Downs, Frey, and Vick formed the DFV general partnership to act as manufacturers' representatives. The partners agreed Downs would receive 40% of any partnership profits and Frey and Vick would each receive 30% of such profits. It was also agreed that the partnership would not terminate for five years. After the fourth year, the partners agreed to terminate the partnership. At that time, the partners' capital accounts were as follows: Downs, $20,000; Frey, $15,000; and Vick, $10,000. There also were undistributed losses of $30,000. If Frey died before the partnership terminated ______________.

Answers

Answer 1

Answer: the partnership would automatically dissolve.

Explanation:

A partnership is referred to as an arrangement that occurs when two or more people come together and join the resources that they've together to form a business and share the profits that they make.

Since the partners agreed to terminate the partnership after the fourth year, if Frey died before the partnership terminated, the partnership would automatically dissolve.

We should note that some of the reasons why a general partnerships will dissolve include:

• Withdrawal of a partner

• Death of a partner

• Bankruptcy

Since Frey is dead, the partnership will be dissolved.


Related Questions

An increase in the expected rate of inflation: shifts the short-run Phillips curve down. shifts the short-run Phillips curve down. shifts the short-run Phillips curve up shifts the short-run Phillips curve up moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates of inflation. moves us along the short-run Phillips curve to higher rates on unemployment moves us along the short-run Phillips curve to higher rates on unemployment shifts the long-run Phillips curve to the left.

Answers

Answer:

shifts the short-run Phillips curve up

Explanation:

The Phillips curve is a graph that shows the relationship between inflation and unemployment. In the short run, there is an inverse relationship between inflation and unemployment. The Phillip curve submits that high inflation is the cost to pay for economic growth. economic growth is accompanied by low unemployment. In the long run, there is no trade-off between inflation and unemployment.

An increase in expected inflation leads to an upward shift of the Phillips curve in the short run. Unemployment would stay unchanged. While a decrease in expected inflation leads to a downward shift of the Phillips curve

Stagflation in the 1970s have disproved the Phillips curve. Stagflation is when there is high unemployment and high inflation  

Grant, Inc. acquired 30% of South Co.'s voting stock for $200,000 on January 2, 2015. Grant's 30% interest in South gave Grant the ability to exercise significant influence over South's operating and financial policies. During 2015, South earned $80,000 and paid dividends of $50,000. South reported earnings of $100,000 for the six months ended June 30, 2016, and $200,000 for the year ended December 31, 2016. On July 1, 2016, Grant sold half of its stock in South for $150,000 cash. South paid dividends of $60,000 on October 1, 2016. Before income taxes, what amount should Grant include in its 2015 Income Statement as a result of the investment

Answers

Answer:

$24,000

Explanation:

Calculation to determine Before income taxes, what amount should Grant include in its 2015 Income Statement as a result of the investment

Using this formula

Income Statement=Amount earned during 2015*Interest rate

Let Plug in the formula

Income Statement=$80,000*0.30

Income Statement=$24,000

Therefore Before income taxes, what amount should Grant include in its 2015 Income Statement as a result of the investment is $24,000

Gianna and Nadia want to create a cash flow statement. What will this process MOST likely include?

A. They will decide what they will be spending for the next month.

B. They will determine what their total net worth is
.
C. They will record their income and expenses for a month.

D. They will include this statement on their tax return.

Answers

Answer:

c

Explanation:

Answer: They will record their income and expenses for a month.

Which of the following is a true statement?
A
If your credit score is high, you won't have to repay money you owe.

B
You can access your credit report for free once every month.

C
A landlord can access your credit report to decide if you are financially responsible.

D
Your credit score can never increase, only decrease.

Answers

Answer:

c good luck with the answer

Charge cards require the cardholder to pay the full balance each due date.
True
or
False

Answers

I guess it is False.

Suppose the skills needed to perform the work in the two industries are identical, and the supply of labor to the two industries is fixed at 6,000 workers per day. What will be the equilibrium wage, and how many workers will work in each industry?

Answers

Answer and Explanation:

The computation of the equilibrium wages and the number of workers in each industry is as follows:

Since the supply of labor is 6,000

As per the attached graph, the common rate is $8 per hour so if we take 2000 workers in industry A and 4000 workers in industry b  

So, the equilibrium wage would be $8

Hence, the same would be considered and relevant too

why should we respect the life and culture of all people living in the country ?​

Answers

Explanation:

Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.

What is cold Storewhat is cold Store

Answers

Answer:

Explanation:

Cold

Active listening is a process of communication in which the listener engages the speaker by repeating or rephrasing the speaker’s words; the listener may also mirror body language or _____.

apathetic behavior
tone of voice
nervous tics
hand gestures

Answers

Answer: tone of voice

Explanation:

Active listening refers to a process of communication whereby the speaker is engaged by the listener who repeats the words or statements heard.

Active listening involves the individual listening with all his or her senses and giving the speaker all the attention needed.

