Disagreement between the partners during operation can result in:
a. Dissolution or reorganization of the business.
b. sale of the business to a third party.
c. one partner buying the other's assets.
d. the admission of a new partner.
A
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At an interest rate of 4 percent, what would be the present value of receiving $4,000 four years from now?
A) $3,420 B) $3,637 C) $3,704 D) $3,847
The fiscal year
A. Is the 12-month period used for federal government accounting purposes. B. Is the period during which the government must balance the budget. C. Begins in January for the federal government. D. None of the choices are correct.
In larger markets, the quest for profit by firms motivates them to be innovative and produce new and more appealing products.
Answer the following statement true (T) or false (F)
If the price of apples goes down, then the demand for pears will
A) increase, assuming apples and pears are substitutes. B) decrease, assuming apples and pears are substitutes. C) decrease, assuming apples and pears are complements. D) remain constant, assuming apples and pears are related goods.