<span>Answer:
Partners a and b receive a salary of $30,000 and $60,000, respectively, and share income and losses in a 2:1 ratio, respectively. if the partnership suffers a $30,000 net loss in 20x5, the entry to close the income or loss into their capital accounts is:</span>
Answer:
Jack should report $1,400 of net capital gain and $300 of net ordinary income
Explanation:
The amount of net capital gain that Jack should report should be $1,400 from sale of stock because. it was hold for 2 years (more than 1 year). So $1,400 should report.
As, in respect of the amount of the net ordinary income that he should report, we would have to make the following calculation:
net ordinary income= $1,100-$800
net ordinary income=$300
He should report the amount of $300 of net ordinary income
1.Computer software
2.Operate fax machines
3.Answer routine letters and email
Answer:
1. a) Small Appliance Division, Average total operating assets = $6,934,000
b) Margin = 8.00%
c) Turnover = 6.00 times
d) ROI = 48.00%
2. a) Cleaning products division, Average total operating assets = $5,800,000
b) Margin = 3.00%
c) Turnover = 4.00 times
d) ROI = 12.00%
3. See explanation section.
Explanation:
See the following images to get the proper explanation. As all the answers are round figure, therefore, I did not use 16.00%, instead I used 16%. (16% is an example).
Answer: Andy's demand for beer to increase
Explanation:
Andy's views beer and pizza as complement to each other. Hence when the price of pizza decreases Andy's demand for beer would increase as he would order more beer than pizza so as to complement both offers.