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oee [108]
3 years ago
14

The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after

selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:
Business
1 answer:
vovangra [49]3 years ago
6 0

Answer:

$30,000

Explanation:

The computation of the amount received by Janet is given below:

Loss on sale of other assets is

= $150,000 - $50,000

= $100,000

Share of Janet in loss is

= $100,000 × 5 ÷ 10

= $50,000

So,  

Janet revised capital balance is

= $80,000 - $50,000

= $30,000

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Suppose that Manuel, an economist from a university in Arizona, and Poornima, an economist from a nonprofit organization on the
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4 0
3 years ago
Which of the following actions should Reece Windows take if it wants to reduce its cash conversion cycle?a. Take steps to reduce
k0ka [10]

Answer: a. Take steps to reduce the DSO

Explanation:

Cash conversion cycle simply measures the length by which there will be deprivation of cash for a firm when the firm increases its investment in its inventory so that customer sales can be expanded

The actions that Reece Windows should take if it wants to reduce its cash conversion cycle is to take steps to reduce the DSO. This will help in reducing cash conversion cycle.

7 0
3 years ago
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal?
umka2103 [35]

Answer:

-Establishing government-run employment agencies to connect unemployed workers to job vacancies

-Improving a widely used job-search website so that it matches workers to job vacancies more effectively.

- This kind of agencies are business that recruit qualified unemployed job applicants, they help to place workers on different jobs. Also, they provide job-seeking services and tools for workers. They are responsible for putting millions of people to work every day, and also for making staffing companies hire millions of temporary and contract employees every year.

-The second option would help to reduce unemployment since it enable an available position to match with the correct skilled employee, what would reduce in the future the firing rate that a Company has  for not choosing the right employee at a certain time.

5 0
4 years ago
A firm purchased a three-year insurance policy for $5,760 on July 1, 2019. The $5,760 was debited to the Prepaid Insurance 2. On
Andrej [43]

Answer:

The journal entries are as follows:

(i) Insurance expense A/c Dr. $160

        To prepaid insurance             $160

(To record the insurance expense)

Workings:

Insurance expense = cost of insurance policy ÷ 36 months

                                = $5,760 ÷ 36 months

                                = $160

(ii) Advertising expense A/c Dr. $1,160

           To prepaid advertising             $1,160

(To record the advertising expense)

Workings:

Advertising expense = cost of advertisement ÷ 24 months

                                   = $27,840 ÷ 24 months

                                   = $1,160

4 0
3 years ago
A direct cost is a cost that can be easily traced to the particular cost object under consideration. True False
ser-zykov [4K]

Answer:

True

Explanation:

Given the object cost, a direct cost is any cost that can be easily identifiable to the manufacturing process of the good and it is not required to use an allocation method to determine how much of the cost activity should be assigned to the cost object.

The most common direct cost is when a cost object is a single unit produced:

direct materials and direct labors

when the cost object is the sales department, then all cost that can be linked to sales like wages, commissions, rent, and utilities are considered direct while those who arent (cafeteria cost or janitor cost) should be an indirect cost

3 0
3 years ago
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