Ramiro is dissociated from the partnership he helped form ten years ago. If his partners want to continue the business, what must they do? Does it make any difference if the dissociation was wrongful?
What will be an ideal response?
If Ramiro is dissociated from the partnership, his partners can, by unanimous vote, continue the business. They must, however, buy out Ramiro by paying him the value of his share of the business. The value is the greater of Ramiro's share of the proceeds if the partnership were sold as an ongoing business or if the partnership's assets were liquidated. It does make a difference in figuring the value of Ramiro's share, whether the dissociation was wrongful. If it was wrongful, the partnership can deduct from the amount it owes Ramiro any damages he caused the partnership. He could actually end up owing the partnership money.
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Briefly list the contents of a marketing plan
What will be an ideal response?
What is a stock's market value?
A) The current price of a share of stock in the stock market
B) The average price of one share of stock over the past year
C) The face value of a share of stock, set by the issuing company's board of directors
D) The price of the stock plus the previous year's dividend
E) The monthly average of a stock's price over a year
A revenue account normally has a debit balance.
Answer the following statement true (T) or false (F)
You pay 20% down on a home with a purchase price of $180,000. Your bank will loan the remaining balance of $144,000 at 7% APR. You have an option to make annual payments or monthly payments on the loan
Both options have a 30-year payment schedule. What is the annuity payment under the annual plan? What is the annuity payment under the monthly plan? What will be an ideal response?