Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.
<h3>What will Zobart receive?</h3>
The amount that Zobart will receive can be found by the formula:
= (Deficit x percentage in partnership/ 75%) + Capital account balance
Solving for the amount going to Zobart gives:
= (14,000 x 35%/75%) + 22,000
= $15,467
In conclusion, the amount to Zobart is $15,467.
Find out more on capital distributions at brainly.com/question/22693552
#SPJ1
Answer:
A credit bureau
Explanation:
A credit bureau is a agency which collects the credit history of consumers so that creditors can make decisions about granting loans. So the only logical choice is for Martha's lender to check with them to get her credit history before denying or granting her a mortgage or loan.
In the context of business management, the purpose of budgeting includes the following three aspects:
•A forecast of income and expenditure (and thereby profitability)
•A tool for decision making
•A means to monitor business performance
Mark's action on the given scenario above is that he is showing courtesy. Courtesy is a way of showing politeness towards other people. This is shown where Mark ended the call because Kelly already arrives. He prioritizes Kelly first because he does not want to make her wait and she's already there to see him.
Answer:
B)owners' equity and decrease assets.
Explanation:
From the question, we are informed about Ringgold Co. Whereby At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. In this case, The effect of this entry on the company's balance sheet is to decrease owners' equity and decrease assets. Depreciation can be regarded as type of expense that brings reduction in value of an asset. It can be regarded as scheduled and not estimated expense . Depreciation can be recorded on balance sheet, as well as cash flow statement.