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3 years ago

How do we prepare the profit and loss account for partnership

Business

1 answer:

jeka943 years ago

5 0

Answer:

It includes the balance of stocks at the start and end of the year. The main purpose of this account is to determine Gross Profit which is difference between the revenue from trading and the cost of sales. The purpose of the profit and loss account is to.

Explanation:

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What is the minimum percentage of signed authorization cards needed by louis, a union organizer, before the national labor relat

ivanzaharov [21]

C 50 percent of all eligible employees

4 0

3 years ago

A company wants to identify which of two production methods has the smaller completion time. One sample of workers is randomly s

Marina CMI [18]

Answer:

A. Matched Samples

Explanation:

Matched samples is a situation whereby participants are paired, sharing every other characteristics except the one under investigation. The idea behind this is to have more control over unwanted variables. In this case, the study is measuring two production methods and in order to control the unwanted variable and leave only the characteristic or variable under investigation which is the production method, the two method is carried out by the same workers each.

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4 years ago

On January 3, 2019, Carey discovers his diamond bracelet has been stolen. The bracelet had a fair market value and adjusted basi

Mama L [17]

Answer: $1,900

Explanation:

Theft loss deduction is calculated by adjusting the fair market value of the asset for a theft loss floor limitation of $100 and 10% of the person's AGI.

Theft loss deduction is:

= Fair value -Theft floor limitation - 10% of AGI

= 7,000 - 100 - (10% * 50,000)

= $1,900

3 0

3 years ago

Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared mo

Usimov [2.4K]

Answer:

1) Planning Budget

Packaging Solutions Corporation

Production Department Planning Budget

For the Month Ended March 31

Direct labor 66010

Indirect labor 10240

Utilities 8270

Supplies 2520

Equipment depreciation 29890

Factory rent 8400

Property taxes 2600

Factory administration 16380

Total expense 144310

2) Flexible budget :

Packaging Solutions Corporation

Production Department Flexible Budget

For the Month Ended March 31

Direct labor 62790

Indirect labor 9960

Utilities 8130

Supplies 2480

Equipment depreciation 29310

Factory rent 8400

Property taxes 2600

Factory administration 16220

Total expense 139890

3.Packaging Solutions Corporation

Production Department Flexible Budget Performance Report

For the Month Ended March 31

Spending Variances

Direct labor 1540 U

Indirect labor 540 F

Utilities 530 U

Supplies 250 U

Equipment depreciation None

Factory rent 400 U

Property taxes None

Factory administration 610 F

Total expense 1570 U

Explanation:

Based on the information given from the question, the planning budget will look like the following

1) Planning Budget

Packaging Solutions Corporation

Production Department Planning Budget

For the Month Ended March 31

Direct labor 66010

Indirect labor 10240

Utilities 8270

Supplies 2520

Equipment depreciation 29890

Factory rent 8400

Property taxes 2600

Factory administration 16380

Total expense 144310

2) Flexible budget :

Packaging Solutions Corporation

Production Department Flexible Budget

For the Month Ended March 31

Direct labor 62790

Indirect labor 9960

Utilities 8130

Supplies 2480

Equipment depreciation 29310

Factory rent 8400

Property taxes 2600

Factory administration 16220

Total expense 139890

3.Packaging Solutions Corporation

Production Department Flexible Budget Performance Report

For the Month Ended March 31

Spending Variances

Direct labor 1540 U

Indirect labor 540 F

Utilities 530 U

Supplies 250 U

Equipment depreciation None

Factory rent 400 U

Property taxes None

Factory administration 610 F

Total expense 1570 U

7 0

3 years ago

Write a ratio for the situation in three ways, comparing the first quantity to the second quantity. a zoo has 14 monkeys and 18

elixir [45]

Answer:

1)14 to 28

14:28

14/28

2) 1 to 9

1:9

1/9

3) 3 equivalent ratios are : 2/18,1/9, 3/27

4) On this case would be 12/36 and if we divide numerator and denominator by 6 we got 2/6, and if we divide by 2 we got 1/3 simplified

Explanation:

Previous concepts

A ratio represent "the relative sizes of two or more values."

"Ratios can be shown in different ways:

• using the ":" to separate example values

• using the "/" to separate one value from the total

• as a decimal, after dividing one value by the total

• as a percentage, after dividing one value by the total"

Part 1

14 monkeys and 18 chimpanzees.

And we need to write the situation in 3 ways comapring the first quantity to the second quantity, and the correct way to do this is:

14 to 28

14:28

14/28

Part 2

In largo city, about one in every nine homes contains four televisions

And we need to write the situation in 3 ways comapring the first quantity to the second quantity, and the correct way to do this is:

1 to 9

1:9

1/9

Part 3

Write three ratios equal to 4/36

On this case is we divide numerator and denominator by 2 we got 2/18

And if we divide the numerator and denominator by 4 we got 1/9

and if we divide the numerator and denominator by 4 and then we multiply by 3 we got 3/27

So then 3 equivalent ratios are : 2/18,1/9, 3/27

Part 4

Jake sold 36 tickets to the school fair Jeanne sold 12 tickets. What is the ratio, in simplest form, of the number of tickets Jeanne sold to the number of tickets Jake sold?

On this case would be 12/36 and if we divide numerator and denominator by 6 we got 2/6, and if we divide by 2 we got 1/3 simplified

8 0

4 years ago