Answer:
cash 110,000 debit
land 100,000 credit
gain at disposal 10,000 credit
--to reocrd teh sale of land--
accounts payable 80,000 debit
cash 80,000 credit
--to record the payment of liabilities--
gain at disposal 10,000 debit
Morgan 7,500 credit
Halsted 2,500 credit
--to distribute the gain from sale--
Morgan 22,500
Haslted 7,500
Cash 30,000
--to liquidate the partnership--
Explanation:
ratio 3:1 (3+1=4)
Morgan 15000 share of 3/4 = 75%
Halsted 5000 share of 1/4 = 25%
there is gain of 10,000 in the sale distribute as follow
Morgan 10,000 x 75% = 7,500
Halsted 10,000 x 75% = 2,500
Now we close the account against cash
Answer:
d. risk resulting from an expected automobile industry shock g
Explanation:
Non systemic risk are risks that can be diversified away. they are also called company specific risk or industry specific risk . Examples of this type of risk is a manager engaging in fraudulent activities and risk resulting from an expected automobile industry shock
Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors
Answer:
Chicago Medical Instruments is trying to change Ramon's job so that it has more:
B. Autonomy
Explanation:
Autonomy means being capable of making informed decisions. In the job is about the freedom an employee has to perfom the work. Chicago Medical Instruments is allowing more flexibility in the hours Ramon works and more say in the procedures he use on the job. So, this is giving him more freedom which means that he has more autonomy.
Answer:
1. Purchase of stock. FINANCING ACTIVITIES.
Financing activities relate to transactions that involve the capital of the company. They include long term debt and equity. In this case, the company is buying back its own shares so this falls under Financing activities as it has to do with the company's own capital.
2. Principal payment on long-term debt. FINANCING ACTIVITIES.
Principal repayment retires long term debt and as mentioned above, financing activities relate to activities that involve long term debt.
3. Proceeds from sale of properties. INVESTING ACTVITIES.
Properties are fixed assets and transactions involving these are considered investing activities so the proceeds from a sale of properties would rightfully be an investing activity.
4. Inventories (decrease). OPERATING ACTIVITIES.
Transactions that have to do with the day to day operations of the business fall under operating activities and this includes inventories decreasing.
5. Accounts payable (decrease). OPERATING ACTIVITIES.
Operations of the business includes accounts payables decreasing as well.
6. Depreciation and amortization. OPERATING ACTIVITIES.
Depreciation and amortization arise from using the fixed assets for day to day operations so this will fall under Operating activities.
Answer:
the P/E ratio is 12.5
Explanation:
the price-earning ratio represent how many times the earnings per shares "fits" into the price of the share. It represent how many years are needed to payback the investment of rchase the share.
We first need the earningper share:

200,000 net income / 50,000 = 4 dollars EPS
price-earnings ratio:

50/4 = 12.5 years