One of the advantages of communicating through email rather than through letters and telephone calls is

Danson and Ellerby are equal partners in DE Partnership, which is in the business of selling fine art. DE owns assets with a tax

kompoz [17]

Answer:

Finley's part is 7000.

Explanation:

Income distribution in a partnership is equal to the proportion of partner's stake in owner's capital. Since total amount of capital or fair market value of investment is 360,000 dollars, than Finley has 1/3 of part in that company's owner's capital. With the art sold for 141,000 dollars and which was acquired by Finley and brought into partnership deal for 120,000 dollars, remaining difference of 21,000 will be divided into three equal parts. Therefore, Finley's part is 7000.

6 0

4 years ago

Refer to Exhibit 23-9. Assume that demand increases from D1 to D2; in the new long run equilibrium, price settles at a level bet

Morgarella [4.7K]

This Question is not complete.

Complete Question:

Refer to Exhibit 23-9. Assume that demand increases from D1 to D2; in the new long run equilibrium, price settles at a level between P1 and P2 This means that the industry in question is a(n) __________-cost industry.

a. Decreasing

b. Increasing

c. Constant

d. Marginal

e. Low

Answer:

b. Increasing

Explanation:

An increasing cost industry is an industry where the cost of producing goods increases, due to the emergence of new industries.

As the entrance of new industries continue to increases, raw materials and supplies become very scarce, this causes the competition between the companies to increase.

An Increasing cost industry is an examples of a perfectively competitive industry. One of the major factors that can cause the emergence on an increasing cost industry is the increase in the demand of goods which results in the increase in production cost.

Examples of Increasing cost industries are industries that produce:

a. Gold

b. Copper

c. Silver

The supply of raw materials required for production by an increasing cost company is going to be available in small quantities and also very scarce therefore we can say the supply of raw materials is finite or limited.

8 0

3 years ago

What is revenue for the business vocabulary

notsponge [240]

Answer:

Revenue is money earned by a business, or income received by the government from taxes

Explanation:

7 0

3 years ago

Am in grade 10 and i don't know what to study for at vasity

notsponge [240]

Choose something that you want to do for a very long time

5 0

4 years ago

Tamarisk Inc. had a beginning inventory of $11,700 at cost and $18,200 at retail. Net purchases were $132,188 at cost and $183,7

Agata [3.3K]

Answer: $47,736

Explanation:

GIVEN THE FOLLOWING ;

beginning inventory = $11,700 at cost

Beginning inventory =$18,200 at retail.

Net purchases= $132,188 at cost

Net purchases =$183,700 at retail

Net markups = $9,700

Net markdowns = $6,600

Sales revenue = $134,800.

Ending inventory at cost using conventional retail method ;

Cost total = beginning inventory at cost + net purchases at cost

Cost total = $(11,700 + 132,188) = $143,888

Retail total (after net markups) = beginning inventory at retail + net purchases at retail + net markups

$(18,200+183,700+9700) = $211,600

Cost-to-retail ratio ;

$(143,888 ÷ 211,600) = 0.68 = 68%

Ending inventory at retail :

$211,600-(net markdowns + sales revenue)

$211,600 - $(6600+134800)

$211,600 - $141,400 = $70,200

Ending inventory at cost = 0.68 × $70,200 = $47,736

7 0

3 years ago