This assessment Question 16 All, Basel and Ziad are sharing income and loss in a 4:3.2 ratio respectively and decided to liquidate their partnership. Poor to the final distribution of cash to the partners. All has a capital balance of $(20,000), Basel has a capital balance of $48.000, and Ziad has a capital balance of $72.000 Also, cash balance is $100,000 All is NOT able to pay the amount he owes the partnership. Which of the following two journal entries are right to record this liquidation case? OA Basel Capital 8.000
Answers
Based on the information provided, if All is unable to pay the amount he owes the partnership, the correct journal entries to record the liquidation case would be as follows:
To record the transfer of All's capital deficiency to Basel and Ziad:
Basel, Capital 8,000
Ziad, Capital 6,400
All, Capital (14,400)
(To transfer All's capital deficiency to Basel and Ziad)
*In this entry, Basel's capital is increased by $8,000 (4/7 of All's capital deficiency) and Ziad's capital is increased by $6,400 (3.2/7 of All's capital deficiency). All's capital balance is reduced by the full amount of his capital deficiency, represented as a negative value.
To close the remaining capital balances to the partners' capital accounts:
Basel, Capital 40,000
Ziad, Capital 56,000
(To close the remaining capital balances to the partners' capital accounts)
*In this entry, Basel's capital balance is adjusted to $40,000 and Ziad's capital balance is adjusted to $56,000, reflecting the remaining capital after considering All's deficiency.
Note: The specific amounts used in the journal entries depend on the calculations based on the given ratio and the capital deficiency of All.
To know more about journal entries click this link -
brainly.com/question/20421012
#SPJ11
Related Questions
What is the nature of business
Answers
Hopefully this helped. I had to figure it out.
Explain how the federal reserve regulates the money supply.
Answers
The Federal Reserve regulates the money supply by raising the requirements of the reserve.
What is Federal Reserve?The Federal Reserve System is the U.S. of America's central banking system.
After just a series of financial turmoil, a need for centralized control of the financial system to mitigate credit crisis led to the enactment of the Federal Reserve Act on December 23, 1913.
The Federal can regulate the money supply by increasing reserve requirements, which reference to the sum of money institutions must maintain against bank deposits.
Banks will be able to loan more money when reserve requirements are lowered, increasing the total supply of money in the economy.
Therefore, by raising the reserve, the Federal Reserve regulated the money supply.
Learn more about the Federal Reserve, refer to:
https://brainly.com/question/17097530
Which of the following is an example of a scenario that could benefit from Flash software? ( business & technology )
A.
Emily would like to add a survey to her website so she can get feedback from visitors.
B.
Jamie would like to test out different font sizes and styles to choose ones for her website.
C.
Taylor would like to learn which colors would be most effective to use on her website.
D.
Ethan would like to digitally store pictures to eventually upload to his website.
Answers
Answer:
D. Ethan would like to digitally store pictures to eventually upload to his website.
\(\)
Explanation:
The scenario that could benefit from Flash software is option D.
D. Ethan would like to digitally store pictures to eventually upload to his website.
Flash software, specifically Adobe Flash, was commonly used for creating and displaying multimedia content on websites, including animations, interactive elements, and video playback. In the past, Flash was often used for image galleries and image-based slideshows, which could be relevant to Ethan's goal of digitally storing pictures for later uploading to his website.
However, it's important to note that as of my knowledge cutoff in September 2021, Adobe has announced the end of support and discontinuation of Flash Player by the end of 2020. This decision was made due to the shift towards open web standards and the emergence of more secure and efficient technologies. Therefore, it's recommended to explore alternative solutions for image storage and display, such as using HTML, CSS, and JavaScript.
A bond has a par value of $10,000 and currently has a price of $9,500. The bond pays a rate of 5% over 5 years. Calculate the current yield. The same bond started the year with a price of $9,500 and is expected to be sold for $9,750. What is the Capital Gains Yield
Answers
Answer:
The current yield is 5.2% and capital gain is 2.63%.
Explanation:
The par value of bond = $10000
Current price = $9500
Annual coupan payment = 5%
Annual coupan payment = 10000 × 5% = $500
Now calculate the current yield.
