Answer:
a Interest paid to partners based on the amount of invested capital.
Explanation:
A partnership is formed between two parties that agree to go into a venture for mutual gain. The parties share ownership of the business entity and as such are entitled to profit from their equity holdings.
Interest paid based on invested capital is considered a distribution of profit by the business and not an expense. This is similar to sharing profit to shareholders in a company.
Legitimate expenses include: cost of sales, staff cost, administrative costs, advertising costs, and professional expenses like hiring an accountant.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Explanation:
The adjusting journal entry is presented below:
On September 30
Unearned ticket revenue A/c Dr $75,000
To Ticket revenue A/c $75,000
(Being the unearned ticked revenue is recorded)
The computation is shown below:
= Season tickets sale value × number of games ÷ given number of gains
= $200,000 × 3 games ÷ 8 games
= $75,000
Answer:
Option A; AN INVASION OF PRIVACY.
Explanation:
Invasion of privacy is the unjustifiable intrusion into the personal life of another without consent. It is used to describe a circumstance where an individual or organization knowingly intrudes upon a person.
An invasion of privacy is considered to be a tort.
The four most common types of invasion of privacy torts are:
Appropriation of Name or Likeness
Intrusion Upon Seclusion
False Light
Public Disclosure of Private Facts
The display of the checks of customers is a public disclosure of private fact of the customers, therefore, it is AN INVASION OF PRIVACY.
Answer:
Letter a is correct. <em>Monopolistic competition is similar to monopoly because both market structures are characterized by firms being price makers rather than price takers.</em>
Explanation:
<u>
A monopoly</u> is an economic situation whose main characteristic is imperfect competition, that is, only one company owns a market for a particular good or service and for this reason is able to influence the price of that good or service for its own benefit.
<u>Monopolistic competition</u> resembles monopoly in that it is characterized by business competition for similar but not equal products, so they are also capable of making the price, since similar products sold on the market cannot be considered perfect substitutes.
