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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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Which of the following is a benefit of determining your personal vision:

labwork [276]

Answer: the difference between two numbers can be obtained by subtracting the smaller number from the bigger number.

• Here, - 0.4 is the smaller number, and 44.4 is the larger number.

• Therefore, the difference between the two is 44.4 - (- 0.4).

• Now, in mathematics, - and - makes a +.

This implies that, 44.4 - (- 0.4) = 44.4 + 0.4 = 44.8

∴ The required difference is 44.8.

Explanation: follow meif you want to help more

8 0

3 years ago

During 2004, Thor Lab supplied hospitals with a comprehensive diagnostic kit for $120. At a volume of 80,000 kits, Thor had fixe

Diano4ka-milaya [45]

Answer:

d. $240.00

Explanation:

Calculation to determine what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes?

2004 CM% = 12.5% ($15/$120)

2005 CM = $2,400,000 ($1,000,000 + $200,000)

2005 CM per unit = $2,400,000/80,000 units

2005 CM per unit= $30 CM per unit;

2005 selling price per unit = $30/.125

2005 selling price per unit= $240

Therefore what should the 2005 price be if Thor is to make the same $200,000 profit before income taxes is $240

6 0

3 years ago

Echo Sound Company just began business and made the following four inventory purchases in June: June 1 150 units $ 1,040 June 10

postnew [5]

Answer:

FiFo method as prices are continuously increasing

Explanation:

Date Units Cost Per Unit Cost

June 1 150 units $ 1,040 6.93

June 10 200 units 1,560 7.8

June 15 200 units 1,680 8.4

June 28 150 units 1,320 8.8

$5,600

As the unit price is increasing the method which yields the highest gross profit would be FIFO.But in some cases the income is overstated as the beginning inventory is too old to account for . Similarly Lifo gives lower net income but that too is not very beneficial when the inventory is almost obsolete.

The average method gives a measure in between FIFO and LIFO.

7 0

4 years ago

The commercial banking system, because of a recent change in the required reserve ratio from 8 percent to 10 percent, finds that

Rainbow [258]

<span>If it is unable to obtain any additional reserves, it must reduce deposits and money supply by $500 Million.
$50 Million x 10 = $500 Million.
(10% of $500 Million = $50 Million)</span>

3 0

3 years ago

Employees should always be notified in advance that a penetration test is going to be performed. T/F

baherus [9]

Answer:

The statement is: False.

Explanation:

A penetration test consists of a series of test attacks against defense mechanisms existing in an environment that is being analyzed. These tests include the analysis of physical and digital devices to human factors using Social Engineering for that purpose.

Thus, <em>these tests must be carried out without prior notice to employees</em> so the evaluators can simulate what is the real defense and reaction the organization has in front of a threat.

4 0

3 years ago