Rex & jacks novelty store, a partnership business, has planned to liquidate. your task is to them liquidate the partnership. listed below are the remaining assets and liabilities of the business. rex and jack share all profits and losses equally. assets: cash in bank $20,000accounts receivable $12,000merchandise inventory $42,000equipment $60,000 liabilities: accounts payable $15,500partners’ equity: rex’s capital $59,250jack’s capital $59,250liquidation transactions are listed below: customers will have to pay their accounts in full before the liquidation date. merchandise inventory was sold for $40,000 resulting in a loss of $2,000 to the partnership. equipment was sold to a local retailer for $70,000 resulting in a gain of $10,000.accounts payable will be paid in full. instructions: journalize and post the journal entries. calculate the share of each partner at end of the liquidation.

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $

12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.

Which of the following commission structures creates sales people who are highly motivated to close a sales,because their entire income depends on it?