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11 months ago

On Wednesday, your boss asks you if you'd be willing to work an

Business

1 answer:

Temka [501]11 months ago

3 0

Answer:

Explanation:

I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.

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Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4. Before l

stealth61 [152]

Solution and Explanation:

The total amount of cash available for safe payments would be $25,000 (90,000 - 60,000 - 5,000). This amount will be distributed between Henry and Jacobs in the ratio of 6:4 meaning that $15,000 (25,000*60%) will be given to Henry and $10,000 (25,000*40%) will be given to Jacobs.

The value of $120,000 will be distributed to the partners as follows:

Henry Issac Jacobs

Equity 80,000 110,000 140,000

Less Loss on Assets 36,000 72,000 72,000

Liquidation Expenses 1,000 2,000 2,000

Balances 43,000 36,000 66,000

Less Distribution

of Safe Payments to Partners 15,000 0 10,000

Net Balances $28,000 $36,000 $56,000

4 0

3 years ago

During the current year, Morgan, Inc., had net income of $657,000. Morgan also recorded $203,000 in deprecation expense and had

Paraphin [41]

Answer:

$823,000

Explanation:

To determine the net cash provided by operating activities using the indirect method we can use the following formula:

net cash flow = net income + depreciation expense - accounts receivable increase + inventory decrease - accounts payable decrease

net cash flow = $657,000 + $203,000 - $28,000 + $12,000 - $21,000 = $823,000

If accounts receivable decreased, then it would be added.

If inventories increased, then it would be subtracted.

If accounts payable increased, then it would be added.

6 0

3 years ago

In 2005, Clear Channel (an owner of multiple popular radio stations) spun off concert promoter Live Nation into an independent c

lana [24]

The statement the price of radio programming should fall is false.

<h3>What is Complements-in-consumption </h3>

Complements in consumption can be defined as the way in which two or more product complement each other when use of consume together or when use jointly.

Hence, Based on the scenario the statement is false because assuming the both music radio ,and concert are complements in consumption the price of radio programming will not fall.

Learn more about Complements in consumption here:brainly.com/question/12194202

#SPJ1

3 0

1 year ago

Cullumber, Inc. acquired 30% of Marigold Corporation's voting stock on January 1, 2021 for $890000. During 2021, Marigold earned

Strike441 [17]

Answer:

The gain on the sale of investment is $145,325

Explanation:

In determining the gain on the sale of half of the stock,the first thing to do would be determine the cost of the stock sold such that the cost can then be compared with the proceeds from the sale of the investment so as to determine the gain therein.

The total investment should be valued in such a way that the share of profits should be added to the investment while the dividends received would be deducted.

Jan,1 2021 $890,000

Share of profit($367,000*30%) $110,100

less dividends(since it already received in cash

($228,000*30%) ($68,400 )

Value of investment at 31 Dec,2021 $931,700

Share of profit(30%*$467000)*6/12 $70,050

Dividends(30%$128,000) ($38,400 )

Value of investment as at 1 july 2022 $963,350

Note that as at I july 2022 Marigold Corporation is only entitled to half year profits on the investment as well as half year dividends

Cost of half of investment=$963,350*1/2=$ 481,675.00

Gain= proceeds-cost=$627,000- 481,675 =$145,325

4 0

3 years ago

Please subscribe to my mom channelI need 300 subscriber

IgorLugansk [536]

Answer:

I'VE ALREADY SUBSCRIBED

WATCHED VIDEOS

LIKED

PLS MARK ME AS BRAINLIEST

5 0

2 years ago

Read 2 more answers