The cost of the preferred stock for this firm is 8.247%.
To determine the cost of preferred stock, we need to consider the dividend rate, net proceeds, and the firm's marginal tax rate. Here's a step-by-step explanation:
1. Determine the annual dividend: Since the firm issued 8% preferred stock, the annual dividend per share can be calculated as follows: 8% of $100 (par value) = $8.
2. Calculate the net proceeds: The net proceeds per share are obtained by subtracting the flotation costs from the selling price. In this case, the net proceeds are $100 (selling price) - $3 (flotation costs) = $97.
3. Calculate the cost of preferred stock: The cost of preferred stock is the ratio of annual dividend to the net proceeds per share. So, we have $8 (annual dividend) / $97 (net proceeds) = 0.08247, or 8.247%.
4. Adjust for taxes: Since preferred stock dividends are paid from after-tax income, there's no need to adjust the cost for taxes. The firm's marginal tax rate of 40% doesn't impact the cost of preferred stock calculation.
This cost represents the percentage return that the firm needs to provide to its preferred stockholders to meet their expected dividend payouts while accounting for flotation costs.
For more about preferred stock:
https://brainly.com/question/24261062
#SPJ4
Refer to the short-run data in the accompanying graph. The profit-maximizing output for this firm is
Based on the short-run data shown in the graph, the profit-maximizing output for the firm is 320 units.
What output level maximizes profits?In order to maximize profits, look for the level where Total cost is at its lowest.
This is the same point where MR = MC and on the graph, we see that the lowest total cost occurs at an output level of 320 units.
Find out more on profit-maximizing output at https://brainly.com/question/24233026
#SPJ1
As a tax rate grows larger and larger, eventually Select one: a. deadweight loss can outweigh tax revenue. b. supply can outweigh demand. c. tax revenue can outweigh willingness to sell. d. demand can outweigh supply.
As a tax rate grows larger and larger deadweight loss can outweigh tax revenue.
What is the impact of a large tax rate?The impact of a high tax rate can be examined by examining the Laffer curve. The Laffer Curve is a supply side economic theory that depicts the relationship between tax rates and tax revenue. According to the Laffer curve, after a point is reached, higher tax rates results in lower tax revenues.
This is because after tax rate exceed a certain point, workers would be discouraged from working and would stop earning an income due to the high tax that workers would pay. This would reduce the source of tax revenue.
To learn more about the Laffer curve, please check: https://brainly.com/question/25558844
#SPJ1
Splitting up a natural monopoly held by a public utility that produces and provides electricity would:____.
The public utility that produces and provides electricity would raise the total cost of production for all and force their profits to zero. A company that functions as a public-service corporation and offers basic services to the general public, such as electricity, telephone service, natural gas, water, or postal services, is referred to as a public utility.
The phrase "public utility" may also refer to the actual service or good, such as water, gas, sewage, etc., that these companies offer to the general public. A natural monopoly generally includes a public utility. A natural monopoly is one that develops when economies of scale make serving customers.
To learn more about public utility, click here.
https://brainly.com/question/13215023
#SPJ1
According to equity theory, employees tend to experience anger or frustration when they perceive _________.
According to equity theory, employees tend to experience anger or frustration when they perceive being under-rewarded.
Fairness theory is an idea of motivation that suggests that employee motivation at paintings is driven in large part by their feel of equity. Employees create an intellectual ledger of the inputs and consequences of their activity after which use this ledger to evaluate the ratio of their inputs and outputs to others.
The equity idea focuses on figuring out whether or not the distribution of sources is honest to each relational companion. equity is measured by way of evaluating the ratio of contributions and benefits for everybody.
The fairness principle is in play when people say such things as: “Andy earns more than I do, but doesn't do almost as a lot of work!” “I am getting paid a lot much less than Andy, but this region would disintegrate without me!”
Learn more about equity theory here https://brainly.com/question/14639287
#SPJ4
When Alex had to have elbow surgery for a baseball injury, her parents were responsible for the first $500 of the cost becase their previous claims had not met the ______________ on the insurance.
Answer: deductible
Explanation:
_____________ is the marketing term that describes new ways of gaining attention and customers by creating content on a website that pulls in customers.
Inbound marketing is the marketing term that describes new ways of gaining attention and customers by creating content on a website that pulls in customers.
