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Trava [24]
2 years ago
13

A concentration of minerals that could now be legally mined at a profit is called a.

Business
1 answer:
lorasvet [3.4K]2 years ago
7 0

Answer:

Reserve. resource

Explanation:

concentration of natural minerals in or on the crust of the Earth with potential to be extracted for profit.

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Wilma, Betty, and Fred are partners who share income and losses in a 5:3:2 ratio. Wilma decides to retire from the partnership w
Hoochie [10]

Answer:

<u>debited</u>

Explanation:

Partnership refers to a mutual agreement wherein two or more individuals agree carry out a business and to share profits and losses in a specified ratio or as per the clauses of the partnership deed.

When partners retire, the balances standing to the credit of their capital accounts needs to be settled or paid off.

As per the given information, Wilma is paid $45000 in cash. The journal entry in this case would be:

Wilma's Capital A/C                                    Dr.  $45000

    To Cash A/C                                                                $45000

For the remaining balance, Wilma shall be paid in cash as follows,

Wilma's Capital A/C                                    Dr. $5000

     To Cash A/c                                                            $5000

(Being settlement of a retiring partner's capital account being recorded)

3 0
3 years ago
Problems and Applications Q2 Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per
kari74 [83]

Answer:

$550,000

Explanation:

Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.

Therefore the OPPORTUNITY COST will be $550,000

3 0
3 years ago
Abe and Jan are well to do and are concerned that the estate tax exemption of $10,500,000 (combined) will not be sufficient to a
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Answer:

Please see attachment

Explanation:

Please see attachment

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3 years ago
Suppose that although the rated capacity of a freezer is x, the actual capacity is h(x) = x − 0.008x2. what is the expected actu
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How many times per year can a 529 plan account holder move funds from one plan to another?
Greeley [361]

I dont know but i think its

B) 1

7 0
3 years ago
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