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3 years ago

When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to

1 answer:

4 0

When a partnership is liquidated, the journal entry to pay the claims of creditors would include a debit to:

B.) each individual creditor and a credit to cash.

When you liquidate a partnership, liabilities must be paid off before partner's investments can be returned to them. In this way, all creditors will be satisfied even if the partner's capital experienced a loss.

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An individual who suffers from a self-reference criterion should learn to take into consideration the ________ before making an

tatiyna

Answer: culture of the other country

Explanation:

Self reference criterion is simply influence of an individual's culture on his or her behavior in certain situations. Individuals try as much as possible to respond in a way associated with their culture when faced with certain situations.

An individual who suffers from a self-reference criterion should learn to take into consideration the culture of the other country before making an international marketing decision. This is necessary to Foster good working relationship.

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4 years ago

During 2019, Savannah Corporation, a calendar year C corporation, had operating income of $730,000, operating expenses of $400,0

lesya692 [45]

Answer:

$81,900

Explanation:

tax liability = (total income - total expenses + long term capital gains - short term capital gains) x tax rate

tax liability = ($730,000 - $400,000 + $90,000 - $30,000) x 21% (corporate tax established by TC&JA) = $390,000 x 21% = $81,900

Corporations pay the same tax rate for normal income or capital gains, unlike individuals who generally pay lower capital gains rates.

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3 years ago

Cisco Systems uses a differentiation strategy. It offers its customers the latest in routers and switches. Cisco products may co

defon

Answer: The corrects answers are "organic", "B. Decentralized decision making allows for greater flexibility in meeting customer needs." and "D. Shorter chains of command and horizontal communication allow for increased innovation.".

Explanation: Cisco Systems will be more effective if it has an organic structure.

The reasons that explain this are that decentralized decision-making provides greater flexibility in meeting customer needs, and through short chains of command and horizontal communication, innovation is promoted.

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4 years ago

Name four reasons for the success of the mongols as conquerors

vagabundo [1.1K]

Here are some of the reasons why the Mongols were so successful as conquerors:
1 they had Genghis Khan - he was a military genius who managed to train his army well and lead them into many battles
2 they were numerous - there were over 10,000 people in the Mongolian army
3 their military strategists were quite crafty - they relied on setting traps and tricking their enemies
4 they used cruelty and fear - everyone was afraid of the Mongols and what they would do to them if they caught them

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4 years ago

The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash bala

RUDIKE [14]

Answer:

The amount should the bank report = $ 21725

Explanation:

Entries:

3.Dr accounts payable 23375

Cr Bank 23375

4. Dr Bank 7500

Cr Account receivable 7500

5. Dr Bank 900

Cr Accounts payable 900

(Error in check)

6. Dr Bank charges 45

Cr Bank 45.

(To record bank charges)

Creative Design co

Bank Reconciliation statement

Balance as per bank statement as Aug -20Y6 = 37600

Adjustment:

Add: Deposit in transit = 7500

Less: Outstanding checks = (23375)

Adjusted balance 21725.

Balance as per Cash book = 20870

Less : Bank charges = (45)

Add: Error in check = 900

Adjusted Balance 21725

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3 years ago