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Helga [31]
4 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]4 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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All of the following would cause a shift in the aggregate supply curve except:________.
Helga [31]

Answer: a change in the price level.

Explanation:

A shift in the aggregate supply curve is caused by non-price changes such as real wages of the workers, tax, technological innovation, productivity level etc.

The change in price will only result in the movement along the supply curve, which is also referred to as the change in quantity supplied. A change in price will not cause a shift on the aggregate supply curve.

Therefore, option A is the correct answer.

6 0
4 years ago
Amy’s goes beyond the minimum requirements set by the Food and Drug Administration; they have personal responsibility for ethica
gregori [183]

Going beyond the minimum requirements set by the Food and Drug Administration; they have personal responsibility for ethical behavior.This is most closely relates to the business ethics programs.

<u>Explanation:</u>

  • Business ethics is said to be art and science which helps in maintaining a harmonious relationship with the society and the business conduct of social responsibility.
  • These business ideas generally emphasize general business ideas to business behavior.  
  • It is applicable to all business conduct and to the entire organization along with the individual's conduct.
4 0
3 years ago
Joy's Java Café needs $4,000 cash per day for customer transactions. Joy has a choice between going to the bank first thing on M
mezya [45]

Answer:

$600

Explanation:

Given:

Total number of week = 50 Trip

Each trip cost = $3

Number of working days in a week = 5

After 10% Inflation rate number of trip = 50 (one day in a week = 1 x 50 weeks )

Calculation:

Without inflation Trip = 50 trip x 5 Days

                                   = 250 trip

After Inflation = 250 - 50 Trips

                       = 200 Trips

Total cost = 200 x 3$

                 = $600

8 0
3 years ago
Sketches Inc. purchased a machine on January 1, 2016. The cost of the machine was $29,000. Its estimated residual value was $9,0
ivolga24 [154]

Answer:

Annual depreciation= $4,000

Explanation:

Giving the following information:

The cost of the machine was $29,000. Its estimated residual value was $9,000 at the end of estimated 5-year life.

<u>To calculate the depreciation expense, we need to use the following formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (29,000 - 9,000)/5

Annual depreciation= $4,000

8 0
4 years ago
Barette Consulting currently has no debt in its capital structure, has $500 million of total assets, and its basic earning power
QveST [7]

Answer:

d) The ROE would increase

Explanation:

Since the company's operating income will remain unchanged, net income will decrease due to interest expense, but the total number of shares outstanding will decrease. This will result in a higher EPS (earnings per share), and a higher ROE (return on equity), but it would also make the company's risk increase and Re (cost of equity) increase.

6 0
3 years ago
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