The reason that a person buys health or life insurance is to

The partnership of Larson, Norris, Spencer, and Harrison has decided to terminate operations and liquidate all business property

Volgvan

Answer:

LARSON, NORRIS, SPENCER AND HARRISON

PREDISTRIBUTION PLAN FOR LIQUIDATING PARTNERSHIP

ASSET

Cash $28,250

liquidating expense (8,000) 20,250

Account receivable 44,000

inventory 39,000

land and building 23,000

Equipment 104,000

Total Asset 230,250

Liabilities (47,000)

Net asset 183,250

Asset to be distributed as follows:

Larson(15,000 - 1600) 13,400

Norris(60,000 -2400) 57,600

Spencer(75,000 - 1600) 73,400

Harrison(41,250-2400) 38,850 ( 183,250)

0

Loss

share of liquidation expenses

Larson = 20%*8000 = 1600

Norris = 30%*8000 = 2400

Spencer = 20%*8000= 1600

Harrison = 30%*8000 = 2400

Explanation:

4 0

3 years ago

Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Cr

aivan3 [116]

Answer:

mechanic's lien

Explanation:

From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.

Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.

5 0

3 years ago

Jamal was recently hired as a sales representative for a pharmaceutical company. He notices that all the other sales reps "pad"

il63 [147K]

Answer: Conformity

Explanation: Ethics trap refers to the situation in which an individual finds difficult to assess what is morally correct for him or her and what is not.

Conformity refers to the ability of an individual to match the customs and beliefs of a group to mingle with that particular group.

In the given case, Jamal has been working in the company where all the members have been cheating on their accounts except for him. This urges Jamal to do the same for being a part of group.

Hence we can conclude that the correct option is C.

7 0

3 years ago

Lois is selling her needlework shop to Simon. Simon is also purchasing the name of the business from Lois, all of the fixtures,

Ira Lisetskai [31]

Answer:

D. Both A and B

That is bill of sale and financial statements.

Explanation:

Bill of sale is a document that is used to transfer ownership of goods and services to another person.

Financial statement shows activity and a business's financial position at a given point in time.

When selling the business to Simon, Lois will provide him the financial statements and bill of sale.

3 0

3 years ago

Read 2 more answers

In an example of __________ , many companies lobby the U.S. federal government through the U.S. Chamber of Commerce, an interorg

Iteru [2.4K]

Answer:

boundary spanning

Explanation:

Boundary spanning -

The term boundary spanning was given by Tushman in late 1950's .

It is the term used to describe an individual in the innovation system , whoes role is to link the internal work of the organization with the external work .

From the statement of the question , the example is for the term boundary spanning .

4 0

3 years ago