When a new partner is admitted to a partnership, the old partnership is dissolved and the capital relationships among the partners are altered
Indicate whether the statement is true or false
true
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Answer the following statements true (T) or false (F)
1. If a marketing person reports to both the vice president of marketing and also to the project manager for the Ford Mustang, she works in a network organization. 2. A functionally organized company can also use cross-functional teams to work on particular problems. 3. A hollow structure is often called a network structure. 4. Bombardier builds eight-passenger business jets from 12 separately sourced portions which can be put together in four days. This firm has a modular organizational structure.
A contract to do something that is prohibited by statutory law is void
a. True b. False Indicate whether the statement is true or false
Common-sized balance sheets
A) show each balance sheet account as a percentage of total assets. B) show each balance sheet account as a percentage of total sales. C) show data for companies in the same industry. D) show data for companies with approximately the same amount of assets.
Many lenders use the 28/36 rule in evaluating mortgage applications. If your mortgage payment itself is 28% of your gross income, that means that the remainder of your monthly debt must be ________% or less
A) 6 B) 7 C) 8 D) 28 E) 36