Alf and Liz set up a partnership to manufacture plastic containers for washing golf balls. They needed $30,000 capital to purchase the machinery
On December 27, Jeff put $30,000 into the partnership for purchasing the machinery on the understanding that he would be a limited partner. Liz was to register the limited partnership but with the New Year and a week's holiday she didn't have an opportunity to do the actual registration until January 15. On January 6, Alf purchased the machinery but decided on an upgraded machine at $50,000. In February, when payments on the machine stopped, the vendor sued Jeff for $25,000, being the balance owing on the purchase contract. In this situation, Jeff would be responsible for which of the following amounts?
A) $25,000
B) $5,000
C) Noting
D) $30,000
E) $12,500
A
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Corporate logos:
A) are unrelated to image but are related to positioning B) help with recall of advertisements and brands C) usually are inexpensive to develop D) increase search time in product purchase decisions
Which of the following budgets needs to be prepared prior to preparing an inventory purchases budget?
A. Sales budget B. Selling and administrative expense budget C. Cash budget D. All of the answers are correct.
A wealthy audience might not appreciate what it means to
a. be a good speaker. b. grow up in poverty. c. be a good listener. d. speak about wealth.
Due to the fact that you are retiring soon, you should consult a financial advisor
What will be an ideal response?