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4 years ago

11

A form of legal organization in which a business association made up of two or more persons is formed for the purposes of carryi

ng on as co-owners

1 answer:

k0ka [10]4 years ago

5 0

Partnership is the answer

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he following information relates to Jay Co.'s accounts receivable for 2004: Accounts receivable, 1/1/04 $650,000 Credit sales fo

lapo4ka [179]

Answer:

$1,085,000

Explanation:

Given that,

Accounts receivable, 1/1/04 = $650,000

Credit sales for 2004 = 2,700,000

Sales returns for 2004 = 75,000

Accounts written off during 2004 = 40,000

Collections from customers during 2004 = 2,150,000

Estimated future sales returns at 12/31/04 = 50,000

Estimated uncollectible accounts at 12/31/04 = 110,000

Receivable before allowances for sales returns and uncollectible accounts:

= Accounts receivable, 1/1/04 + Credit sales for 2004 - Accounts written off during 2004 - Collections from customers during 2004 - Sales return

= $ 650,000 + $2,700,000 - $40,000 - $2,150,000 - 75,000

= $1,085,000

5 0

3 years ago

Roland has purchased a new tablet. How he can avoid risk? Check all that apply.

Softa [21]

I believe the answer is:

- by using a screen protector
(in order to protect your screen from scratch during the usage)

- by using an anti virus app
(to protect your system from unwanted malware or programs that might come in when you're browsing)

- by using a protective case
(to protect your tablet in case it's dropped or stepped on)

8 0

3 years ago

Read 2 more answers

Coworkers yvonne and rodney are trying to finish cleaning up the store by washing dishes and sweeping the floors. to finish both

Stells [14]

Yvonne and Rodney should determine which "has the comparative advantage in dish washing."

Comparative advantage is a economic term that alludes to an economy's capacity to create products and enterprises at a lower opportunity cost than exchange accomplices. A comparative advantage enables an organization to offer products and ventures at a lower cost than its rivals and acknowledge more grounded deals edges.

A standout amongst the most critical ideas in economic theory, similar preferred standpoint spreads out the case that all performing artists, consistently, can commonly profit by collaboration and deliberate exchange. It is likewise a basic rule in the theory of international trade.

6 0

4 years ago

Jane was a partner at a law firm earning $223,000 per year. She left the firm to open her own law practice. In the first year of

In-s [12.5K]

Answer:

accounting profit from her first year = $184000

so correct option is D. $184,000

Explanation:

given data

earning = $223,000 per year

generated revenues = $347,000

explicit costs = $163,000

to find out

accounting profit from her first year

solution

we know that accounting profit is the difference between explicit cost and explicit revenue so

we get accounting profit from her first year is as

accounting profit from her first year = generated revenues - explicit costs .................1

put here value we get

accounting profit from her first year = $347000 - $163000

accounting profit from her first year = $184000

so correct option is D. $184,000

6 0

3 years ago

Suncoast Healthcare is planning to acquire a new x ray machine that costs $200,000. The business can either lease the machine us

miskamm [114]

Answer:

a. what is Suncoast's current debt ratio?

debt ratio = liabilities / equity = $400,000 / $600,000 = 0.67

b. what would the new debt ratio be if the machine were leased? if it is purchased?

if X-ray machine is leased, debt ratio = $400,000 / $600,000 = 0.67

if X-ray machine is purchased, debt ratio = $600,000 / $600,000 = 1

c. is the financial risk of the business different under the two acquisition alternatives?

yes, because a higher debt ratio means that the company is under a higher financial stress since it has more outstanding loans, which increases the financial risk.

7 0

3 years ago