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vlada-n [284]
3 years ago
8

Tri Fecta, a partnership, had revenues of $364,000 in its first year of operations. The partnership has not collected on $46,700

of its sales and still owes $38,000 on $175,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $33,100 in salaries. The partners invested $48,000 in the business and $27,000 was borrowed on a five-year note. The partnership paid $2,430 in interest that was the amount owed for the year and paid $8,900 for a two-year insurance policy on the first day of business. Ignore income taxes.Compute the net income for the first year for Tri Fecta
A. $189,000
B. $155,900
C.$149,020
D.$233,430
Business
1 answer:
Nimfa-mama [501]3 years ago
3 0

Answer:

C

Explanation:

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e. absolute

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a. Import duty

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Landing Service enjoys absolute advantage with its ability to produce furniture more efficiently than any other company in the world.  It implies that Landing Service can produce furniture with lesser input resources than other furniture companies in the world.

Import duty, in this scenario, refers to the tax imposed by the Brazilian government on Landing Service's furniture. This tax increases the price of the furniture for the Brazilian importers and consumers.

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2 years ago
Trends that have contributed to the recent increase in eating disorders in the United States include a(n): a. More competitive w
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The answer is "Option C".

Explanation:

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3 years ago
Fran Smith has two investment opportunities. The interest rate for both investments is 20%. Interest on the first investment wil
RoseWind [281]

Answer:

Fran should choose that which compounds quarterly

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Generally, for investment, the more frequent is it compounded the better. On the other hand, less frequent compounding is preferred for borrowers.

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A. Experiencing an inflationary gap; when actual output exceeds potential output the price level rises because employers have to raise wage rates to entice more people into the labor market and employers have to pay more for other inputs that become more expensive to produce.

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The difference between an economy's actual and potential output is measured economically as the "output gap." The maximum amount of products and services that an economy can produce at its peak efficiency, or when it is operating at capacity, is known as potential output. Potential output is frequently referred to as the economy's production capacity. An output gap suggests that an economy is running at an inefficient rate—either overworking or underworking its resources.­

How it causes inflation?

Potential output, which is often defined as the level of output consistent with no pressure for prices to rise or fall, is frequently used by policymakers to measure inflation. The production gap serves as a quick indicator of the relative importance of the demand and supply sides of the economy in this situation. Thus, the output gap is a crucial link between the real side of the economy, which generates goods and services, and inflation. It quantifies the strength of inflation pressure in the economy.

Learn more about output gap here:

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What condition is necessary for a flat money system to work?
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<span>The government must control the money payment.</span>
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