Reference no: EM131389304
Adam, Stanley, and Rosalind formed a partnership in State X to distribute beer and wine. Their agreement provided that the partnership would continue until December 31, 2013. Which of the following events would cause the ABC partnership to dissolve? If so, when would the partnership be dissolved?
a. Rosalind assigns her interest in the partnership to Mary on April 1, 2011.
b. Stanley dies on June 1, 2013.
c. Adam withdraws from the partnership on September 15, 2012.
d. A creditor of Stanley obtains a charging order against Stanley's interest on October 9, 2010.
e. In 2011, the legislature of State X enacts a statute making the sale or distribution of alcoholic beverages illegal.
f. Stanley has a formal accounting of partnership affairs on September 19, 2012.
|
What are rights and liabilities of the respective parties
: The partnership assets are sold for $400,000 with a loss of $198,000. Liabilities to creditors total $420,000. What are the rights and liabilities of the respective parties?
|
|
Statuses of resources-discovered-undiscovered
: What's the di?erent statuses of resources. discovered, undiscovered, economic,subeconomic? Which ones get used? and what can happen to cause one them tochange to another group?
|
|
Explain the variety of motivational theories and job design
: Motivation is a complex subject, but its understanding and application is central to the success of management and the organization. Imagine that the CEO of your organization (current or past) has tasked you with recommending actions to promote em..
|
|
When and for what purpose are each of these motions made
: Discount Mart, Inc., files a suit in a state court against Elements Computer Corporation, alleging that Elements breached a contract to sell 500 notebook computers to Discount. During the course of the suit. Discount files a motion for judgment on th..
|
|
Which of given event would cause abc partnership to dissolve
: Which of the given events would cause the ABC partnership to dissolve? If so, when would the partnership be dissolved?
|
|
How much economic profit can achieve at each level of output
: How much economic profit can be achieved at each level of output? If price is $10.00, how much will be produced in the short run? Using the price of $4, answer the previous questions. Using the price of $14, answer the previous questions.
|
|
At what volume of sales does the firm break even
: A firm has the capacity to produce 1,000,000 units of a product each year. At present, it is operating at 70 percent of capacity. The firm's annual revenue is $700,000. Annual fixed costs are $300,000, and the variable costs are $0.50 per unit. What ..
|
|
Determine new selling price in order to keep annual profit
: Annual sales of a given product are 8,000 units; the selling price is $8 per unit. Annual fixed production costs are $6,000 and the current annual profit is $18,000. The company is planning to invest to influence the sale of its product. Sales are ex..
|
|
Who is liable in given contention
: While driving a partnership vehicle home from the used car lot, Harris negligently hit a car driven by Cook, who brought this action against Harris and Phillips individually and as copartners for his injuries. Who is liable?
|