Public goods are any goods provided by units of local, state, or federal governments. a. true b. false

Kramer and Knox began a partnership by investing $58,000 and $65,000, respectively. During its first year, the partnership earne

IRISSAK [1]

Answer and Explanation:

The computation is shown below:

1. At the time when the partner failed to share the incom and loss so it is assume that the net income i.e. $160,000 should be shared equally so for both it is $80,000 each

2. When the income is shared as per their initial investment

<u>Particulars Kramer Knox Total </u>

Investment $58,000 $65,000 $123,000

Investment ratio 47.15% 52.85%

$160,000 income share $75,440 $84,560 $160,000

3. Sharing of the income as per the defined rule

<u>Particulars Kramer Knox Total</u>

Salary allocated $56,500 $46,500 $103,000

Interest at 12% $6,960 $7,800 $14,760

Remaining balance $21,120 $21,120 $42,240

Total $84,580 $75,420 $160,000

3 0

3 years ago

Onyx Company has prepared a static budget at the beginning of the month. At the end of the month, the following information has

marissa [1.9K]

I think it’s B not sure

8 0

3 years ago

Judy's Boutique just paid an annual dividend of $3.73 on its common stock. The firm increases its dividend by 3.40 percent annua

Talja [164]

Answer:

cost of equity = 12.16 %

Explanation:

given data

annual dividend of $3.73

increases dividend = 3.40 percent annually

stock price = $43.96 per share

to find out

What is the company's cost of equity

solution

we will use here Gordon model for compute company's cost of equity that is

market value = $\frac{dividend* ( 1+growth\ rate)}{cost\ of\ equity - Growth\ rate}$ ........................1

put here value we get

43.96 = $\frac{3.73* ( 1+0.034)}{cost\ of\ equity - 0.034}$

solve it we get

cost of equity = 0.121735

cost of equity = 12.16 %

8 0

3 years ago

Mantle Company has been in business several years. At the end of the current year; the unadjusted trial balance shows:

maksim [4K]

Answer:

a. Bad debts are estimated to be 7% of RECEIVABLES

Dr Bad Debt Expense $ 16.000

Cr Allowance for Uncollectible Accounts $ 16.000

Explanation:

December 31

Cr Sales Revenue $ 2.200.000

Dr Accounts Receivable $ 310.000

Cr Allowance for Doubtful Accounts $ 5.700

a. Bad debts are estimated to be 7% of RECEIVABLES

Dr Bad Debt Expense $ 16.000

Cr Allowance for Uncollectible Accounts $ 16.000

If the company applies the allowance method, it means that the account Allowance for Uncollectible Accounts must show as balance the % estimated of accounts receivables as CREDIT.

Because the company already has a CREDIT balance in the Allowance for Doubtful Accounts it's necessary to register an entry that complement the existing value and reflect the value as % of account receivable.

Bad accounts are those credits granted by the company and there is no possibility of being charged.

"When customers buy products on credits but the company cannot collect the debt, then it's necessary to cancel the unpaid invoice as uncollectible."

One way is to directly cancel bad debts at the time it was decided that the credit is bad, the total amount reported as bad debt expenses negatively affect the income statement and the accounts receivable are reduced by the same amount, less assets

The other way is to determine a percentage of the total amount of accounts receivable as bad debts, there are many ways to analyze accounts receivable and calculate the value of bad debts.

When the company has the percentage of uncollectible accounts, the required journal entry is Bad Expenses (debit) with Reserve for Bad Accounts (credit)

At the time of cancellation, since the expenses were recognized before, we only use the Allowance for Uncollectible Accounts (Debit) with accounts receivable (credit), with this we are recognizing the bad credit of the company.

8 0

3 years ago

Working women experienced new freedoms in the Progressive era because: a. young immigrant factory workers gained independence fr

Triss [41]

Answer:

The correct answers are: a. young immigrant factory workers gained independence from the traditional control of their fathers. and b. employment opened up to married white women.

Explanation:

The progressive era was a period of widespread social activism and political reform throughout the United States, spanning from the 1890s to the 1920s. The main objectives of the progressive movement were to eliminate the problems caused by industrialization, urbanization processes, immigration and political corruption.

Across the nation, middle-class women organized themselves in the name of social reform during the progressive era. Women were able to promote reforms such as the prohibition of alcohol, female suffrage, childcare and public health.

They formed local clubs, which after 1890 were coordinated by the General Federation of Women's Clubs (GFWC).

Women during the progressive era were often unhappy and did not enjoy their sexual intercourse, middle-class women known to bring about changes, specifically in cities like New York City, questioned the approach to marriage and sexuality. After the Victorian era, women craved more sexual freedom after the repression of the previous stage. Dating became a new form of relationship during the progressive era and introducing into the United States a more romantic way of seeing marriage and personal relationships. Within many commitments and marriages, both parties would exchange love notes as a Way to express your sexual feelings. The division between passionate and aggressive love generally associated with men and the most spiritual romantic love of women became evident in the middle class as women were judged on how they should be respected according to how they expressed these feelings. Therefore, women frequently expressed emotions without passion towards love, as a way of establishing their status among men in the middle class.

7 0

3 years ago