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TiliK225 [7]
3 years ago
6

Abby starts up Bowls Bistro to serve and sell soups for workday lunches. Abby leases space in an office building owned by Carmen

. The lease requires Abby to pay Carmen a base rental of $1,250, plus 10 percent of Bowls Bistro's profits, each month. The term is two years.
Abby hires Devin to take and fill customers' orders at an hourly wage of $15.00, plus tips. ​Abby and Carmen are:

A) not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.

B) not partners, because the lease includes a "base rental."

C) not partners, because the rent includes only 10 percent of the profits.

D) partners in a partnership for two years.
Business
1 answer:
Schach [20]3 years ago
3 0

Answer:

Correct option is A.

<u>Not partners, because Carmen does not have an ownership interest or management rights in Bowls Bistro.</u>

Explanation:

Because he has no managerial or ownership rights, That's why they are not partners in the given scenario.

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In 2019, BayKing Company sold used equipment for $17,000. The equipment had an original cost of $80,000 and accumulated deprecia
miv72 [106K]

Answer:

$73,000

Explanation:

Equipment net book value (NBV) = $80,000 - $60,000 = $20,000

Loss on sale of equipment = NBV - Sales proceed = $20,000 - $17,000 = $3,000

Net operating cash flows for 2019 = Net income - Loss on sale of equipment = $76,000 - $3,000 = $73,000

7 0
2 years ago
The effective Fed Funds Rate is the_________.
soldi70 [24.7K]

Answer:

The answer would be B

Explanation:

The effective federal funds rate is the interest rate banks charge each other for overnight loans to meet their reserve requirements. Also known as the federal funds rate, the effective federal funds rate is set by the Federal Open Market Committee, or FOMC.

7 0
3 years ago
1) Household spending on goods and services is known as A) consumption spending. B) planned investment spending. C) government p
Levart [38]

Household spending on goods and services is known as consumption spending.

Explanation:

Consumption spending is the purchasing of goods and services by individuals or families. At the macroeconomic point, it is the bulk of aggregate demand. Household spending is the amount resident households pay for end-consumption spending to meet their daily needs.

Consumer spending is the overall money that individuals and households spend on the final goods and services for personal use and pleasure in an economy. Consumer spending is a major economic driving factor and a central principle in economic theory.

5 0
2 years ago
A binding minimum wage will increase the income of Question 7 options: A. all workers. B. potential workers seeking employment.
katovenus [111]

Answer:

D. only those workers in jobs that would normally pay more than minimum wage.

Explanation:

A minimum wage is a price floor implemented by the government, which ensures that an employer must pay a minimum rate of pay to an employee, and anything lower than this rate of pay is illegal. “A minimum wage is binding if it is set above the equilibrium wage.

5 0
3 years ago
Read 2 more answers
Lusk Corporation produces and sells 14,300 units of Product X each month. The selling price of Product X is $25 per unit, and va
zloy xaker [14]

Answer:

Annual financial disadvantage = $ (669,600)

Explanation:

Relevant cost are future incremental cash costs that arise as a direct consequence of a decision.

The relevant costs of this decision to disconnected includes the following:

  1. The variable cost of making the product = $19 per unit
  2. Sales revenue at a price of $25
  3. Savings in  avoidable fixed costs (102,000-72,000) = 30,000

Annual financial advantage                                

                                                                       $

Lost contribution $(25-19)× 4,300 units =   (85,800)

Saving in fixed cost =                                   <u>  30,000</u>

M<em>onthly net loss                                            </em><em><u> 55,800</u></em>

Annual financial disadvantage

Monthly net loss × 12 months

=  (55,800)  × 12

=  $ (669,600)

8 0
3 years ago
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