Answer:
$800
Explanation:
The computation is shown below:
First we have to determine the total amount invested that is shown below:
= $11,000 + $4,000 + $5,000 + $8,000
= $28,000
And, the profit is $5,600
So, the percentage is
= $5,600 ÷ $28,000
= 0.2
Now the Gary share is
= $11,000 × 0.2
= $2,200
And, each share in profit
= $5,600 ÷ 4
= $1,400
Now the final amount is
= $2,200 - $1,400
= $800
Feedback Control <span>is a mechanism for gathering information about performance deficiencies after they occur.</span>
Answer: <span>Maastricht Treaty</span>
Answer: (d) liability - refundable deposits.
Explanation:
The refundable deposit of $1,000 was a liability because Growler owed it to the customer and were simply holding it for when the customer returned the equipment.
Upon receipt of the deposit, they credited the Refundable deposits accounts which is a liability account. Now that the customer has returned the cleaning equipment and the deposit is to be refunded to the customer, Growler should now debit the Refundable deposits account to cancel out the liability.
