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2 years ago

The financial records of ABC Partnership reflect the following capital account balances:

Business

1 answer:

GrogVix [38]2 years ago

8 0

Answer: $150,000

Explanation:

Charles's capital account balance is worth $100,000 which is exactly the amount of cash that will be given to him when he exits the partnership. There ware no bonuses to be given as a result.

Because of this, the other partners will keep the same capital account balances as before Charles left. Had it been that they had to pay Charles more than what his account balance was worth, the bonus would have been paid by the two remaining partners from their capital account balances.

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As jamal's income rises, his demand for pizza does not change. it follows that, for jamal, pizza is a(n)

irga5000 [103]

<span>The pizza is a neutral good. A neutral good is a good whose demand is not changed even though the income provided by the good is changed. A person's income can go either up or down, but their desire to buy more or less of Jamal's pizza will not change, so pizza sales will not go up or down. Demand and income are not tied to each other.</span>

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3 years ago

Knowledge Check 02 On February 28, the Jewelry store remits $975 of sales tax collected from its customers to the government. Pr

kodGreya [7K]

Answer:

Please refer to the below

Explanation:

Journal entry as seen below

Feb 28 Sales tax payable Dr $975

Cash Cr $975

Since Jewelry store collected the sales tax from its customers, sales tax account will be debited because it reduces the balance in the account while cash account will be credited because the balance therein increases due to the sales tax collected.

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3 years ago

Proton Corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. Recently, the company la

deff fn [24]

Answer: Option (A)

Explanation:

Product Line stretching is referred to as an expanding technique undertaken by the organization under which the new commodities and services are released in the similar product line but further the ongoing product dimension with some of the different or additional features. The product line stretching at times can also tend to be down market or up market.

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3 years ago

What is the value today of a money machine that will pay $2,655.00 every six months for 27.00 years? Assume the first payment is

MAVERICK [17]

Answer:

Present value is $74,116.62

Explanation:

Giving the following information:

The machine pays= $2,655.00 every six months

n= 27 years= 54 semesters

Interest rate= 0.13/2= 0.065

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual pay

FV= {2,655*[(1.065^54)-1]}/0.065= $1,183,854.61

Now, we can calculate the present value using the following formula:

PV= FV/(1+i)^n

PV= 1,183,854.61/(1.065)^44= $74,116.62

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3 years ago

When Keira bought a Super Suds car wash franchise, she became a Multiple Choice franchisor. franchisee. limited stockholder. ven

11111nata11111 [884]

When Keira bought a Super Suds car wash franchise, she became a. Franchisee.

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

Franchisee can be regarded as an individual or company that is responsible for having a

a franchise during the process of selling.

Therefore, since,Keira bought a Super Suds car wash franchise, she automatically became a Franchisee for the the sale of goods

Learn more about Franchisee at;

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2 years ago