Business, 21.10.2020 19:01 dpazmembreno
Tom, Jerry and Donald started off a partnership firm on July 31, 2018. They decided to share profits equally, but also inserted a clause in the partnership agreement whereby any loss suffered would be borne in the ratio 3:2:1. For the year ended December 31, 2018, the firm earned a net income of $45,000. However, for the year ended December 31, 2019, the firm incurred a loss of $60,000. Assuming that Donald had an initial capital contribution of $40,000 and made no further withdrawals. What is the balance of Donald's Capital account as of December 31, 2019? (Assume that none of the partners made any further contributions to their capital accounts.)
Answers: 3
Business, 21.06.2019 20:40
Balances for each of the following accounts appear in an adjusted trial balance. identify each as an asset, liability, revenue, or expense. 1. accounts receivable 2. equipment 3. fees earned 4. insurance expense 5. prepaid advertising 6. prepaid rent 7. rent revenue 8. salary expense 9. salary payable 10. supplies 11. supplies expense 12. unearned rent
Answers: 3
Business, 21.06.2019 22:50
What happens when a bank is required to hold more money in reserve?
Answers: 3
Business, 22.06.2019 01:20
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
Answers: 3
Business, 22.06.2019 12:00
Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.
Answers: 2
Tom, Jerry and Donald started off a partnership firm on July 31, 2018. They decided to share profits...
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