Answer and Explanation:
The Journal entry is shown below:-
Carter's Capital Dr $600,000
To Able's Capital $450,000 (3 ÷ 4 × $600,000)
To Baker's Capital $150,000
(Being Carter’s withdrawal from the partnership is recorded)
For recording this we debited the carter capital as it shows the withdrawn amount and credited the able capital and baker capital so that the total withdrawn collected from these partners could come
Answer:
"Inflation" implies that pressure for price increases reaches across "most" markets, not just one.
Answer:
See below
Explanation:
Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.
Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.
Answer:
More than what is required.
Explanation:
When the CEO asked for the sales figures, she would have wanted just the monetary value of the sales made in that period. Instead the sales manager sent the list of products sent in the previous period. This will include detailed breakdown of the number of each product sold along with the amounts at which they were sold.
In this case the sales manager sent more information than was requested by the CEO.
Answer:
Higher levels of external debt create a greater threat of global instability.
Explanation:
External debt is the sum of one country's obligations to another, which is composed of public debt (contracted by the state of the country) and private or private sector debt (contracted by individuals abroad).
Foreign debt to other countries is often given through agencies such as the International Monetary Fund or the World Bank. If the debtor has trouble paying it off, it can be a serious problem for the economic development of a country, and even for its autonomy.
In principle, debt is not bad, because it allows nations to conserve their own resources and receive external resources to exploit, process or produce new goods and services. However, it becomes a problem when the debt is not actually used for the requested purpose or the repayment conditions harden. Then it can become one of the causes of underdevelopment rather than a way to solve it.
