1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Masja [62]
3 years ago
13

Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in t

he partnership toBrittney, for which Brittney will pay Mandy $85,000. Present the partnership’s journal entry to record the sale of Mandy'sinterest to Brittney on September 30.
Business
1 answer:
ddd [48]3 years ago
5 0

Answer:

Mandy Capital                                                Debit: 100,000

Brittney Capital                                               Credit: 100,000

Explanation:

The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.

You might be interested in
Rhubarb pie is a dessert. therefore, whoever eats rhubarb pie eats a dessert
miskamm [114]
The argument above is a deductive reasoning. A deductive reasoning draws a conclusion from a series of premises that are held to be true. The argument also employs no informal fallacy. The confusion lies though on the first premise if it is true.
5 0
3 years ago
Presented below are long-term liability items for Lind Company at December 31, 2019.Bonds payable, due 2017 ………….. $600,000Notes
Nikitich [7]

Answer and Explanation:

Long-term Liabilities  

Bonds Payable                       $600,000  

Less:  

Discount on bonds payable        $45,000          $555,000

Notes payable                                           $80,000

Total Long-term Liabilities                           $635,000

8 0
4 years ago
A salesman at a music store always begins by showing his customers high-priced instruments. When the customers refuse these, the
quester [9]

Answer: Rejection-then-retreat approach.

Explanation: The musical equipment salesman is using the Rejection-then-retreat approach to sell his musical items. This method is used to frighten the customers with higher priced items then make them settle for lesser priced items.

4 0
3 years ago
Read 2 more answers
Because services are __________, it is often difficult for marketers to convey the benefits to consumers.
muminat

Because the services are intangible, it is often difficult for the marketers to convey benefits to consumers.

<h3>Who is a marketer?</h3>

A marketer is someone who advertises the goods and services of an organization. They identify the tactics that can increase revenue and sales while making sure that these tactics are in line with both customer and market need. Now that we are aware of what a marketer is, let's examine their function. Let's first examine the function that a marketer does before delving into the importance of marketing for firms. The financial success of any firm can be determined by the marketer's ability to sell. They make sure that the goods and services are promoted effectively enough to sustain demand. Long-term brand equity and improved consumer experiences are enhanced by imaginative and creative marketers.

To learn more about marketing. visit

brainly.com/question/13414268

#SPJ4

5 0
1 year ago
Baker Inc. acquired equipment from the manufacturer on 10/1/2018 and gave a noninterest-bearing note in exchange. Baker is oblig
bekas [8.4K]

Answer:

4%

Explanation:

Interest included in $918000 is for six months from 10/1/18 to 4/1/12.

Interest for first three month period from 10/1/18 to 31/12/18 = $9000.

This implies that :

Interest from 1/1/19 to 4/1/19 = $9000.

Principal amount excluding interest due:

= Baker's obligation amount - Accrued interest - Accrued interest

= $918,000 - $9,000 - $9,000

= $900,000

Interest rate:

= [($9,000 × 12/3) ÷ 900000] × 100

= 4%

8 0
3 years ago
Other questions:
  • Mansour: We should both plan to change some of our investments from coal companies to less polluting energy companies. And here’
    13·1 answer
  • Keeping files organized and readily accessible is the job of which of these computer systems
    15·2 answers
  • Deductions for AGI may be locatedAnswers:on Schedule C as a deduction.on the front page of Form 1040.on Schedule E as a deductio
    14·1 answer
  • 7) Suppose AVC = $113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to a) $5,500, and its profi
    10·1 answer
  • Barriers to International Trade Countries often use various government regulations to manipulate the amount of goods and service
    6·1 answer
  • Select an organization and identify and evaluate the components of its Strategic Plan (i.e., Vision, Mission, Values, Core Compe
    7·1 answer
  • Which theory combined the Japanese approach with such features as lifetime employment, employee problem solving, and consensus b
    9·1 answer
  • Pransit, a truck driver, was involved in a truck collision with a passenger car driven by Sanjay. He sued Sanjay for negligence
    5·1 answer
  • A serial process has 4 steps – A (4), B(3), C(3), D(2) – that have to be performed in this order. Numbers in parentheses are the
    10·1 answer
  • What key features should you point out when demonstrating 2022 kicks’ efficient performance?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!