1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Norma-Jean [14]
3 years ago
14

Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $250,000; the partnership

assumes responsibility for a $75,000 note secured by a mortgage on the property. Monroe invests $100,000 in cash and equipment that has a market value of $55,000. For the partnership, the amounts recorded for total assets and for total capital account are:
Business
1 answer:
Andrej [43]3 years ago
8 0

Answer:

Total assets = $405,000

Total capital = $330,000

Explanation:

Capital = Assets - Liabilities

= $250,000 - 75,000

= $175,000

Therefore, the capital is $175,000

Particulars    Assets    Liabilities   Capital

Building       250,000     75,000     175,000

Cash             100,000           -           100,000

Equipment    55,000            -            55,000

Total              405,000    75,000     330,000

You might be interested in
The term _____ can be best defined as a feeling of intrinsic motivation, in which workers perceive their work to have meaning an
Gala2k [10]

Answer:

D

Explanation:

The self determination theory is a theory of motivation that examines extrinsic and intrinsic motivation.

The theory states that humans have innate needs. If this needs are satisfied, humans would grow and function optimally. They include :

1. Autonomy - the desire to be in charge of one's life. It is the feeling of intrinsic motivation, in which workers perceive their work to have meaning and perceive themselves to be competent, having an impact, and capable of self-determination

2. Relatedness - the desire to relate and interact with other people.

3. Competence. This is the desire to achieve mastery.

Autonomy is when

4 0
3 years ago
Read 2 more answers
Selling an asset for cash will leave the total value of assets unchanged. True or false?​
I am Lyosha [343]
This is true..........
3 0
3 years ago
The term illustration in a life insurance policy refers to
Kryger [21]
The term illustration in a life insurance policy refers to a presentation of nonguaranteed elements of a policy.
Any element within a policy, other than policy dividends, which affects policyholder costs or value, and which may be changed at the discretion of the insurer after issue
3 0
4 years ago
About 6 out of 10 people entering a community college need to take a refresher mathematics course. if there are 850 enteringâ st
musickatia [10]

Answer:510 students

Explanation: given that total student is 850

And Of every 10 student 6 will have to sit for a refresher math course

Hence the number that will need a refresher math course will be (850/10)*6= 510

Or better still to better understand this let's use the crossing multiplication method

of 10 student 6must do a refresher math then

Of 850 students x must do a refresher math

Cross multiplying we have

X=(850*6)/10=510 students

5 0
3 years ago
2. income. Income from property received by households is an example of O labor O rental O interest & O none of the above​
Cloud [144]

labor form income property received by households

6 0
3 years ago
Other questions:
  • Larry Bar opened a frame shop and completed these transactions:1. Larry started the shop by investing $40,000 cash and equipment
    13·1 answer
  • ⦁ a local drama company proposes a new neighborhood theater in san francisco. before approving the permit, the city planner comp
    8·1 answer
  • How do increases in technology affect the aggregate production​ function?
    7·1 answer
  • If accounts payable have increased during a period________-
    9·1 answer
  • CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr
    14·1 answer
  • A price ceiling above $25 per box will not prevent the market from reaching equilibrium.
    13·1 answer
  • If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay t
    9·2 answers
  • Haier has achieved great success in becoming a global leader in the appliance industry and is doing so with these beneficial str
    6·1 answer
  • For each of the following, compute the present value: (Do not round intermediate calculations and round your answer to 2 decimal
    5·1 answer
  • If an insured under a variable life insurance policy does , how will the insurer respond to outstanding policy loans
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!