Answer:
$ 4, 725
Explanation:
Each broker get 50% of (6/100 x$350,000)
i.e. =50% (0.06 x $350,000)
= $ 21,000/2
=$10,500
Broker kept 55% meaning the office got 45 %
= 45/100 x $ 10,500
= $ 4, 725
Answer:
4. Cash received from customers at the time services were provided
Explanation:
- The cash received by providing services to the clients is an example of the generation of revenue and is an asset resource. The cash that is received from the bank loans is a liability.
- <u>As the cash investments made by owners increase the stockholder's share and it accounts for the common stock. Cash that is received on the sale of land is an asset that is an exchange form of transaction which reduces one as the land and also increases the assets of cash.</u>
Answer:
$140000
Explanation:
Principle = $700000
Rate = 10%
Time = 2 years
Simple interest = P x R x T / 100
Simple interest = 700000 x 10 x 2 / 100
Simple interest = 70000 x 2
Simple interest = $140000
Answer:B and L have formed a partnership even if they did not intend to.
Explanation:Partnerships can be formed in several different ways and can offer an attractive alternative to setting up as a company or a sole trader.
A partnership is the relationship of two or more 'partners' carrying out a business with a view to making a profit. You and your partners are responsible for running the business. You share profits between yourselves. You and your partners are personally responsible for paying the bills (apart from LLPs). Partnerships are not a separate legal entity (apart from LLPs).
Answer:
Explanation:
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