Since dale has admitted that he has used it for his own gas, Dale should henceforth has to options.He has to either see whether that is according to his salary package, If it is a miscellaneous expenses it is rather too high for Dale to use that $450. He should track in fuel cost of Dale report it on a daily basis. He should always at the end of the day check his income and expenses.
Explanation:
- Sue needs to check his income expenses on a daily basis.
- He should confront Dale henceforth not use cash for personal use.
- He should collect the money Dale should show the receipt to Sue.
- He should let sue control the money.
- It has a deficit because, He did not manage to keep the money align.
- Dale used for personal expenses totally against the business loss.
Answer:
Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE
Explanation:
What is Partnership
Partnership is a form of business, where individuals come together to carry on business with the primary intention of making profit. Mostly, they come together by contributing capital and expertise to make the business work . Every partner is however liable and responsible for both the profit made and the losses or liabilities of the partnership.
Although the general partner has unlimited liability, every partner is however jointly and severely liable for the business
Were Summemour and Hatcher Liable?
This case is referred in the J.T. Turner Construction Company v. Summerour and Hatcher(2009). The court this case declared that both Hatcher and Summemour were jointly and severally liable as a result of the following reasons.
A partner becomes liable especially for a prior judgment based on the following
1. The partnership has proven indebtedness
2. A general partner in the partnership was sued to court
Based on these, Summemour and Hatcher WERE JOINTLY and SEVERALLY LIABLE
Answer:
Suppose that in year 2021, Bloomfield had equal share of percentage of ownership in Clor as they had in previous year i.e 2020, it means that in 2021, the share of percentage that will be held by Bloomfield in Clor will be 26.59%
Explanation:
From the above, we will assume that Bloomfield stake in Clor using equity method and also investment in 2020 was $150,650 and $165,300 in 2021.
Inorder to calculate the percentage , we can make it Y hence we will add amount in 2020 with Y% of (Net income - Dividend declared) inorder to arrive at the total amount in 2021.
Solution.
$150,650 + Y% (75,600 - $20,500) = $165,300
$150,650 + $55,100Y = $165,300
$55,100Y = $165,300 - $150,650
$55,100Y = $14,650
Y% = $14,650/$55,100
Y% = 0.26588
Y = 0.26588 × 100
Y = 26.59
Answer:
Net Cash Increase of $115
Explanation:
Receivable Increases by $150 means a cash outflow in receivable by $150 because Increase in Receivable indicates that there are more sale on credit is made than cash received from the customers. So, the outflow in the receivable section is more than the inflow.
Inventory Decreases by $95 means the inventory sold during the period is more than purchases / manufactured. It result in cash inflow as cash is not being held in the form of inventory.
Accounts Payable increases by $225 means that company is making less payment to its suppliers, so that its balance has been increase. Company made more purchases than payment made to suppliers. Net cash Inflow is observed from this.
Common dividend payment of $55 means a direct cash outflow because actual cash has been paid during the year.
Net Effect on Cash = Cash inflows - Cash outflows
Net Effect on Cash = ( Inventory decrease + Accounts Payable increase ) - ( Accounts Receivables increase + Common dividend payment )
Net Effect on Cash = ( $95 + $225 ) - ( $150 + 55 )
Net Effect on Cash = $320 - $205
Net Effect on Cash = $115
Net Cash Increase of $115
Answer:
So the buyer wants the car.
Explanation:
Many people buy a rolls royce due to the high quality and they are on the knowledge that it is manufactured with high quality.
