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
A reference group acts as a point of comparison and as a source of information for an individual.
Eva8 [605]

Answer:

True

Explanation:

A reference group is that group in which the comparison is made between the individual person or the group as the case may be.

In this group, the evaluation of individual taken place with respect to nature, behaviors, and characteristics so that they can know about them i.e performance, aims, etc

Thus, it is a mix of comparison, evaluation, and personal attributes

7 0
3 years ago
Boots Plus has two product lines: Hiking boots and Fashion boots. Income statement data for the most recent year follow: If $25,
GaryK [48]

Answer:

The missing part of the question is found below:

Boots Plus has two product lines: Hiking boots and Fashion boots. Income statement data for the most recent year follow:

                                Total       Hiking        Fashion

Sales revenue       $480,000 $340,000 $140,000

Variable expenses 355,000 235,000 120,000

Contribution margin 125,000 105,000 20,000

Fixed expenses         76,000 38,000 38,000

Operating income (loss) $49,000 $67,000 $(18,000)

Answer

By discontinuing fashion line of business operating income would increase by $5,000

Explanation:

The impact of eliminating Fashion line is evident in the revised Income statement below:

                                                                 Hiking

Sales revenue                                         $340,000

Variable expenses                                  ($235,000)

Contribution margin                                105,000

Fixed expenses($76,000-$25,000)     ($51,000)

Operating income                                    $54,000

By discontinuing the fashion line of business,the operating income would increase by $5,000 ($54,000-$49,000) from $49,000 when operating the two lines of business to $54,000 when fashion is closed up.

The most appropriate action is to concentrate on the hiking line which might mean that Boots plus has a competitive edge in the Hiking business sector.

4 0
2 years ago
Indicate how each of the following transactions affects U.S. exports, imports, and net exports.
Oxana [17]

Answer:

 export               import                net export  

1. increases         unchanged         increases

2. unchanged       increases             decreases

3.  unchanged       increases             decreases

4. unchanged       increases             decreases

5. increases         unchanged         increases

Explanation:

export would comprise of goods and services produced in the US that are been sold to foreign countries

Import would comprise of foreign produced goods and services that are been sold in the US

Net export would increase when export occurs and decrease when import occurs

Net export = exports – imports

When the French historian visits the US museum and the European family visits Disney,  they are enjoying US services, thus export increases and net export increases

The purchase of books from Cambridge in UK, Panasonic camera and the visit to Japan constitutes import. These increases import and reduces net export

7 0
2 years ago
Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period;
Maksim231197 [3]

Answer:

a. 29,450

Explanation:

Equivalent units under FIFO method are calculated using the following formula:  Equivalent units for each cost component  = (100% − A) × B + C + D × E . Where a = percentage of completion at the end of last period , b = units in opening work in process , c = units started and completed in current period   (30,000 - 3,000 =27,000), d = percentage of completion of units in closing work in process , e = units in closing work in process

Equivalent units for each cost component

= (100% − 75%) × 5000 + 27000 + 40% × 3000

= 29,450

5 0
3 years ago
What's the best definition of financial literacy
Kisachek [45]
Financial Literacy is the capability and understanding of money and can manage it.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following statements is CORRECT?
    11·1 answer
  • Bennie’s Radiator Shop has installed a new machine that increases production by 200 units. Each unit sells for $30. What is the
    6·1 answer
  • An analyst determines the value of investment
    9·1 answer
  • Under variable costing, which of the following costs would be included in finished goods inventory? a.salary of vice president o
    13·1 answer
  • What is the weighted average cost of capital for a corporation that finances an expansion project using 35% retained earnings an
    11·1 answer
  • A marginal benefit curve has a negative or a positive slope?
    8·1 answer
  • The reason the substitution effect works to encourage a consumer to buy less of a product when its price increases is:
    14·1 answer
  • This year, Barney and Betty sold their home (sales price $750,000; cost $200,000). All closing costs were paid by the buyer. Bar
    14·2 answers
  • A Whopper combo meal costs $3.00 and gives you an additional 15 units of utility; a meal at the Embassy Suites costs $29.00 and
    12·1 answer
  • Suppose that in 2014, currency in circulation was $950 billion, required reserves were $60 billion, and excess reserves were $84
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!