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Blababa [14]
3 years ago
5

Pam is a partner in CRL Brokerage. Her liability is limited to the amount of money she has invested. What type of partner is Pam

Business
1 answer:
lianna [129]3 years ago
5 0

Answer: Associate broker or

Explanation:

You might be interested in
Use the following information to prepare a multistep income statement and a balance sheet for Sherman Equipment Co. for 2016. (H
Allisa [31]

Answer:

Sherman Equipment Co.

a) Sherman Equipment Co.

Multistep Income Statement

For the year ended December 31, 2016

Sales Revenue                          $320,000

Cost of Goods Sold                     148,000

Gross profit                               $172,000

Operating expenses:

Salaries Expense                     $ 69,000

Operating Expenses                  62,000

Uncollectible Accounts Expense 8,100

Total operating expenses      $139,100

Operating income                   $32,900

Interest Revenue                        5,400

Net income                             $38,300

Balance Sheet

As of December 31, 2016

Assets

Current Assets:

Cash                                                             $48,100

Interest Receivable (short term)                     1,500

Accounts Receivable                    56,000

Allowance for Doubtful Accounts (7,800)  48,200

Notes Receivable (short term)                    24,000

Supplies                                                          1,200

Inventory                                                     98,300

Prepaid Rent                                               12,500

Total current assets                              $233,800

Long-term assets:

Land                                                           40,000

Total assets                                          $273,800

Liabilities and Equity:

Current liabilities:

Accounts Payable                                 $46,000

Salaries Payable                                      12,000

Total current liabilities                         $58,000

Equity:

Common Stock                                 $100,000

Ending Retained Earnings                   115,800

Total equity                                       $215,800

Total liabilities and equity               $273,800

Explanation:

a) Data and Calculations:

Cash 48,100

Interest Receivable (short term) 1,500

Accounts Receivable 56,000

Notes Receivable (short term) 24,000

Supplies 1,200

Inventory 98,300

Prepaid Rent 12,500

Land 40,000

Allowance for Doubtful Accounts 7,800

Accounts Payable 46,000

Salaries Payable 12,000

Common Stock 100,000

Beginning Retained Earnings 81,000

Dividends 3,500

Interest Revenue 5,400

Sales Revenue 320,000

Cost of Goods Sold 148,000

Salaries Expense $ 69,000

Operating Expenses $ 62,000

Uncollectible Accounts Expense 8,100

Cash Flow from Investing Activities 78,400

Beginning Retained Earnings 81,000

Net income                              38,300

Dividends                                 (3,500)

Ending Retained Earnings    115,800

7 0
2 years ago
héctor manages a plastics factory that manufactures pet chew toys. senior management has decided to change the company’s bonus s
alexgriva [62]

Calling a face-to-face meeting with the employees is the best way that Hector can announce about change of the bonus structure.

Face-to-face meeting is a type of meeting where the participant of discussion are all present physically therein.

The major advantage of the Face-to-face meeting is that its allows effective communication and feedback from or among the participants

Therefore, the correct answer is Option B because it is the best way by which Hector can announce about change of bonus structure.

The missing options includes <em>"Héctor should send each employee a personal note, Héctor should call a face-to-face meeting with the employees, Héctor should send a companywide e-mail, Héctor should post an announcement in the break room, near the coffee machine."</em>

<em />

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Learn more about this here

<em>brainly.com/question/14617264</em>

6 0
2 years ago
The Silverside Company is considering investing in two alternative​ projects: Project 1 Project 2 Investment ​$400,000 ​$280,000
shepuryov [24]

Answer:

The Silverside Company

Project 1's Payback Period

= Initial Investment/Annual cash flows

= $400,000 / $90,000

= 4.44 years.

Explanation:

Project 1:

Initial Investment = $400,000

Useful life = 5 years

Annual cash inflows for useful life = $90,000

The Silverside Company's payback period calculates the time or number of years that it would take the company to recover from its initial investment in Project 1.  This is the simple payback period calculation.  There is also the discounted payback period calculation.  This method discounts the annual cash inflows to their present values before the calculation is carried out.  This second method gives a present value perspective on the issue.

4 0
3 years ago
Jasper makes a $86,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be: Multiple Choice
ExtremeBDS [4]

Answer:

Debit Notes Receivable for $86,000; credit Cash $86,000

Explanation:

The journal entry to record the cash loan is given below;

Notes Receivable $86,000

           To Cash $86,000

(Being cash loan is recorded)

Here the note receivable is debited as it increased the assets and credited the cash as it decreased the assets

Therefore the first option is correct

8 0
3 years ago
WHAT ARE STAKEHOLDERS FOR GOVERNMENT PROVISION??
Temka [501]

Answer:

A stakeholder is any person or organization that has a legitimate interest in a specific project or policy decision. As an economist, whenever you are required to discuss the costs and benefits.

5 0
3 years ago
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