Answer:
Salt's basis = -$3900 from a 50% sharing basis
Explanation:
profit sharing ratio as per contributions is 50%:50%
ordinary loss - $5000
tax exempt income -$2000
Charitable contribution -$800
Taxable loss =$7800
profit(loss) share
Salt = -3900
Pepper =-3900
Compare amounts from a recent year to a base year and identify growth trends.
Explanation:
Horizontal analysis (also defined as pattern analysis) is a method for the study of financial reporting that indicates improvements in the sums of the respective financial statements over a span of time. This is a valuable method for determining patterns. Statements over two or more cycles shall be required over lateral study.
In a horizontal analysis, you equate transactions with one another over time periods — in eg, accounts receivable (A / R) in 2014 and A / R in 2015.
To conduct a vertical report, pick an investment account (comparable to gross revenue) and add all balance sheet funds as a ratio.
In the Cell Options dialog, you can tick the box to set the cell margins for the selected cell(s) to be the same as the table as a whole. Or, un-tick the box, and set the cell margins for the selected cell(s). Cell margins for an individual cell will over-ride the cell margin setting for the table as a whole.
Answer: Place.
Explanation:
The marketing mix are those parameters a marketer can influence to increase sales, the market mix include: promotion, price, product and place. Jeffrey has taken necessary steps to plan for other marketing mix except location (place) his product would be sold.
Answer: $450
Explanation:
A Promissory note is a type of notes which carry a fixed interest rate. In a Promissory note, the issuer of the note has made a promises to pay a fixed amount with interest on the maturity date to the payee.
Answer and Explanation:
Face value of the promissory note = $10,000
Maturity period = 180 days
Interest rate = 9%
Interest payable on maturity = $10,000 × 9% × 180/360
= 10,000 × 0.09 × 0.5
= $450
The total interest due on the maturity date is $450.
