The basis on which profits and losses are to be shared between partners is
a. a matter of agreement between the partners.
b. the same as their investment ratio.
c. the same as their withdrawal ratio.
d. always equal between all partners.
a
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A loan consolidation may be used to stretch out payments on student loans
Indicate whether the statement is true or false.
The shares of Home Mortgage Corporation are publicly traded in securities mar¬kets. Home Mortgage Corporation is
a. aclosecorporation. b. a privately held corporation. c. a public corporation. d. a publicly held corporation.
A party can challenge an administrative regulation as so irrational as to be arbitrary and capricious.
Answer the following statement true (T) or false (F)
Rokosz Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $104. Budgeted unit sales for October, November, December, and January are 6,900, 7,100, 11,300, and 15,300 units, respectively. All sales are on credit. b.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c.The ending finished goods inventory equals 20% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound. e.The direct labor wage rate is $23.00 per hour. Each
unit of finished goods requires 2.5 direct labor-hours. The estimated direct labor cost for November is closest to: A. $182,620 B. $456,550 C. $19,850 D. $320,000