Answer: Partnership
A partnership is a from of business ownership who come together with mutual consent in order to manage the business and share its profits.
The terms and conditions of this agreement and the quantum of profit for each partner is clearly stated in a document called the partnership agreement.
All the partners who actively manage the business and share the profits are called General Partners. The general partners are jointly and severally liable for the debts incurred by the partnership.
Answer:
b. $3,000
Explanation:
According to the above information, the following data are given
Credit sales = $100,000
Uncollectible percentage = 3%
So, after the adjustment by using allowance method, Bad debt expense can be calculated as;
Bad debt expense = Credit sales × Uncollectible percentage
= $100,000 × 3%
= $3,000
Answer:
A lower real interest rate makes saving less appealing.
Explanation:
The lower the interest rate, the lower the amount saved and the higher the interest rate, the higher the amount of money saved. There is a positive relationship between interest rate and the supply of loanable funds. This is why the supply curve for loanable funds is upward sloping
<u>Answer:</u>
<em>Thick fish steaks are also known as </em><em><u>fillets
</u></em>
<em></em>
<u>Explanation:</u>
Filets do not contain any bits of the more prominent bones, yet a few species have littler, intramuscular bones (called pins) inside the tissue.
A fish filet, from the French word filet, which means a string or strip, is the substance of a fish that has been removed or cut from the bone by cutting the long way along one side of the fish parallel to the spine. In anticipation of filleting, any scales on the fish ought to be expelled.
Answer:
Invnetory TurnOver 10
Average inventory 36.5
Explanation:

300,000 / 30,000 = 10
The company sales his inventory 10 times per year
In some cases, we are given with a beginning and ending inventory.
For those, we calculate the average inventory:
(beginning + ending)/2

365/10 = 36.5
The average the inventory age is 36.5 days
365 are the days of the year, and the inventory Turnover are the times per year the inventory is being sold.
we divide one fro manother to get a metric in days of how much the invneotry is in store before being sold.