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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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In Jan. 2020 Mary Jones was earning $40,000 in net income and spending $39,000 on a yearly basis. Mary Jones loses her job on Ap

Liono4ka [1.6K]

Answer:

to determine her income level, we must add Mary's net salary during the first 3 months + total unemployment benefits for the first 13 weeks (April, May and June) + unemployment benefits for the next 13 weeks (July, August and September) + her normal income received during the last part of the year

total income = ($40,000 x 1/4) + ($947 x 13 weeks) + ($347 x 13 weeks) + ($40,000 x 1/4) = $10,000 + $12,311 + $4,511 + $10,000 = $36,822

total spending = normal spending level during 6 months + reduced spending level for the other 6 months

total spending = ($39,000 x 1/2) + ($39,000 x 1/2 x 9/10) = $19,500 + $17,550 = $37,050

6 0

3 years ago

Which of the following is a good reason to have a financial reserve that's larger than normal? (Select the best answer.) a. Your

oee [108]

Answer:

C- you have a large monthly car payment

Explanation:

Financial reserve of an individual is the money an individual keeps to be able to cater to short-term and emergency needs.

Short-term investments are important for financial reserve because it helps individuals to recover thier money back even though it may produce low rates. Having significant cash reserves gives an individual the ability to make a large purchase while having reserve to cater for other pressing bills immediately. Individuals are advice to have financial reserve especially when they are constantly paying large monthly bills so as not to affect thier primal needs eg an individual having large monthly car payments should have enough reserve to pay for his car and also for his needs because it can come in handy when there financial problems and money is required for something immediately.

5 0

3 years ago

When there is an expansionary gap, inflation will ______, in response to which the Federal Reserve will ____ real interest rates

dalvyx [7]

Answer: increase; raise; decline

Explanation:

An expansionary gap occurs in an economy when the potential output in the economy is less than the actual output.

It should be noted that when there is an expansionary gap, this will lead to a rise in inflation. Since inflation has risen, the government will also increase the real interest rates which will in turn, lead to the reduction in output.

7 0

3 years ago

At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is

bija089 [108]

Answer:

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job Direct Materials Direct Labor Machine Hours

Job 765 $6,160 $1,848 22

Job 766 $10,944 $3,456 64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours × Overhead rate

For Job 765 = 22 × 153

= $3366

For Job 766 = 64 × 153

= $9792

Total job cost i.e balance on the job cost sheets

= Direct Materials + Direct Labor + overhead

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

Cost per unit = [ Total job cost ] ÷ Total units

For Job 765 = $11,374 ÷ 132

= $86.167

For Job 765 = $24,192 ÷ 192

= $126

8 0

3 years ago

What is the ending balance on the statement of changes in owner's equity for this data?

creativ13 [48]

The Owner's Equity statement illustrates the capital account changes due to contributions, withdrawals, net income, or a net loss. So Ending Balance of the statement of changes in Owner's equity will be; Opening capital + Capital Added + Net Income - Owner's Withdrawals.

A one-page report titled a "statement of owner's equity" compares all assets and liabilities to determine the owner's equity's overall value. The snapshot, which is tracked over a predetermined time period or accounting period, depicts the flow of cash through a company.

Owner's equity is simply the difference between the owner's initial investment in the business and any withdrawals made by the owner. For instance: A real estate project with a value of $500,000 and a loan balance of $400,000 would have $100,000 in owner's equity.

Learn more about owner's equity here

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4 0

2 years ago