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3 years ago

Difference between primary and secondary catering

Business

1 answer:

VARVARA [1.3K]3 years ago

6 0

Answer:

Primary Catering: Establishment such as hotels, restaurant and fast food outlet, which are primary catering. Secondary Catering: In this catering establishment the provision of food & beverage is a part of another business such as welfare catering and industrial catering.

Explanation:

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3 years ago

Prior to liquidating their partnership, Joyce and Xi had capital accounts of $50,000 and $105,000, respectively. Prior to liquid

Iteru [2.4K]

Answer:

Joyce cash distribution = $262500

Explanation:

given data

Joyce capital = $50,000

Xi capital = $105,000

liabilities = $10,000

assets sold = $190,000

to find out

we consider Determine the amount received by Joyce as a final distribution from liquidation of the partnership

solution

we carrying value of non-cash asset prior to liquidation is

value of non-cash asset prior to liquidation = $50,0000 + $105,000 + $10,000

value of non-cash asset prior to liquidation = $615000

so Profit on Liquidation is = value of non-cash asset prior to liquidation - Sale of Asset

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Joyce and Xi share income and losses equally

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Joyce cash distribution = $262500

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3 years ago

Difference between primary and secondary catering​

Difference between primary and secondary catering