In which of the following situations would the persons be partners?
A) Aisha and Brantley jointly own shares of the capital stock of a corporation, have a joint bank account, and have purchased real estate as tenants in common. They share the dividends on the stock, the interest on the bank account, and the net proceeds from the lease of the real estate.
B) Aisha and Brantley buy and sell real estate continuously over a five-year period, conducting a business of trading in real estate. They do not consider themselves partners.
C) Aisha, Brantley, and Chenille each inherit an undivided one-third interest in a restaurant and decide to sell it because the market is such that they are assured a good price.
D) Aisha and Chenille take care of each other's children while the other is working.
B
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When Airborne Aircraft acquired Bell Airplanes, the executives of the two companies identified key employees they needed for the combined companies' success. One of them was Patrick, the vice president of engineering. The executives offered Patrick a one-time bonus of $25,000 if he stayed with the company for 12 months following the acquisition. In this scenario, Patrick's $25,000 represents
A. a retention bonus. B. stock options. C. a differential piece rate. D. a commission. E. merit pay.
Cortney invests $80,000 for a 10 percent interest in a partnership that has total capital of $600,000 after admitting Cortney. Which of the following is true?
A) Cortney's capital is $52,000 B) The original partners' capital in the business was $540,000 before admitting Cortney C) Cortney received a bonus of $20,000 D) The original partners received a bonus of $20,000
Kodak markets cameras, film, X-ray film and equipment, printers, motion picture film, and batteries. Kodak is likely to have ________ who coordinate the mix of the product lines
A) brand managers B) product category managers C) venture teams D) communication teams E) market managers
______ provides workers who lose their jobs with continuing subsistence payments from their state for a specified period of time.
A. Welfare B. Social Security C. Medicare D. Unemployment Insurance