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Zigmanuir [339]
3 years ago
15

In a liquidation, a.gains or losses are distributed according to the partnership agreement. b.assets may be sold at amounts that

differ from their original cost. c.the business will not continue. d.All of these choices may occur.
Business
1 answer:
Sergeeva-Olga [200]3 years ago
8 0

Answer:

D

Explanation:

Liquidation is when the business closes down or dissolves which means the business will not continue any further. Firstly all the assets are sold at their market value which differs from the actual cost or the book value and all the liablities are paid for (or compensated for). After paying all the due balances and receiving all receivables the gain or loss is divided amongst the partners according to their partnership agreement which states the profit/loss sharing ratio. in case of no agreement, the profit/loss is shared equally.

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The u.s. economy constantly cycles through periods of expansion and contraction based on financial, political, and geopolitical
astraxan [27]
Does it it give you answer choices ?
6 0
3 years ago
The revenues and expenses of Zenith Travel Service for the year ended August 31, 20Y4, follow:
Alisiya [41]

Answer:

Zenith Travel Service

Statement of Owner's Equity for the year ended August 31, 20Y4:

Capital as of September 1, 20Y3 = $456,000

Additional investment                          43,200

Retained Earnings                                 (8,400)

Drawings                                              (21,600)

Capital as of August 31, 20Y4        $469,200

Explanation:

a) Data and Calculations:

Additional investment = $43,200

Personal withdrawal = $21,600

Income Statement for the year ended August 31, 20Y4:

Fees earned                                  $899,600

Office expense            353,800

Miscellaneous expense 14,400

Wages expense          539,800     908,000

Net income/Retained earnings      ($8,400)

b) Zenith's statement of owner's equity is a financial statement that reports the changes in the equity section of Zenith's balance sheet during the year ended August 31, 20Y4. In other words, it reports the events that increased or decreased Megan Cox's equity over the course of the year from September 1, 20Y3 to August 31, 20Y4.

8 0
3 years ago
An auto company decided to relocate its offices from Huntsville, Alabama to Orlando, Florida. The human resources manager of the
yawa3891 [41]

In the given case the human resource manager will be considered frictionally unemployed. Thus the correct answer is B.

<h3>What is unemployment?</h3>

Unemployment is the situation in which an individual is unable to find any job or occupation to meet the financial needs of life after having all the required talents and qualifications.

Frictionally unemployment is a situation when an individual is relocating to another job from one job. In the given situation the manager is not terminated.

The human resource manager resigned from the job due to obligations from family. This shows that she has the skills and talents to pursue and join another job. The period in which she is searching for a job is considered frictional unemployment.

Learn more about unemployment, here:

brainly.com/question/14227610

#SPJ1

5 0
1 year ago
A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) duration of 11.54 years and conve
dsp73

The price of the bond if the yield to maturity falls to 7%, based on the period and amount will be $1,620.45.

<h3>What is the price of the bond at 7%?</h3>

We shall assume that the bond has a face value of $1,000.

The coupon is:

= 12% x 1,000

= $120

The price is:
= (Coupon x Present value interest factor of annuity, 30 years, 7%) + Face value of bond / ( 1 + rate) ^ number of periods

= (120 x 12.409) + (1,000 / (1 + 7%)³⁰)

= $1,620.45

Find out more on bond pricing at brainly.com/question/25596583.

7 0
2 years ago
Camilla makes and sells jewelry. She has 8160 silver beads and 2880 black beads. Each necklace will contain 85 silver beads and
elixir [45]
8160/85=96
2880/30=96

She can make 96 <span>necklaces.</span>
4 0
3 years ago
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