Dale Nagel, Keith White, and Dan Neal have capital balances of $95,000, $75,000, and Record withdrawal of partner $60,000, respectively . They share income or less on a 43.2 basis. Assume White withdraws from (505) AP the partnership on September 30 of the current year under each of the following independent as sumptions 1. White is paid $85,000 cash from partnership assets 2. White is paid $69,000 cash from partnership assets, Instructions Journalize the withdrawal of White under each of the above assumptions

Answers

Answer 1

White's withdrawal: White's withdrawal from the partnership is journalized as a debit to White's capital account for $85,000 and a credit to the partnership assets account for $85,000.

White's withdrawal: White's withdrawal from the partnership is journalized as a debit to White's capital account for $69,000 and a credit to the partnership assets account for $69,000.

In assumption 1, White's withdrawal of $85,000 is recorded by reducing his capital account by $85,000, representing his share of the partnership assets. The partnership assets are also reduced by the same amount.

In assumption 2, White's withdrawal of $69,000 is recorded in the same manner as in assumption 1, with a debit to White's capital account for $69,000 and a credit to the partnership assets account for $69,000.

These journal entries reflect the withdrawal of White from the partnership and the corresponding adjustments to the capital accounts and partnership assets.

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Related Questions

Explain traditional, local and surplus production

Answers

Who know and who cares I’m doing this cause I have type something on this app

eva, like ________, charges managers for the cost of the investment in long term assets and working capital.

Answers

Economic Value Added (EVA) is a financial metric that measures a company's profitability and efficiency in utilizing its capital.

Like the concept of Return on Investment (ROI), EVA charges managers for the cost of long-term assets and working capital. This means both metrics hold managers accountable for the investment decisions they make and the efficient use of resources. By charging managers for the cost of capital, EVA and ROI encourage prudent investment decisions and efficient use of assets to generate shareholder value. Both metrics provide a holistic view of a company's performance and are helpful tools for management evaluation and decision-making.

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Eoq is used in a(n) ________ inventory system. group of answer choices
a. periodic
b. continuous
c. optimal
d. economic

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Economic Order Quantity is used in a continuous inventory system.

The ideal order quantity for a company to purchase in order to minimize inventory costs like shortage costs, holding costs, and order costs is known as the economic order quantity (EOQ). Ford W. Harris created this production-scheduling model in 1913, and it has been refined over time. The formula assumes constant ordering, demand, and holding costs.

The economic order quantity (EOQ) is a business's optimal order quantity for minimizing total costs associated with receiving, ordering, and holding inventory of goods.

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Think about the effects of building condominiums in the rain forest. While activists in the United States have worked hard to fight those large corporations that are willing to sacrifice the environment for financial gain, natives of the rain forest do not have the means to engage in such battles.
Should powerful U.S. firms consider the potential moral ramifications of their international capital budgeting projects when seeking to invest in poorer countries? Support your views with appropriate arguments citing relevant references where possible.

Answers

Yes, powerful U.S. firms should consider the potential moral ramifications of their international capital budgeting projects when seeking to invest in poorer countries as these firms have a social responsibility to consider the impact of their actions on the environment and local communities.

One of the main reasons why U.S. firms should consider the potential moral ramifications of their international capital budgeting projects is the impact on the environment. Building condominiums in the rain forest can have a negative impact on the ecosystem, leading to loss of biodiversity, deforestation, and climate change. This can have far-reaching consequences, not just for the local environment, but for the global climate as well.

Another reason why U.S. firms should consider the potential moral ramifications of their international capital budgeting projects is the impact on local communities. The construction of condominiums in the rain forest can lead to displacement of local communities and loss of their livelihoods. This can have a negative impact on the local economy and exacerbate poverty in the region.

In conclusion, powerful U.S. firms should consider the potential moral ramifications of their international capital budgeting projects when seeking to invest in poorer countries. This is because these firms have a social responsibility to consider the impact of their actions on the environment and local communities. By taking into account the potential moral ramifications of their actions, U.S. firms can ensure that their investments are sustainable and beneficial for all stakeholders.

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Yeet TAKE IT ALL SEA URCHINS

Answers

poooppppppppppppppppp

Answer:

thanks i guess?

Explanation:

Employees usually do not reflect much concerning a decision to quit; rather, quitting is in response to immediate events. True or False?

Answers

False. While it is true that quitting a job is often a response to immediate events, employees usually do not make the decision to quit without considering a variety of factors.

