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Types of Partners
1. General Partners -Unlimited active and liability in participation in partnership activities.2. Limited partners - Limited liability in the management of partnerships does not participate.3. Sleeping partners - has no active role, yet, such a partner will have donated to the capital of the partnership business and will so share in the profits while at a lower proportion in mainly cases.A partnership deed constitutes a legal contract with the partners. The articles of partnerships must enclose eleven clauses.a) Capital contributionb) Profit sharing ratioc) Nature of businessd) Powers of each partner.e) The provision for proper accounts and their audit.f) Rates of interest on both capital and drawingsg) Grounds of dissolution.h) Expulsion procedures.i) Determination of amount payable to outgoing partners.j) Determination of Goodwillk) The arbitration clause.
Identify one each (1) benefit, (2) disbenefit, and (3) monetary cost that would impact each of the following projects: a.A new electrical distribution station in a developing pa
Why are financial institutions heavily regulated, with specific focus on their ability to increase or reduce the money supply?
given profit margin 7%, total asset turnover is 1.94, Return on equity is 23.7%, what is the debt equity ratio
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1. Suppose company A expects to increase unit sales of i-phone by 15% per year for the next 5 years. If you currently sell 3 million i-phones in one year, how many phones do you ex
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In the present case, we need to take a decision about implementing one of the available two options, based on various factors. The available two options are either to complete a se
Internal finance can avoid the agency costs of debt and equity finance. In practice it is the most important source of funding. (a) Discuss potential problems of internal financ
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