Reference no: EM131660602
Question: Critical Thinking and Writing Assignment for Business. Sandra Lerner met Patricia Holmes at Holmes's horse training facility, and they became friends. One evening, while applying nail polish to Lerner, Holmes layered a raspberry color over black to produce a new color, which Lerner liked. Later, the two created other colors with names like "Bruise," "Smog," and "Oil Slick," and titled their concept "Urban Decay." Lerner and Holmes started a firm to produce and market the polishes but never discussed the sharing of profits and losses. They agreed to build the business and then sell it. Together, they did market research, experimented with colors, worked on a logo and advertising, obtained capital from an investment firm, and hired employees. Then Lerner began working to edge Holmes out of the firm.
1 Lerner claimed that there was no partnership agreement because there was no agreement to divide profits. Was Lerner right? Why or why not?
2 Suppose that Lerner, but not Holmes, had contributed a significant amount of personal funds into developing and marketing the new nail polish. Would this entitle Lerner to receive more of the profits? Explain.
3 Did Lerner violate her fiduciary duty in this scenario? Why or why not?
Assume that provident health system
: Assume that Provident Health System ,a for-profit hospital ,has 1 million in taxable income for 2011,and its tax rate is 30 percent.
|
Discuss the advances in technology
: Discuss the advances in technology such as EDI, RFID, and the Internet within the intermodal industry as well as how these technologies are beneficial.
|
Discuss why is it important to use the nursing process
: Explain why it is important to have a standardized documentation. why is it important to use the nursing process while documenting
|
What value you add to the organization
: Describe the mission of airbnb who your customers are, what value you add to the organization, and what role Christianity currently plays in this organization .
|
Did lerner violate her fiduciary duty in the scenario
: Critical Thinking and Writing Assignment for Business. Sandra Lerner met Patricia Holmes at Holmes's horse training facility, and they became friends.
|
Suppose you observe the investment performance
: Suppose you observe the investment performance of 400 portfolio managers and rank them by investment returns during the year.
|
What is the gross profit and gross margin percentage
: If sales are $300,000 and cost of goods sold is $180,000, what is the gross profit and gross margin percentage
|
What should be done to monitor the given activity
: What should be done to monitor this activity? What laws would you create to protect the world from potential dangers of the growth?
|
Achieve a positive operating ratio
: What must be the minimum yield on investments to achieve a positive operating ratio?
|