The current yield = annual coupon payment / current price
The current yield = 500 / 9500 = 0.052 or 5.2%
Now calculate the capital gain. In the question, it says that it starts at $9500 so its original price is 9500.
Capital gain yield = (9750 – 9500) / 9500 = 0.0263 or 2.63%
A major drawback for foreign direct investment (FDI) is a. Cost b. Control c. Physical d. closeness e. commitment
Answers
Foreign direct investment (FDI) is a critical source of external financing for many countries and a crucial tool for economic development. However, one significant drawback associated with FDI is the potential loss of control over domestic businesses and assets.
Another drawback of FDI is the level of commitment required. Foreign investors often demand a high degree of political and economic stability, infrastructure, and legal protection before investing in a country. Therefore, attracting FDI may require significant upfront investments by governments, including infrastructure development and regulatory reforms.
Physical proximity is also an important consideration for foreign investors. Investments in countries that are geographically distant or lack established transportation links may be more challenging to manage, and investors may encounter logistical challenges that limit the success of their investments.
While FDI can bring significant economic benefits to host countries, it is essential to weigh the drawbacks, including potential loss of control, high levels of commitment, and physical distance, before making investment decisions.
Learn more about investment here:
https://brainly.com/question/15105766
#SPJ11
Which education and qualifications would a high-level National Security Officer most likely need? Check all that apply.
design skills
customer-service skills
leadership skills
bachelor’s degree
discipline
high school degree
Answers
The education and qualifications that a high-level National Security Officer would most likely need are :
leadership skillsbachelor’s degreedisciplineBecoming a National Security OfficerThrough a competitive, national, merit-based annual competition, successful applicants distinguish themselves as highly motivated in their academic and career goals and in their strong commitment to public service. In return for support, award recipients agree to work in qualifying national security positions for at least one year.
Thus, the education and qualifications that a high-level National Security Officer would most likely need are :
leadership skillsbachelor’s degreedisciplineLearn more on National Security Officer here- brainly.com/question/13823394
#SPJ2
Answer:here's the answer for this question
Explanation:edge2023
kinston industries has come up with a new mountain bike prototype and is ready to go ahead with pilot production and test marketing. the pilot production and test marketing phase will last for one year and cost $500,000. your management team believes that there is a 50% chance that the test marketing will be successful and that there will be sufficient demand for the new mountain bike. if the test-marketing phase is successful, then kinston industries will invest $3 million in year one to build a plant that will generate expected annual after tax cash flows of $400,000 in perpetuity beginning in year two. if the test marketing is not successful, kinston can still go ahead and build the new plant, but the expected annual after tax cash flows would be only $200,000 in perpetuity beginning in year two. kinston has the option to stop the project at any time and sell the prototype mountain bike to an overseas competitor for $300,000. the appropriate discount rate for the project is 10%. assuming that kinston has the ability to sell the prototype in year one for $300,000, the npv of the kinston industries mountain bike project is closest to: group of answer choices 75,000 60,000 45,000 90,000
Answers
When a company using a perpetual inventory system returns goods previously purchased on credit, the correct option is: decreases accounts payable and decreases inventory.
What's perpetual inventory systemIn this scenario, the company has initially recorded the purchase of goods on credit, which increases both inventory and accounts payable. When the goods are returned, the company needs to reverse these transactions.
As a result, the inventory is decreased because the returned goods are no longer part of the company's available stock. Simultaneously, the accounts payable are decreased because the company's obligation to pay for the returned goods is removed.
Thus, the overall effect of returning goods purchased on credit in a perpetual inventory system is a decrease in both inventory and accounts payable.
Learn more about perpetual inventory system at
https://brainly.com/question/28168010
#SPJ11
Describe one accountability issue of a business
Answers
Answer:
Accountability in the workplace is about employees taking responsibility and ownership for their decisions, actions, performance and behaviour. Accountability in the workplace is also about building trust and staying committed to doing the right thing for the business consistently.
4/ "People 3. How can you are attracted to the poultry farming these days" Explain with practical examples.people are attracted to the poultry farming these days explain with particle example
Answers
we can attracted to the poultry farming these days by saying eveyone to involve in this work and be excited
first come first serve
Answers
Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
What are the phases of Design Thinking and discuss its importance
Answers
Answer:
Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.
