Answer:
$90,000
Explanation:
Calculation to determine what Jamie’s at-risk limitation on losses is:
Using this formula
Risk limitation on losses=[Partnership M +(General partnership interest× Recourse debt agreement)]
Let plug in the formula
Risk limitation on losses= [$40,000 + (50% × $100,000)]
Risk limitation on losses=($40,000+$50,000)
Risk limitation on losses=$90,000
Therefore Jamie’s at-risk limitation on losses is:$90,000 and the reason why Jamie’s at-risk limitation on losses was the amount of $90,000 was because of his share of the recourse debt of the amount of $100,000 as well as the cash amount of $40,000 he invested.
In Volkswagen, part of the reason, I believe, that they stayed in Russia, is because Russia and Germany have, in many instances, combined military and political forces. For Russia, it's a pro to their economy because they are able to hire more people there. It is a con in the sense that it may cost Volkswagen more money to be there in Russia than what their income may total.
Answer:
d. Calculate total revenue minus total expenses
Explanation:
Profit is Calculated as Total revenue minus Total expenses. Therefore, consider all Incomes generated by the Business whether Primary or Secondary. Also consider all Expenses incurred by the business including Non - Operating expenses.
Answer:
The journal entry to record the write down is:
Dr Cost of goods sold 1,000
Cr Inventory 1,000
Since cost of goods sold increases, then net income (income statement) will decrease. A decrease in net income will also result in lower retained earnings (balance sheet).
It is good to have interview experience.
It is good to accept an interview for a promotion because it is beneficial to get interview experience. You will become more comfortable in an interview and it will help you be better prepared for future interviews.
