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Lisa [10]
2 years ago
15

Kim, chris, and beth are all partners in a cosmetics firm. kim is leaving the partnership and wants to sell her shares of the bu

siness, including the property owned by the partnership, to chris and beth. the remaining partners are not interested in buying kim's interests. kim has been unable to find a buyer for her share of the partnership. she has now resorted to asking the court to either sell her shares or sell the entire property. what form of concurrent ownership applies?
Business
1 answer:
Goryan [66]2 years ago
3 0
The answer for your question is B
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Determine what paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per
dusya [7]

Answer:

He has to pay the insurance company=$1840.90

Explanation:

Value of his home=$449,000

Insurance company charges $0.41 per $100 of value in his home

Number of $100's in $449,000=449000/100=4490

They charge 0.41 for every $100=4490×0.41= $1840.90

He has to pay the insurance company=$1840.90

4 0
2 years ago
​Moe's Pizza Shop sells a large pizza for​ $12.00. Unit variable expenses total​ $8.00. The breakeven sales in units is​ 7,000 a
spayn [35]

Answer:

$12,000

Explanation:

Margin of safety = Current sales level - Break even point

=(8,000 ×12) - (7,000 × 12)

= 96,000 - 84,000

= $12,000

7 0
2 years ago
Dogs R US uses the perpetual inventory system to account for its merchandise. On May 1, it returned $50 of merchandise due to a
nataly862011 [7]

Answer:

F. Debit Accounts Payable $50.

B. Credit Merchandise Inventory $50.

Explanation:

As the company uses perpetual Inventory System, the journal entry to record the purchase return will be -

Debit           Accounts Payable             $50

Credit          Merchandise Inventory    $50

As the purchase was on credit, cash would not be either debit or credit. As the Merchandise Inventory returned to the suppliers, inventory was decreased. Hence, inventory will not be debit. Accounts payable was reduced too. Therefore, accounts payable will not be credit. Purchase returns are used in the periodic inventory system.

3 0
2 years ago
Archer, in Chicago, wrote to Ganze in New York City offering to purchase her antique car. When she received the letter, Ganze ma
olya-2409 [2.1K]

Answer:

<u>No</u>

Explanation:

<em>Remember, </em>in business law, as long as both parties did not sign a contractual document, the purchase is not legal.

In this case, it could be observed that Ganze only "mailed an acceptance" not a signed document between both parties agreeing on the purchase of her antique car.

Also, the fact that she quickly sent a telegram letting  Archer know that she is rejecting the offer, shows that she acted in good fate to withdraw her acceptance on time.

7 0
2 years ago
Vermeillen Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the
Delicious77 [7]

Answer:

1 ) Variable Overhead Rate Variance = ( SR - AR )* AH

                                                         = ( $21 - $20) 3,500

                                                        = $3,500 Favorable

2 ) Labor Rate =  ( SR - AR )* AH

                      =  ( $24 - $24.9) 2,290

                      =$2,061 U

Explanation:

TOTAL =  Standard cost - Incurred cost

Standard Cost = $70,000 + $4,550

                        = $74,550

Standard Rate = $74,550 / 3,550

                        = $21

cost incurred = AR * machine hours

cost per machine hour = $70,000/3,500

                                      =$20

2) Labor Rate =  ( SR - AR )* AH

                      =  ( $24 - $24.9) 2,290

                      =$2,061 U

AR = $57,021/2,290 = $24.9

AR = Actual Rate

SR = Standard Rate

AH = Actual hours

8 0
2 years ago
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