In active listening, the listener can mirror the body language or the tone of voice of the speaker. Active listening can be either acquired or developed through constant practice.

All of the following are examples of a capital project EXCEPT

a - installing a new computer network system.

b - buying a six-month supply of packaging materials to take advantage of a limited discount.

c - purchasing ships to transport goods overseas.

d - purchasing a supplier company.

Answers

Answer:

c

Explanation:

purchasing ships to transport goods oversees

Answer: buying a six-month supply of packaging materials to take advantage of a limited discount

Explanation: I did the test

pricing is the only element of the marketing mix which gives a)rupee b) cost c) price d) sales revenue​

Answers

A....sorry if I’m wrong

When might the exchange rate affect you most directly?
A. If you eat at pizza hut
B. If you buy a newspaper
C. If you buy a new computer
D. If you travel to another country

Answers

Answer: answer d seem more likly because you   have then traveld to another country

Explanation:

Select the correct answer.

Why do some critics feel that the IMF should not act to influence exchange rates under some conditions?

A.
They believe that wild swings in currency exchange rates are healthy.
B.
They believe that currencies must find their own market levels.
C.
They fear that the IMF may take over the country’s economy.
D.
They fear that politicians may be using the IMF to cover up their actions.

Answers

Answer:

Explanation:

They believe that currencies must find their own market levels.

Rita notices her credit score has gone down. She most likely ________.
A
maxed out her credit cards

B
keeps her debt below 30% of her credit card limit

C
pays the balance on her credit card every month

D
never misses a credit card payment

Answers

a - Rita maxed out her credit cards
A. Cuz I’m smartnndndndmdm try the other one piece of my hair like it just

Give four items of information you would expect to find on a statement of account

Answers

Answer:

An overall balance. This might be positive (if the customer owes you money), negative (if you own them money), or at 0 (if all payments have been settled).

A date range. You might create an account statement that covers a specific month, year, or quarter – or you might want to show every single transaction between you and your customer. Either way, the dates should be clear.

Every transaction made within the specified date range, including sales (paid upfront or on credit), payments, and refunds. You should list the date and value of each transaction.

Document numbers to support each transaction. This might include the numbers from invoices, credit notes, or payment receipts.

Contact details for you and your customer – including company name, address, phone number, or email address.

A currency. This is particularly important if you have customers abroad. Even if you have transactions in multiple currencies, an account statement should only be in one.

I hope i helped! xoxo



In 2016, unemployment in Egypt was 12.5% and in Saudi Arabia, it was 5.7%.

A. Explain one way unemployment may have been measured in the two countries.

B. Why may the unemployment rate be higher in one country than another?

C. Explain what should influence the measures that the Egyptian government should take to
reduce unemployment in the country.​

Answers

Answer:

hi sorry but i need more pionts to post my question because im cheating in online exam and i honestly dont know anything pls dont report or delete im not even in high school well i selected high  school by mistake but im in middle school

Explanation:

why is it so important to check the accreditation of a private higher leaning institution?Explain Three reasons​

Answers

Answer:

Explanation:

Accreditation helps determine if an institution meets or exceeds minimum quality standards. It also helps students determine acceptable institutions for enrollment. Accreditation assists institutions in determining acceptability of transfer credits.

Rumba Dance Hall has offered to buy from Muy Bueno Bakery 100 of its chocolate cakes for $26 each. No variable selling costs would need to be paid, but special packaging of $140 will have to be added. Normally, Muy Bueno sells its cakes at $36 each. Its costs per cake are materials, $11; direct labor, $8; variable factory overhead, $2; fixed factory overhead, $3; and variable selling costs, $3. How much differential profit or loss will Muy Bueno make if it accepts this offer

Answers

Answer:

differential profit = $360

Explanation:

total variable production costs:

materials $11 x 100 = $1,100

direct labor $8 x 100 = $800

variable overhead $2 x 100 = $200

total = $2,100

+

special packaging $140

= total costs $2,240

differential profit = $2,600 - $2,240 = $360

You are employed by a bank with the title financial adviser. In your capacity at the bank, you are required to hold a general securities registration in order to provide information on securities and to process orders. Your sponsoring broker-dealer is an affiliated firm owned by the bank holding company that also owns the bank you work for. A client comes to the bank seeking advice on certificates of deposit offered by the bank as well as mutual fund investments. Under the Uniform Securities Act, which of the following choices BEST describes what you are allowed to do when giving advice to the client?

- You are not allowed to advise the client since the bank is not an investment adviser
- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser
- You may give the client advice only on the mutual funds since certificates of deposit are governed by banking rules and you are registered with a broker-dealer
- You may not give advice on the certificates of deposit since the bank is not a registered investment adviser

Answers

Answer:

- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser

Explanation:

According to the uniform securities act, the following describes that you are permitted to do at the time when you are giving suggestions to the client

As we know that the broker or dealer as the case may be & the bank would not be included in the investment advisor definition

iSo the same would be considered for the given situation

Hence, the second option is correct

Which of the following is true of an unsecured loan?

