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
nexus9112 [7]
3 years ago
8

Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectivel

y. Ramsey is admitted to the partnership and is given a 10% interest by investing $20,000. What is Orton's capital balance after admitting Ramsey?
Business
1 answer:
Illusion [34]3 years ago
5 0

Answer:

$44,800

Explanation:

For computation of capital balance we need to find out first total capital, shares, gain and Orton shares which is shown below:-

Total capital = $60,000 + $40,000 + $20,000

= $120,000

Shares = Total capital × Interest rate

= $120,000 × 0.10

= 12,000

Gain = Investment - Shares

= $20,000 - $12,000

= $8,000

Orton Shares = Gain × 3 ÷ 5

= $8,000 × 3 ÷ 5

= $4,800

Capital = Given capital balance + Orton Shares

= $40,000 + $4.800

= $44,800

So, We have applied the above formula.

You might be interested in
You work for a drywall company and are trying to secure a contract with a large commercial builder. The purchasing agent from th
lbvjy [14]

Answer:

B

Explanation:

Bypassing is a type of communication barrier were two people communicating think they understand each other but actually they miss each other's meaning.

I and the purchasing agent thought we had effectively communicated and set up a meeting but in reality, we hadn't agreed on a meeting venue.

5 0
3 years ago
What are three advantages and three disadvantages of globalization
umka21 [38]
Living dying survival food water animals according to my ficisallogu Shri
5 0
3 years ago
When employees have multiple concurrent connections , what might be happening to the vpn syatem?
Tasya [4]

There may be a security issue. A VPN (Virtual Private Network) allows you to create a direct secure connection that is protected from hackers and other threats.

3 0
3 years ago
Describe an important benefit of the safe harbor provisions of the DMCA. Describe an important weakness of the safe harbor provi
Oliga [24]

Answer:

A - Insulate the online user from a seeming liability that could arise from using someone's else resources.

B - It is widely acknowledged that the provisions of the DMCA have reduced a large number of legal procedures, instead of stopping copyright infringement.

C - The public believe that some of the DMCA provisions threaten fair use of contents, stifle competition and eventual innovation in public policy participation.

Explanation:

A - Insulate the online user from a seeming liability that could arise from using someone's else resources. The foremost objective of DMCA provisions is to strike a balance between copyright owners and the users of such. Inadvertently, it us expected that there will be attendant cases and issues emanating from such. DMCA seeks to provide adequate guidelines to addressing such.

B - It is widely acknowledged that the provisions of the DMCA have reduced a large number of legal procedures, instead of stopping copyright infringement. As there's tendency to subject the most noblest of initiative to abuse, DMCA is not an exception. The manipulation and selective interpretation of the guidelines have thus stifle many legal proceedings that could otherwise have occasioned. Resultantly, threatening the effectiveness of its foremost objective.

C - The public believe that some of the DMCA provisions threaten fair use of contents, stifle competition and eventual innovation in public policy participation. The manipulation and selective interpretation of the guidelines have thus diluted its pristine mission of establishment. Thus, fair play I'm in the use of contents, robust competition and intellectual innovation are under threat by the constant misapplication of DMCA provisions.

5 0
3 years ago
Which account is credited when a job is completed? finished goods inventory. sales revenue. cost of goods sold. work in process
Firdavs [7]

Answer:

sales revenue. We are going to debit profit and loss too for cost of labor if need arises.

3 0
4 years ago
Other questions:
  • Brooklyn sells a single product to wholesalers. The company's budget for the upcoming year revealed anticipated unit sales of 33
    9·1 answer
  • Tawney Company is considering investing in a new piece of equipment that costs $700,000 and has a $200,000 residual value. The n
    12·1 answer
  • In reconciling a bank​ statement, the bank balance is​ $2,100, and the checkbook balance is​ $2,001. Which of the following is t
    8·1 answer
  • Below is budgeted production and sales information for Flushing Company for the month of December: Product XXX Product ZZZ Estim
    15·1 answer
  • Properly designing a protective packaging system requires three important kinds of information. Which of the following is not on
    12·1 answer
  • How do large companies exercises control over producers
    8·1 answer
  • Help me? I confused about this Starbucks card? It showed up on my phone out of nowhere
    11·1 answer
  • Park Corporation is planning to issue bonds with a face value of $2,002,000 and a coupon rate of 10 percent. The bonds mature in
    7·1 answer
  • 9.
    8·2 answers
  • What organization issues management marketing and technical publications
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!