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2 years ago

According to the Uniform Partnership Act, the three key elements of any general partnership are

Business

1 answer:

Anon25 [30]2 years ago

4 0

Answer:

(2) Common ownership, shared profits and losses, and right to participate in managing the operations.

Explanation:

Partnership refers to a mutual agreement between 2 or more individuals agreeing to carry out a business and to share it's profits and losses in an agreed ratio or as per the clauses in partnership deed.

Uniform partnership act regulates partnership agreements in majority of United States. The act also allows remaining partners after dissolution to continue the partnership if majority of them desire to do so.

Under the act, Partnership is characterized by common ownership of assets and liabilities by all partners, sharing of partnership profits and losses and equal rights to participate in managing the operations of the partnership.

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At the end of the current year, the accounts receivable account has a debit balance of $947,000 and sales for the year total $10

ExtremeBDS [4]

Answer:

A.$26,850

B.$28,200

C.$80,550

D.$53,000

Explanation:

Calculation to Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions

A.) We are using net sales as a basis, therefore the balance in the allowance account is ignored.

$10,740,000 x 1% x 1/4 = 26,850

26,850- 12,800

= 14,050 adjustment

B.) We are using Accounts Receivables as the basis, therefore the balance in the allowance account needs to be considered.

41,000 - 12,800 = 28,200 adjustment

C.) Since allowance account before adjustment has a debit balance of $5,700 in which Bad debt expense is estimated at 3/4 of 1% of net sales. The adjustment will be:

10,740,000 x 1% x 3/4 =80,550

80,550 - 5,700 = 74,850 adjustment

D.) Since we have a debit balance, the adjustment would be :

47,300+ 5,700 = 53,000

8 0

1 year ago

Beth saves $2,500 a year from age 25 until age 34 (inclusive) and invests the money in an account earning ten percent annually.

agasfer [191]

Answer:

False

Bill will have less than Beth

Explanation:

let us compare the amounts accumulated by the two individuals at age 65 to see which is more.

Money accumulated by Bill at age 65:

Since bill saves $2500 a year for 30 years, amount saved at the end of 30 years = 2500 X 30 = $75000.

Money accumulated by Beth at age 65:

Beth saves $2,500 a year from age 25 until age 34: Amount saved = 2500 X 9 = $22500

Invests the money in an account earning ten percent annually for 31 years.

Assuming it was at a simple interest rate,

The interest at the end of the 31st year will be:

$Interest = \frac{P\times R\times Time}{100}= \frac{22500\times 10\times 31}{100}= 69,750$

Therefore total amount at age 65 = $22, 500 + 69750 = $92,250.

∴ This shows that Bill will have less money than Beth. Primarily due to the fact that he started investing at a lot later time than Beth.

7 0

1 year ago

Read 2 more answers

Based on your observations of connective tissue in Experiment 2, which statement explains the difference between loose and dense

zaharov [31]

The difference between loose and dense connective tissue is there is much more space between the fibers and cells in loose connective tissue than in dense connective tissue.

Option D

Explanation:

The two types of conjunctive tissue found in animals are the loose and compact connective tissues.

Connective tissue primarily serves soft bodies structurally. It also facilitates the provision of the epithelial tissue of nutrients and oxygen.

Elastic conjunctive tissue includes fibres that are elastic, whereas thick connective tissue comprises tightly structured fibres. Therefore the principal difference in the density of the extracellular matrix in each type of conjunctive tissue is between loose and dense binding tissue.

6 0

2 years ago

After watching both videos above, explain the importance of understanding intercultural communication. Identify the role that co

Triss [41]

Answer:

Intercultural communication is important as it helps in cross culture communication process. It helps in the process where different people belonging to different cultures communicate together on one platform. The communication can be verbal or non verbal among the people who belong to different cultural backgrounds.

Explanation:

High context communication is one in which communication is in such a way that relies heavily on non verbal language and emphasis the cultural values. Low context cultures communication is when people communicate in direct and precise manner. They rely heavily on verbal communication.

7 0

2 years ago

When using analytics programmes on your website, which of these do not fall under the category of a metric?A Browser users use t

marta [7]

Answer:

The correct answer is A

Explanation:

Analytics programmes or the data analytics is the one which refers to the techniques involve both quantitative and qualitative and the processes that is used in order to enhance the productivity as well as the business gain.

Data is extracted in order to identify or recognize as well as analyze the behavioral patterns as well as data and the techniques vary as per the requirements of the company.

And if the analytical programme is used on the website, the browser users cannot use the access to the site under the metric category.

6 0

2 years ago