The appropriate journal entries to record this liquidation case would be to debit Ali's capital account for $30,000 and credit the partnership's allowance for doubtful accounts for $30,000.
In a partnership liquidation, the partners' capital accounts need to be adjusted to reflect the final distribution of cash to the partners. In this case, Ali is unable to pay the amount he owes the partnership, resulting in a loss for the partnership.
To record this liquidation case correctly, two journal entries can be made:
Debit Ali's capital account for $30,000: This entry reduces Ali's capital account by the amount he owes to the partnership. The debit entry signifies a decrease in Ali's capital balance.
Credit the partnership's allowance for doubtful accounts for $30,000: This entry establishes an allowance to account for the loss from Ali's inability to pay. The credit entry represents an increase in the allowance account.
By debiting Ali's capital account, his portion of the partnership's loss is recognized. The credit to the allowance for doubtful accounts reflects the expected loss from Ali's non-payment.
It's important to note that this entry assumes the partnership had previously established an allowance for doubtful accounts or a similar reserve to account for potential losses. If such an account does not exist, an alternative approach would be to debit the partnership's loss account and credit Ali's capital account.
The liquidation process involves further journal entries to distribute the remaining cash to the partners and close out their capital accounts. However, the given information does not specify the final distribution and the treatment of any remaining assets or liabilities.
Therefore, the above journal entries address only the specific case of Ali's inability to pay his debt to the partnership.
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A typing instructor builds a regression model to investigate what factors determine typing speed for students with two months of instruction. Her regression equation looks like: Y' = 11 + 7x1 + 5x2 + 3x3 where: Y' = typing speed in words per minute; x1= hours of instruction per week; x2= hours of practice per week; x3 = hours of typing per week necessary for school or work;
Answer:
The range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].
Explanation:
The compete question is:
A new student is taking 2 hrs of typing instruction per week, will practice 5 hrs per week and must type 2.5 hours per week for work. If the standard error of the estimate is 4, within what range do we have a 95.45% probability that that student's typing speed will be in two months?
Solution:
The regression equation formed by the typing instructor to investigate what factors determine typing speed for students with two months of instruction is as follows:
\(Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}\)
Here,
Y' = typing speed in words per minute
x₁ = hours of instruction per week
x₂ = hours of practice per week
x₃ = hours of typing per week necessary for school or work
Compute the value of Y' for the given values of x₁, x₂ and x₃ as follows:
\(Y' = 11 + 7x_{1} + 5x_{2} + 3x_{3}\)
\(=11+(7\times 2)+(5\times 5)+(3\times 2.5)\\=11+14+25+7.5\\=57.5\)
So, the typing speed of this student in words per minute is 57.5.
The range providing the (1 - α)% prediction interval for values of Y' is:
\(Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE]\)
Since the data selected is for 2 months the sample size is too large.
The critical value of t is 2.
Compute the range as follows:
\(Y=[Y'\pm t_{\alpha/2, (n-2)}\times SE]\)
\(=[57.5\pm 2\times 4]\\\\=[57.5\pm 8]\\\\=[49.5, 65.5]\)
Thus, the range that has a 95.45% probability that that student's typing speed will be in two months is [49.5, 65.5].
The theory of _____ in which countries specialize in goods that have a lower opportunity cost, is citied by supporters of free trade
Answer:
comparative advantage
in a new margin account, a customer sells short 1,000 shares of abc at $15 per share and makes the required regulation t deposit. if the stock drops to $12 per share, what is the equity in the account?
in a new margin account, a customer sells short 1,000 shares of abc at $15 per share and makes the required regulation t deposit. if the stock drops to $12 per share, The equity in the account is $3,000.
Equity is not accounted for as either an asset or a liability on a company's financial accounts. Liabilities are subtracted from assets to get at fairness. On the stability sheet of an agency, equity is considered.
Earnings from inventory dividends are referred to as "fairness profits." A dividend, which is often paid from a corporation's net income, is essentially a reward given to shareholders for their investment in the company.
Equity is also known as capital and shareholders fairness, or internet genuine worth. This equity will turn into a valuable asset since a homeowner can borrow against it if necessary. It can be determined by subtracting all liabilities from the total cost of an asset: ((equity = assets – Liabilities).
