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3 years ago

Business partnerships must involve partners who are willing to do which of the following

Business

1 answer:

Scilla [17]3 years ago

6 0

Answer:

B)learn, adapt and adjust to others

Explanation:

Partnership is a form of business owned by two or more people. They raise capital and when profit is made, the partners share profits. The success of the partnership will be determined by several factors. Since the business is owned by both parties with different personalities, willingness to learn, adapt and adjust to others is necessary. Reckless decisions making however, would affect all partners since each will be directly affected by these bad decisions.

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The fixed cost of a production system is $20,000, and the variable cost per unit product is $17. The product has a revenue of $2

dimaraw [331]

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed costs= $20,000

Unitary variable cost= $17

Selling price= $28 per unit.

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 20,000 / (28 - 17)

Break-even point in units= 1,818 units

<u>Now, the profit for 1,500 units:</u>

Loss= 1,500*11 - 20,000= -$3,500

8 0

3 years ago

7. The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $1.87 million, and the 2018 balance sheet show

irina1246 [14]

Answer:

The firm's cash flow to creditors during 2018 was –$85,000

Explanation:

The firms cash flow to creditors would be calculating by substracting the interest expense of the firm to the long-term debt taken during the period.

Cash flow to creditors = Interest expense – Net new LTD borrowing

Cash flow to creditors = Interest expense – (LTDend – LTDbeg)

Cash flow to creditors = $255,000 – ($2,210,000 – 1,870,000)

Cash flow to creditors = –$85,000

6 0

3 years ago

Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production fa

Anna007 [38]

Answer:

Given,

Annual demand, D = 12500,

Setting up cost, S = $ 49,

Production rate per year, P = production facility × capability of production = 300 × 105 = 31500,

Holding cost per year, H = $ 0.15,

Hence,

(i) Optimal size of the production run,

$Q = \sqrt{\frac{2DS}{H(1-\frac{D}{P})}}=\sqrt{\frac{2\times 12500\times 49}{0.15(1-\frac{12500}{31500})}}=3679.60238126\approx 3680$

(ii) Average holding cost per year,

$=\frac{QH}{2}(1-\frac{D}{P})$

$=\frac{3680\times 0.15}{2}(1-\frac{12500}{31500})$

$=166.476190476$

$\approx \$ 166.48$

(iii) Average setup cost per year,

$=\frac{D}{Q}\times S$

$=\frac{12500}{3680}\times 49$

$=166.44021739$

$\approx \$ 166.44$

(iv) Total cost per year = average setup cost per year + average holding cost per year + cost to purchase 12500 lights

= 166.44 + 166.48 + 12500(0.95)

= $ 12207.92

7 0

3 years ago

Berkshire Inc. uses a periodic inventory system. At the end of 2015, it missed counting some inventory items, resulting in an in

zlopas [31]

Answer:

Assets understated by $510,000, liabilities understated by $153,000 and shareholders' equity understated by $357,000.

Explanation:

An understatement of closing inventory will have the following effects,

First of all the inventory as an asset is understated by $510,000

Second, this inventory was subject to deduction from the Cost of goods sold as, Cost of goods sold = Opening Inventory + Purchases - Closing Inventory.

Since this amount was not subtracted from the CGS, the gross profit and ultimately the Net profits were understated by $510,000.

This will be added in the net profits.

With an increase in net profits, the tax payable amount also increases. This is calculated as 510,000 * 0.30 = $153,000

So total change in profits is = 510,000 - 153,000 = $357,000

While $153,000 is still payable and is recorded as a tax payable liability.

Thus,

Assets understated by $510,000

Liabilities Understated by $153,000 (tax payable)

Share holders equity understated by $357,000 (part of retained profits)

Hope that helps.

6 0

3 years ago

The part of the computer that contain the brain or central processing unit, is also know as the A. Modem b. Monitor. C. System u

timofeeve [1]

The awnser is C. system unit

7 0

3 years ago