Cindy is a sole trader. She is considering forming a partnership with Lora. What is a disadvantage

Question:

Cindy is a sole trader. She is considering forming a partnership with Lora. What is a disadvantage of being a partner?

A. Additional capital is available

B. Additional skills are available

C. Profits are shared

D. Risks are shared

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

See More Books

Question Posted: Sep 16, 2021 01:44 AM

See More Questions

T. Bone is a sole trader and reports the following for the year ended 30 June 20X2: 1. The 20X1 provision for bad debts was 600. 2. The 20X2 provision for bad debts is 840. 3. The motor van was sold...
A. Net is a sole trader and reports the following for the year ended 31 December 20X2: The car that was disposed of during the year was sold for 400, which was lodged in A. Net's bank account....
David Mark is a sole trader who owns and operates supermarkets in each of three villages near Ousby. He has drafted his own accounts for the year ended 31 May 20X4 for each of the branches. They are...
1. Rick and Barbara are married with two children. Four yearsago, Barbara bought a $75,000 life insurance policy on her motherslife and named her children as policy beneficiaries. Barbara didnot name...
How do marketing ethics guide marketing decision making?
Delphi Company has developed a new product that will be marketed for the fi rst time next year. The product will have variable costs of $16 per unit. Although the marketing department estimates that...
A piece of wool is used to charge two plastic spheres. When the spheres are held $200 \mathrm{~mm}$ apart, they repel each other with $7.00 \mathrm{~N}$ of force. If the wool ends up with a...
Grand Oaks Realtys net revenue and net income for the following five-year period, using 2013 as the base year, follow: Requirements 1. Compute a trend analysis for net revenue and net income. Round...
123456789 10 What is the need of MIS? What are the objectives of MRP? JIT introduced in which country? Advantages of TQM. Discuss about six sigma. Define various levels of CMM. What is mean by supply...
Step Instructions Point Value 1 Open exploring_e05_grader_h2_RealEstate.xlsx and save it as exploring_e05_grader_h2_RealEstate_LastFirst. 2 In cell G2 in the Sales Subtotals sheet, insert a formula...
Which items may appear as deductions from the profit for the year in the appropriation account of a partnership? Drawings Interest on capital Interest on loan Partner's salary A B D
On 1 January 204 the accumulated fund of a club amounted to $14,240. The only item of income during the year was subscriptions of $9,500. The expenses for the year included running costs of $9,360...
Evaluate the following improper integrals whenever they are convergent. 00 (x + 3)-5/4 dx
Explain the assignment and what topics that are easier and i can research Students are expected to consume 30-60 minutes of (legitimate) news media weekly. Reflection Journal entries are expected to...
1. Describe The Long-Run Equilibrium and Long-Run Growth. 2. Describe the Tradeoff Between Output Variability and Inflation Variability. 3. Describe the Inside Lag. 4. Describe how both Monetary and...
According to Altman, what are the major determinants of corporate PDs? What are the other ways of computing corporate PDs? Briefly explain.
How do trade agreements and economic blocs such as the European Union impact the sovereignty of member states while simultaneously fostering economic interdependence and regional stability in the...
How to reply to patient. service dates 2/14/24 was processed & allowed. The allowed amount $703.92 was applied to the member deductible. Service date 2/16/24 was process and allowed. $654.84 was...
Show how each of the following compounds reacts with HO-: a. CH3OH b. +NH4 d. BF3 e. +CH3 f. FeBr3 g. AlCl3 h. CH3COOH CH3NH3
Show, if u(x, y) and v(x, y) are harmonic functions, that u + v must be a harmonic function but that uv need not be a harmonic function. Is e"e" a harmonic function?
Discuss the use of testimonials in advertising. Which of the four AIDA steps might testimo nials accomplish? Are they suitable for all types of products? If not, for which types are they most...
Discuss the future of smaller advertising agencies now that many of the largest are merging to form mega-agencies.
Does advertising cost too much? How can this be measured?
A.) for circuits 1 and 2, predict the potential at points a through c. (0V = zero volts) B.) for circuits 3 through 7, predict the potentials at points d through v when the switch is open. Also...
Discuss personal views on cancel culture, consequence culture, or something in-between (e.g., is it empowering those who are disempowered, what benefits are there, what harms are there? What can we...
Please view the video below and answer the following questions: 1. What are the 5 stock phases that the speaker suggests you can use to listen better? 2. Provide 3 variations of each of the 5 stock...

Cindy is a sole trader. She is considering forming a partnership with Lora. What is a disadvantage

Question:

Step by Step Answer:

Solution The correct option is C ...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

Students also viewed these Business questions