Answers
Answer:
(A) partnership
Explanation:
In a partnership every partner has unlimited liability for all of the debts. There is a ver important difference with sole propietor's, any member of the partnership is responsible for debts of the business, even if the person had no responsability with the creation of the debts.
Related Questions
A buyer who has accepted goods may later revoke the acceptance if the buyer can show that the defects _____________ the value of the goods and the buyer had a legitimate reason for the initial acceptance.
Project A has a predicted payback period of 2.5 and Project B has a predicted payback period of 5. Based on this information we can conclude that Select one: A. more information should be gathered before deciding on which project, if either, is desirable. B. Project A is preferred to Project B. C. Project B provides twice the return of Project A. D. Project B is preferred to Project A, but it is not necessarily twice as profitable.
Here are the U.S. tax rates and their corresponding tax brackets based on filing status for single individuals (i.e. not corporations) If taxable income is: Then income tax equals: Not over $9,875 10% of the taxable income Over $9,875 but not over $40,125 $987.50 plus 12% of the excess over $9,875 Over $40,125 but not over $85,525 $4,617.5 plus 22% of the excess over $40,125 Over $85,525 but not over $163,300 $14,605.5 plus 24% of the excess over $85,525 Over $163,300 but not over $207,350 $33,271.5 plus 32% of the excess over $163,300 Over $207,350 but not over $518,400 $47,367.5 plus 35% of the excess over $207,350 Over $518,400 $156,235 plus 37% of the excess over $518,400 Layla's taxable income for 2019 was $182,431. How much are her federal income taxes to the nearest dollar
Critz Company was started on January 1, Year 1. During the month of January, Critz earned $7,500 of revenue and incurred $4,800 of expenses. During the remainder of Year 1, Critz earned $86,000 and incurred $51,000 of expenses. Critz closes its books on December 31 of each year. Required: a. Determine the balance in the Retained Earnings account as of January 31, Year 1. b. Determine the balance in the Revenue and Expense accounts as of January 31, Year 1. c. Determine the balance in the Retained Earnings account as of December 31, Year 1, before closing. d. Determine the balances in the Revenue and Expense accounts as of December 31, Year 1, before closing. e. Determine the balance in the Retained Earnings account as of January 1, Year 2. f. Determine the balance in the Revenue and Expense accounts as of January 1, Year 2.
Answers
Answer:
a) Jane currently has $150,000 x (1 + 8%)¹⁰ = $323,838.75 in her account
in 20 years, she will have $323,838.75 x (1 + 5%)²⁰ = $859,240.61
b) we can use the future value of an annuity formula to calculate Hal's annual contribution.
future value = annual contribution x annuity factor
annual contribution = future value / annuity factor
- future value = $959,240.61
- FV annuity factor, 5%, 20 periods = 33.066
annual contribution = $959,240.61 / 33.066 = $29,009.88
Answers
Answer:
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers is a TRUE statement.
Explanation:
- The State Hospital is owned and supervised directly by the state government, whereas, the organization named Acme Inc, is privately owned.
- In a state-owned entity, the state government is the authority that has the final say which is based on the Constitution.
- Hence, the arbitration done in the state hospital issues would also include Constitutional issues.
- Whereas, the same would not be the case with the privately owned organization.
Answers
Answer:
d. may make some unrealistic assumptions in order to simplify a complex reality
Explanation:
In economics, a model is a conceptual structure that represents economic procedures through a number of variables and a series of rational or quantitative interactions. The economic model is a simpler framework intended to demonstrate complex structures that is often mathematical.
Answers
Answer:
a. No entry is required.
b. Payroll Dr. $30,000
Wages Payable Cr. $30,000
c. Payroll Dr. $30,000
Federal Income Tax Cr. $4,500
FICA Taxes Payable Cr. $2,400
Wages Payable Cr. $23,100
d. Payroll Dr. $30,000
Federal Income Tax Cr. $4,500
FICA Taxes Payable Cr. $2,400
SUTA Cr. $1,800
FUTA Cr. $300
Wages Payable Cr. $21,000
B. 10.09%
C. 3.68%
D. 3.76%
Answers
The standard deviation for monthly returns on company A is approximately 8.03%
What is the standard deviation for monthly returns on company A
To calculate the standard deviation of monthly returns, we need to first calculate the monthly returns for the three months of observation. We can do this by using the formula:
Monthly Return = (Current Price - Purchase Price) / Purchase Price
For July 1:
Monthly Return = ($45.19 - $40.97) / $40.97 = 0.103 or 10.3%
For August 1:
Monthly Return = ($49.75 - $40.97) / $40.97 = 0.2143 or 21.43%
For September 1:
Monthly Return = ($51.58 - $40.97) / $40.97 = 0.2589 or 25.89%
Next, we need to calculate the average monthly return (R) over the three months:
R = (10.3% + 21.43% + 25.89%) / 3 = 19.2%
Now, we can calculate the standard deviation (σ) of the monthly returns using the formula:
σ = √ [(Σ (Ri - R)^2) / (n - 1)]
where Ri is the return for the ith month, and n is the number of observations (in this case, n = 3).
Plugging in the values, we get:
σ = √[((10.3% - 19.2%)^2 + (21.43% - 19.2%)^2 + (25.89% - 19.2%)^2) / (3 - 1)]
= √[(94.86 + 3.62 + 35.37) / 2]
= √[(133.85) / 2]
= 8.03%
Learn more on standard deviation here;
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Answers
Answer:
FINANCING LEASE.
trailer 600,000 debit
lease liability 479,825 credit
cash 120,175 credit
--to record Jan 1st entry--
interest expense 38,386 debit
lease liability 81,789 credit
cash 120,175 credit
--to record Dec 31st entry--
Explanation:
The lease is for more than half of the asset useful life. Also, it has a present value equal to the fair value of the trailer. Also, ownership is acquired at the end of the lease life.
To build the schedule we calculate the interest on the principal
then, we subtract that from the installment to get the principal amortization and solve for the remaining at year-end
we repeat this procedure during the life of the lease.
Jan 1st, 2021
the journal entries will recognize the lease liability, the cash from the first payment, and the trailers received
Dec 31st, 2021
Here we must recognize the interest expense as well as the decrease in the lease liability.