Answer:
C
Explanation:
Money neutrality is a theory which submits that money supply only affect nominal variable and not real variables.
Nominal variables include price, wages and exchange rate
real variables include employment and real GDP
Money is only neutral in the long run and not in the short run because of money illusion. Money illusion causes economic agents to respond to money supply changes.
Money is neutral only in the long run
The type of account Samantha should recod the transaction is the contra account.
Answer:
TRUE
Explanation:
Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.
To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.
Answer:
$215,000
Explanation:
Goodwill is the excess of purchase consideration over the net asset of a company. It is an intangible asset
Good will = Purchase consideration - net asset
Net assets is the difference between the company's assets and its liabilities.
Net asset = $135,000 + $275,000 + $500,000 - $655,000
= $255,000
Goodwill = $470,000 - $255,000
= $215,000
Goodwill for this transaction is $215,000.
Answer:
The correct answer is letter "B": Causes a legal dissolution of the existing partnership.
Explanation:
A Partnership is an organization that operates a business with two or more owners. They share the profits in proportion to their partnership interest in percentage terms. There are two types of partnerships: general partnerships (<em>unlimited liability</em>) and limited partnerships (<em>passive members who are responsible depending on how much money they contribute to the company</em>).
Every time one of the partnership members passes away, retires, or another partner will be added, the existing partnership legally dissolves creating a new entity.
