Answer:
JOURNAL
1. Cash a/c... Dr. 350000
To C's Capital a/c 200000
To Premium for Goodwill a/c 150000
(Being capital and premium for goodwill brought in by C)
2. Premium for Goodwill a/c... Dr. 150000
To A's Capital a/c 110000
To B's Capital a/c 40000
(Being premium for goodwill distributed among the partners in the ratio of 11:4)
3. A's Capital a/c.... Dr. 55000
B's Capital a/c.... Dr. 20000
To Cash a/c 75000
(Being half of the premium for goodwill withdrawn by the partners)
Calculation of sacrificing ratio:
A's sacrifice= 3/5- 2/7= 11/35
B's sacrifice= 2/5- 2/7= 4/35
Sacrificing ratio= 11:4
Answer:
Option (B) is correct.
Explanation:
Given that,
Issued preferred stock outstanding that pays dividend per year = $7.75
Current selling price = $68.19 per share
Required return = (Annual dividend ÷ Current price) × 100
= ($7.75 ÷ $68.19) × 100
= 11.37% (Approx)
Therefore, the required return is 11.37% if this issue currently sells for $68.19 per share.
Answer:
services are defined as:
C) the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.
Explanation:
A service is a intangible activity that is provided to persons in order to satisfy a need. It is the contrary to a product because a product is tangible and is manufactured. However, services are not manufactured but they are provided to each specific client.
Examples or services are: medical services, education, lawyers advisory, internet connection, counselling, telemarketing.
Answer:
$1,140(A)
Explanation:
The labor price variance is computed as;
= (SP - AP) × AH
Where:
SP = Standard price hour = $18 per hour
AP = Actual price per hour = $18.30 per hour
AH = Actual hours used = 3,800
Labor price variance = ($18 - $18.30) × 3,800 hours
Labor price variance = $1,140 (A)
Therefore, the labor price variance was $1,140(A)
Answer:
Im going with B
Explanation:
purchasing property is a investment because when you purchase a property later on it will increase in value if you add things to to it for example: you see a since 2 acre land for 120K and you buy it and make a house for 200K with the house built it would have a huge increase in value over time, hope it help!