1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
seropon [69]
3 years ago
14

The partners in the biz partnership have agreed that partner mandy may sell her $100,000 equity in the partnership to brittney,

for which brittney will pay mandy $85,000. Prepare the partnership's journal entry to record the sale of mandy's interest to brittney on september 30.
Business
1 answer:
Ivahew [28]3 years ago
3 0

Answer:

Mandy Capital                     A/c   Dr.  $100,000

Brittney Capital                  A/c    Cr.                     $100,000

Explanation:

Mandy selling $100,000 shares of assets, so we will report the transaction on the sale of stock by the amount of equity sold. Now, all parties will negotiate the price that one can sell to another for this equity valuation, which would be $85,000 in this case.

You might be interested in
say anythinggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggggg
Vadim26 [7]

Answer:

heyyyyyy

Explanation:

6 0
3 years ago
Read 2 more answers
You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest, compounded annually. how long w
ruslelena [56]
For this case we have an equation of the form:
 y = A * (b) ^ x

 Where,
 A: initial amount
 b: growth rate
 x: number of years
 Substituting values we have:
 y = 30000 * (1,039) ^ x

 By the time the earnings increase to 75000 we have:
 75000 = 30000 * (1,039) ^ x

 From here, we clear x:
 (1,039) ^ x = (75000/30000)

log1.039 ((1.039) ^ x) = log1.039 ((75000/30000))


 x = log1.039 ((75000/30000))

x = 23.95 years
 Answer:
 
you will have to wait until 23.95 years your winnings are worth $ 75,000
7 0
3 years ago
Your company incurs a cost for factory rentfactory rent​, ​which, in the short​ run, is fixed. What happens to this cost in the
mixas84 [53]

Answer:

A. becomes a variable cost

Explanation:

Fixed costs are the expenses that remain constant in a period. During the period under review, fixed costs do not change regardless of the level of output. Fixed costs are mostly made up of overheads such as rent , depreciation, and administrative salaries.

Fixed cost remains constant in a particular financial year. In the long run,  business budgets and projections tend to change, resulting in changes to the fixed cost. In other words, in the long run, fixed costs will change. Therefore, in the long run, all costs are variable expenses.

5 0
2 years ago
Suppose you found out that the Japanese are on the verge of introducing their own mayonnaise substitute next month. Sam does not
fiasKO [112]

Answer: A. You would raise your policy premium substantially and Sam would not accept because he​ doesn't know about the Japanese.

Explanation:

In such a scenario as the one described above, the best option as an Insurance Agent is indeed to raise premiums substantially.

As the Japanese will most probably get to market first with the new Mayonnaise Substitute, they will have the rights to it's invention and could even patent it.

This means that Sam and SCAM will most likely suffer a loss as a result of this.

As there is such a high chance of loss, charging a substantially higher premium to enable coverage is only logical and makes business sense.

Sam does not know however that the Japanese are so far ahead and having rejected a substantially lower offer, will reject the newer, substantially higher one as well.

4 0
3 years ago
Disney employed ________ marketing strategy for its Disneyland Paris, particularly when it came to the eateries in the park. The
jek_recluse [69]

Answer:

Multidomestic

Explanation:

Multidomestic marketing strategy is one where a company modifies it's products to meet the local needs of the country in which it is located. For example introducing a particular flavor of a drink that is well accepted in a country.

Companies that practice multidomestic strategy tend to have many differentiated products to serve different countries.

In this instance Disney featured recipes that were revised for local tastes, alcoholic beverages (not permitted in previous parks), and increased outdoor seating.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Livewire company and mccoy's candy, inc., sign a document that states livewire agrees to design a web page for mccoy's, which ag
    5·1 answer
  • On December 31, 2020, Vitners Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferre
    14·1 answer
  • Mediflow, a medium-sized medical technology company, has been successful in its research and development, but needs improvement
    5·1 answer
  • VelSad is contemplating the acquisition of Po, Inc. The values of the two companies as separate entities are $32 million and $16
    6·1 answer
  • Which of the following tasks are NOT typically outsourced? Group of answer choices core business production noncore business acc
    10·1 answer
  • Which of the following provides for a reduction in the employer's state unemployment tax rate based on the employer's experience
    13·1 answer
  • Why do many business owners avoid market research? Question options: They're afraid of hearing any negative feedback. They don't
    15·2 answers
  • Brian is thinking of taking a job as a waiter. What is an associated monetary cost that he should consider?
    12·1 answer
  • This is my mom channel please subscribe​
    13·1 answer
  • Assuming the issuer does not default, can capital gains or losses be a component of the holding period return on a zero-coupon b
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!