Salary claim against the partner ship

Assignment Help Finance Basics

Reference no: EM13874508

Q. George, Burton and dillman are partners for three years. The partner ship is dissolved . George is leaving the firm but burton and dillman to carry on the business . In the final stage George places a 75000 usd salary claim against the partner ship. He contend that he has claim for a salary of 25000 usd for each year because he devoted to three years to the partner ship firm. Is he claim valid.

Reference no: EM13874508

Questions Cloud

The first u.s. president to travel abroad while in office : Who was the first U.S. president to travel abroad while in office?

Converging nozzle with fixed inlet conditions : Consider subsonic flow in a converging nozzle with fixed inlet conditions. What is the effect of dropping the back pressure to the critical pressure on?

Discuss how contrast and conformity contribute to a quality : Discuss how contrast and conformity contribute to a quality web page

Reversible adiabatic compression or expansion process : Consider an infinitesimal reversible adiabatic compression or expansion process. By taking s = s(P, v) and using the Maxwell relations, show that for this process Pvk = constant, where k is the isentropic expansion exponent defined as k = v/P (?P/..

Salary claim against the partner ship : George, Burton and dillman are partners for three years. The partner ship is dissolved . George is leaving the firm but burton and dillman to carry on the business

How effectively does hourani use ibn khaldun : How effectively does Hourani use Ibn Khaldun?- Your thesis statement must answer the prompt. The prompt is not only a comparison between Ibn Khaldun and Hourani. It is asking how Hourani is using Ibn Khaldun.

Powder company listed the following stockholders : On January 1, 2010, the Powder Company listed the following stockholders equity section of its balance sheet:

How possibility of ricardian rents complicate market power : How does the possibility of Ricardian rents complicate inferring market power from market share and profits? Why does the capitalization of monopoly profits make it difficult to determine a firm's market power? Explain.

Mass flow rate of steam through the boiler : (a) The mass flow rate of steam through the boiler for a net power output of 250 MW and (b) The thermal efficiency of the cycle.

User Account

All Pages