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stepan [7]
3 years ago
7

Jordon and Heidi share income equally. For the current year, the partnership net income is $40,000. Jordon made withdrawals of $

14,000, and Heidi made withdrawals of $15,000. At the beginning of the year, the capital account balances were: Jordon, Capital, $40,000; Heidi, Capital, $58,000. Jordon's capital account balance at the end of the year is a.$46,000 b.$68,000 c.$74,000 d.$54,000
Business
1 answer:
aleksley [76]3 years ago
3 0

Answer:

a.$46,000

Explanation:

A partner ship account records the transactions related to partnership. All transaction of withdrawal, Profit allocation etc. are recorded to determine the closing balance of each partner.

Ending Capital Balance = Beginning Capital balance + Income allocation for the year - withdrawals

Jordon's Ending Capital Balance = $40,000 + ( $40,000 x 0.5 ) - $14,000

Jordon's Ending Capital Balance = $40,000 + $20,000 - $14,000

Jordon's Ending Capital Balance = $46,000

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If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
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Answer:

The coupon rate is the stated periodic interest payment due to the bondholder at specified times. The bond's yield is the anticipated overall rate of return. If the bond's price changes and is no longer offered at par value, the coupon rate and the yield will no longer be the same as the coupon rate is fixed and yield is a derivative calculation based on the price of the bond.

4 0
2 years ago
Pls help for questions no 2, 3, 4, 7, 8, 9, 10
Montano1993 [528]
I can’t see the question
5 0
3 years ago
The four types of consumer products differ in terms of the (1) effort the consumer spends on the decision, (2) attributes used i
yarga [219]

Answer:

Types of Consumer Product       Examples

Convenience Product:                 Zest bar soap

Shopping Product:                       Sony Blu-ray Disc™ player

                                                     Doritos Hermès Birkin bag

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Specialty Product:                       Patek Philippe watch

                                                    Maytag® dishwasher

Unsought Product:                      Royce Poplar coffin

Explanation:

a) The factors that distinguish consumer products are:

(1) effort the consumer spends on the decision

(2) attributes used in making the purchase decision

(3) frequency of purchase.

b) Types of Consumer Product

Convenience Product

Shopping Product

Specialty Product

Unsought Product

c) Product Examples:

Royce Poplar coffin

Patek Philippe watch

Sony Blu-ray Disc™ player

Maytag® dishwasher

Doritos Hermès Birkin bag

Zest bar soap

Goodyear Ultra Grip tires

6 0
3 years ago
During December, Rainey Equipment made a $658,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.
crimeas [40]

Answer:

Debit: Accounts Receivable 707,350

Credit: Sales Revenue 658,000

Credit: Sales taxes payable ([6% + 1.5%] × $658,000) = $49,350

Explanation:

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3 years ago
For what range in marginal cost will the firm continue to charge a price of $60?
hammer [34]

Range for marginal cost  =  $20 to $50

Since at the price of $60 total Marginal revenue on demand curve two  =  $20

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Hence $60 for the product is optimum for the range of marginal cost from $20 to $ 50.

Since the optimum level of price is where marginal cost is equal to marginal revenue.

The marginal cost of production includes all costs that vary with that level of production. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is the marginal cost.

Marginal Cost = Change in Total Cost / Change in Quantity. Change in Total Cost = Total Cost of Manufacturing Including Additional Units – Total Cost of Manufacturing Regular Units. Quantity Change = Full Quantity Product with Additional Units - Full Quantity Product in Regular Units.

Learn more about Marginal Cost here: brainly.com/question/17230008

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5 0
2 years ago
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