The inbound marketing is the method of increasing the growth of the organization by building meaningful and long lasting relationships with prospects, consumers and customers. It includes valuing and empowering all the people to reach their goals at any stage in their journey with the organization.
Inbound marketing is done to succeed the customers because when the customers will succeed, organization will succeed.
The inbound marketing can be applied in three ways:
By Attracting
By Engaging
By Delighting
To know more about inbound marketing here:
https://brainly.com/question/23652377
#SPJ4
Since 2010, the interest rate on passbook accounts and certificates of deposit has:______.
Since 2010, the interest rate on passbook accounts and certificates of deposit has been moderate. In exchange for keeping the money on deposit for a set amount of time, top-paying certificates of deposit (CDs) offer interest rates that are higher than those offered by the best savings and money market accounts. Compared to stocks and bonds, CDs offer a smaller potential for growth but a non-volatile, fixed rate of return.
CD are also a safer and more conservative investment. Almost all banks, credit unions, and brokerage companies provide a selection of CD choices. Shopping around offers major benefits because the best CD rates that are nationally available are often three to five times higher than the industry average for every term.
To learn more about money market, click here
https://brainly.com/question/14059213
#SPJ4
Raymond Ozzie, the software designer who developed Lotus Notes, was able to dictate the terms under which IBM acquired Lotus. This illustrates that he had ________ bargaining power based on the ________ cost required by the firm to replace him.
Raymond Ozzie, the software designer who developed Lotus Notes, was able to dictate the terms under which IBM acquired Lotus. This illustrates that he had high bargaining power based on the high cost required by the firm to replace him.
Software designers are responsible for solving problems and planning software solutions. After determining the purpose and specifications of the software, the software developer designs or hires a designer to create a blueprint for the solution.
Software design is all around a great career choice. It is a high-paying and growing sector, jobs are plentiful, and workers appreciate job satisfaction.
Software designers should have problem-solving skills, knowledge of various programming languages, good organizational skills, and more. Software designers need to learn and explore a variety of prototyping tools, programming skills, inspiration, good design skills, and more.
The question is incomplete. Please read below to find the missing content.
Question: Raymond Ozzie, the software designer who was critical in the development of Lotus Notes, was able to dictate the terms under which IBM acquired Lotus. This illustrates that he had ______ bargaining power based on the ________ cost required by the firm to replace him.
low; low
low; high
high; low
high; high
Learn more about software designers here: https://brainly.com/question/1538272
#SPJ1
A new casino wants to hire about 1,000 employees for its new resort. Applicants are asked to complete an online questionnaire that will later be analyzed using computer software. Only those applicants who have previously worked in hotels and casinos will be considered eligible for the next step in the hiring process. This best exemplifies _____.
When only those applicants who have previously worked in hotels and casinos will be considered eligible for the next step in the hiring process. This best exemplifies a "pre-employment screening process".
What is a pre-employment screening process?Pre-employment screening has several names, including: Background investigations, background screening, and criminal investigations
Some characteristics of pre-employment screening process are-
Pre-employment screening entails gathering all the data necessary to make a wise hiring decision. This entails locating applicants who satisfy established job requirements and confirming the data they supply. Pre-employment screening procedure includes reviewing applications and deciding whether to hire someone.Various components, such as job screening questions included in the employment application, may be part of the screening process. Employing tests that are cognitive, behavioral, or skills-based, conduct pre-employment testing. including phone screenings, video interviews, and in-person meetings with candidates.Pre-employment investigations can differ depending on the applicant, the position, etc. However, it typically takes three to four weeks.To know more about purpose of pre-employment screening, here
https://brainly.com/question/14980418
#SPJ4
The presence of Coca-Cola drinks in restaurants world wide is an example of Group of answer choices popularity invention diffusion innovation
The presence of Coca-Cola drinks in restaurants worldwide is an example of option(c)i.e, diffusion.
What is diffusion?Diffusion is the process through which innovations spread from their initial implementation to various consumers, countries, regions, industries, markets, and businesses through the market or non-market channels. An innovation has no economic impact if it is not diffused.
The cognitive processes involved in straightforward two-choice decisions are modeled by the diffusion model. It distinguishes the standard of the evidence used in the decision-making process from the decision-making criteria and from other, nondecision-making processes like stimulus processing and reaction execution.
