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schepotkina [342]
3 years ago
15

Jack holds an ownership interest of 59​% and Teresa holds an ownership interest of 41​% in the J and T Partnership. This​ year,

in order to further develop the​ business, Jack contributes an additional $ 7,200 and Teresa contributes an additional $ 2, 900 to the partnership. Which of the following is true of this​scenario?
A. Individual contribution of $ 7,200 by Jack and $ 2 ,900 by Teresa will be recorded.
B.59​% of​ Jack's contribution and 41​% of​ Teresa's contribution will be recorded.
C.Either the total contribution of $ 10,100 or the contribution in relationship to the ownership interest ratio will be recorded.
D.Only the total contribution of $ 10,100 will be recorded.
Business
1 answer:
tatiyna3 years ago
4 0

Answer:

Jack holds an ownership interest of 59​% and Teresa holds an ownership interest of 41​% in the J and T Partnership. This​ year, in order to further develop the​ business, Jack contributes an additional $ 7,200 and Teresa contributes an additional $ 2, 900 to the partnership. Which of the following is true of this​ scenario - the $7,200 by Jack and $2,900 by Teresa will be recorded as an individual contribution - option A

Explanation:

Based on the information given by the question, there would be an addition to Jack and Teresa's capital, since the individual contribution is being done by jack and teresa.

Therefore, the $7,200 by Jack and $2,900 by Teresa will be recorded as an individual contribution - option A.

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Explanation:

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a. the measurable dependent variable for the study is the fares of the southwast airlines.

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3 years ago
Do you consider it morally and ethical wrong to pay bribes through an agent entering an international market faster, receiving n
Ghella [55]

Answer:

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3 0
2 years ago
Read 2 more answers
Sheridan Company applied FIFO to its inventory and got the following results for its ending inventory. Cameras 113 units at a co
ICE Princess25 [194]

Answer:

Ending inventory is <u>$24,917</u>.

Explanation:

Lower-of-cost-or-net realizable value method implies that whichever is lower between the cost per unit and the net realizable value per unit is used to value the ending inventory of an item.

The ending inventory can therefore be determined as follows:

<u>For Cameras:</u>

Units = 113

Cost per unit = $61

net realizable value per unit = $74

We choose cost per unit since it is lower and we have:

Cameras ending inventory = 113 * $61 = $6,893

<u>For Blu-ray players:</u>

Units = 153

Cost per unit = $77

net realizable value per unit = $50

We choose net realizable value per unit since it is lower and we have:

Blu-ray players ending inventory = 153 * $50 = $7,650

<u>For iPods:</u>

Units = 133

Cost per unit = $86

net realizable value per unit = $78

We choose net realizable value per unit since it is lower and we have:

iPods ending inventory = 133 * $78 = $10,374

<u>Calculation of ending inventory:</u>

Ending inventory = Cameras ending inventory + Blu-ray players ending inventory + iPods ending inventory = $6,893 + $7,650 + $10,374 = $24,917

8 0
2 years ago
At Acme Global, customer service is an important priority. However, Michael's latest performance appraisal focused on his lack o
White raven [17]

Answer:

The correct answer is letter "B": based on mission and objectives.

Explanation:

Performance appraisals are evaluations managers make on how employees are conducting their day-to-day activities. Appraisals are standardized based on the duties and goals workers must fulfill according to their jobs. Determining if the employee is underperforming or meeting expectations will depend on that standard. However, <em>every appraisal should also pay important attention to the objectives set for the workers, and if they are reaching them or not.</em>

5 0
3 years ago
Romney's Marketing Company has the following adjusted trial balance at the end of the current year. No dividends were declared.
DerKrebs [107]

Answer:

Net income = $3,560

Explanation:

                                       Romney's Marketing Company

                                        Multi-step income statement

                               For the Year ended December 31 20YY

Sales revenues 37,250

Less: Cost of goods sold = 0

Gross profit                                                          = 37,250

Less: Operating expense:

Wages expense                                 = $19,000

Depreciation expense                       = $1,750

Utilities expense                                = $320

Insurance expense                            = $780

Rent expense                                     = $9,800

Total operating expense                   = ($31,650)

Add: operating income:

Rent revenue                                      =  $560

Total operating income                                         = $6,160

Other operating income

Interest revenue                                                    = 160

Net income before taxes                                      = $6,320

Income tax expense                                              = $2,760

Net income                                                             = $3,560

4 0
3 years ago
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