If Gerard Koontz retires from being a general partner in a limited partnership, which of the following is true?
A) A member from Mr. Koontz's immediate family is allowed to take his partnership interest.
B) Only the person Mr. Koontz nominates can take his partnership interest.
C) The partnership is dissolved according to RULPA norms.
D) The partnership operates normally without a general partner.
C
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Compute the July 2014 cost of capital (rounded to nearest percent) for an investment center with the following information: Pre-tax operating income for July 2014 $15,500,000 Assets at July 31, 2014 8,200,000 Current liabilities at July 31, 2014 3,200,000 Long-term liabilities at July 31, 2014 2,200,000 Income tax expense for July 31, 2014 5,500,000 EVA 9,500,000
A) 5 percent B) 53 percent C) 10 percent D) 61 percent
Verbal dueling can be mistaken for an argumentative and disagreeable situation
Indicate whether the statement is true or false.
Assume that a company takes 5,000 hours to produce 10,000 units of a product. What is the cycle time?
A) 0.5 units per hour B) 1 hour C) 0.75 hour D) 2 hours E) 0.5 hour
Process X has fixed costs of $10,000 and variable costs of $2.40 per unit. Process Y has fixed costs of $9,000 and variable costs of $2.25 per unit. Which of the following statements is TRUE?
A) The crossover point is approximately 6667 units. B) It is impossible for one process to have both of its costs lower than those of another process. C) Process Y is cheaper than process X at all volumes. D) Process X should be selected for very large production volumes. E) Process X is more profitable than process Y and should be selected.