The four elements of diffusion, are:
(1) Innovation,
(2) Channels of Communication,
(3) Social System,
(4) Time.
To know more about diffusion refer to: https://brainly.com/question/13399887
#SPJ4
To maximize profit, the perfectly competitive firm charges a price equal to __________ while the monopolist charges a price __________.
To maximize profit, the perfectly competitive firm charges a price equal to the marginal cost while the monopolist charges a price greater than the marginal cost.
The monopolist will select the profit-maximizing level of output where MR = MC, and then charge the price for that quantity of output as determined by the market demand curve. If that price is above average cost, the monopolist earns positive profits.
In a monopolistically competitive market, the rule for maximizing profit is to set MR = MC and the price is higher than marginal revenue, not equal to it because the demand curve is downward sloping.
Learn more about monopolists at
https://brainly.com/question/13113415
#SPJ4
Intel microchips are an input in the production of a computer. When the demand for the computer declines:
Intel microchips are an input in the production of a computer. When the demand for the computer declines the demand for Intel microchips decreases.
Intel Corporation, typically referred to as Intel, is an American multinational organization and era corporation established in Santa Clara, California. it is the world's largest semiconductor chip producer by using sales and is one of the builders of the x86 collection of instruction sets, the practice sets located in maximum non-public computers (computers).
Incorporated in Delaware, Intel ranked No. 45 in the 2020 Fortune 500 listing of the most important united states groups with the aid of total revenue for almost a decade, from 2007 to 2016 monetary years.
Learn more about Intel microchips here: https://brainly.com/question/13096993
#SPJ4
Marketing researchers should assess the costs and benefits of conducting research as they define objectives and research needs. what are key benefits and costs?
When marketing researchers weigh the costs and benefits of conducting research as they define research objectives and needs, there are many benefits to the organization, such as reduced costs and better tracking of the effectiveness of a marketing strategy.
What is a research objective?It corresponds to the definition of the purposes identified for carrying out a marketing research, that is, the expected results, such as the identification of the company's target audience, the perception of the brand, the desires and needs of the target audience.
Therefore, marketing research allied to cost control and greater management, are effective instruments in carrying out segmented marketing and aligned with consumer needs, trends and desires, increasing positioning and competitiveness in the market.
Find out more about marketing research here:
https://brainly.com/question/24906199
#SPJ1
when can you be put on notice of sexual harassment if an employee tells you about an incident that may have happened to another employee by a school district employee.
As an employee, when another employee shares any incident of sexual harassment that has taken place with anyone in the organization we must take the following measures.
take any complaint of sexual harassment very seriouslythink very carefully about the way we handle a complaint, to make sure we do it fairly and sensitively and follow the right procedurestell everyone involved in the complaint what the process will behandle the complaint as quickly as possibleConsider carefully what we say to someone while we are discussing a complaint of sexual harassment.
There are certain things that are inappropriate or unacceptable to be kept in mind which are:-Do not suggest that someone should not pursue their complaint by warning them that it would be a lengthy and tough process or asking them if they are certain they want to proceed.Saying that their issue doesn't seem that serious is inappropriate since you should take all concerns extremely seriously.To learn more about dealing a complaint of sexual harassment,, click the links.
https://brainly.com/question/18392815
#SPJ4
Gor receives his financial aid award letter and notices federal work-study in the amount of $2000. what does this mean?
Gor receives his financial aid award letter and notices federal work-study in the amount of $2000. This mean, he is eligible to take a paid work-study job while he attends college, with the expectation that he will use his earnings toward college-related costs.
Financial aid is money to help pay for university or career college. presents, work-take a look at, loans and scholarships help make university or career school less expensive. An expansion of economic useful resource resources are available that will help you pay for college or career college. offers.
The most amount of cash you could get from a Pell supply is $6,495 (2021-22). The quantity granted depends on your expected circle of relatives' Contributions (EFC), price of attendance, your fame as a complete-time or component-time student, and your plans to wait for college for a full educational 12 months or much less.
Our popular eligibility necessities encompass that you have financial needs, are a U.S. citizen or eligible noncitizen, and are enrolled in an eligible degree or certificate software at your college or career faculty. There are more eligibility requirements you need to meet to qualify for federal financial aid.
