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snow_lady [41]
3 years ago
9

Farmer and Taylor formed a partnership with capital contributions of $280,000 and $330,000, respectively. Their partnership agre

ement calls for Farmer to receive a $102,000 per year salary. The remaining income or loss is to be divided equally. Assuming net loss for the current year is $31,000, the journal entry to allocate the net loss is:a. Debit Income Summary, $31,000; Debit Farmer, Capital, $35,500; Credit Taylor, Capital, $66,500.b. Debit Income Summary, $31,000; Credit Farmer, Capital, $15,500; Credit Taylor, Capital, $15,500.c. Debit Taylor, Capital, $66,500; Credit Income Summary, $31,000; Credit Farmer, Capital, $35,500.d. Debit Income Summary, $31,000; DebitTaylor, Capital, $35,500; Credit Taylor, Capital, $66,500.e. Debit Income Summary, $31,000; Credit Taylor, Capital, $15,500; Credit Farmer, Capital, $15,500.
Business
1 answer:
guapka [62]3 years ago
7 0
Is there a question to this??
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Based on the circular flow of business, what are two ways that households impact the economy? A) They provide wages and products
bonufazy [111]

Answer:

D. They provide the four factors of production and spend money on the product market.

Explanation:

In circular flow of business, all the players namely; household, government agencies, firms and others in an economy have an important role to play.

The level of a nation's employment status, price level and income are determined as a result of various interactions among firms/businesses, household and government agencies.

When a unit spends money, it becomes the income of another unit. Household goes to market with their monies to buy goods and services, while firms goes to the factor market to buy the resources, which are owned by the household, to produce the goods and services.

As for the government agencies, they collect taxes on the goods and services produced and on income(both household and firms) . Government also buys goods and services inorder to produce specialize goods.

Through these interactions, money and business changes hands from the household to the firm and then to government. It goes back to the household and the list goes on and on.

7 0
3 years ago
Match each example with the barrier to inclusion that best describes it.
SCORPION-xisa [38]

Answer:

A)The "like me" bias

B)Ethnocentrism

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D)Ethnocentrism

E)Perceived threat of loss

F)Stereotype

Explanation:

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4 0
2 years ago
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Leno4ka [110]

Answer:

The answer is D

Explanation:

4 0
2 years ago
Which type of loan requires that you pay the interest accumulated during college?
butalik [34]
B. the subsidized federal loan /////////////////////

7 0
3 years ago
Read 2 more answers
Economists distinguish among the immediate market period, the short run, and the long run by noting that
Greeley [361]

Based on the principle of economics, the correct answer goes thus:

Economists distinguish among the immediate market period, the short run, and the long run by noting that:

  • Elasticity of supply will increase when the number of producers selling a product decreases.

<h3>Immediate market run</h3>

Economists distinguish among the immediate market period, the short run, and the long run by noting that there will be increase in elasticity of supply.

In conclusion, we can conclude that the correct answer is the increase in elasticity of supply.

Learn more about elasticity of supply here: brainly.com/question/4467460

6 0
2 years ago
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