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FromTheMoon [43]
3 years ago
7

Which of the following is not considered a legitimate expense of a partnership? a Interest paid to partners based on the amount

of invested capital. b Depreciation on assets contributed to the partnership by partners. c Salaries for management hired to run the business d Supplies used in the partners' offices.
Business
1 answer:
never [62]3 years ago
8 0

Answer:

a Interest paid to partners based on the amount of invested capital.

Explanation:

A partnership is formed between two parties that agree to go into a venture for mutual gain. The parties share ownership of the business entity and as such are entitled to profit from their equity holdings.

Interest paid based on invested capital is considered a distribution of profit by the business and not an expense. This is similar to sharing profit to shareholders in a company.

Legitimate expenses include: cost of sales, staff cost, administrative costs, advertising costs, and professional expenses like hiring an accountant.

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3 years ago
The ACME manufacturing company is weighing its options to source Component X. Supplier A would cost $3000 per order plus $2.50 f
raketka [301]

Question Completion:

Since the options are not provided, it is assumed that ACME requires 2,000 units of Component X monthly.  Which supplier should the company choose?

Answer:

ACME Manufacturing Company

The supplier that should be chosen is:

Supplier A.

Explanation:

a) Data and Calculations:

Quantity of component X required monthly = 2,000 units

Cost of buying from supplier A = $3,000 + ($2.50 * 2,000) = $8,000

Cost of buying from supplier B = $6 * 2,000 = $12,000

Cost of buying from supplier C = $5 * 2,000 = $10,000

b) This cost decision depends on the quantity of component X required by ACME manufacturing.  If the quantity were to be less than or equal to 1,100 units, another supplier other than supplier A might be preferred.  Again, if there are other considerations apart from cost, supplier A might not be chosen.  The implication is that the choice of a supplier for a component depend on many factors.

8 0
3 years ago
On January 1, $5,000,000, 10-year, 10% bonds were issued at $5,200,000. Interest is paid annually each January 1. The straight-l
Mnenie [13.5K]

Answer:

$20,000 premium is amortized at the end of the first year.

Explanation:

Straight line amortization:

premium amortized = Premium / number of years

                                 = ($5,200,000 - $5,000,000) / 10 years

                                 = $200,000 premium / 10 years

                                 = $20,000

Therefore, $20,000 premium is amortized at the end of the first year.

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2 years ago
A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is re
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Learn more about Opinion leaders here brainly.com/question/15834305

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4 0
1 year ago
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