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James, Keller, and Rivers have the following capital balances; $48,000, $70,000 and $90,000 respectively. Because of a cash shor

Vilka [71]

Answer:

Capital balances of each partners

James Keller River

opening balance $48,000 $70,000 $90,000

Additional Capital 12,000

Salary 13,000 15,000 20,000

Interest on capital 4,400 5,600 7200

Drawings (12,000) (12,000) (12,000)

share of loss (7040) (10560) (17600)

closing balance 58,360 68,040 87,600

Explanation:

1. Interest on capital is based on weighted average capital balance without regard to normal drawings

James =( 8% * 48,000) + ( 8%* 12,000 * 7/12) = $4,400

on the additional capital invested by James, interest on capital will be calculated for 7months

Keller = 8% * 70,000 = $5,600

River = 8% * 90,000 = 7200

Appropriation

Net income $30,000

Interest on capital(4400 + 5600+7200) 17,200

salary (13,000+15000+20000) 48,000 (65,200)

share of loss : James 7,040

keller 10,560

River 17600 35,200

7 0

3 years ago

________ communication is a form of two-way communication, a dialogue.

Goryan [66]

Interactive is the answer

3 0

3 years ago

When companies recruit people to promote products to friends and other contacts in exchange for free samples or other rewards,

zimovet [89]

Answer:

E. viral

Explanation:

Viral marketing, also known as viral advertising is a kind of the business strategy which uses the existing social networks in an organization to promote a particular product.

Like virus spreads from one person to the another, this type of marketing strategy follows same tangent in which the consumers spread the information about the product with the other people who are in their social networks. The mode of delivery can be via mouth or by internet and social media platforms.

Hence, the given example is kind of viral marketing.

4 0

4 years ago

g You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. If the inflation rate is 1.09%, by how

gayaneshka [121]

Answer:

Real purchasing power increase= 2.16%

Explanation:

Giving the following information:

You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. The inflation rate is 1.09%.

In this example, we have two different and opposite effects. The interest rate increases your purchasing power. If the inflation rate is 0, the purchasing power will increase (in one year) 3.25%.

The inflation rate decreases the purchasing power of nominal income.

Real purchasing power increase= annual interest rate - inflation rate

Real purchasing power increase= 3.25 - 1.09= 2.16%

6 0

4 years ago

Your little sister Tiffany is beginning to cause you some concern. She wants to borrow $480 from you today and promises to pay y

Ulleksa [173]

Answer:

No, I don’t think this would be a good loan to make. Even if your sister means the world to you and you believe giving her that amount of money must be for a good cause… you should find out what the loan is for. After all, your sister is a 9 year-old.

Hope it helped! Have a good day.

3 0

3 years ago