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blagie
2 months ago
6

Which of the following statements is correct with respect to a limited partnership?

Business
1 answer:
Nady [3.6K]2 months ago
5 0

Answer: option D

Explanation: A Limited Liability Partnership (LLP) combines aspects of both partnerships and corporations, designed to benefit business entities and simplify the management for owners.

a. In an LLP, a limited partner is not personally responsible for any debts.

b. A general partner can also be a limited partner, provided that there are two legal partners involved.

c. A general partner cannot act as a secured creditor due to their unlimited liability.

d. An LLP is a type of partnership where some or all partners enjoy limited liability.

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Please write out, step-by-step, how you obtained the correct answer for this math problem.
stepan [3596]

Answer:

The answer is "$7,630".

Explanation:

If we take into account that there are four weeks in a month, then

Joe's earnings can be calculated as:

= 23.50\times 40\times 4

= 3,760 ($)

Zola's earnings can be calculated as:

= 21.50\times (40+5)\times 4

= 21.50\times 45\times 4

= 3,870 ($)

Thus,

The total gross monthly income would be:

= Jose's \ income+Zola's \ income

= 3,760+3,870

= 7,630 ($)

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