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pogonyaev
3 years ago
7

Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capit

al balance for the current year is $314,000, and Atkins' beginning partnership capital balance for the current year is $232,000. The partnership had net income of $152,000 for the year. Barber withdrew $86,000 during the year and Atkins withdrew $25,000. What is Barber's ending equity
Business
1 answer:
Ivenika [448]3 years ago
8 0

Answer:

The answer is $304,000

Explanation:

Barber's ending equity is:

Barber's beginning partnership capital balance for the current year plus share of partnership net income minus Barber's withdrawal

Barber's beginning partnership capital balance for the current is $314,000

Share of partnership net income

= $152,000 /2

= $76,000

Barber's withdrawal = $86,000

Therefore, Barber's ending equity is

$314,000 + $76,000 - $86,000

= $304,000

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Customer groups represent different segments if: ___________.a. Their needs require different products/services or different pri
Free_Kalibri [48]

Answer:

a. Their needs require different products/services or different prices

Explanation:

A customer segment is a term in business that is used to describe a group of consumers with identical or related needs, behaviors, or other characteristics. For example Mass Market, Niche Market, etc.

However, customer groups represent separate segments based on the following:

1. their needs mandate and justify a distinct offer

2. they are sold through various distribution means.

3. they need different types of connection or arrangement.

4. they are ready to pay for various items of the offer

5 0
2 years ago
A company makes $200,000 in a year and has $150,000 in production costs, leaving them with $50,000. The $200,000 represents
Anit [1.1K]

Answer: The $200,000 represents the revenue a company makes in a year.

3 0
2 years ago
6. Consider an economy described by the following equations:
kiruha [24]

Answer:

(a) Private saving = Y-T-C

Private saving = 5000-1000-250-0.75(5000-1000)

Private saving = 750

Public saving = T - G

Public saving = 1000-1000

Public saving = 0

National saving = S = private saving+ public saving

National saving = 750

(B)  Equilibrium interest rate = S + I

750 = 1000 - 50r

-50r = 750 - 1000

-50r = -250

50r = 250

r = 250/50

r = 5%

(c) Private saving is unchanged

Public saving = 1000 - 1250

Public saving = - 250

(d) The new equilibrium interest rate

750 (-250) = 1000-50r

500 = 1000 - 50r

- 50r = 500 - 1000

- 50r = -500

-50r = 500

r = 500/50

r = 10%

7 0
3 years ago
An individual forgot to delegate a certain task to one of her team members. Each person on the team was supposed to create a Pow
kramer

Answer:

Complete the presentation and extra work themselves; in the future, the individual will have to remember to send everything or risk doing the extra work themselves.  

Explanation:

Not only this helps in increasing accountability in the individual but it would also help in influencing the behavior of the individual in the future. He would be more responsible for delegating the tasks as he would learn from his mistakes. This would go a long way in developing a competent and responsible workforce which would help in increasing the effecency of the company.

7 0
2 years ago
This is the story of Goodies Gift Shop in its third year of operation in Small Town USA. Amelia Goodies, the owner, runs the sho
Anastasy [175]

Answer:

1. Her return on investment is 20%

2. $40,000

Explanation:

1. We have Return on Investment = Net income from the Investment / The invested amount.

The net income is clearly stated in the Question which is the after-tax profit at $20,000.

The invested amount of Amelia is the amount she invested in Goodies Gift Shop which is illustrated as net worth ( owner's equity) at $100,000 in the Balance Sheet (Year 2).

As we have Return on Investment =  20,000/100,000 = 20%

2. We have the projected pre-tax profit = Projected margin - total overhead = 250K - 200K = $50,000

   The after-tax profit = pre-tax profit x (1- tax rate) = 50K x (1-20%) = $40,000

3 0
3 years ago
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