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
Natasha_Volkova [10]
2 years ago
12

Badger and Fox are forming a partnership. Badger invests a building that has a market value of $352,000; the partnership assumes

responsibility for a $126,000 note secured by a mortgage on the property. Fox invests $101,000 in cash and equipment that has a market value of $76,000. For the partnership, the amounts recorded for the building and for Badger's Capital account are:
Business
1 answer:
viktelen [127]2 years ago
3 0

Answer:

Building, $352,000; Badger's Capital $226,000.

Explanation:

Calculation for the amounts recorded for the building and for Badger's Capital account are:

Based on the information given we were told that the building has a market value of the amount of $352,000 which means that the amounts recorded for the building will be $352,000

Badger's Capital =$352,000-$126,000

Badger's Capital =$226,000

Therefore the building and for Badger's Capital account are:

Building, $352,000; Badger's Capital $226,000

You might be interested in
Assume that Simple Co. had credit sales of $258,000 and cost of goods sold of $158,000 for the period. Simple uses the aging met
Sphinxa [80]

Answer: The amount of bad debt expense the company would record would be $3,470.

Explanation: Bad debt expense is an estimate of accounts receivable that is deemed as uncollectible while allowance for doubtful accounts is a balance sheet allowance account that warehouses the total balance of accounts receivable that is deemed irrecoverable.

In this scenario, Simple Co. estimated, using the aging method, that the allowance for doubtful accounts is $3,800. However, it had a credit balance of $330 in the same account. The reinstate the allowance account to $3,800, $3,470 has to be adjusted for by debiting bad debt expense and crediting allowance for doubtful account.

3 0
3 years ago
Use the compound interest formula to determine the accumulated balance after the stated period. ​$60006000 invested at an APR of
My name is Ann [436]

Answer:

The final value of the investment after 3 years is $7,146.10

Explanation:

Giving the following information:

Investment= $6,000

Interest rate= 6​% compounded annually

The number of years= 3 years.

To calculate the final value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 6,000*(1.06^3)

FV= $7,146.10

The final value of the investment after 3 years is $7,146.10

3 0
3 years ago
Catherine works for BluCorp, which has an employee handbook stating that employees will be terminated for good cause. Catherine'
barxatty [35]

Answer:

b. contract exception to employment at will.

Explanation:

The implied contract exception to employment law is available in at-will employment. BluCorp may be found liable for breach of contract firing Catherin due to be violating an implied employment contract.

Implied employment contracts are seen when there are employer's personnel policies stating that an employee will not be fired except for good and fair cause.

7 0
3 years ago
What are the implications of sharing confidential material information?
Norma-Jean [14]
The implication of sharing confidential material information is about having to keep a certain thing private in a way that it should be remained secret and hidden unless it has been given consent by the person who holds the privacy to be told to another party. It is not release carelessly and should be handled with care as it should be kept by the person withholding the information.
5 0
3 years ago
If the terms of a contract are _____________a court__________use ___________evidence, which is evidence outside the express term
xeze [42]

Answer:If the terms of a contract are ambiguous a court may use extrinsic

Explanation:

The ambiguity of the terms of the contract will force the court to look beyond the express terms of the contract and further looks into the extrinsic terms to be able to take a position on the contract.

8 0
3 years ago
Other questions:
  • When disassembling a computer, it is okay to stack circuit boards on top of each other as long as you follow esd protection rule
    5·1 answer
  • The marginal utility of the last unit of apples consumed is 12 and the marginal utility of the last unit of bananas consumed is
    5·1 answer
  • Caroline is an artist. She purchases canvas, paints, brushes, and accessories for $75. She sells orn of her original paintings t
    15·1 answer
  • Which of the following is a likely result of a lack of accountability?
    9·1 answer
  • Pronghorn Corp has 3,200 shares of 8%, $103 par value preferred stock outstanding at December 31, 2017. At December 31, 2017, th
    12·1 answer
  • Worlds of Fun is preparing to open its newest theme park in Shanghai. Once open, the marketing department will be collecting lot
    12·1 answer
  • What is the award recieved after completing a four year undergrad program called?
    10·1 answer
  • A company's Inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. Its Accounts Payable balance at 12/31/16 was $8
    14·1 answer
  • Remmel Corporation has provided the following contribution format income statement. Assume that the following information is wit
    7·1 answer
  • Current Attempt in Progress Incorrect answer icon Your answer is incorrect. Carla Willis will invest $34,700 today. She needs $1
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!