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baherus [9]
3 years ago
15

WILL MARK BRAINLIEST

Business
1 answer:
Zigmanuir [339]3 years ago
3 0

Answer:

the total partner equity is $105,000

Explanation:

The computation of the total partner equity is shown below;

= Capital contributions × number of partners - withdrawn amount by the partners + total profit

= $50,000 × 2 - $5,000 - $7,500 + $17,500

= $105,000

hence, the total partner equity is $105,000

Therefore the correct option is B.

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Angus Company agreed to sell goods for Longhorn Company on consignment, but wasn't willing to take ownership of the goods in cas
vladimir2022 [97]

Answer: D. Longhorn owns the inventory and should report it on its balance sheet.

Explanation:

Goods to be sold on consignment for a company means a company is selling goods for another company and will be paid for their services.

In that case, the company being sold for will retain the ownership of the goods because the company that is selling it for them is simply providing a service.

Angus in this scenario are simply holding the goods to sell it and so do not own the goods. Longhorn should therefore record it in their own books as inventory.

3 0
3 years ago
Some people include a letter of last instruction in their estate planning. What is likely TRUE about this letter?
iVinArrow [24]

Answer:

C

Explanation:

A Letter of Last Instruction (LOLI) serves to give family important information such as where the person wants to be buried, instructions for any pets, or location of important legal documents.  

Side note: this is not a will, and should not be used as a substitution for one. A will is a legal document, a LOLI is not.

Hope this helps! Let me know if you have any further questions about my response.

3 0
3 years ago
Internationalization is the vision of creating one world unit, a single market entity.
Bess [88]
Iternationa;zation is the vision of creating one world unit a single market entity, b.
3 0
4 years ago
As little as _______ percent of privately owned businesses ever move from the start-up stage to the success stage.
melomori [17]
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8 0
3 years ago
Read 2 more answers
Lion Industries required production for June is 132,000 units. To make one unit of finished product, three pounds of direct mate
OleMash [197]

Answer:

Raw materials to be Purchased 426,000

Explanation:

Raw materials production needs  396,000 (A)

Desired Ending Inventory             330,000  (B)

Total needs                                    726,000   (C) (A+B)

Beginning Inventory                    (300,000)  (D)

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(A)

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each units required 3 pounds of raw materials per unit

so we multiply to get how many are required for production

(B) the desired inventory are additional units we need to purchase

(D) the beginning inventory are units we already have on inventory, decreasing our purchase needs.

6 0
3 years ago
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