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NEW QUESTION: 1
In 1992, Anchor, Chain, and Hook created ACH Associates, a general partnership. The partners orally
agreed that they would work full time for the partnership and would distribute profits based on their capital
contributions. Anchor contributed $5,000; Chain $10,000; and Hook $15,000.
For the year ended December 31, 1993, ACH Associates had profits of $60,000 that were distributed to
the partners. During 1994, ACH Associates was operating at a loss. In September 1994, the partnership
dissolved.
In October 1994, Hook contracted in writing with Ace Automobile Co. to purchase a car for the partnership.
Hook had previously purchased cars from Ace Automobile Co. for use by ACH Associates partners. ACH
Associates did not honor the contract with Ace Automobile Co. and Ace Automobile Co. sued the
partnership and the individual partners.
A. Hook's capital account would be reduced by 1/2 of any 1994 losses.
B. Anchor's capital account would be reduced by 1/3 of any 1994 losses.
Answer: A
Explanation:
Choice "b" is correct. If the partnership agreement is silent on how losses will be shared, they are shared
in the same manner as profits. Here, the partners agreed to share profits on the basis of their
contributions, which were in a ratio of 1:2:3 respectively for Anchor, Chain, and Hook. Thus, Anchor is
liable for one-sixth of the loss, Chain is liable for 1/3 of the loss, and Hook is liable for 1/2 of the loss.
NEW QUESTION: 2
Ein Joint Venture-Projekt wartet auf die rechtliche Schließung. Eine weitere Bewertung zeigt, dass dies kritisch mit der Vereinbarung eines anderen Joint Ventures in Konflikt steht. Was sollte der Projektmanager als Nächstes tun?
A. Benachrichtigen Sie den Projektsponsor und empfehlen Sie, das Projekt bis zur weiteren Überprüfung zu verschieben.
B. Identifizieren Sie andere Projektszenarien, die nicht mit der bestehenden Vereinbarung in Konflikt stehen.
C. Informieren Sie den Projektsponsor, leiten Sie das Problem an die Rechtsabteilung weiter und aktualisieren Sie das Risikoregister
D. Fahren Sie mit dem Projektabschluss fort, während Sie eine gute Kommunikation mit den Joint Ventures von Doth aufrechterhalten.
Answer: C
NEW QUESTION: 3
A storage administrator has one production site and one remote site. The administrator configured the RecoverPoint with VNX (SE) cluster at both sites. The current environment has two Consistency Groups configured with two copies each; one production copy and one remote copy. Based on the company's growing business requirements, the administrator has been asked to keep a local copy of the production data.
Which action should occur in order to meet this requirement?
A. RecoverPoint with VNX (SE) does not support more than two copies in a single Consistency Group
B. Add a copy into the existing Consistency Group for a local replication
C. Upgrade the RecoverPoint with VNX (SE) license to RecoverPoint/EX and then reconfigure the Consistency Group
D. Delete and reconfigure the existing Consistency Group for a local and remote replication
Answer: C