Answer:
The partners' capital statement is hereby attached.
Explanation:
I started with opening capital balance ,then added each partner's share of profit for the year and finally I deducted the drawings by partners in the year to arrive at closing capital account balance.
Answer:
Possible options are:
A) Enforceable or unenforceable with agent
B) Enforceable via factor agent
C) Enforceable via employee agent
D) Enforceable or unenforceable - no agent
Answer: C
Explanation:
Enforceable And Unenforceable Contracts. A contract may be enforceable or unenforceable. An enforceable contract is one for which a legal remedy is offered in the event that the contract is not fulfilled. A contract may be unenforceable when certain statutory requirements have not been met.
Answer:
Equilibrium price is $2.50
Quantity of wheat is 1,425 tons
Explanation:
Please refer to the attached file.
Answer:
Depreciation
Explanation:
Depreciation is the process of reallocation of tangible assets over its useful life. Depreciation is an expense which is charged on the entire cost of a long-term tangible fixed asset. The depreciation expense is computed by reducing the scrap value of the asset from its cost and dividing it by the entire useful life of the asset. There are several methods used to depreciation tangible assets such as straight-line method, MACRS, double declining etc. Salvage value is the expected value of the asset at the end of its life. For example, if an asset has been purchased at $110,000 with a useful life of 5 years and salvage value of $10,000 then using straight-line depreciation per year over 5 years will be ($110,000-$10,000)/5 = $20,000.
Answer:
The right option is (B)
Explanation:
The most significant component for composing claim message is that each issue must be depicted in detail, and each record of the issue must be written. Before completion of the message, it is imperative to indicate what you need and what steps are required to mitigate the problem. Mentioning the issue and presenting remedial solutions are critical while developing a claim message.