If the market value falls to $12,000,
equity= $15,000 -$12,000 = $3,000.
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APR is typically higher than the interest rate because
*
1 point
APR is only associated with smaller loans
the interest rate only factors in the principle
interest rate is a better picture of the coast as a whole
APR includes fees and other costs
Answer:mk
Explanation:km
How is compound interest different from simple interest?
a
Compound interest is when interest is paid on the principal amount only. Simple interest is when interest is paid on the principal amount and on the interest already earned.
b
The money earned from simple interest can only be accessed after 1 year, while you can access the money earned from compound interest at any time.
c
The money earned from compound interest is placed into a separate account, while the money earned from simple interest stays within the same account.
d
Simple interest is when interest is paid on the principal amount only. Compound interest is when interest is paid on the principal amount and on the interest already earned.
Answer:
Simple interest is when interest is paid on the principal amount only. Compound interest is when interest is paid on the principal amount and on the interest already earned.
Explanation:
Compounding interest refers to adding the interest earned to the principal amount at the end of a financial period. The interest gained becomes part of the principal amount for the following financial period. It means the principal amount increases every year, which results in increased interest earnings.
Simple interest is the interest earned from the principal amount only. If no more deposits are made, then the principal amount will remain the same, and the interest earned will be constant.
Besides the full scale, the number of basic scales used in dimensioning plans and drawings is _______.
Answer:
10.
Explanation:
In Engineering, it is a standard and common practice to use drawings and models in the design and development of buildings, tools or systems that are being used for proffering solutions to specific problems in different fields such as banks, medicine, telecommunications and industries.
Hence, an architect or design engineer make use of drawings such as pictorial drawings, sketches, or architectural (technical) drawing to communicate ideas about a plan (design) to others, record and retain informations (ideas) so that they're not forgotten and analyze how different components of a plan (design) work together.
Architectural drawing is mainly implemented with computer-aided design (CAD) software and it's typically used in plans and blueprints that illustrates how to construct a building or an object.
Besides the full scale, the number of basic scales used in dimensioning plans and drawings is 10.
if you are filing single using the standard deduction of $12,500 and have no adjustments, itemized deductions, or tax credits.
If you are filing single using the $12,500 standard deduction and have no adjustments, itemized deductions or tax credits, your annual taxable income will be determined by subtracting the $12,500 standard deduction from your total income.
What would your tax rate look like?Assuming your total annual income is $40,000, your taxable income will be your total income minus the standard deduction, in which case it would be:
$40,000 - $12,500 = $27,500.Therefore, despite the calculation, your annual tax rate will be directly influenced by the tax ranges defined by the government in that period.
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Using the IS‐LM‐BP framework/graph(s), discuss the effectiveness
of a decrease in investment under a floating exchange rate system
and an incrase in government spending
Decrease in investment under a floating exchange rate system:
A decrease in investment leads to a leftward shift of the investment component in the IS curve.
results in a decrease in output (Y) and a decrease in the interest rate (r). In a floating exchange rate system, the decrease in investment does not directly affect the exchange rate (ER).
The decrease in output and interest rates lowers the demand for money, shifting the LM curve to the left. This leads to a decrease in the interest rate and a depreciation of the currency. The depreciation of the currency makes exports relatively cheaper and imports relatively more expensive, improving the trade balance. The increase in net exports shifts the BP curve upward.
Overall, the decrease in investment under a floating exchange rate system results in a decrease in output and a depreciation of the currency, leading to an improvement in the trade balance.
Increase in government spending:
An increase in government spending leads to a rightward shift of the government expenditure component in the IS curve. This increases output (Y) and the interest rate (r). In a floating exchange rate system, the increase in government spending does not directly affect the exchange rate (ER).
The increase in output and interest rates raises the demand for money, shifting the LM curve to the right. This leads to an increase in the interest rate and an appreciation of the currency. The appreciation of the currency makes exports relatively more expensive and imports relatively cheaper, negatively impacting the trade balance. The decrease in net exports shifts the BP curve downward.
Overall, the increase in government spending under a floating exchange rate system results in an increase in output and an appreciation of the currency, leading to a deterioration in the trade balance.
