You form a partnership with your best friend. You have contributed 65% of the capital and can claim 65% of the net income. At the end of the first year, you discover that your partner has run up $40,000 in debt using the business' credit card. The maximum you could be liable for is:
A. $26,000.
B. $20,000.
C. $0.
D. $40,000.
Answer: D
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The member of the buyer center who actually utilizes items after they are purchased is the:
A) user B) influencer C) decider D) gatekeeper
In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be:
A. lower than its minimum position. B. equal to the buyer's minimum position. C. higher than its target position. D. equal to its target position. E. lower than its target position.
Suppose a management accountant becomes aware that a poor judgment he or she made has resulted in the loss of one of the company's clients. Is the accountant bound to share this information with the company? (The accountant doubts that the company will ever find out about it directly.)
A) The management accountant is bound to respond honestly to inquiries regarding the adequacy of professional judgments but is not bound to communicate them if not directly asked. B) The management accountant is bound to communicate this error in judgment only if another client cannot be found. C) The management accountant is not bound to communicate this error. D) The management accountant is bound to communicate unfavorable and favorable judgments made, even if not directly asked.
An employee who earns tips must be paid minimum wage, excluding the income from tips
Indicate whether the statement is true or false