In 1884. The ringling brothers organized their first small circus.
Answer:
The answer is B.
Explanation:
Variance is the difference between the expected sales(revenue), price, material quantity, material cost(expense) and the actual sales, price or material quantity.
Sometimes, expected or budgeted sales or price might be higher than actual sales or price, if this happens the variance is an unfavorable one.
And if it is the actual that is higher or more than the budgeted or expected sales or price, we say it is a favourable variance.
The entry to record this transaction in the books of the partnership will include a debit to T. Wiley, Capital.
How are profits and losses allocated to partners in a partnership?
The subsequent allocation of this profit or loss to each partner's capital accounts is done according to their respective percentages of ownership in the company. For instance, the allocation is a debit to the income summary account and a credit to each capital account if there is a profit in the income summary account.
<h3>
Is the Wiley family still involved in the company?</h3>
The involvement of the Wiley family is ongoing, with sixth-generation members (and siblings) Peter Booth Wiley serving as the non-executive chairman of the board and Bradford Wiley II serving as a director and past chairman of the board, even though the company is run by an independent management team and Board of Directors.
<h3>
How are profits and losses split in a partnership?</h3>
By definition, participants in a partnership split the gains and losses. The earnings and losses of partnerships are frequently divided evenly among the partners. The distribution will be proportionate to the partners' relative ownership shares if they are not equal.
Learn more about limited partnership:
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Answer:
Explanation:
1. plant trees
2. save electricity and natural resources
Answer:
a. shifts rightward by $100 billion
Explanation:
Step 1. Given information.
MPC = 0.7
Step 2. Formulas needed to solve the exercise.
Impact in the aggregate demand = 1 / (1-mpc) * total increase expenditures.
Step 3. Calculation.
Impact in the aggregate demand = 1 / (1-0.7) * 30 million = 100 billion
Step 4. Solution.
What actually occurs is that if government increases its expenditures, this means that the output levels in the economy will increase.
Thus, aggregate demand curve will shift right the overall increase by 100 billions.
