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2 years ago

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Scott wants to swim across a river that is 400 meters wide. He begins swimming perpendicular to the shore he started from but en

ds up 100 meters downriver from where he started because of the current. How far did he actually swim from his starting point?

1 answer:

Natasha2012 [34]2 years ago

6 0

Hi the answer is 2 cool huh it’s a joke I don’t really know

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Which form of business organization is established as a separate legal entity?

densk [106]

Answer:

Corporations

Corporations. A corporation is considered by law to be a unique entity, separate from those who own it. A corporation can be taxed, sued and enter into contractual agreements. The corporation has a life of its own and does not dissolve when ownership changes.

Explanation:

corporation

Unlike a sole proprietorship or general partnership, a corporation is a separate legal entity, separate and distinct from its owners. It can be created for a limited duration, or it can have perpetual existence

7 0

2 years ago

Friendly Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2016. In preparing its insurance

lianna [129]

Answer:

d. $413,000

Explanation:

Sales = $1,160,000

Less: Cost of Goods Sold (1,160,000*70%) = <u>($812,000)</u>

Gross Profit = 348,000

Note: Since gross profit margin is 30% of the sales, the cost of goods sold must be 70% of sales.

Beginning inventory on Jan.1, 2016 = $340,000

Purchase inventory from Jan.1, 2016 to May 1,2016 = <u>$885,000</u>

Total Inventory = $1,225,000

Less: Cost of Goods sold = <u>($812,000)</u>

Estimated Inventory on May.1 2016 = $413,000

5 0

3 years ago

Use the following quotation to answer the question.“If men were angels, no government would be necessary.” —James Madison, Feder

serg [7]

Answer:

2. Government is necessary, because people do not always behave perfectly.

Explanation:

<em>Option 1</em> is wrong because if the government cannot control people, there is no use of making policy. It contradicts James Madison's quota.

<em>Options 3</em> and <em>4</em> are incorrect because the government is a necessary element.

Option 2 is correct, as the government is an essential element. Without government, people may become clueless and clumsy. To make peace in the nation, the government has to control its people.

6 0

3 years ago

Pizza International, Inc. operates 700 family restaurants around the world. The company’s annual report contained the following

Thepotemich [5.8K]

Answer:

$22,546

Explanation:

The preparation of the Cash Flows from Operating Activities -Indirect Method is shown below:

Cash flow from Operating activities

Net loss -$9,473

Add: depreciation $33,350

Less: Increase in Receivables -$179

Add: Decrease in Inventory $661

Less: Increase in Prepaid Expenses -$673

Less: Decrease in Accounts Payable -$2,291

Less: Decrease in Accrued Liabilities -$728

Add: Increase in Income Taxes Payable $1,879

Net Cash flow from Operating activities $22,546

Note payable is considered long term liabilities. Hence, we ignored it

The positive sign shows the inflow of cash while the negative sign shows the outflow of cash and the same is shown above

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3 years ago

Alex and Bess have been in partnership for many years. The partners, who share profits and losses on a 70:30 basis, respectively

Usimov [2.4K]

Answer:

Alex and Bess Partnership

Part A: Step-by-step Distribution:

Cash Noncash assets Liabilities Alex Bess

December 31 $48,000 $135,000 $36,000 $94,500 $52,500

Safe cash

distribution (26,400) 0 0 (18,480) (7,920)

1st Liabilities (21,600) 0 (21,600) 0 0

Sale of noncash 147,000 (135,000) 8,400 3,600

Safe cash distrib. (100,000) (70,000) (30,000)

Final liabilities (14,400) 0 (14,400) 0 0

Liquidation expense (4,100) 0 (2,870) (1,230)

Final distribution (28,500) 0 (11,550) (16,950)

Part B: Final Statement of Partnership Liquidation:

Cash Noncash assets Liabilities Alex Bess

December 31 $48,000 $135,000 $36,000 $94,500 $52,500

Sale of noncash 147,000 (135,000) 8,400 3,600

Payment of liabilities (36,000) (36,000)

Liquidation expenses (4,100) 0 (2,870) (1,230)

Distribution (154,900) 0 0 (100,030) (54,870)

Explanation:

a) Data and Calculations:

Profits and losses sharing ratio = 70:30

Estimated liquidation expenses = $5,500

Balance Sheet at Liquidation Date:

Cash $48,000 Liabilities $36,000

Noncash assets 135,000 Alex, capital 94,500

Bess, capital 52,500

Total assets 183,000 Total liabilities and capital $ 183,000

3 0

2 years ago