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KengaRu [80]
3 years ago
15

Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,700, and h

is ending partnership capital balance for the current year is $62,700. His share of this year's partnership income was $5,950. What is his partner return on equity
Business
1 answer:
RSB [31]3 years ago
5 0

Answer:

10.05%

Explanation:

Carter Pearson is a partner in event promoters

His beginning partnership balance is $55,700

His ending partnership balance is $62,700

His share of this year's partnership income is $5,950

Therefore his partner return on equity can be calculated as follows

= $5,950/$55,700+$62,700/2

= $5,950/$59,200

= 0.10050 × 100

= 10.05%

Hence his partner return on equity is 10.05%

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Answer:

-$27,800

Explanation:

When the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated . When an expense is overstated, the net income is understated and so is the retained earnings.

The net overstatement of inventory across the two periods

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= $48,000

The net overstatement of depreciation across the two periods

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Recent incident reports would usually filled with information regarding the productivity and defects of the plan that currently carried out. from this, the managers could formulate the necessary adjustments which ensure that the organization is still on track.

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mixas84 [53]

Answer:

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Explanation:

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When higher management in a(n) ____ organization admits there is a need for better communication, the response is to tether subo
sergejj [24]

Answer:

mechanistic

Explanation:

Based on the information provided within the question it can be said that the type of organization being mentioned is a mechanistic organization. This the the type of organization that tethers employees to their specific jobs/tasks. This is done in order to make sure that each individual has a job that is stable and easily controlled.

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