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3 years ago

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A job analysis method by which important job tasks are identified for job success is known as: functional job analysis the criti

cal incident method task inventory analysis competency-based analysis

1 answer:

kramer3 years ago

4 0

A job analysis method by which important job tasks are identified for job success is known as

functional job analysis

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Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol

gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars Debit Credit

Carol Capital Account $4,500

Ross Capital Account $4,500

Ronald Capital Account $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

4 0

3 years ago

Larry lives in Chicago and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of

OLga [1]

Answer:

a)

1. Explicit cost

2. Implicit Cost

3. Implicit Cost

4. Explicit cost

b)

Accounting Profit is $62000.

Economic Profit is -$3000. (a loss of $3000)

Explanation:

a)

Explicit costs are those costs incurred by a business that require an outlay of money as a result of operating a business.

Implicit costs, on the other hand, are the costs that do not require an outlay of money as a result of operating a business. They are instead the opportunity costs of operating a business or the benefits that are foregone.

1. The wages and utility bills are a result of operating a business and requires and outlay of money as their payment. They are <u>explicit costs.</u>

2. The rental income could have been earned if Larry rented the showroom he is using to operate his business from. The rent foregone is an opportunity cost and is an <u>implicit cost.</u>

3. The salary Larry could have earned is also something that Brian has to forego to operate his business and is an <u>implicit cost.</u>

<u />

4. The cost of purchases paid to manufacturer requires outlay of money and is an <u>explicit cost.</u>

<u />

b)

Accounting profit = Total Revenue - Total explicit cost

Economic profit = Total revenue - (Total Explicit Cost + Total Implicit Cost)

Accounting Profit = 793000 - 430000 - 301000 = $62000 profit

Economic profit = 793000 - (430000 + 301000 + 15000 + 50000) = -$3000 loss

6 0

3 years ago

Joel operates his business, carson collectibles, by himself. he has made no election with his state regarding his business. what

Paha777 [63]

<span>Joe's business is most likely a type of sole proprietorship. Sole proprietorships are usually ran by one person who accounts for all of the business expenses as part of their personal taxes so there is no difference between personal and business. This form of business also does not need to file any paperwork with the state. The owner just needs a business license.</span>

3 0

2 years ago

I WILL GIVE BRAINLIEST

Zielflug [23.3K]

Answer:

true...........................

6 0

3 years ago

Read 2 more answers

Consider the following information: Portfolio Expected Return Beta Risk-free 5 % 0 Market 11.2 1.0 A 9.2 1.9 a. Calculate the re

tatiyna

Answer:

The calculations are shown below:

Explanation:

The calculations are shown below:

a. The expected rate of return is

Return = Risk free return + Beta × (Market return - risk free return)

= 5% + 1.9 × (11.20% - 5%)

= 5% + 11.78%

= 16.78%

b. Now the alpha is

Alpha = Actual rate of return - Expected rate of return

= 9.2% - 16.78%

= - 7.58%

c. No , the CAPM is not valid as the expected rate of return is more than the actual rate of return

6 0

3 years ago