A. They are exclusively for cars, houses, and other large purchases
B. Collateral could be collected by the lender if the debt is not paid
C. They never have any interest added onto them
D. Items of value that the borrowers owns are not at risk of repossession

Answers

Answer:

B

Explanation:

The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.

The unsecured loan is the type of loan in which there is no need for any type of collateral property.

The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.

Examples are:

Personal loans.Students loans.Credit cards.

The following information related to unsecured loans is

It does not for cars, houses, or any other large purchasesIn this, the collateral does not involve.It contains high interest.

Therefore we can conclude that,  option d is correct.

Learn more about the unsecured loan here: brainly.com/question/8347317

Dave works as a traveling pharmacist. He does not work at one pharmacy but fills in all over the country whenever another pharmacist needs a day off. This is an example of a(n)
traditional career
entrepreneurship
remote worker
non-traditional career​

Answers

Answer:

non-traditional career​

Explanation:

The non-traditional career refer to the job where the job could be filled from one gender. According to the Labor US department it means the occupation where the one gender would compromise for lower than 25% of the employed individuals in such occupation

Since in the given situation dave does not work at one pharmacy but want to fill in over the country in the case when the other person needs a day off

So this represent the non-traditional career​

does adrian loves marrinatte

Answers

YES HE DOES!

You can tell by the way he looks at her

Answer:

yes

Explanation:

What advantage is there for a company to offer products at prices below actual market value? Multiple choice question. It maximizes profits for the company under any market conditions. It keeps the level of production low so the company will not be overwhelmed with orders. It circumvents the experience curve effect. Customers are more likely to try the product because they are not risking as much money.

Answers

Answer: Customers are more likely to try the product because they are not risking as much money.

Explanation:

Many market have competition, despite customers want the best for their money, they still want the best various prices especially that which is a bit lower, so they know they are not spending much but also getting the best. Some organization would want to sail their market either when entering the market or when they are experiencing a low sales, they now consider reducing the price of their items, in this case, customers would consider them because they are not spending much money

As the level of economic integration increases, trade barriers _____. The cost of doing business goes down for producers, and consumers ______ for goods and services.

options for first space: decrease, increase, remain the same
options for second space: pay more, pay less, pay the same

Answers

Answer:

increasepay more

this is because of the rise in products

Answer:

1. decrease

1.increase

by which process is the glucose absorbed​

Answers

Glucose and galactose are absorbed across the apical membrane by secondary active transport (along with Na+) through the Sodium-Glucose cotransporter (SGLT1). Both glucose and galactose exit the cell via GLUT2 receptors across the basolateral membrane into the blood.

Glucose is absorbed into the small intestine

what is the median of 0,9,6,4,2​

Answers

Answer:

I think the answer is 3 or 5

Explanation:

hope everyone is healthy

Gemma and Li are both managers at Yang Accounting, a large accounting firm. Each has a very different management style. Gemma is very outgoing and constantly checking on her subordinates to see if there is any way she can help them to complete their projects. She also brings in fresh flowers for the lunchroom weekly and always remembers everyone's birthday. Li is much more introverted and communicates with his subordinates mainly through email, and he has his subordinates submit daily reports on their progress toward the weekly goals he has assigned them.
A. transformational leader
B. path-goal leader
C. task-oriented leader
D. servant leader
E. people-oriented leader

Answers

Answer:

Gemma is a people oriented leader whereas Li is a task oriented leader.

Explanation:

Gemma is good with people and the Human resources. He shows empathy towards each employee of the company by helping them and being there with them when they have any doubts or clarifications in the projects.

Li is professional. spends time to himself and cares more about the outcome of their employees work.

A client of yours has heard about private equity investing from some wealthy friends and asks you, the registered representative about it. This customer is age 51 and earns $160,000 per year. He is willing to assume a moderate level of risk in pursuit of higher returns. This customer has a liquid net worth of $450,000 and has a diversified equity and bond portfolio. You should tell the customer that the best way to make a private equity investment is to invest in a(n):
A. Hedge Fund
B. VC Fund
C. REIT
D. BDC

Answers

Answer: BDC

Explanation:

The customer will be informed that the best way to make a private equity investment is to invest in a BDC.

A business development company (BDC) refers to a closed-end fund whereby investments are made in firms that are developing.

Business development companies are publicly traded and gives the investors high dividend yields. BDCs are considered to be good investment due to the fact that they yield high equities.

A patent owner cannot exclude others from _____ his or her invention.

a. licensing
b. selling
c. making
d. improving upon​

Answers

I think it’s D I don’t know if I’m wrong or right but D sounds right

Answer:

D. Improving upon

Explanation:

The average life expectancy of which type of economy is generally very high?
A.
economies with a high HDI and GDP
B.
economies with a low HDI and GDP
C.
economies with a high GDP
D.
economies with a low GDP
E.
economies with a high PPP only

Answers

Answer:

c

Explanation:

im not 100% sure but i think c is the one

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