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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
You might be interested in
rapidly rising u.s. health care costs have: group of answer choices forced the growth of wages to keep pace. done all of these.
Lady bird [3.3K]

Done all of these.Forced the growth of real wages to keep pace.Encouraged greater labor mobility.Caused some employers to use more part-time and temporary workers.

<h3>What has caused rising health care costs in the USA?</h3>
  • Healthcare expenditures have increased as a result of rising premiums, greater deductibles and copays, and skyrocketing prescription drug costs.
  • The Centers for Medicare & Medicaid Services1 estimate that by 2021, healthcare spending will have risen to $4.3 trillion. Because they have significant power over which medications are sold on the market, how they are promoted, and what prices they are charged, pharmaceutical corporations have a significant role in escalating health care expenditures.
  • Pharmaceutical corporations promote both new medications and new diseases Due to greater health care costs, people have less money available for other purchases of products and services.
  • High health care prices might make healthcare less accessible, drive customers bankrupt, and deplete retirement funds.

To learn more about U.S health care cost refer

brainly.com/question/21078705

#SPJ4

6 0
1 year ago
Grant Appraisal Service provides commercial and industrial appraisals and feasibility studies. On January 1, the assets and liab
Reil [10]

Answer:

attached table

Explanation:

for each transaction the acouting equation stand

As the sum ofthe three assets account is the same as the two liabiltiies account and the two equity account.

The revenues and expenses account were posted directly into retained earnings for the purpose of simplify the table.

<u>The expese account if needed to expand the table would be:</u>

(1) rent expense, (8)utilities expense, (11) interest expense and salaries expense (7) and (9)

5 0
3 years ago
What are some of the difficulties in measuring innate capacity and in measuring developed performance?
stira [4]

Answer:

Explained below.

Explanation:

There are some of the difficulties in measuring innate capacity and in measuring developed performance are as follows:

* Primarily we do not know precisely what innate abilities are or how to measure them so it is one of the difficulty while measuring innate capacities.

* And with the measurement of performance abilities, there is no single, all-inclusive performance criterion.

4 0
3 years ago
The number of employees in a company is reduced in the ratio 3 : 2 and the salary of each employee is increased in the ratio 4 :
Doss [256]

Answer:

The initial expenditure of the company on salary is Rs. 72.000

Explanation:

First we need to express the employees ratio in letter

3A=B

2C=D

A and C being the amount of employees

B the salary before, D the salary after

They say the salary after is the slary before minus Rs. 12.000

we can express this as D=B-12.000

We know to that the salary of each employee increased 4 to 5

Then C=(5/4)A or A=(4/5)C

We can have the following equation

2((5/4)A)=B-12.000

A=(2/5)(B-12.000)

we use this in the first expression

3(2/5)(B-12.000)=B

1,2B-14400=B

0,2B=14400

B=72.000

6 0
3 years ago
18. The following gifts are received in 2016 by a not-for-profit entity: I. $2,000 specified by the donor to be used to pay sala
xeze [42]

Answer:

$7,000

Explanation:

Increase in Temporarily Restricted Net Assets = $2,000 + $10,000 + $5,000 = $17,000

Net increase in Temporarily Restricted Net Assets = Increase in Temporarily Restricted Net Assets - Amount of the conference room furniture purchased = $17,000 - $10,000 = $7,000

Note that the conference room furniture purchased is deducted because the donor did not stipulate a time restriction on holding the furniture.

Therefore, total amount should be recorded as an increase to Temporarily Restricted Net Assets is $7,000.

 

4 0
3 years ago
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