Which of the following is not a characteristic of a general partnership? Question 24 options: The partnership is created by a contract. Mutual agency exists. Partners share equally in net income or net losses unless an agreement states differently. Dissolution occurs only when all partners agree.
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Question 24 options:
|
The partnership is created by a contract. |
|
Mutual agency exists. |
|
Partners share equally in net income or net losses unless an agreement states differently. |
|
Dissolution occurs only when all partners agree. |
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- Your company has invested $5 million in developing a new product, but the development process isn’t quite complete. You have just learned from your marketing team that other companies have introduced similar products. As a result of this competition, the expected sales of your new product once you have completed development and actually begun production is now just $3 million. Your production team tells you that it will cost another $1 million to finish development and make your product. The decision is now yours: should you give the go-ahead to complete development of the product? Why or why not? In the event that your production team’s cost estimate is inaccurate, what is the most that your company should pay to complete development? Why? Be sure to incorporate (and define) the relevant concept into your answer.Help me pleaseFinancial services are concerned with the duties of the financial manager. The corporate controller is the officer responsible for the firm's financial activities such as financial planning and fund raising. Profit maximization is the main goal of a business organization.
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