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Helga [31]
3 years ago
7

The Jolly Partnership reported the following items for the current year: Income from clients $190,000 Short-term capital gains 1

,000 Dividend income 2,000 Cash operating expenses (125,000) Depreciation expense (6,000) Long-term capital loss (5,000) What is Jolly Partnership’s ordinary income?
Business
1 answer:
Delicious77 [7]3 years ago
4 0

Answer:

$ 193,000

Explanation:

Ordinary Income means the money earned from working. The ordinary income may include hourly salaries and wages, commissions, interest income, from bonds, capital gains, royalties or income from ordinary course of business.

So the ordinary income for Jolly Partnership is:

Income from clients $ 190,000

Capital gains            $      1,000

Dividend Income      $<u>     2,000</u>

Ordinary Income:      $<u> 193,000</u>  

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A corporation has outstanding $5,000,000 of 9 1/2% 20-year debentures, with a conversion price of $40. If all the debentures wer
Fiesta28 [93]

Answer:

The 125,000 shares of common stock would be issued

Explanation:

For computing how many shares of common stock would be issued, we have to use the formula of common share produced which is shown below:

Common share produced = Par value ÷ Conversion price

where,

Par value is $5,000,000

And, the conversion is $40

Now, apply these values to the above formula

So, the value would be equals to

= $5,000,000 ÷ $40

= 125,000

The time period and rate of debentures is irrelevant, Thus, it is ignored.

Hence, the 125,000 shares of common stock would be issued.

8 0
3 years ago
Which of the following statements is correct about the connection between cost centers and revenue?
Mazyrski [523]

Answer:

B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.

Explanation:

Cost Centers are functions where costs are accumulated.

Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.

Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.

8 0
3 years ago
Consider the demand for cigarettes. Suppose the government decreasesdecreases the price of cigarettes by loweringlowering cigare
RUDIKE [14]

Answer:

increase

Explanation:

According to my research on economics, I can say that based on the information provided within the question if the prices of cigarettes decrease then the demand will increase. This can be said because cigarettes are a luxury item, meaning they are not a necessity but something that the people want. Therefore if prices decrease people will want to buy more of them.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
which categoryh of inventory holding costs would be much higher than average for rapidly chaning industries
Alex787 [66]

The correct option is (c) i.e, The pilferage, scrap, and obsolescence category of inventory holding costs are much higher than average for rapid-change industries such as PCs and cell phones.

<h3>What does Inventory Holding Cost mean?</h3>

Expenses associated with keeping inventory at a warehouse are known as inventory holding costs. Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms.

Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.

Businesses must take demand planning and demand sensing into account when these prices rise. These technologies can help businesses keep the right amount of stock on hand.

Therefore, The category of inventory holding costs that are depicted, based on the information provided comprises pilferage, scrap, and obsolescence.

The complete question is:

Which category of inventory holding costs has a much higher percentage than average for rapid-change industries such as PCs and cell phones?

A) housing costs

B) material handling costs

C) pilferage, scrap, and obsolescence

D) investment costs

To know more about inventory holding costs refer to: brainly.com/question/15298484

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6 0
2 years ago
ming is visiting her company's headquarters in germany, which has a highly assertive culture. she is likely to observe her cowor
Snowcat [4.5K]

Ming is visiting her company's headquarters in germany, which has a highly assertive culture. she is likely to observe her coworkers using competitive language when evaluating ideas.

Coworker is an online market and get right of entry to answer for discovering and reserving coworking spaces and bendy offices around the sector. It was based in 2015 via current president Sam Marks.[1][2] The agency has places of work inside the united states of america, Canada, Spain, and Thailand, with its registration in the u.s.. by 2021, the business enterprise recorded 18,500 coworking spaces in 172 international locations in its network.[3]

Learn more about coworkers here

brainly.com/question/1187909

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3 0
10 months ago
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