Answer:
A. Jennifer is correct. Her mom’s salary in today’s dollars would be $42256.
Explanation:
<u>purchase power relationship between 1975 and today:</u>
231/82 = 2.817073
<u>Purchase power of 15,000 dollars of 1975 today:</u>
15,000 x 2.817073 = 42,256.09756 = $42,256
As jenifers salary today is 50,000 She is corect, It is earning more than his mother at her first job
Answer:
Explanation:
a) loss from selling the assets = Total liabilities - amount not sufficient to pay for creditors = 78000 - 28000 = 50000
Loss = Assets - loss from selling the assets = 126000 - 50000 = 76000
B) allocation of loss
Turner = 76000 * 10% = 7600
Roth = 76000 * 40 % = 30400
Lowe = 76000 * 50 = 38000
C) partners capital after allocating above loss
Turner capital = 2500 - 7600 = -5100
Roth = 14000 - 30400 = -16400
Lowe = 31500 - 38000 = -6500
Contribution from partners required to pay 28000 debt
:
Turner = 28000 * 10% = 2800
Roth =. 28000 * 40% = 11200
Lowe = 28000 * 50% = 14000
Answer:
Dr. Cr.
Cash $514,100
Discount on bond payable $15,900
Bond Payable $530,000
Explanation:
Cash is received against the Bond issued is debited due to its debit nature and the bond payable account is credited because it is a liability and its nature is credit.
Cash Received = ( 530,000 / 100 ) x 97 = $514,100
Discount = (530,000/100) x (100 - 97) = $15,900
Answer:
Controlling.
Explanation:
Controlling is the process of measuring and correcting activities (plans, organization, personnel etc.) of an organization. Can be considered as the activity for knowing and correcting important changes in the activities that are planned because determines what is being tackled by evaluating the performance and if there is a deviation, by applying corrective measures so that the activities take place according to plans.
Planning is related to controlling. The failure of planning would mean failure in controlling and the success of planning means success of controlling.
Controlling alerts the manager to potentially critical problems:
* Top Management – when goals are not met.
* Middle and Lower Management – when the objectives are not met.
Managers can use the following: Prevent crises, Standardized outputs, Appraise employees performance, Update plans, Protect an organization’s asset
Answer: $5,000
Explanation:
The Common Stock account of a company will record stock only at the Par Value so that the Balance sheet is more accurate.
As such, the common stock account here will increase by;
= 1,000 * $5 par value
= $5,000