This is a true statement.
Hope this is of help to you, and happy studying~!~{Oh Mrs.Believer}
Answer
Minimum amount for which the partnership must sell the other assets =$82,476
Explanation
When partnership gets liquidate, residual funds are distributed among partners as per their capital ratio calculated before liquidation.
Hence, capital ratio of Zed in the partnership = Zed capital / Total capital
= 42,000 / (72,000+90000+52,000+42,000)
= 42/256 = 16.41%
If Zed to obtain minimum $5,000 from the liquidation, then the residual money (to be distributed in partners) which should be left = $5,000 / 16.41% = $30,476
Total realization from total assets would be = Residual distributable + Liquidations expenses + Liabilities = $30,476 + $27,000 + $67,000 = $124,476
The minimum amount to be realised out of Other Assets = Total realization required - Cash available before liquidation = $124,476 - $42,000 = $82,476
Answer: Debit to Factory Overhead.
Credit to Factory Utilities Payable.
Explanation:Utilities are part of actual overhead costs. It is a necessary cost in order to operate the factory, but is not DIRECT Labor or DIRECT Material.
The cost of the TV will be $ 315
The dollar markup of the TV will be $ 1015
<h3 /><h3>What is a markup price?</h3>
The markup is the difference in prices between the cost of producing the product or service and the price at which it is sold. Businesses must tack on a markup on top of their total expenditures in order to guarantee a profit and recoup the costs associated with producing a good or service.
The information provided is:
The selling price of the TV = is $700
The markup cost of the TV = 45% of the cost
The dollar markup cost will be
= 700 * 45%
= $315
The new cost that will be generated will be
= 700 + 315
=$1015
Learn more about markup price, here:
brainly.com/question/11999225
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Answer:
The answer is: Cobalt Sodas is not dealing with its main problem, which is the shift in consumer behavior
Explanation:
The main issue that Cobalt Sodas (CS) must address is the change in consumer behavior and to do this they must diversify their product lines.
Consumers are less interested now in beverages that are seen as unhealthy. They want to buy beverages considered to be healthy, so CS should start to develop a new product line of healthy beverages. If they sell "old style" cans that wouldn´t have a lasting positive impact. Maybe at the beginning they sell more cans but eventually their sales will keep falling until they diversity their product lines.