In summary, a decrease in investment under a floating exchange rate system tends to improve the trade balance, while an increase in government spending tends to worsen the trade balance. The effectiveness of these policies in achieving their intended outcomes depends on the specific dynamics of the economy and other factors at play.
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Think about an item that you are interested in purchasing. Perhaps it is a new computer, an MP3 player, a new book, or a new bike. Now think of an alternative product that you are also interested in purchasing. Search the web and find out what each of these items costs. Then create your own decision-making grid similar to the one in the previous screen. When you have completed your grid, explain in at least one well-developed paragraph which item you have chosen to buy and why. Submit both your grid and your paragraph for grading.
Answer:
I have no idea tbh......
TRUE / FALSE.
the pulmonary circuit is not active in the developing fetus.
The statement "the pulmonary circuit is not active in the developing fetus" is false.
The statement is false. The pulmonary circuit, which refers to the circulation of blood between the heart and the lungs, is indeed active in the developing fetus. However, it functions differently in the fetal stage compared to after birth.
During fetal development, the fetus receives oxygen from the mother's blood through the placenta, bypassing the lungs. The majority of the fetal blood flow is directed away from the lungs through a specialized fetal blood vessel called the ductus arteriosus. This allows oxygenated blood from the placenta to be distributed to the fetus's organs and tissues.
After birth, when the baby takes its first breath, several physiological changes occur. The pulmonary circuit becomes fully functional as the lungs expand, and the ductus arteriosus constricts, redirecting blood flow to the lungs for oxygenation.
This transition from fetal to postnatal circulation is a crucial step in the adaptation of the newborn to independent breathing and survival outside the womb.
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Lexi was on target in terms of her financial plan when her basement flooded due to an intense rainfall. Which type of financial risk derailed Lexi’s plans?
A. income risk
B. interest rate risk
C. personal risk
D. inflation risk
Answer:
C, "Personal risk"
Explanation:
Gradpoint
You noticed a mistake: Your own records do not match the bank statement you just received.
Which option describes the steps you should take to solve this situation? Check all that apply.
You noticed a mistake that own records do not match the bank statement you just received. The steps need to take to solve this situation are:
Check my records first to see if the mistake is mineCall the bank after making sure my records are correctWhy should our bank statement be error free?Having an error-free bank statement is crucial for several reasons. Firstly, it ensures that the financial transactions are accurately recorded and that the balances and transactions reported on the statement are correct. This is important for individuals and businesses to maintain an accurate record of their financial activities, and to identify any discrepancies or fraudulent activities.
Secondly, an error-free bank statement can help to prevent overdrafts, insufficient funds, and other financial penalties that may result from inaccurate or missing transactions. Finally, a correct bank statement provides a clear picture of an individual's financial health and helps in making informed financial decisions.
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go grub’s customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. the drivers have resisted using gps systems, claiming they know their territories, but managers are now encouraging them to look for the best solution to the increased level of customer complaints. go grub is in the ________ stage of lewin’s change model.
Analyzing the information on the issue, it is clear that Go Grub is in the unfreezing stage of Lewin's change model, which corresponds to the first stage of change where persuasive preparation about the needs of change takes place.
To manage the changes that generate adherence to the use of GPS systems at Go Grub, it is necessary for managers to look for methods to demonstrate the advantages of the changes, such as:
Increased speed at work.Improved communication.Greater customer satisfaction.Cost reduction.It is also important to train the employee to reduce insecurity and be honest about how the changes will make the job better, and then proceed with the changing and refreezing, according to Lewin's model.
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Good evening! Did you eat today? Did you drink water today? Did you get outside for some fresh air or even anytime to chill? Did you make sure you are healthy? If you answer no to any of these questions.. please get some to food, water, fresh air or even time to chill. Please take care of yourself! Bye! :)
Answer:
I ate an egg sandwich. I drank some water. I went outside for a short walk.
Explanation:
Thanks for asking :)
T/F; world bank offers low-interest loans to risky customers whose credit rating is often poor.
False. The World Bank does not typically offer low-interest loans to risky customers with poor credit ratings.