Learn more about the financial aid here https://brainly.com/question/835751
#SPJ4
Suppose the exchange rate is 10 pesos per dollar and you use $1000 to purchase a one-year mexican bond that pays 10% interest. Next year, the exchange rate is 11 pesos per dollar. Assuming you convert your funds back to u. S. Dollars, how much money will you have in one year?.
The amount of money I would have in US dollars would be $1,000
How much would I have in US dollars?The first step is to convert dollars to pesos:
$1000 x 10 = 10,000 pesos
The second step is to determine the value of the investment in a year's time: (1.10) x 10,000 = 11,000 pesos
Now, convert pesos to dollars : 11,000 / 11 = $1,000
To learn more about exchange rate, please check : https://brainly.com/question/25780725
#SPJ1
____ is used to plan, schedule, track, and analyze the tasks involved in a project, such as the construction of a building or the schedule for preparing a large advertising campaign for a client.
The tasks involved in a project, such as the construction of a building or the timeline for creating a significant advertising campaign for a client, are planned, scheduled, tracked, and analyzed using project management software.
Why would you use project management software?Software for project management is made to assist both enterprises and people in keeping track of their projects, tasks, and timetables. It's a terrific method to keep your staff on task and stay organized.
Why do you need project management software?Software for project management is used to organize, plan, and allocate resources. It facilitates teamwork and allows for the tracking of project progress while specifying tasks and responsibilities.
Which project management tool is the best?The Top 7 Software Tools for Project Management in 2022
Trello is the best for getting started.Wrike is the best for rapid setup.Basecamp is the best for collaboration.cheapest: Zoho Projects.LiquidPlanner has the best features.Microsoft Project is the best for large projects.Teamwork Projects are the best for Powerful Simplicity.learn more about project management software here
https://brainly.com/question/14394096
#SPJ4
The following are the current month's balances for selected accounts of Accounts Payable $9,000 Revenue $8,000 Cash 7,650 Expenses 1,100 Furniture 11,000 Accounts Receivable 12,000 Common Stock 10,250 Notes Payable 4,500 What is the net income for
Option A. $6900 net income.
Net income for the current month=Revenue-Expenses
which is equal to
=(8000-1100)
which is equal to
=$6900.
Net income is the amount after an individual or company has deducted expenses, allowances, and taxes. In commerce, net income is left to the business after all costs, including salaries and wages, the cost of goods or raw materials, and taxes.
Learn more about net income at
https://brainly.com/question/15530787
#SPJ1
______ provide for an orderly repayment of a bond issue, reduce the risk that the bond will not be repaid, and help to support the market price of the bond.
Sinking funds provide for an orderly repayment of a bond issue, reduce the risk that the bond will not be repaid, and help to support the market price of the bond.
A sinking fund is a collection of funds that have been put up or saved to pay off bonds or debts. A corporation that issues debt will eventually have to pay that debt back, and the sinking fund lessens the burden of a significant outlay of revenue.
An economic entity creates a sinking fund by gradually withholding income in order to pay for long-term debt repayment or upcoming capital expenses.
Don't be misled by the phrase "sinking," which seems to be a bad thing. The word "sinking fund" is used in more conventional contexts to describe funds placed aside to pay off long-term debt, such as a bond. The phrase "sinking" probably alludes to the amount of debt that is still owed as time goes on.
Learn more about sinking fund here
https://brainly.com/question/26361248
#SPJ4
If the seller in a residential transaction submits an amended disclosure to the buyer, the buyer has _____ to terminate the contract with return of the buyer’s earnest money.
Answer:
has the right
Explanation:
it's an agreement, that if the Seller terminates his/her contract if the party's attorney disapproves ... If the contract is terminated, the earnest money deposit shall be returned to the Buyer
s the management process of evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals.
Controlling is the the management process of evaluating the results of business operations against the plan and making adjustments to keep the company pressing toward its goals.
What does control mean in business?This is the term that is used to refer to all of the activities that would make the company achieve its goals.
It helps to ensure that the business stays on the path of growth and achievement.
