1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SSSSS [86.1K]
1 year ago
7

douglas pays selena $43,300 for her 30% interest in a partnership with net assets of $127,900. following this transaction, dougl

as's capital account should have a credit balance of a.$43,300 b.$127,900 c.$12,990 d.$38,370
Business
1 answer:
Katarina [22]1 year ago
4 0

Selena receives $43,300 from Douglas for her 30% stake in a partnership with $127,900 in net assets. After this transaction, the capital account of Douglas should have a account balance of $38,370.

Douglas's Capital account balance

= Net assets x30%

= $127,900 x 30%

= $31,875

Therefore, Douglas's capital account should have a credit balance of $38,370

A financial repository's account balance represents the amount of money there is at the end of the current accounting period. It is the sum net assets of the balance carried over from the previous month and the net difference between the credits and debits that have been recorded during any given accounting cycle.

The amount due or the net debt may be shown in an account balance. The former is frequently depicted in financial accounts that include net assets recurring bills, like those for utilities or gym memberships. The latter, on the other hand, is reflected in accounts with negative cash balances, such as bank overdrafts.

Learn more about account balance here

brainly.com/question/28699225

#SPJ4

You might be interested in
the u.s. internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms
Tresset [83]

The US internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms’ shareholders' double taxation of dividends.

Revenue is the entire quantity of income generated by means of the sale of products or services related to the organization's number one operations. Revenue, additionally known as gross income, is regularly known as the "top line" as it sits at the pinnacle of the income declaration. Profits, or net earnings, are an agency's general profits or income.

In accounting, revenue is the entire quantity of profits generated by using the sale of goods and services related to the primary operations of the business. commercial sales will also be known as income or as turnover. Some corporations get hold of sales from interest, royalties, or different expenses.

Whilst comparing sales vs income you have to understand that “sales” refers to the total amount of cash a company generates before getting rid of any fees. “income”, then again, is equal to sales minus the fees of doing commercial enterprise, which include depreciation, hobby, taxes, and other expenses.

Learn more about revenue here brainly.com/question/16232387

#SPJ4

8 0
1 year ago
When leaving a job, desirable knowledge employees are most likely to find new employment on Internet career sites and go alone t
schepotkina [342]

Answer:True

Explanation:

3 0
3 years ago
Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which
kakasveta [241]

Answer:

Its A.

Explanation:

5 0
2 years ago
Read 2 more answers
For an average commercial vehicle being driven at 55 mph on dry pavement, it will take about _____ to bring the vehicle to a sto
zalisa [80]
Answer: 300 feet

Explanation:
Three important factors are involved in bringing a moving vehicle to a stop.

1. Perception distance is the distance a vehicle travels while your brain perceives the need to apply the brakes. An alert driver requires about 0.75 seconds to react. This time accounts for about 60 feet of travel.

2. Reaction distance is the distance traveled before the driver actually presses on the brake pedal. For an alert driver, this also takes about 0.75 seconds. This adds another 60 feet of travel.

3. Braking distance is the distance the vehicle travels before coming to a stop on a dry ground. On a slippery ground (after snow or rain) this distance is longer. On dry ground, the skidding distance is about 170 feet.

This means that an alert driver needs 60+60+170 = 290 feet (approximately 300 feet) to stop.
For this reason, tailgating at high driving speeds is dangerous.

7 0
3 years ago
Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expectin
Svetllana [295]
40,000x(1.02^40)=$88,322
3 0
3 years ago
Other questions:
  • Distinguish among a​ budget, a performance​ report, and a variance. A. A budget measures the differences between a performance r
    6·1 answer
  • What is the key assumption for the single-server queue model?
    11·1 answer
  • Debbie is a Financial Planner and charges her clients on a commission basis. For a particular month, Debbie makes three deals of
    10·2 answers
  • Persuasion is necessary when Group of answer choices your audience is skeptical about your idea. you anticipate that your audien
    5·1 answer
  • When employees are unclear about work methods, scheduling, and performance criteria because others hold different ideas about th
    12·1 answer
  • When david exaggerated his experience on his resume do you think he believed he would be caught? What effect did this belief hav
    9·1 answer
  • Eric was in the store and started looking at riding lawn mowers. He didn't come to this store for the purpose of purchasing one,
    13·1 answer
  • The economy begins in equilibrium at point E, representing the real interest rate r 1 at which saving S 1 equals desired investm
    15·1 answer
  • A flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather j
    15·1 answer
  • The Pines Company, which manufactures office equipment, is ready to introduce a new line of portable copiers. The following copi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!