The ________ is a rule which provides that upon the death of a general partner, the deceased partner's right in specific partnership property vests in the remaining partner or partners; it does not pass to his or her heirs or next of kin.
A. probationary taking rule
B. right of survivorship
C. partner participation right
D. survivor protocol
Answer: B
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What is the advantage of an interview over a survey?
A) You have a lower total count for respondents B) It is easier to determine the mean average on responses C) Interviews provide more in-depth answers D) Interviews provide objective based information E) Interviews allow for responses from more subject matter experts
Indicate whether each of the following statements is true or false.Some forms of financial statement analysis involve identifying changes in the same item for the same company over a period of time.Some forms of financial statement analysis involve comparing operations of different companies in the same industry.Vertical analysis is also called trend analysis.Vertical analysis refers to studying the behavior of individual financial statement items over several periods.Horizontal analysis could be done using changes in the absolute dollar amount of an item or trends in percentages.
What will be an ideal response?
The Code has made certain offers irrevocable without the offeree giving any consideration for the promise to keep the offer open. These offers are known as:
a. firm offers. b. manner of acceptance. c. variant acceptances. d. options.
Orbit Airlines is considering the purchase of a new $275,000 maintenance hangar. The new hangar has an estimated useful life of 5 years with an expected salvage value of $50,000. The new hangar is expected to generate cost savings of $90,000 per year in each of the 5 years. A $20,000 increase in working capital will also be needed for this new hangar. The working capital will be released at the end of the 5 years. Orbit's discount rate is 18%. What is the net present value of the new hangar? (Ignore income taxes.)Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $17,020 B. $8,280 C. $9,440 D. $28,280