Answer:
A) $3,429
Explanation:
Bonus capital paid by the new shareholders will be distributed among the Old Partner on the basis of their old sharing ratio
Capital Balance of Peter = $38,000
Settlement amount = $20,000
As we does not have revised profit ratios, Peter and Chris will share profit on their old ratios.
Remaining balance of Gary's capital = $26,000 - $20,000 = $6,000
Peter Share = 4/7 x $6,000 = $3,429
Answer:
Time period from September 1 - December 31 is 4 months and this means that the tenant has occupied the place for 4 months. Hence, 4 months rent would be accrued.
12 Month rent amount = $24,000
Per month rent amount = $240,00/12 month = $2,000
So, Rent for 4 months = 4 month * $2,000 = $8,000
Adjusting Entry
Date Account titles Debit Credit
Dec 31 Unearned Rent Revenue $8,000
Rent Revenue $8,000
Explanation:
Policy planning is extremely important for the set of rules, rules and procedures to assist the decision-making process and direct the operations of any government, institution or organization.
The implementation stage, on the other hand, corresponds to the actions that will determine whether policies, plans and goals will be achieved as defined in the planning stage.
After implementation, an evaluation is necessary to resolve problems and gaps found to achieve the objectives, in order to constitute the continuous improvement of strategic plans.
One stage of policy analysis cannot be considered more important than another, as each is codependent of the other to be effective, and paid-in will help the best direction to better meet and satisfy public needs.
While the exemption of installation fee might save cost, it is imperative to consider possible issues which may arise and conflict with business and family ethics. Hence, it is important to consider the following ;
- <em>The state of the product supplied </em>
- <em>Associated warranty </em>
- <em>Family ties in case of product defect </em>
- <em>Actual cost </em>
- The initial condition of the projectors should be considered as one cannot be blinded by family ties to avoid future query.
- Similarly, the warranty on the product should be considered in case of early damage or technical malfunction.
- Also, it is highly important to consider family ties, as business dealings should not be mingled with family issues.
The cost of the appliance is also an important factor to consider as many sellers up their initial price, and then issue discount afterward. Hence, cost of substitutes and other suppliers should be compared.
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Businesses are likely to reduce their choices of suppliers during the proposal analysis, vendor negotiation, and selection stages of the business-to-business purchasing process.
More about proposal analysis, vendor negotiation:
The proposal results are compared to what was anticipated in the proposal analysis report. The period of time a proposal has so far been open is also shown in this report.
The strategic process of coming to a deal that is advantageous to both the firm and its third parties is known as vendor negotiation. It might entail numerous dialogues, mutual concessions, and the application of soft skills.
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