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3 years ago

The rule in Garner v. Murray deals with

Business

1 answer:

olga55 [171]3 years ago

7 0

Answer:

In the event of the insolvency of a partner any losses should be shared in the ratio of the last agreed capital balances before the dissolution took place. This is known as the Garner v Murray rule.

Explanation:

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Joanna and her husband went to have dinner at their favorite restaurant- the Big Bite. They ordered the food, enjoyed the food,

In-s [12.5K]

Answer:

Debtor: Joanna and her husband; Creditor: Resturant

Explanation:

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6 0

2 years ago

Classifying items on the statement of cash flows Cash flow items must be categorized into one of four categories. Identify each

valentina_108 [34]

Answer:

Explanation:

There are three types of activities in the cash flow statement which are described below:

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income and it also records the cash receipts and cash payment transactions

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

The categorization is shown below:

a. Cash purchase of merchandise inventory - operating activity

b. Cash payment of dividend - financing activity

c. Cash receipt from the collection of long-term notes receivable - investing activity

d. Cash payment for income taxes - operating activity

e. Purchase of equipment in exchange for notes payable - non cash activity

f. Cash receipt from the sale of land - investing activity

g. Cash received from borrowing money - financing activity

h. Cash receipt for interest income - operating activity

i. Cash receipt from the issuance of common stock - financing activity

j. Cash payment of salaries dividends - operating activity

5 0

3 years ago

Robert started his company in his parents' garage because he could not afford to rent an office space. Most of his finances were

Levart [38]

Answer:

having lower overhead costs.

Explanation:

Robert started his company in his mother's garage so he did not have to pay rent or lease at the initial stage of his business. This gave him the opportunity to put his finances in essential aspects of his business.

Therefore he had an opportunity to reduce his overhead cost.

4 0

3 years ago

Big Canyon Enterprises has bonds on the market making annual payments, with 12 years to maturity, a par value of $1,000, and a p

PSYCHO15rus [73]

Answer:

6.32%

Explanation:

Bonds yield amount = $1,030 × 6.14% = $63.242

Coupon rate = Bond yield amount ÷ Par value of the bond = $63.242 ÷ $1,000 = 0.063242, or 6.32%

Therefore, the coupon rate on the bonds must be 6.32%.

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3 years ago

Successful change requires that organizations be capable of both creating and implementing ideas, which means the organization m

-Dominant- [34]

Ambidextrous
It means utilizing both hands equally fluidly or deftly
Ambidextrous organizations - Exploratory units are separated from their traditional units in ambidextrous organizations, which encourages them to create their own systems, organizations, and cultures. But at the senior management level, they also closely coordinate these new divisions with the already-existing organizations.
Organizations can benefit from ambidexterity in various ways. The most important result of ambidexterity is creativity since innovation requires both exploratory and exploitative characteristics. Ambidexterity is the capacity to maintain a balance between exploratory and exploitative processes.
understandings of the four behaviors at the core of an ambidextrous organisation
a tactical approach to exploring
senior management commitment
separation from the unethical companies
a shared culture across all teams
To learn more about the ambidextrous organization please visit-
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3 0

2 years ago

The rule in Garner v. Murray deals with​

The rule in Garner v. Murray deals with