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777dan777 [17]
3 years ago
10

Partners a and b receive a salary of $30,000 and $60,000, respectively, and share income and losses in a 2:1 ratio, respectively

. if the partnership suffers a $30,000 net loss in 20x5, the entry to close the income or loss into their capital accounts is:
Business
1 answer:
fomenos3 years ago
8 0
<span>Answer:
   Partners a and b receive a salary of $30,000 and $60,000, respectively, and share income and losses in a 2:1 ratio, respectively. if the partnership suffers a $30,000 net loss in 20x5, the entry to close the income or loss into their capital accounts is:</span>
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Which of the statements below is​ FALSE?
Alecsey [184]

Answer:

C. The standard of one vote for each share cannot be altered.

Explanation:

Shares are sold to individuals that now obtain ownership rights of a company.

Common share holders are entitled to voting in of new board members and also have the ability to vote for changes in bylaws of the company.

Also common shareholders are shares have different classes with different voting rights.

However it is not true that the standard of one vote for each share cannot be altered.

When more shares are issued by a company it can result in dilution of shares. That means for example if a person has 10,000 shares in a company with 1 million shares, and the company now issues an extra 1 million shares making 2 million in total now.

The shareholder's standard of vote for each share is now halved

5 0
2 years ago
A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production
umka21 [38]

Answer:

d.$18,900

Explanation:

Gross Profit is the net of Sales value and production cost in the period for the units sold. Under absorption costing all the direct and indirect costs incurred in the production of products are included in the total production cost. As the cost is available for 100 units produced we need to calculate the cost of 90 unit and deduct this cost from the sales value to determine the gross profit and then deduct the operating expenses to calculate the operating income.

Sales (90 units)                                                                  $90,000

Less: Production costs:

Direct materials ( $40,000 x 90/100 )              $36,000

Direct labor ( 20,000 x 90/100 )                       $18,000

Variable factory overhead ( 2,000 x 90/100 ) $1,800

Fixed factory overhead ( 7,000 x 90/100 )      <u>$6,300</u>

Total Production cost                                                       <u>($62,100)</u>

Gross Profit                                                                        $27,900

Less Operating expenses:

Variable operating expenses $8,000

Fixed operating expenses      $1,000

                                                                                          <u>($9,000)</u>

Operating Income                                                             <u>$18,900</u>

6 0
3 years ago
Without _____, leaders can miss important signals that something is going wrong. question 2 options:
lisabon 2012 [21]
<span>Without feedback, leaders can miss important signals that something is going wrong.
</span><span>A communication path between them and their employees (a feedback) is very important in order the leaders to be successful and to achieve the desired results and goals.</span>
4 0
3 years ago
Why might attending trade shows enable managers to respond to uncertainty within an industry?
almond37 [142]
Trade shows show how business is done, and if you know how it's done, you can use it in your company, and if you are the manager, you can help your industry.
5 0
3 years ago
What must be marked on ready to eat bags
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The expiration date must be marked on ready to eat bags.
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