Agent Emily's listing was sold by another agent in her brokerage. Emily is entitled to a:_____

When a rocky shore erodes at approximately the same rate, we call that a:

Valentin [98]

The correct answer is e. sea cave

It can also be called a sea cliff. That's how cliffs are formed in general. The waves constantly hit and erode the cliffs and caves are made.

6 0

2 years ago

Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of $77,000; Ross has a capital of $119,000; and Carol

gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars Debit Credit

Carol Capital Account $4,500

Ross Capital Account $4,500

Ronald Capital Account $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

4 0

2 years ago

When new coke was introduced, it failed miserably in the market. after removing it from its product line, what did coca-cola mos

Mama L [17]

The correct option is this: COCA COLA WILL SHIFT THE EXCESS CAPACITY TO THE PRODUCTION OF OTHER SOFT DRINK PRODUCTS.
The capacity that was devoted to the failed drink will be diverted towards the production of other soft drinks that the Coca cola company is manufacturing.

4 0

2 years ago

Read 2 more answers

If a petty cash fund is established in the amount of $200, and contains $119 in cash and $84 in receipts for disbursements when

Andrej [43]

Answer:

The correct option is C

Explanation:

The journal entry which is to be passed in order to replenished the account is as:

Petty Cash A/c..................................Dr $84

Cash A/c...............................................Cr $81

Cash Over and Short A/c..................Cr $3

In order to replenish the account of petty cash, the account of expense (name of expense is not given, so petty cash account) is debited. Therefore, the petty cash is debited. The cash account is credited and the excess or over (which is $3 that is $200 - [$119 + $84 = $203] ) is replenished by crediting the account.

8 0

2 years ago

A project is expected to produce cash flows of $48,000, $39,000, and $15,000 over the next three years, respectively. After thre

german

Answer:

$80,809.09

Explanation:

Present value of the cash flows = ∑(Cash flow × Present value factor)

Present value factor = (1 + r)⁻ⁿ

Here,

r is the discount rate = 15.25% = 0.1525

n is the year of cash flow

thus,

Year n Cash flow PVF Present value

Year 1 1 $48,000 0.86768 $41,648.59

Year 2 2 $39,000 0.75287 $29,361.80

Year 3 3 $15,000 0.65325 $9,798.70

=============================================================

Present value of the project = $41,648.59 + $29,361.80 + $9,798.70

= $80,809.09

7 0

2 years ago

Agent Emily's listing was sold by another agent in her brokerage. Emily is entitled to a:______.a. selling side commission.