An association of two or more businesses for a particular business purpose is a:
a. joint venture
b. syndicate
c. S-corporation
d. master limited partnership (LLC)
e. general partnership
b. syndicate
You might also like to view...
After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Boswell, $40,000; Aikido, $60,000; Cooke, $55,000 . Partners share profits and losses as follows: Boswell, 20%; Aikido, 30%; and Cooke, 50%. If Cooke retired and withdrew
$65,000 in settlement of his equity and settlements are allocated according to capital interests, the amount entered in Aikido's capital account would be a a. $4,000 debit. b. $4,000 credit. c. $6,000 debit. d. $6,000 credit.
Ava searched for the two battery-powered ________ after she listened to the weather forecast
a. radioes b. radios
The Mark Fund had a rate of return of 18% last year. If its beta weight was +1.5 and if the return on the overall market was 15%, its risk adjusted rate of return, RAROR, is
A) +19.5%. B) - 3.0%. C) +23.0%. D) + 2.0%.
Operating leverage results from the existence of operating costs in a firm's income stream
Indicate whether the statement is true or false