The correct option is A.
A partnership business is a type of business that is formed by two or more people. The maximum number of people that can form a partnership is not restricted in some countries while it is restricted in some other countries. For instance, the maximum number of people that can form a partnership in Nigeria is 20. In a partnership business, the owners and the business are considered to be one and the same, this means that, if the business runs into financial problem, the owners may end up losing everything that they have including private properties.<span />
I would like to say C if i’m not mistaken
The question is incomplete. Here is the complete question
Suppose the demand for Digital Video Recorders (DVRs) is given by Q = 250 - .25p + 4pc, where Q is the quantity of DVRs demanded (in 1000s), p is the price of a DVR, and pc is the price of cable television. How much does the quantity demanded for DVRs change if the p rises by $40? A) drops by 10,000 DVRs B) increases by 16,000 DVRs C) drops by 2,500 DVRs D) increases by 4,000
Answer:
Drops by 10,000 DVRs
Explanation:
The demand for digital video recorders is expressed by
Q= 250- .25p+4pc
Where
Q represents the quantity demanded by the customers
P represents the price of DVR
pc represents the price of cable television
Since the factor of p in the expression above is negative, this implies that the quantity of DVR demanded in the market will reduce
If the price of DVR increase by $40, then the quantity demanded will reduce by
= 0.25×40×1000
= 10×1000
= 10,000 units
Hence the quantity of DVRs drops by 10,000 DVRs if the price is increased to $40
Answer:
As you did not include the departmental allocation rate calculated or the question relating to it, I shall provide an allocation rate and you can relate this with your assignment.
Assume the allocation rate is $3.00
Labor, raw materials and overhead cost allocation hours are given in terms of 1,000 gallons already.
Cost of Strawberry:
= Direct labor + Raw materials + Overhead cost
= 766 + 816 + (60 hours * $3.00 allocation)
= 766 + 816 + 180
= $1,762
Cost of Vanilla:
= 841 + 516 + (70 * 3)
= 841 + 516 + 210
= $1,567
Cost of Chocolate:
= 1,141 + 616 + (100 * 3)
= 1,141 + 616 + 300
= $2,057
Answer:
$30,600
Explanation:
On an average, each employee will earn $153 per day. The amount of Liability for compensated absences in M Corporation will be
= 200 Days * $153 per day.
= $30,600
According to No. 16 Accounting for Compensated Absences, liability for compensated absence should be measured at balance sheet date for those employees who are currently eligible to receive termination payment.