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3 years ago

How long does a typical session of Congress last?

1 answer:

6 0

A typical session of Congress lasts on average, 138 days for the House of Representatives in 162 days for the Senate.

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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the r

Natali5045456 [20]

Answer:

$67,000

Explanation:

Miller$72,000/60%=$ 120,000 loss to eliminate capital

Tyson$72,000/20%=$ 360,000 loss to eliminate capital

Watson$19,000/20%=$ 95,000 loss to eliminate capital

Watson is the partner most vulnerable to a loss of $95,000 which will inturn eliminate Watson's capital balance

Hence:

$162,000-$95,000

=$67,000

Therefore if the loss on disposal is less than $95,000, all partners will retain positive capital balances and receive some cash in liquidation reason been that other assets which is $162,000, must be sold for any amount over $67,000 for all partners to get cash.

7 0

3 years ago

Among the best-known companies that use customer satisfaction surveys to evaluate service quality in various industries is:_____

belka [17]

Answer: a) J.D. Power and Associates

Explanation: As there is an undue emphasis on measuring objective output performance by companies and organizations, data is collected and analysed. This data helps measure customer satisfaction which is a major predictor of repurchase of products or services. However, customer satisfaction is to a greater extent, largely influenced by performance evaluations of product, of quality, and of value. J.D. Power and Associates, a marketing firm is well known among the best-known companies as one that uses customer satisfaction surveys to evaluate service quality in various industries. Through its automotive research, it collects consumer responses for a variety of surveys which it uses to award car models rankings.

3 0

4 years ago

Revenue on account amounted to $4,400. Cash collections of accounts receivable amounted to $2,600. Expenses for the period were

DaniilM [7]

<u>Calculations of Net Income for the period (Assuming the Accrual Method of accounting):</u>

It is given that Revenue on account amounted to $4,400. Expenses for the period were $2,300.

The Net income for the period using the Accrual Method of accounting can be calculated with the help of following formula;

Net Income = Sales Revenue – Expenses

= 4400-2300

= 2100

Hence, the net income for the period is <u>$2,100</u>

4 0

3 years ago

Schrute Farm Sales buys portable generators for $460 and sells them for $750. He pays a sales commission of 5% of sales revenue

andrey2020 [161]

Answer:

his contribution margin is $75750

Explanation:

given data

buys = $460

sell = $750

sales commission = 5%

store rent = $7000

pay for staff = $1800

to find out

what would be his contribution margin

solution

contribution margin is express as

contribution margin = sales - sales commission - cost of good sold .........1

put here value

contribution margin = 300 × 750 - ( 300 × 750) 5% - 300 × 460

contribution margin = 75750

so his contribution margin is $75750

3 0

4 years ago

On January 1, Year 1, Jing Company purchased office equipment that cost $15,200 cash. The equipment was delivered under terms FO

Tanzania [10]

Answer:

$3,120

Explanation:

First and foremost, annual depreciation expense is determined using the below straight-line method formula:

annual depreciation=total cost of equipment-salvage value/useful life

total cost of equipment=purchase price+ transportation cost

total cost of equipment=$15,200+$1,300

total cost of equipment=$16,500

salvage value=$5,700

useful life =5 years

annual depreciation=($16,500-$5,700)/5

annual depreciation=$2,160

net income=cash revenue-cash expenses-annual depreciation+profit/(loss) on disposal

profit or(loss)=sales proceeds-book value

book value=cost-accumulated depreciation for 3 years

book value=$16,500-($2160*3)=$10,020

profit/(loss) on disposal=$8,900-$10,020=-$1,120

net income= $17,400-$11,000-$2,160-$1,120

net income=$3,120

5 0

3 years ago