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Marina CMI [18]
3 years ago
5

Hannah Johnson contributed equipment, inventory, and $53,000 cash to the partnership. The equipment had a book value of $25,000

and a market value of $28,000. The inventory had a book value of $50,000, but only had a market value of $15,000 due to obsolescence. The partnership also assumed a $12,000 note payable owed by Hannah that was originally used to purchase the equipment. ​ What amount should be recorded to Hannah’s capital account?
Business
1 answer:
Salsk061 [2.6K]3 years ago
6 0

Answer:

$84,000

Explanation:

Given that,

Cash = $53,000

Equipment market value = $28,000

Inventory market value = $15,000

Note payable owed by Hannah = $12,000

As Assets contributed to the business are recorded at the fair market value.

Hannah’s capital account:

= Cash + Equipment + Inventory - Notes payable

= $53,000 + $28,000 + $15,000 - $12,000

= $84,000

Therefore, the amount of $84,000 should be recorded to Hannah’s capital account.

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Answer:

A) Pilot strategy

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This could also be a kind of experimentation to evaluate the feasibility of a system before deciding upon it's final implementation.

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3 years ago
When an industry is a natural monopoly:
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Answer:

The answer is D a larger number of firms will lead to a higher average cost

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3 years ago
When might a company be criticized for its lack of corporate social responsibility? A. After cutting wages and benefits in order
gayaneshka [121]

A. After cutting wages and benefits in order to increase profit

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3 0
3 years ago
Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividend
gladu [14]

Answer:

a. $3.5 per share

b. $1.49 per share

c. $38.38 per share

d. 1.93 times

Explanation:

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where,

Net income =  Additions to retained earnings + cash dividends

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So, the earning per share equal to

= $455,000 ÷ 130,000 shares

= $3.5 per share

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= ($4,990,000) ÷ (130,000 shares)

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<span>Normally if one tecnician takes 475 seconds to assemble one air rule smartphone. Then it would take. 20 technicians X secs to do the same So It would take 20 tecnicians X secs = (20 * 475) / 1 = 9500 secs. I. e it takes 20 technicians 9500 secs to manufacture a smartphone. But airrules uses 20 technicians to manufacture the same phone in only 30 secs. So its efficiency would be: Number of secs it takes the 20 techician to manufacture the phone * efficiency = Normal of hours it would usually take 20 techician to manufacture the phone. So we have 30 * X = 9500 X = 9500/30 = 316.777. So they are 316.667 times as efficient.</span>
6 0
3 years ago
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