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Ostrovityanka [42]
3 years ago
9

Olin is a partner in Precision Plumbing. When the partners decide to dissolve the firm, Olin collects and distributes the assets

. This results in
Business
1 answer:
Sever21 [200]3 years ago
3 0

Answer: the termination of the firm's legal existence

Explanation:

The options to the question are:

a. the termination of the firm's legal existence.

b. the temporary suspension of the firm's business.

c. the continuation of the firm's business.

d. nothing with respect to the firm's existence

From the information given in the question, the partners decide to dissolve the firm and Olin collects and distributes the assets. Based on these reasons, this will results in the termination of the legal existence of the firm.

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Micron Precision purchased equipment on January ​1, 2018​, for $ 40,606. Suppose Micron Precision sold the equipment for $ 30,00
Step2247 [10]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $30,000

Accumulated Depreciation - Equipment A/c $12,494

        To Equipment A/c $40,606

        To Gain on Disposal of Equipment $1,888

(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)

The computation is shown below:

= $30,000 + $12,494 - $40,606

= $1,888

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3 years ago
Which of the following conditions exists when data are isolated in separated information systems?
sineoko [7]

Information overload.A.

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3 years ago
stimulating demand. creating awareness. identifying prospects. combating competitive promotional efforts. retaining loyal custom
KonstantinChe [14]

competitive promotional efforts. retaining loyal customers.

<h3>What is promotional efforts?</h3>

Any effort made by a company to communicate with potential customers is considered a promotional activity. Promotional activities serve two primary functions. These are intended to: Customers should be informed about your store's products, prices, and services. Persuade customers to buy your products.

The most common type of marketing is product and service promotion. Advertising - You can advertise your product, service, or brand in newspapers, radio, television, magazines, outdoor signage, and online.

Promotional materials, events, or ideas are intended to increase product or service sales.

The most important function of a promotion is to distinguish a company from its competitors. If there was no competition, no business would ever need to run promotions.

To know more about promotional efforts follow the link:

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6 0
2 years ago
_________obtain goods from manufacturers and sell them to consumers.
zzz [600]

Answer:

market?

Explanation:

cause in the end it says sell them

6 0
3 years ago
Read 2 more answers
Burglar Bob breaks into Vince Victim’s house. Bob steals a flat-screen television and laptop and does a significant amount of da
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Answer:

The answers are:

  1. Vince Victim´s lawyer
  2. Burglar Bob will have to pay a monetary compensation.
  3. The District Attorney
  4. Burglar Bob will have to spend some time in jail.

Explanation:

Vince Victim´s lawyer is responsible for bringing the civil case against Burglar Bob. If Vince wins, then Burglar Bob will probably have to pay a certain amount of money to Vince Victim in compensation for the damages he caused.

The District Attorney´s office is responsible for bringing the criminal case against Burglar Bob. If the jury finds Burglar Bob guilty then he will probably spend some time in jail.  

5 0
3 years ago
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