A limited partnership provides broader access to sources of capital. Is this statement true? Explain.
Question:
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
Yes the statement is true when made in comparison to a standard partnership In a standard part...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Question Posted:
Students also viewed these Business Law questions
-
A limited partnership was formed consisting of Webster as general partner and Stevens and Stewart as the limited partners. The limited partnership was organized in strict compliance with the limited...
-
Wall Street Technology Partners, LP, was a limited partnership, operating under a 2000 limited partnership agreement. Limited partners made capital contributions on joining the partnership. Under the...
-
Required: (a) Prepare the memo to the partner. (b) Briefly discuss how the following three investor groups would classify and account for their investment: (i) Investor in Limited Partnership units...
-
Explain how the structure of the cash flow statement represents another subsection of the accounting equation.
-
Listed below are recent annual compensation amounts for these chicf executive officers: Mulally (Ford), Jobs (Apple), Kent (Coca-Cola), Otellini (Intel), and McNerney (Boeing). The data are from the...
-
Sergio Lucas worked long hours during the summer and saved enough money to pay his tuition and living expenses to continue his studies at the local university. On September 1, he downloaded from the...
-
Does household education play a role in peoples willingness to hold nonmain-stream views, and is this role a nonlinear one? Use the ANES Nonmainstream Index as your dependent variable and the...
-
1. What are the unique aspects of inventory management in large-scale food services such as ARAMARK's Olympic Games operations? 2. What lean production concepts can Laura apply in the above context?...
-
Number of alternative methods to calculate asset valuation Include, 1.CPPA (Current purchasing power method) 2.CCA (Current cost accounting) 3. CoCoA (continuously contemporary accounting) 4.Fair...
-
We will be working with a company called Global Bike Inc., (GBI). Information regarding GBI follows. Company History Global Bike Inc. has a pragmatic design philosophy that comes from its deep roots...
-
What key factors distinguish the limited partnership from the standard partnership?
-
Why is there less risk for the passive investor when a business venture is organized as a limited partnership, rather than a corporation?
-
Expected value of a new product Jackie Company has just invested $300,000 in the de- velopment of a new product. Management estimates that there is a .75 probability that the product will be...
-
How would you explain the following code in plain English? boxplot(age ~ gender, data = donors) Question 8 options: Make a boxplot comparing gender grouped by age, using the donors dataset Make two...
-
Vision Consulting Inc. began operations on January 1, 2019. Its adjusted trial balance at December 31, 2020 and 2021 is shown below. Other information regarding Vision Consulting Inc. and its...
-
A Jeans maker is designing a new line of jeans called Slams. Slams will sell for $290 per unit and cost $182.70 per unit In variable costs to make. Fixed costs total $68,500. (Round your answers to 2...
-
NAME: Week Two Define Claim in your own words Explain the difference between a discussion and an argument. Summarize the characteristics of a claim (Listing is not summarizing) Define Status Quo in...
-
1.How do you think major stores such as Walmart will change in the future under this new retail renaissance? 2.What are some changes that you would suggest in traditional retail stores to attract...
-
It is often argued that effluent charge may have a regressive effect on income distribution (i.e., lower-income households may end up paying more tax relative to their income). However, some...
-
A Bloomberg Businessweek subscriber study asked, In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often? A second question asked if the type of...
-
Expected Returns. Consider the following two scenarios for the economy, and the returns in each scenario for the market portfolio, an aggressive stock A, and a defensive stock D. a. Find the beta of...
-
The IRS recently completed an audit of Shea's tax return and assessed $15,000 additional tax. Shea requested an appeals conference but was unable to settle the case at the conference. She is...
-
The IRS recently completed an audit of Shea's tax return and assessed $15,000 additional tax. Shea requested an appeals conference but was unable to settle the case at the conference. She is...
-
Juanita, a Texas resident (5th Circuit), is researching a tax question and finds a 5th Circuit case ruling that is favorable and a 9th Circuit case that is unfavorable. Which circuit case has more...
-
44. Dryer Companys policy is to keep 25% of the next month's sales in ending inventory. If Dryer meets its ending inventory policy at the end of April and sales are expected to be 24,000 units in May...
-
What general conclusions can you draw about your companys liquidity, solvency and productivity based on your ratio calculations. Working Capital 2017 = $9,994 M 2016 = $10,673 M Current Ratio 2017 =...
-
Tami Tyler opened Tami's Creations, Incorporated, a small manufacturing company, at the beginning of the year. Getting the company through its first quarter of operations placed a considerable strain...
Study smarter with the SolutionInn App