Explanation:
The World Bank is a financial institution that provides loans, grants, and technical assistance to developing countries for various development projects. However, the World Bank has strict lending criteria, including the creditworthiness of the borrower. To qualify for a loan from the World Bank, a borrower must have a strong credit rating and a proven track record of responsible borrowing and repayment. The World Bank also requires borrowers to have a viable plan for using the funds and achieving measurable results.
While the World Bank does offer loans at below-market interest rates to eligible borrowers, these loans are not typically available to customers with poor credit ratings or high-risk profiles. Instead, the World Bank focuses on supporting sustainable development projects that have a positive impact on poverty reduction, economic growth, and environmental sustainability. Overall, the World Bank's lending practices are designed to minimize risk and ensure that loans are used effectively to support development outcomes.
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What is the objective of the Joint Project Planning Session?
Question 5 options:
Produce a detailed Project Plan
Produce Conditions of Satisfaction
Produce a Project Overview Statement
Produce Stakeholder Agreements
Which of the following is NOT a situation requiring team operating rules?
Question 16 options:
Conflict resolution
Problem solving
Project Training
Decision making
Mr. John Smith has been appointed as manager of large installation project. In his new role, Mr. Smith is responsible for managing potentially 300 stakeholders. Which of the following would be the BEST course of action for him to take?
Question 25 options:
Gather the needs
Find an effective way to gather the needs of all stakeholders
Contact the CEO and ask which stakeholders are most important
Eliminate some stakeholders
Produce a Project Overview Statement. Project Training. Find an effective way to gather the needs of all stakeholders.
The objective of the Joint Project Planning Session is to produce a Project training. This statement provides a high-level overview of the project, including its goals, scope, deliverables, and key stakeholders. It serves as a concise summary that helps align the project team and stakeholders on the project's direction and objectives. Project Training is not a situation that requires team operating rules. Team operating rules are typically established to guide and regulate team activities in areas such as conflict resolution, problem solving, and decision making. Project training, on the other hand, focuses on equipping team members with the necessary skills and knowledge to effectively perform their roles and contribute to the project's success.
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g suppose there is a breakthrough in chip technology for 5g smartphones. how will the market equilibrium change?
In general, both types of smartphones' equilibrium prices go up, while their equilibrium quantities will fluctuate.
How you can explain equilibrium?
Equilibrium is a state in which market demand and supply are in equilibrium, resulting in stable prices. In general, an oversupply of goods and services leads to falling prices, which leads to an increase in demand, while an undersupply or shortage leads to a rise in prices, which leads to a decrease in demand.
Why equilibrium important?
Equilibrium plays a very important role in the study of chemical reactions and tells us the direction of chemical reactions. Equilibrium helps control the reaction conditions to promote the formation of the desired product. It also helps in calculating the composition of the final reaction mixture.
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Discuss the role of the father in attachment theory
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
In 2017, Blake purchased a new home. In addition to the purchase price of $200,000, he paid $700 in legal fees and $2,000 in recording costs. In 2019, he added a deck at a cost of $5,000. Blake's basis in his home is:
Answer:
$207,700
Explanation:
Blake's basis in his home in 2017 = purchase price + legal and administrative fees = $200,000 + ($700 + $2,000) = $202,700
Since the deck that Blake added to his home is considered an improvement that is permanent and increases the home's value, it will also increase the home's basis = $202,700 + $5,000 = $207,700
Question 2 (1 point)
Huda wants to buy soda. A 12-pack costs $9.50. She knows that with the local sales
tax of $2.00, the total should be $11.50. However, when she gets to the checkout,
the total is now $13.00. Which type of tax is Huda MOST likely paying that would
explain the extra $1.50?
estate
excise
inheritance
O income
Question 3 (1 point)
Answer:
$2:00,o income $ 1:50 huda soda most type that tax 3)1 point )
Who has access to the source code of proprietary software?
Which of the following is a risk banks should prepare for?
A.
Falling interest rates
B.
Borrowers who don't pay back loans
C.
Too many people requesting loans
D.
People switching to online transactions
Borrowers who don't pay back loans.
You're been placed in charge of all promotion for a product that has common appeal in different cultures around the world. You'll most likely engage in a promotion.
