1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
9966 [12]
3 years ago
11

The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash $60,000 Liabilities $80,000 Oth

er Assets 150,000 Janet, Capital 80,000 Anton, Capital 30,000 Millet, Capital 20,000 Total 210,000 Total 210,000 The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:
Business
1 answer:
Effectus [21]3 years ago
7 0

Answer:

Janet will receive=$30,000

Explanation:

According to the information of the exercise, consider the following calculations.

<em>Step 1.</em> Total net assets realized=(60,000+50,000)=$110,000

<em>Step 2.</em> Less : liabilities paid=$80,000

<em>Step 3.</em> Remaining balance=$30000

Hence Janet will receive=$30,000

You might be interested in
1. The interest rate that the Federal Reserve Bank (the Fed) charges member banks for loans is known as the____________ .
horsena [70]

Answer:

1. Discount rate.

2. Increase.

Explanation:

A Federal Reserve Bank is one of the twelve regional banks of the Federal Reserve System in the United States of America. The Federal Reserve Banks are saddled with the responsibility of implementing the monetary policy designed and provided by the Federal Open Market Committee (FOMC).

Federal Reserve System also known as the Fed, was created under the Federal Reserve Act which was passed by US Congress in 1913. The Fed began its operations in the year 1914. It's a financial institution which was founded by President Woodrow Wilson and was primarily aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.

Furthermore, just like all central banks, the Fed is a government financial institution which is saddled with these responsibilities;

1. Controlling the issuance of currency in United States of America: the Fed promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

2. Providing banking services to all the commercial banks in the country: the Fed is the "lender of last resort.

3. Regulating banking activities: it has the power to supervise and regulate banks.

The Federal Reserve Board is the governing body which essentially manages the Federal Reserve System and performs an oversight function on domestic monetary policies.

<em>Additionally, the interest rate that the Federal Reserve Bank (the Fed) charges member banks for loans is known as the discount rate. Also, the Fed can increase the money supply by lowering this rate (discount rate) and thus, empowering the member banks to lend more money.</em>

5 0
3 years ago
The the utilitarian, individualism, moral rights, and justice views offer different approaches to moral reasoning; each takes a
Aliun [14]

Answer and explanation:

Utilitarianism, individualism, moral rights, and justice alone are not better than one another. Managers must use the four of them as tools to build ethical behavior at work but the challenge comes in knowing when to apply each one according to the situation.  

Utilitarianism emphasizes common wellness and the maximization of satisfaction while individualism prevails the moral worth of individuals. Moral rights and justice can be provided both in groups and for each member of a given group.

Thus, <em>some of the moral approaches mentioned can be applied when dealing with employees separately while others collectively.</em>

8 0
3 years ago
The martin family has a disposable income of $90,000 annually. assume that their marginal propensity to consume is 0.8 (the mart
stiks02 [169]
90000$:100%=x$:80%, x*100=90000*80, x=72000$
The Martin family spends 80% of annual income which is 72000$ and their autonomous consumption spending is 10000$.
So Martin's family annual consumer spending is 72000$+10000$=82000$.
7 0
3 years ago
The following data are for Sophie Wynn Company. Variable cost per unit $12.50 Fixed costs $500,000 Calculate the selling price p
ANTONII [103]

Answer:

$27.90 per unit.

Explanation:

Given that,

Variable cost per unit = $12.50

Fixed costs = $500,000

profit = $270,000

sales volume = 50,000 units

Total cost:

= Fixed cost + Variable cost

= $500,000 + ($12.50 × 50,000)

= $1,125,000

Sales revenue:

= cost + profit

= $1,125,000 + $270,000

= $1,395,000

Selling price per unit:

= Sales revenue ÷ Number of units sold

= $1,395,000 ÷ 50,000

= $27.90 per unit.

7 0
4 years ago
You pay $21,600 to the Laramie Fund which has a NAV of $18.00 per share at the beginning of the year. The fund then deducted a f
Roman55 [17]

Answer:

what is your investment worth at the end of 4 years?

$22,889

Explanation:

$22,889

[((21600)(0.96)(1.10)91-.013))/21600]-1=4.23%

3 0
3 years ago
Other questions:
  • Sales force training is part of the
    8·1 answer
  • A method of saving that allows easy access to the money at low risk in case of emergency is A. a 401(k) account. B. home equity.
    15·1 answer
  • When a home is hit with a assessment to pay for an improvement in the neighborhood such as sidewalk repair, or paving a road, or
    14·1 answer
  • Sally needs to gather information about carees from a print or media source. Which of the following would be a reliable resource
    12·1 answer
  • If the general education level within a country rises significantly over time, it is likely that: the country’s production possi
    15·1 answer
  • PureSource Pharma Inc. recently acquired BioChem Pharmaceuticals Inc. It now sells its own products along with the products orig
    10·1 answer
  • Sansa, Cercei, and Tyrion have just finished their team's project and are waiting for their supervisor's feedback. Cercei has be
    10·1 answer
  • Eric is adding three more slides to his PowerPoint presentation. He knows he wants one of them to have only a large text box, th
    6·2 answers
  • Gunnar, the Director of Operations at Fantastic Foods, has worked with other managers over the years to set up groups and teams
    11·1 answer
  • 1. R 20 million of new investment has been added to the South African economy, the current MPS is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!