Answer:
<u>debited</u>
Explanation:
Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.
When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.
As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:
Wilma's Capital A/C Dr. $45000
To Cash A/C $45000
For the remaining balance, Wilma shall be paid in cash as follows,
Wilma's Capital A/C Dr. $5000
To Cash A/c $5000
(Being settlement of a retiring partner's capital account being recorded)
Answer:
If discontinued, then their operating income will decrease by 168,800
It is a better deal to continue the backpack division active.
Explanation:
sales 960,000
variable cost (475,000)
contribution 485,000
fixed cost (527,000)
loss (42,000)
if Dropped
40% of fixed cost are unavoidable
527,000 x 40% = (210,800)
Difference: 42,000-210,800 = (168,800)
Answer: When the switch is closed.
Explanation: The current is the flow of charges, the current can only flow when the switch is closed
Answer:
Investment trading
Explanation:
Financial institutions' core business is to sell loans. They accept deposits from customers and use those deposits to create loans to firms and individuals. Financial institutions are intermediaries of credit; they connect the demand and the suppliers of credit. Direct deposits are a way of depositing money while ATM's and debits card gives customers access to their deposits.
Investment trading is a service offered by stock exchange markets through stockbrokers and investment banks.
I
Answer:
im sorry i cant see the picture what is it sorry
