Answer:
$210 000
Explanation:
Take liabilities + Captial account of Manning +Captial Account of Adamo
80000 + 240000 + 150000 = 470000
Amount received by Manning as a final distribution from liquidation of the partnership.
470000-410000=60000
60000 x 0.5 = 30000
240000-30000= 210000
Answer:
the cost of goods sold during the year 2012 is $800,000
Explanation:
The computation of the cost of goods sold is shown below;
Costs of Goods Sold during 2012 is
= Transferred from Work in Process + Beginning Inventory - Ending Inventory
= $1,000,000 + $200,000 - $400,000
= $800,000
Hence, the cost of goods sold during the year 2012 is $800,000
Answer:
In the following situation:
Jacob rents rooms in his hotel for an average of $100 per night. The variable cost per rented room is $20, to cover maid service and utilities. His fixed costs are $100,000 and his profit last year was $20,000.
The Jacob's contribution per unit is:
e) 80
Explanation:
To understand this answer we need to explain a few things. First of all, te contribution unit concept is used to express, identify, or define the net profit after one unit has been sold and all the expenses have been subtracted from it. The formula to obtain it is: (Total revenues- Total Variable costs) divided by total units. Following this information we have.
Total revenue is: 100 USD per night
Total variable costs are: 20 USD per night
Total units are only one.
Therefore 80 USD is our contribution per unit.
Based on the situation facing Country Q, they might respond by <u>trying to </u><u>trade </u><u>with other </u><u>nations </u><u>to</u><u> increase production</u><u> and </u><u>create </u><u>new </u><u>jobs</u>
<u />
Trading with other nations:
- Allows for an economy to develop as it would produce more to export
- Increases employment as people would work in the new companies created to produce export
It would therefore be in Country Q's best interest to trade as this would increase their employment figures and GDP on account of higher production.
In conclusion, Country Q should trade more.
<em>Find out more </em><em>benefits </em><em>of </em><em>trade </em><em>at brainly.com/question/11317503</em>
