Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.
<h3>What will Zobart receive?</h3>
The amount that Zobart will receive can be found by the formula:
= (Deficit x percentage in partnership/ 75%) + Capital account balance
Solving for the amount going to Zobart gives:
= (14,000 x 35%/75%) + 22,000
= $15,467
In conclusion, the amount to Zobart is $15,467.
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Answer:
D. underwriter
Explanation:
Based on the information provided within the question it can be said that the individual being described in the question is called an underwriter. Like mentioned in the question this is an individual who guarantees sale of securities and accept the financial risk of liability arising from the guarantee on behalf of the issuer of the securities in question.
I believe the answer is d., the federal budget.
Answer:
Revenue that has been earned by the end of December is $ 140,000
Explanation:
When entity uses the accrual method of accounting, the transaction is recorded as and when it occurs.
The subscription revenue received relates to services to be rendered over 12 months. Therefore the Revenue is recognised as magazines are issued over - time.
<em>From the first issue June to end of December , there exists 7 issues of magazines.</em>
Revenue to be recognised = $240,000 × 7/12
= $ 140,000
Answer:
Explanation:
Initiation phase is the first phase of a project management where the project is evaluated to know the purposes it has to be done , how it will be done and the resources needed to execute it.
At this stage , Samantha's team has to clarify and justify the project's purposes and feasibility in order to know why it has to be done and also how it will be completed and its purpose achieved.
