General partner of limited liability partnership

Assignment Help Financial Management

Reference no: EM131934618

Which of the following is true of a general partner of a limited liability partnership (LLP)?

a. A general partner of a limited liability partnership (LLP) is liable only to the extent of his/her investment in the partnership.

b. A general partner of a limited liability partnership (LLP) cannot participate in the management of the business.

c. A general partner of a limited liability partnership (LLP) is considered as an investor only.

d. A general partner of a limited liability partnership (LLP) is taxed for the limited partners' share of the partnership's income.

e. A general partner of a limited liability partnership (LLP) is fully personally liable for all business debts.

2. Revenue bonds are used to:

a. ?raise funds to repay loans borrowed from the federal government.

b. raise funds to repay loans borrowed by the local government.

c. ?raise funds for projects that require additional funding by increasing tax rates.

d. ?raise funds for projects that will generate revenues.

e. raise funds to pay interest on T-bills issued by the state government.

3. Which of the following statements is true of the price of a bond that is less than the bond's face value?

a. The price of the bond will increase as the bond gets closer to its maturity because the bond's value has to equal its face value at maturity.

b. As the coupon rates remain constant, the market value of the bond remains unchanged.

c. The market value of the bond will increase with the interest received at the maturity of the bond.

d. The par value of the bond will increase with an increase in the bond price in the market until maturity.

e. The price of the bond will decrease further below the bond's face value when the rates in the market are too high

Reference no: EM131934618

Questions Cloud

Rational risk-averse investor and the risk-free rate : Assuming that you are a rational risk-averse investor and the risk-free rate is 2.50 percent, which of the two portfolios should you choose and why?

Calculating the correlation coefficient between gdp : Explain in up to 200 words the relationship between Openness and economic development by calculating the correlation coefficient between GDP per

Identify what rights are at stake : For this module, you are required to complete a Written Case Analysis (200 words). Please read Thinking Critically About Ethical Issues, Case 4, p. 173.

Summarize an article clearly completely and concisely : Summarize an article clearly, completely and concisely. Over the course of the semester you will be required to locate eight articles about an issue.

General partner of limited liability partnership : Which of the following is true of a general partner of a limited liability partnership (LLP)? Revenue bonds are used to.

Demonstrate understanding of economic analytical techniques : Introduction to Economics (QB 1502) - discuss the nature of the relationship between employers and employees and evaluate employment factors in the economy

Draw the picture for the conceptual model : Describe the topic you have selected so it is clear what you are analyzing. The current status of the topic should explained .

Limitations of using measures of physical scarcity : What are the limitations of using measures of physical scarcity such as the "exponential exhaustion index" that was developed by the Meadows

Use the adjusted present value approach : Calculate the Adjusted Present Value (APV). Under what circumstances would it be better to use the Adjusted Present Value approach?

User Account

All Pages