Answer:
a. Accounts Payable
Accounts payable have a credit balance and will increase under credit effect and decrease under debit effect.
b. Advertising Expense
Advertising expense has a debit balance and will increase in case of debit effect and decrease in case of credit effect.
c. Service Revenue
Service revenue will be credited and will increase in case of credit effect and decrease in case of debit effect.
d. Accounts Receivable
Accounts receivables will be debited and increase under debit effect and decrease under credit effect.
e. Retained Earnings
Retained earnings will be credited and will increase in case of credit effect and decrease in case of debit effect.
f. Dividends
Dividends will be debited which will lead to an increase in it under debit effect and decrease under credit effect.
Answer: Partnership Agreement, State Certification, Business name registration, Business bank account name opening.
Explanation:
A limited partnership is a business between two partners; one being the general partner who is accountable for all activities in the business and the other being the Limited Partner who is basically there for the money he invested in the business.
In addition to the tax identification, the Partnership agreement must be drafted so as to clearly describe the structure of the business as well as the role and rights of all partners involved.
The State Certificates which contain details of the business name, and its address as well as the names and addresses of the involved partners and agents is also required. The state would charge a fee to have this certificate registered.
Business Bank Account Name would be needed and it would be recognized as the official account where monies could be paid. An Employer Identification Number is also required if there are employees to be paid.
Business Name Registration - This registration is required when a name which is not the last name of the partners is chosen for the business.
Answer:
C. 1.25
Explanation:
Mathematically;
Capacity utilization rate= actual output per hour / operating level rate per hour
Actually output per hour= 500units
Operating level rate per hour= 400
Hence,
Capacity utilization rate= 500/400
Capacity utilization rate= 1.25
Answer:
21.11176754
Explanation:
storate cost: 0.30
as the storage is continusly we use continuos interest rate:
0.30 / 4 = 0.075 per quarter
this is paid in advance so we calculate the present values of this payment
PV = 0.295552053
Now we solve for the future value of silver using also a continuos rate
(20 + 0.295552053)e^0.04 = 21.11176754
I would say C because examining it with other evidence that was accurate would give you the idea of what you’re look for.
