Which of the following will result in a dissolution of a partnership under the RUPA?
A. The bankruptcy of a partner as long as the partnership itself remains solvent.
B. The death of a partner as long as his or her will provides that his executor shall become a partner in his or her place.
C. Notice to a partnership at will of a partner's express will to withdraw.
D. The assignment by a partner of his or her entire partnership interest.
Answer: C. Notice to a partnership at will of a partner's express will to withdraw.
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Which of the following is true of nontraditional channels?
a. They detract from the profitability of the primary and secondary channels controlled by a business. b. They are used to sell stolen or counterfeited products. c. They enable a consumer to return a product when it reaches the end of its useful life. d. They help differentiate a firm's product from the competition.
Coppell Timber Company had total earnings last year of $5,000,000, but expects total earnings to drop to
$4,750,000 this year because of a slump in the housing industry. There are currently 1,000,000 shares of common stock outstanding. The company has $4,000,000 worth of investments to undertake this year. The company finances 40 percent of its investments with debt and 60 percent with equity capital. The company paid $3.00 per share in dividends last year. a. If the company follows a pure residual dividend policy, how large a dividend will each shareholder receive this year? b. If the company maintains a constant dividend payout ratio each year, how large a dividend will each shareholder receive this year? c. If the company follows a constant dollar dividend policy, how large a dividend will each shareholder receive this year?