Answer:
The profit is shared among the partners according to the ratio given in the partnership deed.
This can be agreed in two ways according to the agreement deed:
1) The profits could be shared according to the partnership deed equally or whatever ratio is given in the deed.
2) As Lyle provides services as an architect, draftsperson, and business manager he can be paid separately for his services . Suppose he is paid $ 50,000 then the profit can be shared after deduction of the salary in the profit sharing ratio, which would be $ 120,000 - $ 50,000 = $ 70,000
in the ration of 3:1 then Raymond would get $ 52,500 and Lyle $ 17,500 Plus Salary $ 50,000.
Answer: Composition
Explanation:
The company owes $150,000 and would pay $0.50 on every dollar immediately.
The cash payment required of the company would therefore be:
= Amount of debt in $ - Amount to be paid per dollar.
= 150,000 * 0.5
= $75,000
Timing of payment is immediately.
A composition refers to an agreement between a debt and its creditors that would allow it to pay off part of its debt in lieu of the total value. This is usually done when the debt risks being insolvent or bankrupt but can still pay off part of its debt.
The agreement would enable it pay off some of the debt and the entire debt would be written off. The benefit to the debtor is that they avoid bankruptcy and the benefit to the creditor is that they get more than they would have gotten had bankruptcy been declared.
A composition is what happened here as a part of debt was paid to satisfy the full thing.
Pleistocene is the subdivision of geologic time that does not belong with the others.
The Pleistocene period is referred to as a geologic time period which includes the last ice age, when glaciers covered huge parts of the globe. During the Pleistocene the most recent episodes of global cooling, or ice ages, took place.
Pleistocene period was also characterized by the presence of distinctive birds and the large land mammals. During the Pleistocene period, mountain glaciers formed on all the continents and vast glaciers.
Thus, Pleistocene is known to be the subdivision of geologic time which does not belong with the others.
Hence, option C is correct.
To learn more about Pleistocene here:
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Answer:
The correct answer is $30 billions.
Explanation:
The checkable deposits are given as $140 billions.
The total reserves are $51 billions.
The required reserve rate is 30%.
The required reserves will be
=30% of $140 billions
=
=$42 billions
The excess reserves will be
=total reserves-required reserves
=$51-$42
=$9 billions
Maximum expansion by lending will be
=
=
=$30 billions
So, the money supply can be expanded by a maximum amount of $30 billions.
