1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Schach [20]
3 years ago
8

Kendra and Amelia operate an art gallery, owned as a partnership. Kendra disappeared. A few days later, Amelia learned that Kend

ra embezzled $75,000 of government grant money through the company. Is Amelia responsible for the $75,000?
Business
1 answer:
Jobisdone [24]3 years ago
6 0

Answer:

Yes, Amelia responsible for the $75,000

Explanation:

It is given that Kendra and Amelia are jointly operating the art gallery, they are working together as a partnership. If a person does any work in the partnership business, other has full responsibility for partnership.

In the given question Kendra Has embezzled a $75,000 government grant, which will be responsible for partnership business but in the absence of Kendra, Amelia will also be responsible for all this.

You might be interested in
Medical Equipment Supply Company and Natural Rehabilitation Center enter into a contract for a lease of a certain number of whee
nydimaria [60]

Answer:

a. automatically.

Explanation:

Since in the question it is mentioned that there is a contract between the center and the company for leasing a certain number of wheelchairs. Also, it gives assurance with respect to the good title to be valid

And under the UCC, this title warranty arises automatically as in this case the automatization is done in most of the cases

Hene, the correct option is a.

6 0
2 years ago
You have worked with the research department to implement the research plan. The team has gathered the data, checked it for accu
Kipish [7]

Answer:questionnaire method

Explanation:

Using questionnaire methods to gather your responses, it would be very imperative and pertinent for your marketing department to utilize them. It is because, your questionnaire will show a well detailed information on your respective research. This would also give room for improvement if needs arises.

6 0
3 years ago
Read 2 more answers
If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the reciept of cash would be journal
Andru [333]

If a company has advance ticket sales totaling 2,000,000 for the uncomping football season. the receipt of cash would be journalized as  Debit Cash, credit Unearned Revenue.

A receipt is documentation that something was purchased and paid for. If you plan to return something you purchased, you usually need it. On business trips, people keep track of their receipts so that their employers can reimburse them for any expenses they incurred. A less common usage of the word receipt is as a verb, as in "The clerk receipted my purchases," which means that the clerk provided written evidence that the things were paid for. Receipts are given out in business-to-business transactions as well as stock market transactions, in addition to the receipts that customers normally obtain from vendors and service providers. Both transactions on the stock market and business-to-business exchanges issue receipts. Furthermore, receipts are required as verification of some expenses for tax purposes.

Learn more about receipt here

brainly.com/question/9740546

#SPJ4

7 0
1 year ago
The only skill required of managerial accountants is that they have a solid knowledge of both financial and managerial accountin
slava [35]

Answer:

It's false

Explanation:

8 0
2 years ago
Helen spent the last 85 days of 2020 in a nursing home. The cost of the services provided to her was $27,625 ($325 per day). Med
Vsevolod [243]

Answer:

Amount included in gross income of Helen is $0.

Hence, There will be no effect upon the gross income of Helen.

Explanation:

Data Given:

Number of Days Helen Spent = 85 days

Cost of the services = $27,625

Medicare Paid = $8400

Benefits received = $15440

Assumption: Federal Daily Excludible amount = $380

Solution:

Daily Statutory  amount = Daily Excludible amount x number days spent

Daily Statutory  amount =  $380 x 85 days

Daily Statutory  amount = $32300

We know that,

Amount of Medicare Paid = $8400

So, now we need to calculate the amount of exclusion first.

1. Amount of Exclusion = cost of the services - Medicare paid

Amount of Exclusion = $27625 - $8400 = $19225

So, now we calculate the amount included into the gross income of Helen.

2. Amount included in gross income = Benefits Received - Amount of Exclusion

Amount included in gross income =  $15440 - $19225

Amount included in gross income = -$3785

Here, we will not cater the negative, which means that amount included in gross income of Helen is $0.

Hence, There will be no effect upon the gross income of Helen.

5 0
3 years ago
Other questions:
  • During what stage of product development are production costs estimated
    11·1 answer
  • Response questions generally focus on
    11·2 answers
  • EXPLAIN THESE CHARACTERISTICS OF AN ENTREPRENEUR
    10·1 answer
  • Portions of the financial statements for Peach Computer are provided below.
    6·1 answer
  • You just got hired as a quality intern for a small startup making 3D printers. Each printer uses a number of small motors and on
    9·1 answer
  • _______________ are typically thought of as "the voice of the consumer." Their job is putting consumers at the center of the com
    9·1 answer
  • Five firms exist in the Liagiba industry. Their respective market shares are 35, 25, 15, 15, and 10 percent. Five firms exist in
    13·1 answer
  • Suppose Yolanda needs a dog sitter so that she can travel to her sister's wedding. Yolanda values dog sitting for the weekend at
    9·1 answer
  • Ely Roofing Contractors enters into a lease for the use of new equipment. The term of the lease is three years. The annual lease
    6·1 answer
  • this is the percentage of each dollar of income, on average, that is spent for current needs and wants, rather than saved.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!