Explanation:
Answer: Design thinking is a non-linear, iterative process that teams use to understand users, challenge assumptions, redefine problems and create innovative solutions to prototype and test. Involving five phases—Empathize, Define, Ideate, Prototype and Test—it is most useful to tackle problems that are ill-defined or unknown.
Explanation:
T/F. The primary job of partners in a consulting firm is to manage consulting engagements.
Answers
The primary job of partners in a consulting firm is to manage consulting engagements. A consulting firm is a company that provides expert advice to a specific group of individuals or businesses. The statement is True.
A consulting firm, at its most basic level, is a professional services firm that is responsible for providing advisory services to clients. A consulting firm typically has a team of consultants who are responsible for providing advice to clients on a variety of topics including management, strategy, finance, and more. Partners in Consulting Firm- Partners are at the top of the consulting firm's hierarchy.
They are responsible for managing consulting engagements. Partners are the most senior and experienced members of a consulting company who are responsible for leading projects and overseeing teams of consultants. They are responsible for establishing and maintaining relationships with clients, as well as managing project delivery and ensuring that their clients' needs are met.
To know more about Consulting Firm visit:
https://brainly.com/question/28319210
#SPJ11
A marketing strategy to increase sales of current products in current markets is referred to as.
Answers
A marketing strategy to increase sales of current products in current markets is referred to as Market Penetration.
What is Market penetration?A product or service's market penetration is a measurement of how much of the predicted total market for that product or service is actually being used by customers.The development of tactics used to enhance the market share of a specific good or service can also make use of market penetration.A successful market penetration is what?Between 2 and 6 percent is thought to be the range for a market penetration rate for consumer goods that is above average.Between 10% and 40% is a decent penetration rate for business items.Some brands find it useful to determine market penetration after each ad and marketing campaign, while others find it useful to do so every three months.Learn more Market penetration here:
https://brainly.com/question/15244132
#SPJ4
true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answers
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
To learn more about this visit: https://brainly.com/question/14439359
How can I use restorative practices to address and repair harm that I’ve caused, harm done to me, and/or harm done to others by someone other than myself?
This is for bullying
Answers
Restorative practices are helpful when a person want to heal oneself from the trauma that is caused by others or by themselves by practicing peaceful mind techniques.
Many peaceful techniques include self introspection and deep knowledge of practices combined together that will ultimately lead to easy and lead to spiritual environment.
Restore practices have a great impact on ones life by someone or spiritual healer that help one to revamp and stop trying to choke oneself. This provide guarantee to heal from past and its experiences.
To learn more about peaceful techniques here,
https://brainly.com/question/7769163
#SPJ1
Spiderman offered, in writing, to sell Black Widow a piece of land for $200,000. Spiderman signed the offer and wrote that it was contingent on Black Widow accepting within 10 days. On day five, Spiderman received and accepted a better offer from Captain America and transferred the land to Captain America on that day. Black Widow, who didn’t know about the sale to Captain America, called Spiderman on day seven and accepted his offer. Spiderman told Black Widow it was too late, that he got a better offer from Captain America, and that Captain America now owned the land. Black Widow sues Spiderman for breach of contract. Judgment for whom? Choose the best answer.
1.Judgment for Black Widow, because Spiderman’s offer was irrevocable for ten days, and Black Widow accepted on the seventh day
2.Judgment for Spiderman, because her offer was revocable
3.Judgment for Black Widow, because Spiderman’s offer was in writing
4.Judgment for Spiderman, because even if Spiderman is liable to Black Widow, there’s no other legal remedy for this situation because Captain America now owns the land
Answers
The judgment would be for Black Widow. Here’s why:
Spiderman offered to sell Black Widow a piece of land for $200,000 and signed the offer.
The offer was contingent on Black Widow accepting within 10 days.
On day five, Spiderman received and accepted a better offer from Captain America and transferred the land to Captain America on that day.
Black Widow called Spiderman on day seven and accepted his offer.
Spiderman told Black Widow it was too late and that he got a better offer from Captain America.
