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Marina86 [1]
3 years ago
14

An ancient Greek philosopher of extraordinary significance in the history of ideas who not only preserved Socrates’s teachings f

or future generations but also contributed original ideas on a wide range of issues such as morality, politics, metaphysics, and epistemology.
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
6 0

Answer: I would contend that the right answer is Plato.

Explanation: Just to elaborate a little on the answer, it can be added that Athenian philosopher Plato (428/427-348/347 BCE) was his most famous and devoted student, and the one who, together with Aristotle—who was in turn Plato's student—helped preserve and spread out his important teachings. Some of Plato's most original ideas are the so-called theory of Forms, which claims that the world that we know through our senses is only an imitation of the eternal and unchanging world of the Forms, as well as the idea of the "Platonic love," as opposed to romantic love, which departs from carnal attraction in search of beauty and truth.

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Turner, Roth, and Lowe are partners who share income and loss in a 1:4:5 ratio (in percents: Turner, 10%; Roth, 40%; and Lowe, 5
Sonbull [250]

Answer:

Turner, Roth, and Lowe

a. Loss from selling the assets = $78,800

b. Loss allocation to the partners:

                                                            Turner      Roth      Lowe

Loss sharing ($78,800)                      $7,880    $31,520   $39,400

c. Capital contribution to cover deficiency:

                                                            Turner      Roth      Lowe

Contribution to cover deficiency     $3,000    $12,000    $15,000

Explanation:

a) Data and Calculations:

                                                            Turner      Roth      Lowe

Income and loss sharing ratio:               1                4             5

Assets before liquidation = $130,800

Liabilities = $82,000  

Capital balances                                 $2,900   $14,200   $31,700

Cash received from sale of assets = $52,000 ($82,000 - $30,000)

Loss from sale of assets = $78,800 ($130,800 - $52,000)

Loss sharing ($78,800)                      $7,880    $31,520   $39,400

Contribution to cover deficiency       $3,000      $12,000   $15,000

5 0
3 years ago
Franklin Construction entered into a fixed-price contract to build a freeway-connecting ramp for $54 million. Construction costs
lara31 [8.8K]

Answer:

$15 million

Explanation:

Franklin Construction

Construction costs incurred $54,000,000

Less total estimated costs ($44+$27) $69million

The anticipated loss $15 Million

Franklin will recognize anticipated gross loss of $15 million in the first year if it recognizes revenue over time according to percentage of completion method which is ($54 million contract price less total estimated costs of $69million)

7 0
3 years ago
Leading guitar string producer wound up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its
Rashid [163]

Answer:

(C) Direct imitation and Substitution

Explanation:

As a leading guitar string producer Wound Up inc. has enjoyed a competitive advantage based on its proprietary coating that gives its strings a clearer sound and longer lifespan than uncoated strings. One of Wound Up's competitors, has recently developed a similar coating using less expensive ingredients, which allows it to charge a lower price than wound up for similar-quality strings. Therefore and consequently, Wound Up's competitive advantage is in danger due to direct imitation and substitution. As it has been very much obvious from the given data that Wound Up was enjoying superior position in the market based on the clearer sound and longer lifespan of its guitars, which was purely due to their signature coating which they used on the strings. When on its competitor has developed the same kind of coating but even at the lesser rates, then of course, they can enjoy much better position in the market and they can compete much effectively with the Wound UP, both in quality and price as well. This direct imitation and substitution can lead Wound Up losing its competitive advantage, therefore, either they can develop the same strings at the less process or they have to come up with something totally new, creative and unique in order to win this competition now.

5 0
3 years ago
Satchel Inc purchases 10,000 shares of its own previously issued $10 par common stock for $290,000. Assuming the shares are held
BaLLatris [955]

Answer:

a. No effect

b. Decreases in total asset

c. No effect

d. Decreases in total stockholder equity

Explanation:

Given that

Number of shares purchased = 10,000 shares

Par value = $10

Common stock = $290,000

By using the above information, we can interpret that

a. There is no effect on the net income

b. The total asset is decreased by $290,000 as it reduces the cash balance for $290,000

c. There is no effect on the total paid-in-capital

d. Total stockholder equity is decreased by  $290,000

We assume that treasury stock is accounted for using the cash method

5 0
3 years ago
The stock of Kenny Corp. is owned equally by two brothers. During 2013, they transferred land (basis of $300,000; FMV of $320,00
SpyIntel [72]

Answer:

long-term capital loss 140,000

Explanation:

the land enter the partnership at 320,000 cost

then it is being liquidate at 180,000

so it will be a capital-loss by 140,000

because it was held for more than two years It will be a long-term capital loss

This amount will be distributed amount the brother shares for profit and losses. Regardless of the fact that one of them contributed the land.

6 0
3 years ago
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