An agreement between partners will detail the date of the partnership's dissolution, the names of the partners, tax payment obligations, partner rights and duties, and income and loss sharing.
A partnership is a relationship between people who have agreed to split the earnings from a business that all of them, or any of them, act for all of them. Individually, those who have formed a partnership with one another are referred to as "partners," and as a whole, they are referred to as "a firm." The name under which the firm operates is referred to as the "firm name."
The relationship of partnership is based on contract rather than status, hence, for example, members of Hindu undivided families running family businesses as such or Burmese Buddhist husband and wife running businesses as such are not considered partners in such businesses.
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For each of the following activities, identify the flow of dollars as either household-to-firm or firm-to-household.
Activity
Latasha pays a storekeeper $1 for a quart of milk.
Alyssa earns $10,000 from 40% ownership of her family business.
Jake earns $8 per hour working at a fast-food restaurant.
Rosa spends $100 for a plano lesson.
Flow of Dollars
Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.
What does business to household flow refer to?Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.It demonstrates the connections between businesses and households that occur in the product and factor marketplaces. In the diagram, it should be noted that homes and businesses are not connected to one another; instead, they are connected to the two marketplaces.Because of the rising opportunity cost, the production possibility frontier is shaped like a bow.Thus, households and businesses exchange expenditures for products and services, while businesses and households exchange revenue in the form of wages, rent, and profits.To learn more about household flow refer to:
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In an economy with a population of 100 million persons, 40 million hold civilian jobs and 9 million are not working but are looking for a job. The number of persons in the civilian labor force is O 51 million O 60 million O 91 million. O 49 million
There are 49 million civilian workers. Is the best choice.
When the unemployment rate a corresponds the natural unemployment rate, "full employment" is said to exist.
Many parts of the automobile manufacturing process which were actually done by humans are now managed to complete by robots. Employees who were laid off due to the use of robotics have become cyclically unemployed.
If the cyclical unemployment level is negligible, the organic unemployment rate is higher than the overall unemployment rate.
When an individual is capable and willing to work but does not possess a paid job, they are unemployed. The underemployment rate is the proportion of individuals who are employed who are out of work.
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