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3 years ago

11

After a partner is admitted to a partnership, the partner's proportionate share of any increase in partnership liabilities resul

ts in a decrease in the partner's adjusted basis in the partnership.1. True2. False

1 answer:

Salsk061 [2.6K]3 years ago

6 0

Can you help me ?
Which value plotted on the number line rounds up when rounded to the nearest tenth?

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When sales increase by 9%, which of the following should also increase by 9% in a merchandising company?(A) Variable cost(B) Fix

cupoosta [38]

Answer:

(A) Variable cost

(C) Gross margin

D) Contribution margin

Explanation:

mathematically:

Gross Margin = Sales – cost of goods sold

for constant cost of good sold, an increase in sales alternately increases the gross margin.

and

Contribution Margin = Sales – Variable costs

as sales increase, the variable cost has to increase so as well the contribution margin has to increase.

5 0

4 years ago

Explain why monopoly is uncommon in the real world

lara [203]

Explanation:

There are certain necessary conditions required for a market to operate as a monopoly. These conditions are not generally met in the real world. This is the reason why monopolies are very rare not so common in the real world.

A monopoly is a market structure where there is a single producer selling a product with no close substitutes. In the real world, almost all products have substitutes.

Also for a monopoly to operate there should be a restriction on entry and exit of firms which is difficult to hold in the real world.

7 0

4 years ago

Acme Enterprises just bought a new manufacturing machine. Which of these costs should be capitalized? (Check all that apply.)

ankoles [38]

Answer:

Option D, E and F. See below for information.

Explanation:

Costs are capitalized when they form a principal part of the asset. These costs may include any costs that are needed to make the asset operational and any costs that are incurred to bring the asset to operating premises.

As such the $15,000 freight bill that brings the asset in premises, the invoice price of $500,000 which comprises the cost of the capital asset and the one time cost of $8,000 to tear down the wall and install the asset are all capital costs and are to be capitalized in the final cost of the asset to be recorded.

All other are annual expenses are not to be capitalized (Option a, b and c)

Hope that helps.

4 0

3 years ago

The current sections of Buffalo Corp.’s balance sheets at December 31, 2016 and 2017, are presented here. Buffalo Corp.’s net in

Triss [41]

Answer and Explanation:

The preparation of the cash flow from operating activities is presented below:

Cash Flows from Operating Activities

Net income $155,448

Adjustments

Add: Depreciation Expense $27,432

Add: Decrease in Accounts receivable $9,144 (81,280 - 90,424)

Add: Decrease in Inventory $4,064 (170,688 - 174,752)

Less: Increase in Prepaid expenses -$5,080 (27,432 - 22,352)

Add: Increase in Accrued expenses payable $10,160 (15,240 - 5,080)

Less : Decrease in Accounts payable -$7,112 (86,360 - 93,472)

Total of adjustments $38,608

Net Cash Provided by Operating Activities $194,056

The outflow of cash represents in negative sign and the positive sign reflects the inflow of cash

6 0

3 years ago

parrker Sportswear is an MNE with retail stores around the world. Parker views itself as a collection of relatively independent

Dmitriy789 [7]

Answer:

Multi-domestic

Explanation:

Multi-domestic strategy is a marketing approach in which an organization focuses all its campaigns and advertising mediums to a local market instead of a more global or international market.

A multi-domestic strategy is utilized by various organisation to make their products respond quickly to local needs.

This strategy boost the business rate of competition in the local market, it also tends to increase the amount of their shares in the local market.

A major disadvantage of this strategy is that it requires a lot of money.

3 0

3 years ago