The process of control has to do with the following
Setting of goalsMeasuring performanceComparing performanceTaking corrective actionsSetting future standardsRead more on business control here:https://brainly.com/question/26398073
#SPJ1
When the economy was expanding in early 2007, fewer than _______ percent of the unemployed had been jobless for more than 6 months.
When economy was expanding in early 2007, fewer than 20 percent of the unemployed had been jobless for more than 6 months. Because it shows whether or not employees can find gainful employment and contribute to the economy's productive output, unemployment is a crucial economic statistic.
More unemployed workers equate to lower overall economy output. People who quit the labor for reasons including retirement, higher education, and disability are not included in the definition of unemployed. When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of economy is unemployment.
To learn more about economy, click here.
https://brainly.com/question/2421251
#SPJ4
When using ________, a consumer exerts little effort in making a purchase decision.
When using habitual decision-making, a consumer exerts little effort in making a purchase decision.
Consumer decision-making or problem-solving that requires minimal pre-purchase research and evaluation of alternatives. Also known as automatic response behavior, routine response behavior, and routine problem-solving.
Buying milk or bread from a nearby store is an example of habitual buying behavior. 2. Despite having multiple brands of drinks and cola products, people prefer some brands and flavors. This is another example of habitual purchase.
Consumption decisions are made out of habit without searching for or advising on additional information between products. There are two types of him in this category. Those who are loyal to the brand and those who buy from the inertia of the brand.
Learn more about decision-making here: https://brainly.com/question/25870371
#SPJ1
Question Content Area One potential advantage of a corporation issuing bonds rather than additional common stock is a.the interest expense reduces taxable income and, thus, income tax expense b.the interest on bonds must be paid when due c.a higher earnings per share is guaranteed for existing common shareholders d.the corporation must pay the bonds at maturity
An advantage of issuing bonds instead of additional common stock is a.the interest expense reduces taxable income and, thus, income tax expense
What is an advantage of issuing bonds?When bonds are issued, this means that the company would have to pay interest payments on these bonds.
The interest payments are tax-deductible which means that they will come out of pretax income and will therefore reduce the tax amount paid by the company.
Find out more on the advantages of issuing bonds at https://brainly.com/question/24126434
#SPJ1
Kellogg's is developing its marketing communications strategy for pringles potato chips and is using the 6m model to frame the process. the company is currently working to identify goals for the campaign and the target customers for the communications. which two parts of the 6m model is it currently focusing on
The mission and the market are the two components of the 6m model that the company is currently focusing on.
What is meant by the 6m model?This is the model that companies and organizations make use of that is centered around these 6 m letter words. These are Mindset, Markets, Money, Management, Mentorship and Measurement.
The marketing communication strategyThis is the strategy that the business would use in order to market itself and its products to the consumer base. It is the way that he are able to focus on the people that would consume their products.
Read more on marketing communication here: https://brainly.com/question/9696745
#SPJ1
The next dividend payment by Im, Incorporated, will be $1.87 per share. The dividends are anticipated to maintain a growth rate of 4.3 percent forever. If the stock currently sells for $37 per share, what is the required return
The answer is 9.35%.
The required rate of return (RRR) is the minimal return an investor would accept for owning a company's shares in exchange for a certain amount of risk. In corporate finance, the RRR is used to assess the profitability of proposed investment projects.
The RRR is a subjective minimal rate of return; this implies that a retiree will have a lower risk tolerance and hence accept a lesser return than a fresh college graduate with a larger stomach for risk.
Required return=(D1/Current price)+Growth rate
=(1.87/37)+0.043
=0.0505405405+0.043
=9.35% (Approx)
Hence, the required rate of return is 9.35%.
To know more required rate of return click here:
https://brainly.com/question/24301559
#SPJ4
A ________ is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards
A warranty is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards.
A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally-guaranteed service replacement or issue correction for the period of the warranty.
A warranty is a promise made by a manufacturer or seller that they will fix or replace any defective goods.
A product is guaranteed to be suitable for its intended use and to live up to the buyer's expectations by an implied warranty. They may be expressed orally or in writing.
To learn more about warranty here https://brainly.com/question/27241092
#SPJ4
On a balance sheet, the value of the assets must be ______ the amount of the claims against those assets.
On a balance sheet, the value of the assets must be equal to the amount of the claims against those assets.
