How can the presumption of a partnership by profit sharing be overcome?
If someone receives profits from a partnership to repay debts, as wages or rent, as a widow or estate representative, or for the sale of the business' goodwill, the assumption is negated.
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In a simple request for information or action, ________ will get the job done
A) using a direct approach B) using a dramatic approach C) using an indirect approach D) using a tangential approach E) using a persuasive approach
In accounting, $1,000 is generally considered the dividing line between material and immaterial amounts
Indicate whether the statement is true or false
Psychographic data typically are
A) easier to quantify than demographics, but of limited importance. B) computer algorithms that can tell whether consumers lie on market surveys. C) collected regularly by the U.S. Census bureau. D) more complex than demographics and open to more interpretation. E) the basis of demographic data.
The inventory turnover ratio measures the efficiency of the venture in managing its inventory.
Answer the following statement true (T) or false (F)