Answer:
$7,000
Explanation:
Balance to be distributed = Assets amount after liquidation - Creditor - Gene loan to the business
Therefore,
Balance to be distributed = $34,000 - $23,000 - $5,000 = $6,000
Since there is no agreement among the partners regarding the distribution of profits, the amount to be distributed will be shared equally for each partners as follows:
Each partner's of the amount to be distributed = $6,000/3 = $2,000
Amount received by Gene = Loan amount from + Distributed balance share
= $5,000 + $2,000
Amount received by Gene = $7,000
Therefore, Gene gets $7,000 in distribution.
Answer:
Yes, the machine should be replaced
Explanation:
The calculation is given below:
<u>
Particulars old Machine New machine
</u>
Purchase price $300,000
Less:
Salvage value -$80,000
Operating cost $400,000 $144,000
($100,000 × 4 ) ($36,000 × 4)
Total cost $400,000 $364,000
Hence, the financial advantage is
= $400,000 - $364,000
= $36,000
As there is a financial advantage of $36,000 therefore the old machine would be replaced with the new machine
In order to help the
student expand his/her knowledge I will help answer the question. This in hope
that the student will get a piece of knowledge that will help him/her through
his/her homework or future tests.
The most socially responsible
companies establish codes of conduct for their vendors, setting clear policies
for human rights wages, safety, and environmental impact. In fact many of this
companies have this establish today.
<span>
I hope it helps,
Regards.</span>
There are large variation in the individual price indexes for consumption categories leading to the agency providing an additional price indexes across many different types of goods
<h3>What are
price indexes?</h3>
Price indexes refers to an economic measure that shows how prices change over a period of time.
In conclusion, the large variation in the individual price indexes for consumption categories leads to the agency providing an additional price indexes across many different types of goods
Read more about Price indexes
<em>brainly.com/question/2254295</em>
