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
OverLord2011 [107]
4 years ago
12

The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits be shared between the p

artners in the ratio of their financial contributions to the partnership. Wilson contributed $100,000, Pickett contributed $50,000 and Nelson contributed $50,000. In the partnership's first year of operation, it incurred a loss of $110,000. What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson?
Business
1 answer:
Dovator [93]4 years ago
8 0

Answer:

$27,500

Explanation:

The computation of the partnership loss borne by the Nelson is shown below:

= (Contributed amount by Nelson) ÷ (Firm contribution amount) × (loss incurred)

= ($50,000) ÷ ($200,000) × ($110,000)

= 0.25 × $110,000

= $27,500

The firm contribution amount would be calculated below:

= Wilson contributed amount + Pickett contributed amount + Nelson contributed amount

= $100,000 + $50,000 + $50,000

= $200,000

You might be interested in
Read the following statements and decide in which one you think it is ?
SOVA2 [1]

Answer:

Uhm...C?

Explanation:

I think so I hope this helps...

5 0
2 years ago
Dure Plastics Inc. manufactures plastic products using injection-molding machines. The spare parts required for the injection ma
Furkat [3]

Answer: Organizational goods

 

Explanation: Organizational goods can be defined as those commodities that are purchased by business entities for their operational activities. These goods are procured by organizations

to increase their effectiveness.

In the above case Dure plastics inc. purchased spare parts for its manufacturing machine, thus, to maintain business operations effectively.

Hence we can conclude that spare parts are organizational goods.

6 0
4 years ago
QUESTION 1
Klio2033 [76]

The format button is used to format a table's text to make it more interesting in PowerPoint.

<h3>What is the work of the Format button?</h3>

As the name suggests, the Format button is used to format the text, table, size, etc. And make more interesting in the PowerPoint, MA word, MS Excel.

The formatting button is used to make the more interesting and attractive texts, tables, pictures, etc.

Therefore, the formatting button is used to make more interesting the text of the table.

Learn more bout the format button, refer to:

brainly.com/question/8517487

4 0
2 years ago
Read 2 more answers
If logan received a​ $2,500 bonus and his mps is​ 0.20, his consumption rises by​ $________ and his saving rises by​ $________.
Anton [14]

if Logan received a $2,500 bonus and his mps is 0.20, his consumption rises by $2,000 and his savings rises by $500

7 0
4 years ago
Danny "dimes" donahue is a neighborhood's 9-year-old entrepreneur. his most recent venture is selling homemade brownies that he
skelet666 [1.2K]

Answer:

A) Price elasticity of demand = 8

B) PED is elastic

C) increase Danny's total revenue

Explanation:

we can calculate the price elasticity of demand using the formula:

PED = % change in quantity demanded / % change in price = [(300 - 100) / 100] / [(1.5 - 2) / 2] = (200 / 100) / (-0.5 / 2) = 2 / 0.25 = 8

if the PED is the same when the price decreases from $1 to $0.50, total revenue will    :

  • when price = $1.50, total revenue = $1.50 x 300 = $450
  • when price = $1, total revenue = $1 x 1,100 = $1,100

*a 33.33% decrease in the price will cause a 266.6% increase (= 33.33% x 8) increase in the quantity demanded = 300 units + (300 x 266.6%) = 300 + 800 = 1,100 units

7 0
4 years ago
Other questions:
  • Determine the missing amounts. Unit Selling Price Unit Variable Costs Unit Contribution Margin Contribution Margin Ratio 1. $900
    13·1 answer
  • The bargaining leverage of suppliers is greater when: Select one: a. Only a small number of suppliers exist and when it is diffi
    6·1 answer
  • Pease Answer ASAP. I need help with sources to answer the following question:
    15·1 answer
  • For which of the following reasons would David​ Laugherty, owner of the Laugherty Associates law​ firm, want to know the total c
    12·1 answer
  • Suzanne is an environmental activist who avoids buying paper-based products unless they are made from recycled paper. Which psyc
    7·1 answer
  • Tyrell Company issued callable bonds with a par value of $24,000. The call option requires Tyrell to pay a call premium of $500
    15·1 answer
  • Gardner electric has a beta of 0.88 and an expected dividend growth rate of 4.00% per year. the t-bill rate is 4.00%, and the t-
    10·1 answer
  • In 20 words or fewer, name some other types of opportunity costs
    10·1 answer
  • Suppose that you are conducting market research at a regional mall in your city. The survey you are administering contains some
    11·1 answer
  • What is good about having a checking account?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!