Innovation is the correct answer to this question.
Answer: B.
Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.
Had to look for the options and here is my answer.
Based on the given scenario above regarding the product manager of Boat, the intervention that he can do in order to improve upon the buying criteria so that there would be a potential increase in demand is to "increase <span>the promotion budget to gain greater awareness."</span>
Complete Question:
The O'Hara, Parness, and Lincoln partnership balance sheet reports capital of $50,000 for O'Hara, $125,000, for Parness, and $25,000 for Lincoln. O'Hara is withdrawing from the firm. The partners have shared profits and losses in the ratio of 1/2 to O'Hara, 1/4 to Parness, and 1/4 to Lincoln. The partnership agreement states that a withdrawing partner will receive cash equal to the book value of his partners' equity. Journalize the withdrawal of O'Hara.
Answer:
The O'Hara, Parness, and Lincoln Partnership
Journal Entry:
Date Description Debit Credit
O'Hara Capital A/c $50,000
Cash Account $50,000
To record the withdrawal of O'Hara and his capital interest.
Explanation:
The Partnership of O'Hara, Parness, and Lincoln can use the journal entry as above to record the withdrawal of a partner. The O'Hara's Capital account previously had a credit balance and cash will be involved in settling O'Hara, the journal entries to complete the withdrawal of O'Hara are a debit to the O'Hara's Capital account and a credit to the Cash account. This arrangement is in accordance with the partnership agreement. This is the most important governing law for the partnership and everything or transaction affecting the partnership must be done accordingly. It is only in the absence of an agreement that the laws or general practise concerning partnership can be applied.
Assuming she is paid $10 for each skirt she produces. This compensation plan describe what is called piece rate.
<h3>What is piece rate?</h3>
Piece rate can be defined as the process in which employee are being paid based on the number of product produced by the employee.
Some companies or employer tend to make use of piece rate pay by paying their employee based on the quantity of goods the company manufacture on a daily basis.
Inconclusion this compensation plan describe what is called piece rate.
Learn more about piece rate here:brainly.com/question/10679570
