Answer: Partnership
Explanation: In simple words, partnership refers to an agreement between two or more independent parties to join their forces for achieving a common business goal with the ultimate objective of earning profit.
In the given case, Dan and Emily were sole proprietors and now they are joining their forces also the case states their new entity will not be a separate entity and both of the owners will be having unlimited debt.
Hence from the above we can conclude that this is a partnership business.
Answer:
46 days
Explanation:
Given that,
Ending Accounts Payable = $1,242
Cost of goods sold = 9,855
Average accounts payable = 1,193
Payable turnover ratio = Cost of goods sold ÷ number of days
= 9,855 ÷ 365
= 27
Days Payable Outstanding:
= Ending Accounts Payable ÷ Payable turnover ratio
= $1,242 ÷ 27
= 46
Therefore, the payable days outstanding for 2014 is 46.
<span>Adina deposits $1,000 in the bank. The bank can then use her savings to make loans to/for investors. </span>
The contribution margin approach helps managers in short-tern decision making because it reports costs and revenues at their current value.
The contribution margin ratio/approach allows companies to determine their profits they can make from a product minus variable costs.
The formula used to determine free cash flow is cash from operations minus capital expenditures.
