Skills that will be useful for a roofer:
1. I am physically fit and strong -
3. Math and shop class. Math is important because there will be measurements and counting involved.
4. Good at managing my own time.
The effect on the accounting equation will be Liabilities and assets decrease.
In economic accounting, a liability is described because of the future sacrifices of monetary advantages that the entity is obliged to make to other entities due to past transactions or other beyond events.
A liability is something a person or company owes, commonly a sum of money. Liabilities are settled over the years via the switch of economic blessings which include cash, goods, or offerings.
There are three primary classifications for liabilities. they're current liabilities, long-term liabilities, and contingent liabilities. Contemporary and lengthy-time period liabilities are going to be the most commonplace ones which you see for your enterprise.
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Answer:
The correct answer is a. Sarah will be held personally liable even though she is a limited partner, and Mindy will also be held liable as a general partner.
Explanation:
For its part, it should be noted that each of the partners of a limited company has a series of rights.3 Among them are the following:
- Right to participate in the distribution of benefits and in the assets of the company in case of liquidation.
- Right of first refusal in the acquisition of participations of outgoing partners.
- Right to participate in social decisions and to be elected as administrators.
- Right to information in the periods established in the deeds.
- Right to obtain information on the accounting data of the Company.
What are the answer choices?
Answer: $3.40
Explanation:
Based on the information given in the question, the materials cost per unit will be calculated thus:
First, we'll calculate the completed units which will be:
= 18500 - 1400
= 17100
Ending inventory = 1400 units
Equivalent Production Unit with respect to Material = (17100 x 100%) + (1400 x 100%)
= 18500 Units
Material Cost Per Unit will be:
= Total Material Cost / Equivalent Production Unit
= $62900 / 18500
= $3.40 per unit
The material cost per unit is $3.40