What Is a Balance Sheet?The balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time. Balance sheets provide the basis for computing rates of return for investors and evaluating a company's capital structure.
What Is an Asset?An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.
Assets are reported on a company's balance sheet. They're classified as current, fixed, financial, and intangible. They are bought or created to increase a firm's value or benefit the firm's operations.
Learn more about Balance sheet on:
brainly.com/question/1113933
#SPJ4
Pretend that you are a small business owner in the city of New London. Using the text you just read as well as your knowledge of property rights and market-based economies, compose a two-paragraph letter to the editor that expresses your opinion about whether eminent domain was justly applied in the Kelo case. Be sure to include:
The Kelo case proved to be a revelation for many New Londoners about their property rights.
How to illustrate the information?Dera editor,
Small business owners have to be careful to avoid falling under the radar of government development projects.
Until now, I was under the impression that eminent domain gave the government the right to take private property as long as it was for public use.
My assumption included that public use defined anything that the public could literally use. Apparently, the court went with a broader interpretation of public use under which “a taking is constitutional if it serves a public purpose” (Kelo v. City of New London).
This interpretation means public use includes anything that is deemed fit for public purpose, even though I or most citizens may not be able to directly use it.
This raises the concern of what all could fall under public use. I trust that the government won’t go on seizing private properties for its unrestrained use. However, the Kelo case still proves to be a matter of concern for me.
Learn more about eminent domain on:
https://brainly.com/question/9308155
#SPJ1
Answer: The plato answer is this: The Kelo case proved to be a revelation for many New Londoners about their property rights. Small business owners like me have to be especially careful to avoid falling under the radar of government development projects.
Until now, I was under the impression that eminent domain gave the government the right to take private property as long as it was for public use. My assumption included that public use defined anything that the public could literally use. Apparently, the court went with a broader interpretation of public use under which “a taking is constitutional if it serves a public purpose” (Kelo v. City of New London).
This interpretation means public use includes anything that is deemed as fit for public purpose, even though I or most citizens may not be able to directly use it. This raises the concern of what all could fall under public use. I trust that the government won’t go on seizing private properties for its unrestrained use. However, the Kelo case still proves to be a matter of concern for me.
Although the Fifth Amendment of the US Constitution provides a certain safeguard, the wider interpretation of public use makes it easier for businesses like mine to lose ownership of their property to the government.
Explanation: Here go my answer it's like the one at the top but you will get it right:
The Kelo case demonstrated to be a disclosure for numerous Unused Londoners around their property rights. Little trade proprietors like me need to be particularly cautious to dodge falling beneath the radar of government improvement projects. Until presently, I was under the impression that famous space gave the government the correct to require private property as long because it was for open utilize. My presumption included that open utilize characterized anything that the open may truly utilize. Clearly, the court went with a broader elucidation of open utilize beneath which “a taking is protected on the off chance that it serves an open purpose” (Kelo v. City of Modern London). This translation implies open utilize incorporates anything that's regarded as fit for open reason, indeed in spite of the fact that I or most citizens may not be able to straightforwardly utilize it. This raises the concern of what all might drop beneath open utilize. I believe that the government won’t go on seizing private properties for it's over the top utilize. In any case, the Kelo case still demonstrates to be a matter of concern for me. Although the Fifth Alteration of the US Structure gives a certain defend, the more extensive elucidation of open utilize makes it simpler for businesses like mine to lose proprietorship of their property to the government.
In the consumer decision journey, _______ extends customer interactions to new sources of value, such as related products or partnered businesses.
In the consumer decision journey "innovation" extends customer interactions to new sources of value, such as related products or partnered businesses.
What is partnered business?A formal agreement between two or more parties to run a business and split the profits is called a partnership.
Some key features of partnered business are-
Partnership arrangements come in many different forms. One type of business where partners may have minimal liability is a partnership where all participants share profits and liabilities equally.All partners in a general partnership are responsible for management and earnings. They each have the authority to act on behalf of the company because they jointly own the assets. Additionally, each partner is totally liable for all of the firm's financial commitments.Advantages of partnered business are-
Two heads are better than one, and that is one benefit of a partnership.Your company is simple to launch and has modest startup expenses. The business has access to extra funding.To know more about partnership business, here
https://brainly.com/question/15913927
#SPJ4