trusted advisor, believable, and confident as they tend  to show a high level of expertise in a specific field.

A lot of traits are said to be of influential behaviors are known to be linked with with high credibility. Kent acceptance shows that free publicity gives some measure  of Credibility.

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Uh is edge supposed to have blank sections? Proof is below!

Answers

Answer:

nope as long as I remember


Rolando purchases 13 shares of COIN at $325 per share. If he sells the
shares at $365, what is his net gain?
$123
$520
$4225
$4745

Answers

Answer:

$520

Explanation:

13 multiplied by 365 = 4,745.

                                   -

13 multiplied by 325 = 4,225

                                    =520

point) Andrea is a preschool teacher. She works with three- and four-year olds every day from 9am to 3pm. She does not work over the holidays. This is an example of a
traditional career
entrepreneurship
remote worker
non-traditional career​

Answers

Answer:

traditional career

Explanation:

Since in the given situation Andrea who is a preschool teacher and wants to work with 3-4 years old everyday having a shift of 9 am to 3 pm. Moreover, she does not work in the holidays, so this is an example of a traditional career as she is a preschool teacher so it defines the traditional career

Hence, the other options would be incorrect

Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a summary of an individual’s interests and abilities and give a viewer an in-depth understanding of the individual’s personality and creativity
A. Career Portfolio
B. Mission Statement
C. Proprietary
D. Annotation

Answers

Answer:

A)Career Portfolio

Explanation:

Career portfolio can be regarded as digital display of one's professional experience as well as accomplishments. It is usually used in planning, organizing as well as documentation of Educational, skills and work sample. It can be used when applying for jobs and training programs. It gives in-depth information compare to than a resume. It should be noted that Career Portfolio is Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a summary of an individual’s interests and abilities and give a viewer an in-depth understanding of the individual’s personality and creativity.

How do objectives make it more likely that you will reach your goals?
A. Objectives are based on others' experiences.
B. Objectives help guide your career choices.
C. Objectives provide a step-by-step path to success.
D. Objectives are the best way to assess your interests.

Answers

Answer:

C seems the most reasonable

Objectives provide a step-by-step path to success: make it more likely that you will reach your goals. Thus, option C is the correct option.

How to achieve your objectives?

You may achieve your goals by setting realistic goals for yourself to strive toward. The way objectives do this is by outlining specific actions you can take immediately to move closer to your long-term goals. An aim is a specific activity that must be taken in order to accomplish a goal, whereas a goal is a more general, longer-term, achievable conclusion.

Despite being distinct, the two terms are frequently used together when working on a project. This is due to the fact that both are necessary for project planning and execution. It enables you to put your grant's ideas into practice. Setting SMART goals ensures that the project advances, facilitates accountability and scheduling, and informs you of accomplishing what you set out to accomplish.

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Theo, Diana, and Teddy, who work for different organizations, are comparing the diversity makeup of their respective companies. Theo states that in his workplace there are few minority employees and most of them have low-status jobs. In contrast, Diana states that her company values diversity and seeks to fully integrate gender, racial, and minority group members, both formally and informally. Finally, Teddy states that his organization also has a diverse workforce and that it uses affirmative action to manage it, however, he says that most minority employees are placed in similar job positions.
4When Teddy says that the company he works for has a diverse workforce and uses affirmative action to manage it, but that most minority employees are placed in similar job positions, he is describing a organization | I
A) bureaucratic
B) pluralistic
C) multinational
D) multicultural
E) monolithic
Diversity training programs attempt to identify and reduce
A) communication problems.
B) racist employees in the workplace.
C) hate speech
D) hidden biases
E) diversity issues

Answers

Answer:

1 - D) multicultural organization

2 - E) diversity issues

Explanation:

Diversity and equality is a major issue in most of the organizations. The Human resource department needs to maintain equality among all staff so that none of the staff member is demotivated or feels discriminated. In the given scenario the company has multi culture setup in which formal and informal discussions take place.

Bart, Inc., a newly organized corporation, uses the equity method of accounting for its 30% investment in Rex Co.'s common stock. During 20X5, Rex paid dividends of $300,000 and reported earnings of $900,000. In addition: The dividends received from Rex are eligible for the 80% dividends-received deduction. All the undistributed earnings of Rex will be distributed in future years. There are no other temporary differences. Bart's 20X5 income tax rate is 30%. The enacted income tax rate after 20X5 is 25%. In Bart's December 31, 20X5 balance sheet, the deferred income tax liability should be

Answers

Answer:

The right answer is "$9,000". A further explanation is given below.

Explanation:

The given values are:

Rex paid dividends,

= $300,000

Reported earnings,

= $900,000

Investment,

= 30%

Taxable rate applicable,

= 25%

Now,

Throughout the future years, the amount of dividends taxable will be:

= [tex](900,000 - 300,000)\times 30 \ percent[/tex]

= [tex]180,000[/tex] ($)

Dividends received deduction will be:

= [tex]180,000\times 80 \ percent[/tex]

= [tex]144,000[/tex] ($)

then,

Net taxable dividend will be:

= [tex]180,000-144,000[/tex]

= [tex]36,000[/tex]

hence,

Deferred tax liability will be:

= [tex]36,000\times 25 \ percent[/tex]

= [tex]9,000[/tex] ($)

mass communication scenario​

Answers

Answer:

Journalism. the production and communication of news to large audience via mediums such as television, internet and newspaper.

Entertainment. the production and disturbution of television, films and other entertainment such as videos.

sports

events

music

publishing

advertising

marketing

etc........

Which of the following is NOT an example of a revolving account?
a Auto loan
b Visa credit card
c Dillard's store card
d Gasoline company card

Answers

I guess it is c.......
I think its C im not 100% sure sorry

In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. The deadweight loss from the tax is ____________

Answers

Answer:

the deadweight loss from the tax is $125

Explanation:

The computation of the deadweight loss from the tax is shown below:

After tax quantity is

= $750 ÷ $5

= 150 widgets

And, the deadweight loss from tax is

= 0.5 × [$5 × (200 - 150)]

= $125

Hence, the deadweight loss from the tax is $125

The same would be considered and relevant too

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