A single-purpose card is a credit card that can be used only at a specific company
Indicate whether this statement is true or false.
Answer: TRUE
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Norr and Caylor established a partnership on January 1, 2017. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. For both partners, the beginning capital balance was to equal the initial investment. Norr and Caylor agreed to the following procedure for sharing profits and losses:- 12% interest on the yearly beginning capital balance- $10 per hour of work that can be billed to the partnership's clients- the remainder divided in a 3:2 ratioThe Articles of Partnership specified that each partner should withdraw no more than $1,000 per month, which is accounted as direct reduction of that partner's capital balance.For 2017, the partnership's income was $70,000. Norr had 1,000 billable hours, and
Caylor worked 1,400 billable hours. In 2018, the partnership's income was $24,000, and Norr and Caylor worked 800 and 1,200 billable hours respectively. Each partner withdrew $1,000 per month throughout 2017 and 2018.Determine the amount of net income allocated to each partner for 2018. (Round all calculations to the nearest whole dollar.) What will be an ideal response?
Large quantities of office supplies have been disappearing at Acme Global. Leticia is convinced that her employee Jorani is behind the thefts because she once ran into Jorani at the bank and saw her using a pen like the ones in the office. Leticia calls Jorani to her office and tells her she is being suspended for a week without pay because of the thefts. The discipline of Jorani appears to violate which Just Cause test?
A. Upon investigation, was there substantial evidence or proof that the employee was guilty as charged? B. Was the degree of discipline administered by the company in a particular case reasonably related to the seriousness of the employee’s proven offense and the record of the employee’s service with the company? C. Did the company give the employee forewarning or foreknowledge of the possible or probable disciplinary consequences of the employee’s conduct? D. Has the company applied its rules, orders, and penalties evenhandedly and without discrimination to all employees?
In the “Entrepreneurship in Action” case study, what source did they enlist to design the new safety product?
a. safety engineers b. helmet manufacturers c. professional cyclists d. their college professors
Organizational strengths or abilities, developed over a long period of time that customers find valuable and competitors find difficult or impossible to copy are ________
Fill in the blank with the appropriate word.