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3 years ago

15

A ________ has been defined as "an association of two or more persons who carry on as co-owners of a business for profit."

1 answer:

Goryan [66]3 years ago

6 0

A partnership has been defined as "an association of two or more persons who carry on as co-owners of a business for a profit."

A partnership is a legal agreement/arrangement where people, known as partners, work together and are beneficial to one another in terms of business. A fun example of a partnership is Ben & Jerry's ice-cream. Founded by Ben & Jerry they were partners in their company and created a successful business though partnership.

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What is the anser to -2+1=

Serhud [2]

Answer: -1

Explanation: Maffs

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2 years ago

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On December 31, the Income Summary account of Madison Company has a debit balance of $111,000 after revenue of $117,000 and expe

loris [4]

Answer:

a) See the image attached for the sheet of closing entry

b) New balance = (174000-111000-12000) = 51000

8 0

3 years ago

On the first day of the fiscal year, Hawthorne Company obtained an $88,000, seven-year, 5% installment note from Sea Side Bank.

Alex73 [517]

Answer:

DR - Interest expense - $4,400

Explanation:

DR - Interest expense - $4,400

DR - Notes payable - $10,808

CR - Bank/Cash - $15,208

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3 years ago

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What happens when a country's money loses its function as a store value?

irina1246 [14]

No one is able to get any profit

6 0

3 years ago

The borrower in a $238,000 loan makes interest payments at the end of each six months for eight years. These are computed using

yanalaym [24]

Answer:

D = 7980.55

Explanation:

Since the borrower pays in 6 months wich is half a year, we calculate the semi-annual rate = $\frac{Annual rate of intrest}{Number of months}$

= $\frac{0.042}{12}$

= 0.0035 = 0.35%

The effective semi-annual rate is, [(0.0035)⁶- 1] = 0.02118461

$\frac{D[(1.02118461)^{16} - 1]}{1.02118461) - 1}$ + $\frac{D[(1.02118461)^{10} - 1]}{1.02118461) - 1}$ = 238000

$\frac{D(1.398518 - 1)}{0.02118461}$ + $\frac{D(1.233226 - 1)}{0.02118461}$ = 238000

0.631744D = 238000 * 0.02118461

0.631744D = 5041.937

Therefore D = 7980.55

7 0

3 years ago