The partnership most likely formed is a general partnership.
<h3>What is a general partnership?</h3>
A general partnership is when two or more people come together to form a business. The people who come together to create the business are referred to as partners.
In a general partnership, all the partners are responsible for the running the company. All the partners have an unlimited liability.
To learn more about partnerships, please check: brainly.com/question/9909227
Answer:
$395833
Explanation:
Calculation to determine How much money is the firm considering borrowing if the interest rate is 8 percent
Amount to borrowed=(95000 / 75000) = [95000 – (X * 0.08)] / 50000
Amount to borrowed=1.26 = [95000 – (X * 0.08)] / 50000
Amount to borrowed=63333.33 = 95000 – (X * 0.08)
Amount to borrowed=31666.65 = X * 0.08
Amount to borrowed=X=31666.65/0.08
Amount to borrowed=$395833.33
Therefore How much money is the firm considering borrowing if the interest rate is 8 percent will be $395833
Answer:
Answer is option C, i.e. is a list of all accounts and their balances after closing entries.
Explanation:
A post-closing trial balance is the third and last type of trial balance that contains a list of all the accounts that have been created and also all the balances even after the closing entry has been made. This is made after the closing entries have been made in the journal and posted to the ledger.
Answer:
47,000 feet
Explanation:
Given 4 sides:
- 13314 feet
- 8414 feet
- 12458 feet
- 12814 feet
He wants to know the perimeter (sum of all sides) of his property.
So the perimeter for Lester is:
13314 feet + 8414 feet + 12458 feet + 12814 feet
= 47,000 feet
Hope it will find you well.
Answer: c. only final goods to avoid double counting when including intermediate goods
Explanation:
The Gross Domestic Product (GDP) is an economic measure that aims to quantify the strength of an economy by checking it's Economic Activity.
When Calculating GDP, the FINAL value of goods and services produced WITHIN a country are the only amounts included to avoid Double Counting of products.
For example, if in making a television, the company making the TV bought electrical parts for $100 and the LED screen for $50 with labour costs of $50 and then sold it to a store for $300 that then sells the Television at $500, $500 is the amount that is included in GDP calculation. None of those other figures will be added again because they are already implicitly included in the final $500.
