Answer:
<u>debited</u>
Explanation:
Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.
When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.
As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:
Wilma's Capital A/C Dr. $45000
To Cash A/C $45000
For the remaining balance, Wilma shall be paid in cash as follows,
Wilma's Capital A/C Dr. $5000
To Cash A/c $5000
(Being settlement of a retiring partner's capital account being recorded)
Answer:
$3,310.20
Explanation:
The applicable formula in this case is
A = P x ( 1 + r )^ n
Where A= amount after 20 years
P is principle amount= $1000
r is interest rate = 6 % or 0.06 per year: monthly interest = 0.06/12
n is number of periods = 12 months x 20 years
A = $1000 x ( 1 + 0.005) ^240
A = $1000x (1.005) ^ 240
A =$1000 x 3.31020447580
A =$3,310.2044
Based on the graph that shows the change in the market for bicycles, the statement that explains the graph is The demand for bicycles increased due to news about the health benefits of exercise. The market price & quantity increased.
<h3>Which statement explains the supply and demand graph?</h3>
The question is not complete as the graph is not given. However, an answer can be formulated based on the laws of demand and supply.
The most likely option to be true is that the demand for bicycles increased due to news about its health benefits and then this led to the market price and quantity increasing.
This is because the increased demand for the bicycles would have drove the prices up. This would then have inspired suppliers to produce more bicycles thereby increasing bicycle quantity as well.
Find out more on demand increasing at brainly.com/question/4371942
#SPJ1
Answer:
The answer is $2.64 per unit and $13.2%
Explanation:
Solution
Given that:
The formula for calculating inspection activity of inspection before improvement is stated below:
Inspection Activity before Improvement = Total Activity Cost/Total Units of Production
Using the values provided in the question, we have,
Inspection Activity before Improvement = 105,600/40,000 = 2.64 per unit
Now,
he formula for calculating inspection activity after improvement is given below:
Inspection Activity after Improvement = (Total Activity Cost*Inspection Activity Percentage)/Total Units of Production
Using the values provided in the question, we get,
The Inspection Activity after Improvement = (105,600*5000)/40,000 = $13,200 per unit or $13.2 per unit
Answer:
You will have worked five hours overtime
Explanation:
In standard work hours in most companies/organizations, the work hours weekly is usually 40 hours.
So if on works for 45 hours in the same pay period, it means such a person has worked 5 additional hours which is overtime.
Thus, option C is correct.