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Ronch [10]
2 years ago
6

Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $84,000. However, the bu

ilding carries a $52,000 mortgage that will be assumed by the partnership. Smart is investing $28,000 cash. The balance of Maxwell's Capital account will be:
Business
1 answer:
joja [24]2 years ago
5 0

Answer:

$32,000

Explanation:

Calculation for the balance of Maxwell's Capital account

Using this formula

Assets =Liabilities-Owner's Equity

Where,

Liabilities =$84,000

Owner's Equity=$52,000

Let plug in the formula

Assets =$32,000

Therefore the balance of Maxwell's Capital account will be $32,000

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true

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Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The
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A) $2.50 per direct labor-hour

Explanation:

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And, the estimated direct labor hours is 20,000

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8 0
3 years ago
Give an example of a natural monopoly industry operating in South Africa.
MariettaO [177]

An example of a natural monopoly industry operating in South Africa include "Eskom".

<h3>What is natural monopoly?</h3>

A natural monopoly occurs when there is an instance in which it is economically viable and better for a single entity to be in full and sole control of the production of a product or service.

Moreover, a natural monopoly is the fact that natural monopolies have extreme economies of scale. It can only start to become profitable when one single firm is able to service the majority of the market.

Learn more about natural monopoly, refer to the link:

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4 0
1 year ago
Spears Co. had net sales of $53,404 million. Its average total assets for the period were $16,302 million. Spears' total asset t
liraira [26]
Given:
net sales = 53,404,000,000
Average total assets = 16,302,000,000

Total asset turnover is calculated by divided net sales by the average total assets.

Total asset turnover = net sales / average total assets 
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3 years ago
50 points. Ethics are essential in good accounting. For this assignment, find examples of poor ethical behavior in accounting an
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Answer:

Ethics of accounting information is providing accounting information to make good economic decisions in the financial statement of the organization.

Explanation:

8 0
3 years ago
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