One of the advantages of the partnership form of organization is
a. ease of transferring a partnership interest.
b. limited liability for partnership debts.
c. ease of organization.
d. ease of settling disputes among the partners.
C
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If there are many barriers to entry, the threat of new entrants is greater.
Answer the following statement true (T) or false (F)
Why might a board of directors appropriate an amount of retained earnings?
What will be an ideal response?
Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 + 0.25(Sales). All dollars are in millions. What is the projected inventory turnover ratio for the coming year?
A. 2.78 times B. 2.82 times C. 4.35 times D. 3.79 times E. 3.48 times