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3 years ago

According to the Uniform Partnership Act, the three key elements of any general partnership are:

Business

1 answer:

Fudgin [204]3 years ago

7 0

Answer:

Common ownership, shared profits, and losses, and right to participate in management.

Explanation:

Partnership can be defined as a type of business arrangement between two or more persons. These individuals participate in the management of the business and also share the profits.

General partnership can be defined as an agreement between two or more individuals to participate jointly in the day to day management of the organisation. General partnership are easy and less expensive to establish. The financial responsibility of the business is shared equally among the partners.

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Taylor Company began manufacturing operations on January 2, 20X1. During 20X1 Taylor reported pre-tax book income of $150,000 an

aleksley [76]

Answer:

$11,300

Explanation:

The computation of the deferred tax asset is shown below:

= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)

= 21%($30,000) + 25%($15,000) + 25%($5,000)

= $6,300 + $3,750 + $1,250

= $11,300

3 0

3 years ago

The following information relates to Conejo Corporation for last year: Book value per share $ 40 Par value per share $ 12 Divide

Ede4ka [16]

Answer:

price earning ratio = 2

Explanation:

given data

Book value = $40 per share

Par value = $12 per share

Dividends = $5 per share

Dividend payout ratio = 20 %

Dividend yield ratio = 10 %

solution

first we get here market price per share by dividend yield ratio that is express as

dividend yield ratio = Dividends per share ÷ market price per share ........................1

put here value we get

market price per share = $\frac{5}{0.10}$

market price per share = $50

and

now we get earning per share by dividend payout ratio that is express as

dividend payout ratio = dividend per share ÷ earning per share .................................2

put here value we get

earning per share = $\frac{5}{0.20}$

earning per share = $25

so now we get here price earning ratio that is

price earning ratio = market price per share ÷ earning per share ..........................3

put here value we get

price earning ratio = $\frac{50}{25}$

price earning ratio = 2

4 0

3 years ago

An income statement for Sam's Bookstore for the first quarter of the year is presented below: Sam's Bookstore Income Statement F

yawa3891 [41]

Answer:

The contribution margin for Sam's Bookstore for the first quarter is 0.84 or 84 %

Explanation:

Contribution Margin = Contribution ÷ Sales

Where,

<em>Contribution = Sales - Variable Costs</em>

where,

Sales :

Sales = $ 900,000

Number of Books Sold = $ 900,000 ÷ $50

= 18,000 books

Variable Costs Calculation :

Cost of goods sold $630,000

Variable selling expenses ($5 × 18,000 books) $90,000

Variable administrative expenses( 4% × $ 900,000) $36,000

Total Variable Costs $756,000

Therefore,

Contribution Margin = $756,000÷ $ 900,000

= 0.84 or 84 %

7 0

3 years ago

Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store. This volum

jeyben [28]

Answer:

C. The choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what to produce to maximize profits.

Explanation:

The extremely large amount of products that large hardware stores, such as Office Depot, carry, are most likely a consequence of the combination of these factors. On the one hand, the customers who go to this stores have a particular want, and their purchases are intended to satisfy these wants. On the other hand, the producers also have to make a choice, and they generally chose the products that are most likely to maximize their profits.

5 0

3 years ago

The beef industry denies that "mad cow" disease is an issue in the U.S., resists increased inspections of cattle arriving slaugh

vfiekz [6]

Answer: Reactive Public Relation

Explanation:

Here, in this particular case we can state that the reactive public relation tends to best describe this approach taken by the industry. Traditionally, the reactive public relation is known to be referred when there is a requirement for crisis management. For several organizations , the known resort still tends to be reactive public relation.

4 0

3 years ago