Answer:
E) 1, 2, and 3
Explanation:
A partnership is a very flexible business which is very easy to set up but has some disadvantages also and they include:
- partners have unlimited liability.- if losses are expected to continue, then the partners will probably decide to liquidate the partnership.
- risks of disagreements between the partners.- if the partners are incompatible and cannot agree upon the decisions that need to be made, the partnership will probably be liquidated
- if the partners decide to leave because they retire then the partnership will probably have to be liquidated unless a new partner replaces the one that leaves or the other partners buy his/her share of the partnership.
Answer:
Explanation:
In the income statement, the total revenues and the total expenses are recorded.
If the total revenues are more than the total expenditure then the company earns net income
And, If the total revenues are less than the total expenditure then the company have a net loss
This net income or net loss would reflect in the statement of the retained earning account.
The preparation of the income statement is presented in the spreadsheet. Kindly find the attachment below:
Answer:
0.063 or 6.3% (or more)
Explanation:
Given:
Combined Tax Bracket = 30% = 30/100 = 0.30
Yields of corporate Bonds = 9% = 9/100 = 0.09
Yield to Shift Investors to choose municipal bonds = ?
Calculation:
Yield from corporate bond = (After tax yield) x Yield rate of corporate Bonds
= (0.70) x (0.09)
= 0.063 or 6.3%
Working note:
After tax yield = (1 - tax rate )
After tax yield = (1 - 0.30 )
After tax yield = (0.70)
so, they must give 6.3% yield
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Hope this helps!
Answer:
Unitary cost= $24
Explanation:
Giving the following information:
Total direct material= $13,116
Direct labor= $22,560
Factory overhead= $16,788
Number of units= 2,186
<u>First, we need to calculate the total cost:</u>
Total cost= 13,116 + 22,560 + 16,788
Total cost= $52,464
<u>Now, the unitary cost:</u>
Unitary cost= total cost / number of units
Unitary cost= 52,464 / 2,186
Unitary cost= $24
