1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
harkovskaia [24]
3 years ago
6

Cor-Eng Partnership was formed on January 2, 20X1. Under the partnership agreement, each partner has an equal initial capital ba

lance accounted for under the goodwill method. Partnership net income or loss is allocated 60% to Cor and 40% to Eng. To form the partnership, Cor originally contributed assets costing $30,000 with a fair value of $60,000 on January 2, 20X1, while Eng contributed $20,000 in cash. Drawings by the partners during 20X1 totaled
$3,000 by Cor and $9,000 by Eng. Cor-Eng's 20X1 net income was $25,000. Eng's initial capital balance in Cor-Eng is
A. $25,000
B. $20,000
C. $60,000
D. $40,000
Business
1 answer:
hjlf3 years ago
8 0

Answer:

$20,000

Explanation:

The problem simply asks for Eng's initial capital balance in Cor-Eng partnership and it is just Eng's <u>contributed cash of $2,000</u> to form the partnership.

No need to dwell on the other amounts. Just focus on what was being asked and you'll not get lost ^_^

You might be interested in
In the textbook by Kathleen Allen, she describes a sample protection net for an integrated circuit by describing 15 different it
Angelina_Jolie [31]

Answer:

The answer to this question can be defined as follows:

Explanation:

  • In option 1, Design safety for IP- It is the enrollment of design gives its designer to its exclusive privilege to use and enable others to be using the layout, which includes the right to produce, offer, market, import, use, or store for such reasons, an item where the design is implemented. Its design wind safety results vary between 5 and 25 years from region to region.
  • In option 2, Trade protection- A trade secret is a kind of industrial assets in the form of a non-publicly recognized and reasonably analyzable system, process, method, layout, tool, pattern, collection. It ensures a competitive edge because of its holders. Its proprietor should keep it private if a company's mystery is to be efficient.  
  • In option 3,  Its technology License for making a production comes which other rivals can not use to produce a semi-driver of this kind.
8 0
3 years ago
n 2010, Tara used $50,000 from funds she had invested in certificates of deposit as a down payment to buy a house. What function
yuradex [85]

Answer:

Medium of Exchange

Explanation:

A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.

A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.

Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.

3 0
4 years ago
"the table above shows the payoff matrix offered to two suspected criminals, bonnie and clyde. the payoffs are the years they wi
Semmy [17]
They both will confess to the other's crimes.

They both could get lighter sentences for co-operating with each other, but since they are not allowed to communicate with each other, and hence will have only their best interests in mind, to betray the other for his own good. However, when they both do this, it becomes a double betrayal, and hence their sentences become even longer.
6 0
4 years ago
A theme that begins in this course and is carried throughout the Public Information Training Series, the "95/5" concept A. is pr
Firdavs [7]

Answer:

Correct Answer:

B. takes its origin from two sources: management consultant D. Edward Deming and Italian economist Vilfredo Pareto.

Explanation:

<em>In the public information training series, the best option for the theme in question which was been described is the Option B which shows that, it got its origin from two different sources.</em>

6 0
3 years ago
A local business using testimonials in advertising can be very effective if it reaches the interest of specific demographics. Th
Korvikt [17]

Answer:

B. Unique

Explanation:

Unique demographics advertising is the scenario in which a company designs an add to reach a specific niche of the market. In this case the company is using previous client’s experiences to give their testimonials of the product.  

This technique is used almost by all big companies as a part of their selling speech.  The aim is to give trust in the product or service for future clients. usually a short video is displayed with the testimonials captioning the name and job position within the company that previously bought the good or service, this caption is a way to prevent deceive information or bogus testimonials.

5 0
3 years ago
Other questions:
  • The following selected transactions relate to cash collections for a firm that maintains a $100 change fund at all times. Presen
    15·1 answer
  • Why is gossiping at the workplace unprofessional?
    11·2 answers
  • How do major automobile manufacturers source their components? Multiple Choice
    13·1 answer
  • Which type of employee is most likely to report ethical issues in the workplace? rank and file. middle managers. executives. tem
    6·1 answer
  • When the price of a good or service is _________enough, it will encourage consumers to buy. However, the price also has to be __
    5·1 answer
  • what are the advantages and disadvantages of using globalization (mass marketing) versus customization (market segmentation) for
    8·1 answer
  • The decision to take less salary in a year when the company was less profitable and employees' pay was cut is an example of Nish
    11·1 answer
  • Jill Parker owns​ 2,000 acres of ranchland in Iowa.​ Recently, a supply of natural gas was discovered on her property. Not knowi
    14·2 answers
  • The materials price variance is calculated using the ______ quantity of the input purchased.
    8·1 answer
  • Cheque issued for advertisement of rs 8000 journal entry​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!