Answer:
Explanation:
Journal Entry is the way to record transactions, i.e business transactions into the record of account which is called Journal Book. It involves the identification of those account present in the transaction,know the type of account, then with accounting rule, record the transaction.
CHECK THE ATTACHMENT FOR THE PREPARED JOURNAL
Is it a multiple choice question? Anyway, this is the definition of a limited partnership:
<span>A Limited Partnership is a partnership consisting of a general partner, who manages the business and has unlimited personal liability for the debts and obligations of the Limited Partnership, and a limited partner, who has limited liability but cannot participate in management.</span>
Answer:
D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.
From the subject of economics, specifically macroeconomics, it says that the statement above is false. <span>Business cycles, not business fluctuations, are systematic increases and decreases in real GDP. Business fluctuations are called unsystematic changes. </span>
Answer:
Decrease by $27000
Explanation:
Given that
Contribution margin = 44000
Initial fixed cost = 54000
Final fixed cost = 37000
Recall that
Net operating income = Contrubution Margin - Net fixed cost.
NOI = 44000 - (54000 - 37000)
NOI = 44000 - 17000
NOI = $27000
Thus, Net operating income decreased by 27000.