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3 years ago

Details of the division of partnership income should normally be disclosed in the financial statements.a. Trueb. False

Business

1 answer:

Strike441 [17]3 years ago

8 0

Answer:

a. True

Explanation:

A partnership is a form of business that is owned by 2 or more people through signing of a partnership agreement. Each person is responsible for all the decisions made in the partnership and they share the net income. Details of how the net income is distributed is mentioned in the Partnership income statement. It will be divided equally among the partners as mentioned in the partnership agreement.

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Jake, a store keeper at Triscent Hypermarket, is accused of stealing food products from the store. When confronted by his manage

hoa [83]

Answer:

Rationalisation

Explanation:

Rationalisation is the attempt by an individual to justify an action, behaviour, or attitude with logical reasoning. Mostly the reasons given are not appropriate enough.

In the given instance Jake is accused of stealing food products from the store, he justifies his act by claiming that his monthly pay is not sufficient to support his family of five members.

This is not enough reason to still but he still tries to rationalise his action based on his low salary.

4 0

3 years ago

You have a better chance at success in the business world when your interest and personality match the career choice. True False

enot [183]

this is true. Personality and interest are two factors that relate to career success.

4 0

3 years ago

Read 2 more answers

When U.S. goods become more expensive relative to foreign goods, exports will __________ and imports will __________.

ipn [44]

Answer:

fall, rise

Explanation:

US goods will become less expensive

3 0

3 years ago

what is the current prices of a $1,000 par bond maturing in 12 years with a coupon rate of 14%, paid semiannually, that has a yt

Leviafan [203]

The current prices of a $1,000 par bond maturing in 12 years with a coupon rate of 14%, paid semiannually, that has a ytm of 13% is $ 130000 .

The entire return anticipated on a bond if it is kept to maturity is known as yield to maturity (YTM). Although it is expressed as an annual rate, yield to maturity is regarded as a long-term bond yield. It is, therefore, the internal rate of return (IRR) of a bond investment assuming the investor retains the bond to maturity, with all scheduled payments made and reinvested at the same pace.

Yield to maturity is comparable to current yield, which calculates how much money would be made by purchasing and keeping a bond for a year by dividing annual cash inflows from that bond by its market price. The value of a coupon paying bond is calculated by discounting the future payments (coupon and principal) by an appropriate discount rate.

The bond characteristics are summarized below:

Par Value = $1,000

Yield = 13% annual (13/2 =6.5% semi-annual)

Coupon = 12% with semi-annual payment of $60

Maturity = 1 year

The value of the bond is calculated as follows:

$1000 of 13% = (13/1000)* 100 =130

Calculate PMT = FV*Coupon Rate

Current price = $1000*130

Price = $ 130000

Learn more about yield to maturity visit: brainly.com/question/28033398

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8 0

1 year ago

Assume that the marginal cost (MC) of production is increasingincreasing. Can you determine whether the average variable cost

ki77a [65]

Answer:

YES - When marginal cost (MC) of production is increasing, the average variable cost (AVC) is increasing.

Explanation:

Marginal cost (MC) is the cost of producing an extra unit of output while Average variable cost (AVC) is the cost per unit of output produced.

When MC is below AVC, MC pulls the average down. This means that when MC is falling, AVC is falling

When MC is above AVC, MC is pushing the average up; therefore when MC is rising, AVC is rising.

The conclusion is that MC and AVC have a direct relationship and a rise in one will cause a rise in the other , therefore when the marginal cost (MC) of production is increasing, the average variable cost (AVC) is increasing.

3 0

3 years ago