Answer:
No, the partnership does not recognize any gain or loss as a result of this distribution.
Explanation:
In proportionate non-liquidating distribution, a partnership does not recognize any gain or loss because the gain or loss that is incurred, due to distribution to partners is reported in partner’s tax returns, that is, they are included in partner’s income only. So, the partnership does not recognize any gain or loss as a result of this distribution.
Answer:
Paper Clip's Debt ratio is 0.25 or 25%
Explanation:
To calculate Debt ratio we need to find the value of Assets.
Asset turnover = Net sales / Total Assets
3 = $24,000,000 / Total Assets
Total Assets = $24,000,000 / 3
Total Assets = $8,000,000
Assuming that the only Liability is $2,000,000 on which the interest been paid.
Debt ratio = Total Debt / Total Equity
Debt ratio = 2,000,000 / 8,000,000
Debt ratio = 0.25 = 25%
Answer:
✓Identical
✓many
✓takers
Explanation:
perfectly competitive market can regarded as market that is been characterized as one having many buyers as well as sellers, they re also chracterized as one with undifferentiated products as well as no transaction costs with no barriers of entry and exit, there is also a perfect information about the price of a good.
It should be noted that In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers.
Answer:
a. Manufacturing overhead allocation rate for each department.
<u>Machining Department</u>
Overhead allocation rate = $2.50
<u>Assembly Department</u>
Overhead allocation rate = $4.00
b. total cost of Job #846 is $6,505
Explanation:
a. Manufacturing overhead allocation rate for each department.
<u>Machining Department</u>
Overhead allocation rate = Overhead / Machine hours
= $250,000/ 100,000
= $2.50
<u>Assembly Department</u>
Overhead allocation rate = Overhead / direct labor-hours
= $360,000/ 90,000
= $4.00
b. total cost of Job #846
Direct material cost :
Machining $2,700
Assembly $1,600
Direct labor cost :
Machining $ 400
Assembly $ 900
Overhead Costs :
Machining ( $2.50 × 170) $ 425
Assembly ( $4.00 × 120) $ 480
Total Cost $6,505
Answer:
<u>A. an abnormal price change immediately after the announcement</u>
Explanation:
- A Quarterly earnings report that is made for the public companies to report their earnings such as net income, EPS and continued operations, understanding of these reports provide the investors with the sales, expenses and other investments.
- High earnings lead to high prices. As these processes may lead to potential fluctuations and manipulations variety of these changes in prices can be easily brought about by the changes in the market conditions.
- Thus prices may tend to bounce back and decline immediately after the announcements in the stocks.