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3 years ago

6

Which of the following is an incorrect step in the process of partnership liquidation? Question 3 options: Paying any liabilitie

s Allocating gains and losses to partners Selling the assets Closing all accounts payable

2 answers:

WITCHER [35]3 years ago

8 0

The correct answer out of the choices is A I believe

Tpy6a [65]3 years ago

4 0

The correct answer to your question is: "Closing all accounts payable."

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FedEx Corp. stock ended the previous year at $113.39 per share. It paid a $0.40 per share dividend last year. It ended last year

Maslowich

Answer:

$4,110 and 12.08%

Explanation:

The computation of the dollar return and the percent return is shown below:

Dollar Return = (Ending Value − Beginning Value) + Income earned

where,

Ending value is

= $126.69 × 300 shares

= $38,007

Beginning value is

= $113.39 × 300 shares

= $34,017

And, the income earned is

= Dividend per share paid × number of shares owed

= $0.40 × 300 shares

= $120

So, the dollar return is

= $38,007 - $34,017 + $120

= $4,110

And, the percentage return is

= (Dollar return ÷ Beginning value) × 100

= ($4,110 ÷ $34,017) × 100

= 12.08%

3 0

3 years ago

Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year a

ser-zykov [4K]

Answer and Explanation:

As per the data given in the question,

Calculation for direct material and equivalent conversion is presented below:

Particulars Materials Conversion cost

Units (a) % of completion (b) Equivalent units (a ×b) % of completion (d) Equivalent units (a × d)

Beginning WIP 6,000 units 0% 0 50%

3,000 units

Completed units 76,200 units 100% 76,200 100%

76,200 units

Ending WIP 4,600 units 100% 4,600 units 65%

2,990 units

Total 86,800 units 80,800 units

82,190 units

Working notes

1. The 50% is considered as 50% is beginning work in process so the remaining would be considered

2. The 76,200 units is come from

= 82,200 units - 6,000 units

= 76,200 units

3. And at last we total beginning WIP + completed units and ending WIP

8 0

3 years ago

A(n) __________is a test where a candidate is put into a high-pressure situation in a controlled environment so that the danger

mario62 [17]

<span>Simulation. It is the imitation of the operation of a real-world process or system over time. Simulation testing lays on the intersection of both property-based and example-based testing. It provides strong guarantees about externally-visible, client behavior. This is done in a controlled environment.</span>

5 0

3 years ago

In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be

RUDIKE [14]

Answer:

Option (B) is correct.

Explanation:

Unit of account:

There are some functions of money or we can say that characterstics of money:

(a) Medium of exchange

(b) Store of value

(c) Unit of account

(d) Standard of deferred payments

Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.

By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.

That's why sea shells unfit to act as money today.

8 0

3 years ago

Marci Luner is going over the finances of her clothing boutique firm. If her firm has a net income of $131,000 and net sales of

MaRussiya [10]

Answer: The profit margin is 22.35 %

Explanation: The formula for profit margin is net profit/ income ÷ net sales.

As such, the profit margin is (131000 ÷ 586000) x 100 = 0.2235 * 100 = 22.35 %

6 0

3 years ago