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3 years ago

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Good friends, bernie and latasha, both studied accounting in college. recently, they decided to work together as co-owners of a

small accounting firm. this is an example of a(n) _____.

1 answer:

-BARSIC- [3]3 years ago

3 0

This is an example of a partnership

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Behavioral economistsLOADING... attribute some consumer behavior to the endowment effect. Which of the following is an example o

mestny [16]

Answer: Option C

Explanation: As per the subject matter of behavioral economics, endowment effect refers top the phenomenon under which it is assumed that a rational individual will retain a commodity he or she already owns rather than acquiring the same commodity if he do not own it.

Hence from the above we can conclude that correct option is C as it states that one will not sell a painting even though at a price that the holder would pay to purchase it himself.

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The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice q

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The goals of labor are such that they want better pay and working conditions.

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3 years ago

Supporters of free trade argue that it creates which economic benefit?

Zepler [3.9K]

Answer:

C. Increasing efficiency by allowing for greater specialization

Explanation:

A free economy is one where the forces of demand and supply determine production and consumption. The government or the central authority does not interfere with economic activities in a free economy.

In a free economy, the factors of production are held by the private sector. There is increased business competition as entrepreneurs have the freedom to open a business of their choice. Buyers have the liberty to buy from their preferred suppliers. Businesses are profit-motivated, which forces entrepreneurs to be creative and innovative to win customers and make more sales. They have to specialize and increase their efficiency to be more competitive.

7 0

3 years ago

Read 2 more answers

In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ra

uysha [10]

Answer:

C. Stella, Capital will be debited for $4,000.

Explanation:

As for the provided information, we have,

Out of all the partner's Tiffany is retiring.

Tiffany's capital balance = $50,000

On his retirement he is paid $60,000

Since no goodwill is recorded, the excess amount paid over capital = $60,000 - $50,000 = $10,000, will be debited in remaining partner's ratio.

Ron's share in these $10,000 = $10,000 $\times$ 3/(3+2) = $6,000

Stella's share = $10,000 $\times$ 2/(2+3) = $4,000

Thus, Correct answer is debiting Ron's capital by $6,000 and Stella's capital by $4,000

3 0

3 years ago