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NemiM [27]
3 years ago
12

organ and Dana are partners. The partnership capital for Morgan is $50,000 and for Dana is $60,000. Townsend is admitted as a ne

w partner by investing $40,000 cash. Townsend is given a 25% interest in return for her investment. The amount of the bonus to the old partners is
Business
1 answer:
galina1969 [7]3 years ago
5 0

Answer:

$2,500

Explanation:

The computation of the amount of bonus to the old partner is shown below:

But before that first we have to find out the contributed capital which is

= $50,000 + $60,000 + $40,000

= $150,000

Now the interest rate is 25%

So, the capital after considering the interest rate is

= $150,000 × 25%

= $37,500

And, the new partner invested amount is $40,000

So, the amount of the bonus is

= $40,000 - $375,00

= $2,500

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2.1: A debit is A : a decrease to an account. B : an entry on the left side of an account. C : an entry on the right side of an
Luba_88 [7]

Answer:

B : an entry on the left side of an account.

Explanation:

There are two terms i.e debit and credit.  

The accounts that reported as an expense, losses, assets are recorded in the left-hand side of an account as it contains the debit balance.

While the account reported as a revenue, gains, liabilities & stockholder equity are recorded in the right-hand side of an account as it contains the credit balance.

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3 years ago
High inflation in the United States would most likely have a negative impact on
Alexxx [7]

Answer:

The correct answer is option A.

Explanation:

High inflation will cause an adverse effect on the exchange rate. However, the low inflation rate does not have a positive effect on the value of currency and exchange.  

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Lower interest rates are likely to lower the cost of borrowing. As a result, there is an increase in investment and production. This increases aggregate demand and thus price level.  

But lower interest discourages foreign investment, the demand for domestic currency falls.This shift the currency demand curve to left decreasing the interest rate.

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Imagine you are a sales manager and need to tell an employee that his sales numbers have not been very good and he needs to impr
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The correct settings of the Quickbook is illustrated in C.

QuickBooks is an accounting software that's used by businesses for payments, payroll functions, etc.

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