However, Spiderman had already made an offer to Black Widow that she accepted within the time limit specified in the offer.
Therefore, Spiderman breached the contract with Black Widow by selling the land to Captain America after he had already made an offer to Black Widow that she had accepted within the time limit specified in the offer.
To know more about sell visit
https://brainly.com/question/31932091
#SPJ11
What other cost categories are not reflected in the budget above? And how much do you estimate they will cost
you per month?
Answers
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
The other cost categories that are not reflected in the budget above are the following.
Monthly internet subscription, recreational center, laundry, school expenses, entertainment, home supplies, and drugstore. (which include, cream, shampoo, soap, toothpaste, etc.)
And how much do you estimate they will cost?
Monthly internet subscription $15
Recreational Center $25
Laundry $30
School expenses $20
Entertainment $100
Home supplies $25
Drugstore (which include, cream, shampoo, soap, toothpaste, etc.) $50
The key here is not only to have a good budget but respect it and follow through. Otherwise, you will have problems at the end of the month trying to make ends meet.
A restaurant chain allows managers to hire and fire servers based on punctuality, performance, and customer-service ratings. ____________________ enables the manager to do this.
Answers
A restaurant chain allows managers to hire and fire servers based on punctuality, performance, and customer-service ratings. Delegation of Authority enables the manager to do this.
A restaurant chain is a collection of eateries with several locations that use the same name and have similar menu items. They can either be separately owned through franchising or owned by the same business.
The division of work and assignment of decision-making authority to a person who answers to a leader or management is referred to as delegation of authority. It is an organizational technique in which management assigns each employee a portion of their own workload.
To learn more about the restaurant chain
https://brainly.com/question/16829340
#SPJ4
Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.
Answers
Answer:
B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.
Explanation:
A company is conducting a cost-benefit analysis for its information system (is) department. in this, the salary of an employee is an example of a(n) ________ cost.
Answers
A company is conducting a cost-benefit analysis for its information system (is) department. In this, the salary of an employee is an example of a fixed cost.
The salary of an employee is an example of a fixed cost.
Why is the salary of an employee an example of a fixed cost?
Fixed costs are costs that remain constant regardless of production levels. The salary of an employee is a fixed cost because it is a cost that remains constant regardless of production levels.
Cost-benefit analysis (CBA) is a method of calculating the cost of an investment or action in terms of its expected benefits. The aim of CBA is to identify the costs and benefits of a project or action, compare them, and determine whether the benefits outweigh the costs.
CBA is used by businesses to assess the feasibility of an investment or action. In the case of the information system (IS) department, a CBA is conducted to determine the cost of implementing the system and its expected benefits. CBA is essential in decision making as it provides a framework for comparing the costs and benefits of different options.
Learn more about cost benefit analysis here:-
https://brainly.com/question/17900209
#SPJ11
To determine elasticity, which question would an economist ask?What portion of the consumers income is required for the purchase?
Answers
To determine the elasticity of demand for a product or service.
Elasticity measures how responsive the demand for a product or service is to changes in the price. In general, the more income a consumer needs to purchase the product or service, the more elastic the demand is.This question helps measure how sensitive the demand for a product or service is to changes in the price. By determining how much of a consumer’s income they need to spend in order to purchase the product or service, economists can determine the elasticity of demand. The more income a consumer needs to purchase the product or service, the more elastic the demand is. This helps economists assess whether a price increase or decrease will cause a significant change in the demand for the product or service.
Learn more about Elasticity measures: https://brainly.com/question/29615048
#SPJ4
B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy. A
Answers
Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
What is an original age?In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.
Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.
Read more about original age
brainly.com/question/26386049
what would be the best leadership strategy for a giver
Answers
Answer:
depends on the situation give me a strategy and ill give you why it would be the best
1.
What plays a role in supply and demand by influencing consumers to seek out particular brands or markets?
labor
integration
elasticity
advertising
Answers
Answer:
Advertising its part if marketing and brands
During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its stockholders. Based on this information alone, which of the following statements is not true?
a. Net income amounted to $350.
b. Total assets increased by $200.
c. Cash inflow from operating activities was $350.
d. Cash inflow from operating activities was $200.
