85% is the right answer because I said so...
Answer:
$67,000
Explanation:
Miller$72,000/60%=$ 120,000 loss to eliminate capital
Tyson$72,000/20%=$ 360,000 loss to eliminate capital
Watson$19,000/20%=$ 95,000 loss to eliminate capital
Watson is the partner most vulnerable to a loss of $95,000 which will inturn eliminate Watson's capital balance
Hence:
$162,000-$95,000
=$67,000
Therefore if the loss on disposal is less than $95,000, all partners will retain positive capital balances and receive some cash in liquidation reason been that other assets which is $162,000, must be sold for any amount over $67,000 for all partners to get cash.
Answer:
a. Advertisement cost relative to number of customers <u>Fixed
</u>
b. Rental cost relative to number of restaurant <u>Variable
</u>
c. Cooks salaries relative to number of customer <u>Fixed
</u>
d. Cost of Supplies (cups, plates, spoons, etc.) relative to number of customer <u>Variable
</u>
e. Manager's compensation relative to number of customer <u>Mixed
</u>
f. Servers' salaries relative to number of Restaurants <u>Variable</u>
Answer:
The opportunity cost of a city block used for a parking lot in an expensive city compare to a small town would be MUCH HIGHER.
Explanation:
Resources are scarce, and the scarcer they are, the more expensive they tend to be. A city block used for parking space in a large city is worth a lot of money, while a similar lot in a small town would be worth much less. The demand for land in a large city is much greater and the availability of land is much lower.
Answer:
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