When a new partner is admitted into an existing partnership, the new partner is

a. liable for all prior debts of the partnership.
b. liable for prior debts up to the amount invested.
c. not liable for any prior debts.
d. none of these.


B

Business

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What factor(s) contribute to full time work outside of the home losing its appeal to mothers?

a. a lack of work life balance due to the “second shift” b. Their partners are able to contribute more financially, allowing them to be able to stay at home. c. Science shows women desire to stay at home to be with their children. d. unequal pay

Business

What is marketing control? List the four types of marketing control

What will be an ideal response?

Business

If variable costs increase by 5% without a corresponding increase in selling price, the number of units needed to breakeven will ________.

A) decrease B) remain the same C) increase D) cannot be determined

Business

Zucchero Sugar, Inc. has six processing departments for refining sugar—Affination, Carbonation, Decolorization, Boiling, Recovery, and Packaging. Conversion costs are added evenly throughout each process. Data from the month of August for the Recovery Department are as follows:


The ending Work-in-Process Inventory is 100% and 85% complete with respect to direct materials and conversion costs, respectively. The weighted-average method is used. How many metric tons of sugar were refined and transferred to the Packaging Department in August?
A) 22,000 metric tons
B) 6000 metric tons
C) 16,000 metric tons
D) 28,000 metric tons

Business