Answer:
True
Explanation:
A product that has common appeal in different cultures around the world would indeed require engaging in promotion. Why? Because each culture may have unique consumer behaviors.
For example, a popular product like Coke that has common appeal in different cultures around the world often engages in promotion in order to still keep existing customers and to acquire new ones because of the presence of other competitors.
Strict observance of the established rules is likely to prevent attaining a good outcome
a. True
b. Flase
The statement "strict observance of the established rules is likely to prevent attaining a good outcome." is false because it helps prevent deviance and ensure a good outcome.
Strict observance of established rules is likely to prevent deviance and ensure consistency in results. In many cases, following established rules can help ensure a good outcome.
However, there may be situations where strict adherence to rules may limit creativity or hinder progress. In those cases, it may be necessary to adapt or modify the rules to achieve a good outcome.
Hence the given statement is false.
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Jemimah was having problems with the tight scheduling and timelines given to her for one of her technical writing projects. She was failing to meet deadlines regularly and was unable to adjust to a variety of functional changes in the project. In this type of situation, what skill should Jemimah use to manage time and meet deadlines?
Answer: Strong time management skills.
Explanation:
Time management skills looks at achieving goals in a shorter period of time and making available time for other activities you plan to achieve, it helps you plan your events well void of much stress, gives you focus and meeting up with deadlines.
Jemimah has to work on her time management skills, she has to analyze the project and work out a plan on to meet up before the deadline. She can break the project in bits and set short deadline for her self on each task, in doing so, sh would relieve herself of stress and meet up with the deadline she was given.
which of the following is the proactive reason that prompts firms to expand overseas?
The proactive reason that prompts firms to expand overseas is to reach new markets and customers, increase sales and profits, and gain a competitive advantage in the global market.
What is overseas expansion?Overseas expansion refers to when a company extends its business operations into foreign countries. A company could opt to open a branch office, purchase an existing company, or start a new venture when expanding overseas. Overseas expansion is a proactive measure undertaken by businesses to increase their profits and competitive advantage in the global market.
Proactive reason that prompts firms to expand overseas
A proactive reason that prompts firms to expand overseas is to reach new markets and customers, increase sales and profits, and gain a competitive advantage in the global market.
Overseas expansion allows a firm to enter into new markets and tap into a more diverse customer base that can provide new sources of revenue and profit. It also enables the firm to reduce its dependency on domestic markets and spread its business risk across several international markets.
When a firm expands overseas, it also gains a competitive advantage by being able to operate in multiple markets and learn from the best practices of other firms in different countries.
This helps the company to develop new ideas and products that can be customized to suit the needs of different markets and customers. Hence, overseas expansion is an important proactive measure that enables a firm to grow and succeed in the global market.
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what is a proactive reason for prompts firms to expand overseas?
What is the heat source for the stratosphere? How is that heat absorbed?
The heat source for the stratosphere is primarily ultraviolet (UV) radiation from the sun.
How is that heat absorbed by the stratosphere?The second layer of the Earth's atmosphere, the stratosphere, is situated below the mesosphere and above the troposphere. The stratosphere is a layer of the atmosphere made up of stratified temperature layers, with warm layers of air high in the sky and cool layers of air low in the sky, not far from the Earth's surface.
The Sun's ultraviolet (UV) energy is absorbed by the ozone layer, which causes the temperature to rise with altitude. The troposphere, which is close to the surface of the Earth, has a temperature inversion where the temperature drops with altitude.
Hence, this radiation is absorbed by ozone molecules in the stratosphere, which then release heat energy. This process warms the stratosphere, creating a temperature increase with altitude, which is opposite to the temperature decrease with altitude in the troposphere.
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3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
except media what else can provide job information
Answer:
see below
Explanation:
Other sources of job information are
1. Trade or professional associations
They are organizations formed by professionals in the same career path. Members frequently meet to share information regarding developments in their profession.
2. Family and friends working in different organizations
Close friends and relatives are an important source of information for vacancies existing in different workplaces.
3. Educational institutions
In some cases, employers share information on their available job opportunities with schools and colleges.
4. Career or employment agencies
Employment agencies have updated information on various labor requirements for different employers