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Simora [160]
3 years ago
10

What is the preferred method of resolving a partner's deficit balance, according to the uniform partnership act? partners never

have a deficit balance. the other partners must contribute personal assets to cover the deficit balance?
Business
1 answer:
creativ13 [48]3 years ago
5 0
<span>The preferred method of resolving a partner's deficit balance according to the uniform partnership act is that the other partners must contribute personal assets to cover the deficit balance.</span>
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Krazy Kayaks sells its entryminuslevel kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per
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Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per month for volumes up to​ 1,100 kayaks. Above​ 1,100 kayaks, monthly fixed costs are​ $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

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Net operating income= 565,000

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On January 1, a machine with a useful life of 5 years and a salvage value of $15000 was purchased for $115000. What is the depre
grandymaker [24]

Answer:

Annual depreciation (year 2)= $20,000

Explanation:

Giving the following information:

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<u></u>

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