Answer:
C. shared resources.
Explanation:
A partnership is a form of business ownership. Partners contribute funds and their expertise towards the success of their business. They are able to put together a large sum of capital than they would raise as individuals. A partnership is formed and managed through the combined efforts of the partners.
A sole proprietor is a one-person venture. The owner sources for the capital and makes all business decisions by themselves. Unlike in sole proprietorship, a partnership has the advantage of shared resources and responsibilities. Partners can brainstorm and share ideas on how to improve the performance of their business.
Answer:
The Journal entries are as follows:
(1) On September 9,
Petty cash A/c Dr. $410
To cash $410
( To establish $410 petty cash fund)
(2) On September 30,
Printing expenses A/c Dr. $60
Postage expenses A/c Dr. $70
Miscellaneous expenses A/c Dr. $135
Cash over and short A/c Dr. $11
To cash A/c $276
(To reimburse petty cash fund)
(3) On October 1,
Petty cash A/c Dr. $75
To cash A/c $75
(To increase the petty cash fund to $485)
Answer:
The correct option is $7,option C
Explanation:
The approach here is that we calculate the value of the firm after the cash dividend distribution ,which is simply the value of operations of $1000 since the short-term investments of $100 has been used in paying dividends.
Thereafter,the value of equity is the value of operations of $1000 minus the value of debt at $300,that is $700 ($1000-$300).
Finally intrinsic share price=value of equity/number of shares
number of shares is 100
intrinsic value per share=$700/100=$7 per share
Answer:
they use financial statements and other information prepared by accountants to make financial decision and are focused on the cash flows, the inflows and outflows of cash.
Explanation:
Individual investors and financial organizations can purchase seasoned mortgages and deeds of trust through the federal national mortgage association (fnma). A mortgage that has been in place for some time and has a solid track record of repayment by the mortgagor is seasoned.
What does the term "mortgage" mean?
a formal arrangement through which the owner (i.e., the buyer) gives the lender the title to their property as security for the payment of a mortgage note. After the debt is settled and the mortgage is thrown out, a satisfaction of mortgage is submitted to the registrar or recorder of deeds in the county where the mortgage was recorded.
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