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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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The equation 4 + 4 = 8 would be considered a scientific _____. theory
Naddik [55]
It is a scientific hypothesis as far as I know.

It is a hypothesis that can be proved and that in this case is correct.


Hope it helped,

Happy homework/ study/ exam!
4 0
3 years ago
Service providers must offer cues to help their customers experience and perceive their service more positively and reinforce th
Savatey [412]

Answer: D

Explanation:

As the name implies, the most basic difference between a product and a service is that services are intangible, meaning they cannot be touched, tasted, or seen like a pure product can.

3 0
3 years ago
The Marchetti Soup Company entered into the following transactions during the month of June:
Lisa [10]

Answer:

Cash account

                          debit                credit

opening            70,000

2)                                                50,000

4)                       230,000

<u>5)                                                175,000</u>

                         75,000

Accounts receivable account

                          debit                credit

opening            53,000

3)                       250,000

<u>4)                                                230,000</u>

                         73,000

Accounts payable account

                          debit                credit

opening                                     32,000

1)                                                 195,000

<u>5)                        175,000                         </u>

                                                  52,000

Merchandise inventory account

                          debit                credit

1)                        195,000

<u>3)                                                 140,000</u>

                          55,000

Wages expense account

                          debit                credit

2)                       50,000

Sales revenue account

                          debit                credit

3)                                                250,000

COGS account

                          debit                credit

3)                        140,000

8 0
3 years ago
A bank developed a model for predicting the average checking and savings account balance as balance = -17,732 + 367 * age +1300
Ann [662]
We are given with the equation
<span>balance = -17,732 + 367 * age +1300 *years education + 0.116 * household wealth

</span>-17,732 is a constant amount credited from the savings acount
367 is the amount saved per year of age
1300 is the amount saved per year of education
0.116 is the amount save per household wealth
6 0
3 years ago
Assume that you have entered into a swap agreement for a notional of 100M USD under which every 6 months you agree to pay LIBOR
hodyreva [135]

Answer:

C) 0.5 USD

Explanation:

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4 0
3 years ago
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