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Start studying MKTG 430 Chapter 2 . Learn vocabulary terms and more with flashcards games and other study tools. Search. Browse. ... Matches a value-conscious buyer who is primarily interested in price and convenience. ... Partnering is a strategically developed long-term relationship that _____.
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A) partners are not entitled to salaries or wages but are compensated by a share of the profits of the business. B) the general partner's salary is set at 2 times the salaries of the limited partners . C) both general and limited partners are permitted salaries but all silent or dormant partners are compensated only by sharing in the profits.
Donald and Hanes shared net income and losses in the ratio of 3: 2 respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100 000 cash and no goodwill was recognized. [QUESTION] REFER TO: 14-03 48.
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