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3 years ago

Which of the following is an advantage of a partnership?

Business

1 answer:

sergejj [24]3 years ago

6 0

Answer:

Explanation:

as if u share a business then the time and management is also shared

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One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i

Grace [21]

Answer:

1 dollar = 1.5 peso

Explanation:

An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.

Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.

Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.

<u>Given </u>: 1 unit of peso = 12 grains of gold

1 unit of US Dollar = 18 gains of gold

<u>To find</u> : 1 peso = ___ dollars

1 grain of gold = $\frac{1}{12}$ peso

similarly, 1 grain of gold = $\frac{1}{18}$ dollars

this means, $\frac{1}{12}\ peso\ = \ \frac{1}{18}\ dollars$

it means 1 peso = $\frac{12}{18} \ dollars$

or 1 peso = $\frac{2}{3} \ dollars$

or 1 dollar = 1.5 pesos

6 0

4 years ago

On April 1, 2021, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which i

Allushta [10]

Answer:

$10,500 loss

Explanation:

The computation of the net income affected is shown below:

Since Big Ben purchased shares of Little Trick on 1st April ,so it has the right to receive 30% of the net income for nine months i.e from April 1 to December 31

Now the Earnings from Little Trick is

= $20,000 × 30% × 9 months ÷ 12 months

= $4,500

And, the Compensation paid is $15,000

So, the loss is

= $15,000 - $4,500

= $10,500

8 0

3 years ago

Using the following information, compute the direct materials used. Raw materials inventory, January 1 $ 20000 Raw materials inv

andrew11 [14]

Answer:

$1,320,000

Explanation:

According to the scenario, computation of the given data are as follow:-

Purchase of raw material = $1,800,000

Opening stock of raw material = $20,000

Closing stock of raw material = -$3,140,000

Direct Material Used = Purchase of Raw Material + Opening Stock of Raw Material - Closing Stock of Raw Material

= $1,800,000 + $20,000 - $3,140,000

= $1,320,000

7 0

3 years ago

If an investment of $400,000 were to grow to $5,000,000 over a period of 20 years, what is the stated annual rate at which it mu

castortr0y [4]

If an investment of $400,000 were to grow to $5,000,000 over a period of 20 years, 13.04% is the stated annual rate at which it must be invested, given that the return is compounded semiannually.

Considering that the return is compounded semi-annually,

PV = $400,000, FV = $5,000,000, N = (20)(2) = 40, and CPT I/Y:

Semiannual discount rate is equal to 6.52%.

Assumed yearly rate = 6.52 x 2 = 13.04%

Which Annual Interest Rate Is Stated?

The return on investment (ROI) presented as a yearly percentage is known as the stated annual interest rate (SAR), or ROI. It is a straightforward computation of interest rates that does not take annual compounding into consideration.

POINTS TO NOTE

The yearly rate that is presented is an annualized rate of interest that does not account for intra-year compounding.

The intra-year compounding of interest is taken into account by effective yearly rates.

Depending on the financial product, banks frequently display the rate that seems to be more attractive.

to know more about annual interest rate

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3 0

2 years ago

In year 1, Rim Corporation purchases 1,000 shares of treasury stock for $10 per share. In year 2, Rim reissues 100 shares of the

Alecsey [184]

Answer:

The correct answers are:

C-debit paid-in capital treasury shares $200

D-Debit retained earnings $300

Explanation:

The purchase of treasury stock for $10 per share implies that the price paid per share is the par value of each share.

Upon issue of 100 shares at $12 the following entries are required:

Dr Cash (100*$12) $1,200

Cr Treasury stock(100*$10) $1,000

Cr Paid-in capital in excess of par $200

However upon issue of 500 share at $9 per share which is $1 less than the par value, hence there is $500 discount on the issue.

The discount is recorded as follows:

Dr paid-in capital $200

Dr Retained earnings $300

The $200 posted to paid-in capital is the same premium that posted in there earlier when 100 shares.

5 0

3 years ago