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Type of Partnerships
There are two main kinds of partnerships. Namely:
Ordinary Partnership - An ordinary partnership is one in which all members have unlimited liability. That is, they are all answerable to all the debts of the firm up to the extent of sale of their personal property.
Limited Partnerships - A limited partnership is one in which the liability of members is restricted to the amount of capital they have invested in the business. In such a partnership, however there must be at least one partner whose liability is unlimited. Limited partners do not participate in the management of the firm. A limited partnership must also register with the registrar of companies. In that case a partnership deed or article of partnership must be drawn up.
Revenue Reserves - Retained Earnings These are undistributed earnings. Those reserves are retained for the given reasons like: A. To create up for the fall in profits so a
Example of Debt Finance An example: Interest = 10% tax rate = 30% The effective cost of debt (interest) = Interest rate (1 - T) = 10%(1-0.30) = 7% Consider comp
Application of Discriminant Analysis Application of Discriminant Analysis to the Selection of Applicants, Discriminative analysis is a statistical model such can be used to ac
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DEFINE THE TERM OPTION IN DETAIL?
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what are the scopes of this study
Following details are related to three companies which are identical except in terms of ''''r''''. Company ABC Ltd. MNC Ltd. XYZ Ltd. Cost of capital 10% 10% 10% Earn per Share Rs
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