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3 years ago

Any five differences between partnershipand Joint Stock company

Business

2 answers:

Pavel [41]3 years ago

8 0

here's your answer..

kupik [55]3 years ago

3 0

Partnership firms has no separate legal existence. Partnership Firm and partners are the same. Joint Stock company has separate legal existence. It is an artificial person created by law.

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Change from the fair value method to the equity method Assume an investor company acquires for $256,000 an 8% investment in the

matrenka [14]

Answer:

Date Account title and explanation Debit Credit

March 1 Equity investment $32,000

($612,000/17%)*8% - $256,000)

Unrealized holding gain $32,000

(To adjust the value of equity investment)

Note: On 1 march, value of the investment value is increased which is unrealized based on 31 December fair value

6 0

4 years ago

he St. Augustine Corporation originally budgeted for $360,000 of fixed overhead at 100% normal production capacity. Production w

OLga [1]

Answer:

$9000 (unfavorable).

Explanation:

Given: Budgeted fixed overhead= $360000.

Actual fixed overhead=$ 360000.

Actual production= 11,700 units.

The variable overhead rate was $3 per hour.

The standard hours for production were 5 hours per unit.

The fixed factory overhead volume variance is difference between actual production volume and budgeted production. It help in measuring the effecient use of fixed resources. It is termed as favourable if actual fixed overhead exceed the budgeted amount, however, it is unfavorable if the actual fixed overhead is less than budgeted amount.

Now, lets calculate the Actual fixed overhead cost.

Actual fixed overhead cost= $\textrm{actual fixed overhead}\times \frac{Actual\ production}{Budgeted\ production}$

∴ Actual fixed overhead cost= $\$ 360000\times \frac{11700}{12000} = \$ 351000.$

Actual fixed overhead cost= $351000.

Next calculating the fixed factory overhead volume variance.

The fixed factory overhead volume variance= $\textrm{Actual fixed overhead cost}-\textrm{budgeted fixed overhead}$

We know, Budgeted fixed overhead= $360000 and Actual fixed overhead cost= $351000

∴ The fixed factory overhead volume variance= $\$351000-\$360000= \$ 9000 (unfavorable)$

The fixed factory overhead volume variance= $9000 (unfavorable)

6 0

4 years ago

________ is the investment in social relations with the expectation of returns in the marketplace.

marishachu [46]

Answer:

Social capital is the investment in social relations with the expectation of returns in the marketplace

Explanation:

4 0

3 years ago

The following model shows how resources in an economy move between households, businesses, and government. The Circular Flow Mod

Alex

Answer:

The correct answer is the circular flow model.

Explanation:

The circular flow model shows the movement of resources between different sectors in the economy. The firms or business hire factors of production from the households. In return, they make factor payments. They use these factors to produce goods and services. The households purchase these goods and services and pay by their factor incomes.

The government sector charges taxes from households and businesses and provides goods and services in return. The government also hires factors of production and make factor payments. It also purchases goods and services from the businesses and pays for it.

6 0

3 years ago

Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the

Andreas93 [3]

Four perspectives are integrated to form the balanced scorecard framework. the financial perspective focuses on the view of the firm by the customer.

The four perspectives of the Balanced Scorecard are Learning and Growth, Business Process, Customer Perspective, and Financial. These four areas, also called legs, form the company's vision and strategy.

A strategy-based performance management system that typically identifies goals and actions from four different perspectives: financial perspective, customer perspective, process perspective, and learning and financial perspective.

The Balanced Scorecard helps you strategically manage your organization. The Balanced Scorecard is based on four perspectives including financial, business process, customer, and organizational capabilities. This allows companies to discover their shortcomings and develop strategies to overcome them.

Learn more about financial perspective at

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#SPJ4

5 0

2 years ago

Any five differences between partnershipand Joint Stock company​

Any five differences between partnershipand Joint Stock company