A general partner in a limited partnership must obtain consent from the limited partners before:
A) admitting a new general partner
B) admitting a new limited partner.
C) selling all the partnership assets.
D) all of the above require consent from the limited partners.
D
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The Fortune Company reported the following income for Year 2: Sales$133,000? Cost of goods sold 81,500? Gross margin$51,500? Selling and administrative expense 18,000? Operating income$33,500? Interest expense 5300? Income before taxes$28,200? Income tax expense 8460? Net income$19,740? What is the company's number of times interest is earned ratio?
A. 5.3 times B. 3.7 times C. 6.3 times D. None of these answers is correct.
What is the LIFO conformity rule?
What will be an ideal response?
From a customer's perspective, what is defined as a ratio of the bundle of benefits a customer receives from an offering, compared to the costs incurred by the customer in acquiring that bundle of benefits?
A. Exchange B. Value C. Power D. Strategy E. Sustainability
The Robinson-Patman Act was passed in 1936 and
A. made the practice of price fixing illegal. B. was designed to protect consumers from false advertising practices. C. requires sellers to charge everyone the same price for a product. D. established the Federal Trade Commission. E. established maximum rates for tariffs on imports and exports.