Reem, Shamma and Monira are partners in the RSM Company. They share profits in a 4:3:2 ratio respectively. The partners decide to liquidate on June 30, 2019. At the time of liquidation, the RMS balance sheet was as follows: Assets

Cash 20,000
Noncash Assets 75,000
Total Assets 95,000

Liabilities & Capital

Accounts Payable 60,000
Reem, Capital 20,000
Shamma, capital 10,000
Monira, capital 5,000
Total Liabilites & Capital 95,000

The non-cash assets sold for 30,000

Provide all the journal entries needed to record the events in liquidation. Assume Reem and Shamma are solvent, but Monira is insolvent

Arecession is defined as a period in which

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?

Jiffy printing shops does a lot of printing job for college students. the shop use an average of 25 cases of copy paper each day during the 312 days last year. the shop opens 6 days a week for 52 weeks each year and closes on sundays. each case of paper costs $35. it conducts a count of its paper inventory at the end of every quarter of the year. the table below shows the inventory counting records for last year. inventory end of quarter 1 700 cases end of quarter 2 1,050 cases end of quarter 3 920 cases end of quarter 4 800 cases 1. what's jiffy's cost of goods sold last year? 2. what's jiffy's average aggregate inventory value? 3. what's jiffy's inventory turnover last year? 4. what is the printing shop's weeks of supply last year?