The Revised Uniform Partnership Act provides protection for general partners, but not for limited liability partners

Indicate whether the statement is true or false

FALSE

Business

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Quick Cement has a return on assets of 8%. If it has $1.5 million in total assets and a total asset turnover of 2, it follows that the firm must have a net profit margin of

A) 4%. B) 6%. C) 8%. D) 12%.

Business

Monthly benefits are payable to a retired insured worker from the age of:

a. twenty-two. b. fifty-three. c. sixty-one. d. sixty-two.

Business