Answer:
d) joint property ownership
Explanation:
A partnership is created by two or more individuals who combine resources, skills, and energies to start a business. The motive for starting the business is profits. The partnership deed guides the formation of a partnership business. Partners may also draft an agreement on how they will share profits, losses, or assets should be business be dissolved.
Partners contribute capital required to start and operate the business. The capital contributed may be in the form of cash, assets, or properties. The contributed capital becomes part of the business assets. The assets are registered under the partnerships' name. For Robyn and Austin, the land will be in the name of their business if they have a partnership business. But if they jointly own the land, a court may rule that they are not in a partnership business.
Answer:
a.retained earnings.
Explanation:
All of the below mentioned accounts are acquired at historical cost and cash benefits do not change for them, as because they are acquired on cost, that is there carrying value is cost and related to amount for which it was acquired, further retained earnings includes the balance of current earnings added, therefore as per rules retained earnings are not converted, on historical conversion rate, and will be converted using current conversion rates of currency.
Final Answer
a.retained earnings.
Answer:
Net profit: 52,500
Explanation:
Sales revenue 125,000 (Only recogniced by the sold goods)
COSG -75,000 (Only recogniced by the sold goods)
Commission 12,500 (recognized even without being collected)
Freight cost <u>-10,000</u> (It´s an expence of the period)
Net Profit: 52,500
The rest of goods given to consignee is an Asset (Consignment inventory) for 25,000
The avertising paid for by consignee, to be reimbursed $5,000 is a liability.
The closest to the total cost if the firm uses 6,000 machine hours is $2,945.95.
<h3>What is regression analysis?</h3>
The term regression analysis is defined as a combination of statistical methods utilised for the for the relation between a variable which is not dependent and a variable which is dependent.
The prediction errors that will be represented by vertical lines from regression line to the point.The main purpose or aim of regression analysis is to confirm the value of the variable which is dependent. The second objective of regression line is to calculate the effect of elaborately variable on the variable which is dependent.
Therefore,the closest to the total cost if the firm uses 6,000 machine hours is $2,945.95.
Learn more about regression analysis here:
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Answer:
B. No. Janet should not be angry with her employees' actions because they acted to satisfy the customers on a short term basis. However, had they run out of their most popular item for severaldays, this could have long-term implications for customer satisfaction and customer loyalty, and in the long-run could harm profits as customers find other food trucks or restaurants at which to eat lunch.
Explanation:
I do not agree that Janet should be angry with her employees. Marie acted to avert a short-term problem by utilizing a short-term solution. If Marie permanently replaces Bruce in his role as the purchasing agent, then something must be wrong. She cannot replace Bruce without Janet's authorization because Janet employed Bruce directly and not through Marie.
