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Vesnalui [34]
3 years ago
15

Fred and george have been in partnership for many years. the partners, who share profits and losses on a 60:40 basis, respective

ly, wish to retire and have agreed to liquidate the business. liquidation expenses are estimated to be $10,000. at the date the partnership ceases operations, the balance sheet is as follows:
Business
1 answer:
Doss [256]3 years ago
6 0
I'm not gonna tell u the answer but u have to set 60:40 as a ratio to set it as a ratio u put 60/40 and then simplify to simplify those two number u have to divide by ten and find the relationship of those two number after y simplify and get ur number u scale up or down so after All those u have a fraction and then do the steps all over to $10,000
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6 0
3 years ago
What is the value of zero-coupon bond with a par value of $1,000 and a yield to maturity of 5.20%? The bond has 12 years to matu
Troyanec [42]

Answer:

$544.265

Explanation:

Given:

FV = $1,000

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N = 12 years

Required:

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= 1000 * 0.544265

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7 0
3 years ago
Yasmine plans to attend a four-year public university. She expects she will need to contribute $9,000 annually to her education.
mojhsa [17]
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7 0
3 years ago
Read 2 more answers
Based on the Taylor Rule use the following information to calculate the target federal funds rate.
Gnesinka [82]

Answer:

8.0 %

Explanation:

inflation gap = 3 - 2 = 1

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= 8.0

4 0
3 years ago
Holding everything else constant, a decrease in the price of bicycles will result in a. a decrease in the quantity of bicycles d
vladimir2022 [97]

Answer:

d. an increase in the quantity of bicycles demanded.

Explanation:

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According to the law of demand, when the price of the good increases the quantity demanded of that good would be decreased keeping other things constant and when the price of the good decreases the quantity demanded of that good would be increased keeping other things constant.

It reflects the inverse relationship between the price and the quantity demanded of the good.

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