Justin and Michael form a limited partnership and start a car dealership. Justin is the general partner and Michael is the limited partner
Seven months after the commencement of the business, Pedro makes an investment and wishes to become a general partner. A week later, Michael's mother wishes to join the partnership as a limited partner. Which of the following is true in this scenario?
A) Pedro cannot become a general partner to the partnership after the business has commenced.
B) Pedro cannot become a general partner to the partnership as a limited partnership can only have one general partner.
C) Michael's mother cannot become a limited partner to the partnership as a limited partnership can only have one limited partner.
D) Both Pedro and Michael's mother can choose to become either general or limited partners to the partnership.
D
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A) Experian B) Acxiom C) TransUnion Corporation D) Apple
For a factory worker, all of the following are charged to Factory Overhead except:
a. the shift premium paid because the worker works the "graveyard" shift. b. the payroll taxes related to direct labor time. c. the overtime premium paid as a result of a "rush" job stipulated by the customer contract. d. the make-up guarantee paid because the employee did not reach the quota set forth in a modified wage plan.