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Partnership
Definition -Partnership may be defined as a relationship between persons carrying on a business in common with a view of profits. In partnership business, two or more persons jointly run a business. The liability of the individual partner is unlimited unless the partnership agreement provides for any limitations. A partnership consists of not more than twenty persons except in certain cases e.g. practicing lawyers, professional accountants, and members of the stock exchange where this figure can be exceeded. Normally, the number of partners in a partnership business varies from two to five partners. In a case of banking business the number of banking partners is limited to ten.
In Kenya all partnerships are formed in accordance with Partnership Act of 1934 (Chap 29). The name of the partnership must be registered first under the Registration of Business Act. The formation of partnership is not very complicated.
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The scope of supply chain management Supply chain management includes the determination of suppliers; distributors, distribution channels and warehousing; manufacturing infor
A manufacturing organisation has three production cost centres, the cutting department, the processing department and the finishing department, and two service cost centres, the st
1. Suppose you would like to buy a house and you decided you can pay 3500 per month for 30 years. Your bank has approved you for a 30-year fixed rate mortgage loan at a quoted AP
How much
what are control
Weaknesses of WACC as Discounting Rate WACC/Overall cost of capital has the following problems like a discounting rate as: It can simply be used as a discounting
what do you consider to be the main inbound logistics for banking
A firm has sales of Rs. 10,00,000. Variable cost is 70%, total cost is Rs.9,00,000 and Debt of Rs. 5,00,000 at 10% rate of interest. If tax rate is 40% calculate:
Payback Period Method - Traditional Methods This method gauges the viability of a venture via taking the outflows and inflows over time to ascertain how soon a venture can pay
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