Answers
Answer:d--Cash inflow from operating activities was $200
Explanation:
Net income= Cash Revenue -Cash Expenses
$1950 - $,1600 = $350
Total assets increase= Cash Revenue -Cash Expenses -Dividends
1950-1600 -150= $200
Cash inflow from operating activities=Cash Revenue -Cash Expenses
$1950 - $,1600 = $350
therefore the statement that is not true = d--Cash inflow from operating activities was $200
Jobs sights on the internet tend to be all alike. True or false?
Please help I’ll give Brainly to the best answer thanks!
Answers
Answer: True
Explanation:
The WTO has a __________________ that rules on trade disputes, giving the WTO an enforcement mechanism, something the GATT did not have.
Answers
The WTO has a Dispute Settlement Body (DSB) that rules on trade disputes, giving the WTO an enforcement mechanism, something the GATT (General Agreement on Tariffs and Trade) did not have.
The Dispute Settlement Body (DSB) is a key component of the World Trade Organization (WTO) and serves as the forum for resolving trade disputes among member countries.
It is an enforcement mechanism that was introduced by the WTO, and it has a formalized process for settling disputes based on established rules and procedures. The DSB plays a crucial role in maintaining the rules-based international trading system by providing a forum for member countries to resolve trade disputes in a fair and transparent manner.
To know more about Dispute Settlement Body (DSB) refer here:-
https://brainly.com/question/2114828#
#SPJ11
Promotional discounts are given to stores by manufacturers to place their products in preferred locations in the store and to display their products in a ski manufacturer sells a local ski shop 35 pairs of their new store window: skis for $7000, which is a discount of $2,625. What is the percentage of the discount given to the store? (Round your answer to the nearest whole percent.)
Answers
Answer:
27%
Explanation:
The ski was sold for $7,000 which has a discount of $2,625.
the price before discount is
= $7,000 + $2,625.
=$9,625
the discount as a percentage
=$2,625 / $9,625 x 100
=0.272727 x 100
=27.27%
=27%
write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answers
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
what are some of the steps a business follows in preparing a monthly bank reconciliation
Answers
Steps for preparing a monthly bank reconciliation include obtaining the bank statement, comparing transactions, adjusting for outstanding items, finalizing the reconciliation, and investigating discrepancies.
How business ensure that their financial records accurately reflect the transactions processed by their bank?Preparing a monthly bank reconciliation is an essential task for any business to ensure that their financial records accurately reflect the transactions processed by their bank. Here are the steps typically followed in preparing a monthly bank reconciliation:
Obtain the bank statement: The first step is to obtain the bank statement for the relevant month from the bank. This statement will contain a record of all the transactions that have been processed by the bank during that period.Compare deposits: Compare the deposits listed on the bank statement with the deposits in the company's own accounting records. Look for any discrepancies, such as deposits that are missing from the bank statement or deposits that are listed on the bank statement but not in the company's accounting records.Compare checks: Compare the checks listed on the bank statement with the checks in the company's accounting records. Look for any discrepancies, such as checks that are missing from the bank statement or checks that are listed on the bank statement but not in the company's accounting records.Reconcile other transactions: In addition to deposits and checks, there may be other transactions listed on the bank statement, such as electronic funds transfers or bank fees. These should also be reconciled with the company's accounting records.Adjust for outstanding items: After comparing all transactions, there may be outstanding items that have not yet cleared the bank. These may include checks that have not yet been cashed or deposits that have not yet been processed. These outstanding items should be adjusted for in the bank reconciliation.Finalize the reconciliation: Once all transactions have been compared and any necessary adjustments have been made, the bank reconciliation is finalized. This will result in a reconciliation statement that shows the adjusted bank balance, the adjusted company balance, and any reconciling items that were necessary to make the two balances agree.Investigate discrepancies: If there are any significant discrepancies between the bank statement and the company's accounting records, they should be investigated to determine the cause of the discrepancy and to ensure that all transactions have been properly recorded.By following these steps, a business can ensure that their financial records accurately reflect the transactions processed by their bank, and can identify and resolve any discrepancies that may exist.
Learn more about bank reconciliation
brainly.com/question/29097188
#SPJ11