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Leto [7]
3 years ago
15

Whitman and Greene are partners in a real estate venture. At January 1, 2020, their respective capital balances were $200,000 an

d $245,000. Their partnership agreement provides that Whitman is to receive a guaranteed salary of $100,000, and that remaining profits after the salary are to be shared in a 2:3 ratio. Partnership operations for the year 2020 resulted in income of $75,000, before distributions to partners. Whitman’s salary is paid in cash during the year, but there are no other withdrawals or capital changes. Assume full implementation. Required a. Compute the balance of each partner’s capital account at December 31, 2020. Balance at December 31, 2020 Whitman Answer 290,000 Greene Answer 0 b. Compute the balance of each partner’s capital account at December 31, 2020, assuming partnership income was $150,000. Balance at December 31, 2020 Whitman Answer 0 Greene Answer 0
Business
1 answer:
kykrilka [37]3 years ago
5 0
Which describes the cross section of the rectangular prism that passes through vertices A, B, C, and D?

(A rectangular prism with measurements 3 centimeters, 10 centimeters, 6 centimeters.)

a rectangle with two 10-cm sides and two 6-cm sides
a rectangle with two 10-cm sides and two sides that are longer than 6 cm
a nonrectangular parallelogram with two 10-cm sides and two 6-cm sides
a nonrectangular parallelogram with two 10-cm sides and two sides that are longer than 6 cm
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Jane recently accepted a position as an Associate Professor of Management at Central State University. She has found that nearly
Lapatulllka [165]

Answer:

Education Administrators

Explanation:

Education Administrators: It is a position created by education institution for smooth functioning of institution. Education Administrator manage day to day activity, resources, etc of education institution.. This is an important role to check the functioning of institution as they support teaching staff in learning program strategy and improvement of facility for future development and growth of institution. They are the one, who also influence and motivate other employee to work toward goal of institution.

In the given case, Jane recently accepted a position as an Associate Professor of Management at Central State University, where she need approval from school adminstrator for all every administrative decision she makes. Therefore, the university has Education Administrators.

8 0
3 years ago
A firm sells a product in a purely competitive market. The marginal cost of the product at the current output of 200 units is $4
posledela

Answer:

D. Should Shut Down

Explanation:

A perfect competition firm is at profit maximising equilibrium where : Marginal Revenue [Price] = Marginal Cost .

If MR > MC : Firm's additional production is profitable, it tends to increase production. If MR < MC : Firm's additional production is loss making, it tends to decrease production.

However, If firm's Price i.e MR < Average Variable Cost : The firm's per unit price is even unable to cover it's per unit average variable cost. This situation is referred to as 'Shut Down' point & firm should close down its production in the case.

Given : MR = P = 3 ; MC = 4 ; AVC = 3.5 . The firm's price P (3) is not only lesser by its Marginal Cost MC (4), to decrease production ; but also lesser than its Average Variable Cost AVC (3.5) . So, the firm should shut down.

7 0
3 years ago
The existing balance in Allowance for Doubtful Accounts is considered in computing bad debts expense in the A. direct write-off
AlexFokin [52]

The correct answer is choice b - the percentage of receivables basis.

When an accountant is calculating the bad debts expense they will take into account the balance in the Allowance for Doubtful Account when they are calculating on the percentage of sales basis.

8 0
3 years ago
Congress passes a law that regulates the amount of lettuce that can be grown on a farm. Milton is a farmer who grows lettuce. He
Yuliya22 [10]

Answer:

The answer is: A) Declare the law constitutional because Milton's actions substantially affect interstate commerce.

Explanation:

The Commerce Clause, Article I, Section 8, Clause 3 of the Constitution of the United States:

[The Congress shall have Power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.

Congress can enact laws that regulate interstate commerce, and this law is an example of one of them. It doesn't matter if Milton's action only affect commerce in a very small way, the law is still constitutional.

6 0
3 years ago
What is an agile MIS infrastructure?
jok3333 [9.3K]

Answer:

Explanation:

Based on my research Agile MIS infrastructure Includes the hardware, software, and telecommunications equipment that, when combined, provides the underlying foundation to support the organization’s goals. Like mentioned previously these all combine in order to form a system which gives the organization to the means of achieving the goals and vision set forth by the founding members of the organization.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
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