Answer: Option (B) is correct.
Explanation:
Capital contribution by David = $40,000
Interest of David in partnership = 
Total capital of the partnership after the admission of new partner:
= 
= $200,000
Total capital of partnership before decreasing of obsolete inventory:
= $140,000 + $40,000 + $40,000
= $220,000
Therefore, value of decrease in inventory:
= Total capital before decrease - Total capital after decrease
= $220,000 - $200,000
= $20,000
The reduction in value of inventory will be distributed in old partners in ratio of 3:1
Hence,
Capital balance of Allen after admission of David:
= 
= $125,000
Capital balance of Daniel after admission of David:
= 
= $35,000
Answer:
$122000
Explanation:
Given:
Cost of materials used = $45,000
Direct labor costs = $48,000
Factory overhead = $39,000
Beginning work in progress = $18,000
Ending Work in Process = $28,000
Question asked:
What is the cost of goods manufactured ?
Solution:
Cost of goods manufactured = Direct Materials Used + Direct Labor Used + Manufacturing Overhead + Beginning Work in Process - Ending Work in Process
Cost of goods manufactured = $45,000 + $48,000 + $39,000 + $18,000 - $28,000
Cost of goods manufactured = $122000
Therefore, cost of goods manufactured of Gunner Manufacturing is $122000.
Answer:
The organization structure is not clearly defined, Managers are performing duties in various departments at a time.
Explanation:
San Consulting is one of the finest consulting firm in the Greater Accra Region. The firm is always a first choice for individuals who want to pursue their career in business. The Organizational structure of San Consulting is not clearly defined. San's profits are falling because management practices are not according to the other competitive organizations. The managers working at San are facing excess workload and pressure for their work. Their job descriptions is not clearly defined and they are forced to work in multiple departments at the same time due to which they are losing focus on their own work.
Questions 1: Planning, organizing, leading and controlling
Question 2: The organizational structure needs to be set and every employee should have their defined job role so they are able to complete work with efficiency.
Question 3: The profits of San consulting will rise as there will be less duplication of work and every employee will be able to focus on their own task and will work with efficiency.
Question 4: Matrix. The matrix organizational structure is not suited in this organization. The right organizational structure for San consulting will be Functional Structure.
Question 5: (i) The profits for San Consulting will decline
(ii) The profit will rise because employee will focus more on their specific tasks.
1B. Yes agree. The managers need to focus on the external environment as well to identify the opportunities and threats present which can stimulate changes for the organization.
Answer:
use; $2,409,000
Explanation:
Given that,
Total current assets in 2017 = $14,871,000
Total current assets in the last year = $12,462,000
Therefore, there is an increase in the total current assets which indicates that there is a use of cash.
Hence, the amount of cash used is calculated as follows:
= Total current assets in 2017 - Total current assets in the last year
= $14,871,000 - $12,462,000
= $2,409,000
Answer:
The luxury brand that shares its name with the french explorer who is credited with naming canada is Cartier.
Explanation:
Cartier is a brand that produces and sells watches and jewelry and it shares its name with the french explorer, Jacques Cartier, who used the word Canada to define an entire area that with time was applied to a larger one and today corresponds to the whole country of Canada.
