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Sav [38]
2 years ago
9

What is the Reconstituted Firm???​

Business
2 answers:
ella [17]2 years ago
8 0

Explanation:

When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

Georgia [21]2 years ago
4 0
When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

Reconstruction of a partnership firm refers to any change in the existing partnership or in the agreement between the existing partners. It results at the end of the existing partnership and a new partnership comes into existence with changed terms and conditions and the profit sharing Ratio of the partners
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Larger vehicles tend to have longer stopping distances than other vehicles because ____
kondaur [170]
<span>Larger vehicles tend to have longer stopping distances than other vehicles because they weigh more. Vehicles that way more take more time to slow down when traveling at the same speed as a vehicle that weighs less. For this reason, they take more time to slow down and need a larger stopping distance. </span>
3 0
3 years ago
"After a severe hurricane in South Carolina, the price of electric generators quadrupled. People living outside of South Carolin
Alona [7]

Answer:

Arbitrage

Explanation:

Arbitrage occurs when the same good sells for different prices at different market. This price difference allows market participants to earn riskless profit .

In this case, the generator is more expensive in South Carolina when compared with other places. Thus, in order to earn riskless profit, people would buy where it is cheaper and sell at South Carolina where it is more expensive.

Economic theory suggest that if this kind of buying continues, soon the prices would be the same in both markets .

I hope my answer helps you

5 0
3 years ago
Read 2 more answers
If the required reserve ratio is 10%, actual reserves are $10 million, and currency in circulation is equal to $20 million, M1 w
Pie

Answer:

The correct answer is E

Explanation:

M1, M2 and M3 are the terms which measure the money supply of United States, referred to as money aggregates.

The formula for computing the M1 is as:

M1 = coins as well as currency in circulation + checkable or demand deposit + traveler checks

where

Currency in circulation is $20 million

Demand deposit is as:

= Required reserve × Actual reserve

= 10 ×  $10 million

= $100 million

Putting the values above:

M1 = $20 million + $100 million

M1 = $120 million

8 0
3 years ago
Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a colle
fenix001 [56]
<span>Albert's 19-year old son, paul, lived with him all year. paul is a full-time student who earned $4500, which he put into a college fund. albert can claim paul as a dependent</span>
8 0
3 years ago
Davidson has the following transactions during​ January: Credit sales of​ $150,000, collections of credit sales of​ $83,000, and
Andrews [41]

Answer:

$20,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

However, in the direct writeoff method, estimates of uncollectible receivables are posted directly into the accounts receivable and not into the allowance account.

The amount in the accounts receivable before write off

= $150,000 - $83,000

= $67,000

Amount written of is $20,000, this will be posted as a debit to bad debt expense and a credit to accounts receivable.

7 0
3 years ago
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