Answer:
No
Explanation:
In a partnership form of business ownership, a limited partner enjoys limited liability to the debts of the business. Alexandra is named as a limited partner. He should not participate in the day to day management of the business.
Marita is a general partner and is involved in managing business operations. He has unlimited liabilities to the debts of the business. If Marita embezzles investors' funds, Alexandra is only liable to the extent of his capital contribution. His personal properties cannot be attached to business debts. Alexandra can only be liable if he participates in the management of the business. Marita, on the other hand, is fully responsible for business debts.
Answer:
The answer is true
Explanation:
Unearned Subscription Revenue is the revenue that has not been earned but the money has been received ahead of the service. It is termed as a liability because the customer can terminate the contract anytime.
As the customer enjoys the service, subscription revenue will be recognized monthly by the calculated proportion and this unearned subscription revenue will decrease by the same amount.
12-month subscription is $360
Therefore, the subscription charge for each month will be $30($360/12months).
August 1 through December 31 is 5 months.
Therefore, the amount for adjusting entry on this day will be $150(5 months x $30).
Note: Debit increases asset and expenses while credit decreases it. And debit decreases liability, equity, revenue while credit increases it.
Explanation:
It is correct to say that we live in a globalized world, where there is a lot of competition in the business market and where the flow of information occurs very quickly. Therefore, there is a greater demand from society for companies to be active promoters of practices that will lead to the development of society and the maintenance of scarce natural resources.
Companies that act in an environmentally responsible manner will obtain the benefits of certifying to their stakeholders that they are active agents of transformation and prevention of the environment, which can be accomplished through environmental certifications, environmental management systems, compliance with environmental legislation, etc. , which ensures that companies have a better positioning in the market, attracts more consumers and investors, in addition to improving production processes with environmental management systems, which promotes continuous improvement in the company, reducing costs and waste.
The amount of interest expense recognized by jones in the current fiscal year is $306
The following illustrates how interest costs were calculated:
= Principal * Interest * Days * Days * Rate of Interest (total number of days in a year)
Simple interest is a simple and straightforward formula for figuring out how much interest will be charged on a loan. The daily interest rate, the principal, and the number of days between payments are multiplied to determine simple interest.
Simple interest is calculated by dividing the principal by the time, interest rate, and time period. "Simple Interest = Principal x Interest Rate x Time" is the written formula. This is the most fundamental formula for calculating interest.
= $79800.00 x 6% x (23 / 360)
= $305.98
The nearest dollar is $306
the period of 23 days runs from July 8 to July 31.
By multiplying the principal amount by the rate of interest and the duration, we simply applied the basic interest formula.
Learn more about simple interest at
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Answer:
If autonomous imports increase, then the aggregate expenditure curve shifts <u>downward</u> and equilibrium real GDP <u>decreases</u>
Explanation:
When the autonomous imports takes place there will be more demand for the foreign good over the domestic goods. This is a fall in the demand for the domestic goods and this will result in lower production in the economy and also result a fall in the employment. So the ultimate result is the reduction of the aggregate demand in the economy.