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3 years ago

Define technology for class 7

Business

1 answer:

Dafna1 [17]3 years ago

8 0

Answer:

<h2>Required Answer :-</h2>

Technology - Technology is defined as the information about some thing. We may also use these technologies in our business

Ex :- Internet is a technology.

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McGill and Smyth have capital balances on January 1 of $56,000 and $36,000, respectively. The partnership income-sharing agreeme

Step2247 [10]

Answer: capital accounts distribution

DETAILS McGill Smyth total remaining

opening balance $56000 $36000

net income $90000 $90000

salaries $24000 $12000 -$36000 $54000

interest @ 10% $5600 $3600 -$9200 $44800

Profit share 70 : 30% $31360 $13440 -$44800 $0

closing balance $116960 $65040

DETAILS McGill Smyth total remaining

opening balance $56000 $36000

net income $30000 $30000

salaries $24000 $12000 -$36000 - $6000

interest @ 10% $5600 $3600 -$9200 -$15200

loss share 70 : 30% -$10640 -$4560 +$15200 $0

closing balance $74960 $47040

JOURNAL ENTRIES

1 . Debit partnership summary income account $90000, credit capital accounts McGILL ; salary 24000, interest on capital 5600, profit share 31360. Symth ; salary 12000, interest on capital 3600, profit share 13440

2 . Debit Partnership summary income account 30000 , credit Capital accounts McGill : salary 24000 , Smyth : 12000 , Interest on capital account McGill : 5600, Smyth 3600.

for loss sharing journal

Debit Capital accounts McGILL 10640, Smyth 4560 , Credit partnership summary account 15200

Explanation:

6 0

3 years ago

Read 2 more answers

Stricter environmental regulations and increased demand for energy have caused an increase in the demand for relatively clean na

scoray [572]

Answer:

D) Quantity sold rose while the effect on price is ambiguous.

Explanation:

Two separate things happened here;

Change in consumer habits have shifted the the demand curve to the right, increasing the quantity demanded at every price level.
Better technology and lower costs have also shifted the supply curve to the right, increasing the quantity supplied at every price level.

One thing is certain, the quantity demanded and supplied increased, so the total quantity sold definitely increased. The price issue is not certain because you would need additional information about which shift was larger, the shift of the supply curve or the demand curve.

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3 years ago

Ronald McDonald Houses is an example of A. altruistic corporate social responsibility. B. vertical integration. C. strategic cor

alexgriva [62]

Answer:

A. altruistic corporate social responsibility.

Explanation:

The Ronald McDonald Houses organization is focus in a completely different activity than McDonald's Corporation. There is no competitive advantage that could McDonalds benefit from, actually is a non-profit organization who demand hundreds of volunteers around the world to be able to operate.

Is also true that strategical activities are separated one of each other, unlike the strategic corporate social responsablity, which demands strategical unity to operate in order to leverage competitive advantages.

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3 years ago

A 25-year old single client has just started his own small business and is not covered by a retirement plan. He has $5,000 to in

ra1l [238]

Answer:

Roth IRA

Explanation:

Based on this scenario, it can be said that the best recommendation would be a Roth IRA. This is an individual retirement account that non-deductible tax-free growth for retirement at age 59 1/2. As of 2018, the yearly limit for a Roth IRA account is $5,500 meaning that the client in this scenario would not have any problem investing the entire $5000 as soon as they open the account. And since he is in a low tax bracket he should not have any problem opening an Account.

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3 years ago

Lisa Sumaya has decided to give up her full-time job to complete her master

ICE Princess25 [194]

Answer: Financial effects poses as economical risk while an improvement in career and better opportunity poses as potential economic benefit

Explanation:

One potential economic risk Lisa would have to face is that she would have issues with finances for the time being between when she resigned from her job, through her Master's and till she gets another job.

One potential economical benefit towards this decision is that she would have made an advancement in her career and would be at better place career wise and worth wise to compete for better jobs and improved pay from the place she left.

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3 years ago