What is the employee turnover ?Employee turnover refers to the rate at which employees leave an organization and are replaced by new hires. It is typically expressed as a percentage of the total number of employees in the organization.Employees typically weigh the pros and cons of quitting a job and consider their long-term career goals and financial stability before making a decision to leave. They may also consider the opportunities and challenges that a new job might bring and the potential impact on their personal and professional lives. High employee turnover can be a sign of low job satisfaction, poor management, or other issues within the organization. It can also be costly, as hiring and training new employees can be time-consuming and expensive.

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Imagine that you are working at a clothing or grocery store, and answer the questions below about inventory and merchandising for the store.

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Answer:

B. To help determine how much inventory to keep in stock of each item in the outlet, I would consider two factors. The first one is the certain amount of each item type in the first week - determining the number of each items input in the stock to be the original data to compare. The second is the number of items sold and still on stock. This would help determine invetory to keep in stock.

B. If I was running a store, I would prefer to use the pick up at store buying method. There would be cashier at the register to check the products and bills as well as receive money from the customers. This is the traditional and still always the most common methods. As the fact that people nowadays still like shopping in physical store, this is definitely the most effective method.

C. The inventory control method I would use when operating a store is to adopt modern technology like bar code to control the inventory stock. By using this technology, I would need to consider the bar code for each type and establishing software to automatically input the information about the number of items sold and in stock. With inputting the number of total items at the beginning and giving each item its corresponding bar code, the sales or number of stock would be tracked by the software.

D. An example of two commodities to be displayed together at store is pencil and rubber. Pencil and rubber undoubtedly are complementary products of each other. Complementary products are made to be used together. Each item requires the other for their complete uses. This is also the case of Rubber and Pencil and each item would not be fully used without the presence of the other.

Explanation:

Which production factor involves the use of plant and equipment?

a. natural resources
b. capital
c. labor
d. management

Answers

b. Using machinery and equipment is a part of the capital production component.

Why is capital formation crucial?

When economists talk about capital, they're talking about the tangible tools, buildings, and machinery that enable higher job productivity. One of the four main production variables, along with land, labor, and entrepreneurship, is capital.

Hammers, tractors, assembly lines, conveyor belts, computers, trucks, and railroads are typical instances of capital. Financial capital, which consists of the debt and equity accumulated by firms to operate and grow, is separated from economic capital.

In contrast to land or labor, capital is artificial; it needs to be made by human hands and built with human goals in mind. This suggests that investment in time is necessary before capital can be put to use efficiently. For instance, the fisherman who makes their own rod must first take time away from other tasks to do so.

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true or false? a market-share pricing objective is often used when a firm needs to reach an economy-of-scale point.

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A market-share pricing objective is often used when a firm needs to reach an economy-of-scale point.

The above statement is true

What do you mean by market-share pricing objective?

Sales-oriented pricing goals try to increase sales or market share. A volume growth is assessed in relation to a company's own sales across particular time frames. A company's market share compares its revenues to those of other businesses in the same sector.For every business, the goal of pricing is to establish a price that is fair to both consumers and the producer in order for both to thrive in the market.The goal of a marketing plan is to have a clear path to follow in order to acquire new clients, improve connections with existing clients and consumers, boost sales, increase retention, and raise brand awareness.

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Treasury notes and bonds. Use the information in the following table: . Assume a $100,000 par value. What is the yield to maturity of the August 2003 Treasury bond with semiannual payment? Compare the yield to maturity and the current yield. How do you explain this relationship? What is the yield to maturity of the August 2003 Treasury bond? | % (Round to three decimal places.) Compare the yield to maturity and the current yield. How do you explain this relationship? If a bond sells at a discount, the yield to maturity is greater than the current yield. There is no certain relationship between the yield to maturity and the current yield. If a bond sells at a premium, the yield to maturity is greater than the current yield. If a bond sells for its par value, the yield to maturity is greater than the current yield. Х Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Today is February 15, 2008 Price (per Issue Type $100 par Date value) Bond Aug 2003 84.51 Coupon Rate Maturity Date YTM Current Yield Rating 4 .25% 8-15-2013 - 5.029% AAA Print Done

Answers

The yield to maturity of the August 2003 Treasury bond is 5.029%. The relationship between the yield to maturity and the current yield depends on whether the bond is selling at a discount, premium, or its par value.

The yield to maturity is the total return anticipated on a bond if held until its maturity date, taking into account the bond's price, coupon payments, and time to maturity. In this case, the yield to maturity of the August 2003 Treasury bond is given as 5.029%.

The current yield, which is not provided in the information, is the annual interest payment (coupon) divided by the current market price of the bond. It represents the bond's yield based on its current market price. Without the current yield information, we cannot compare it directly to the yield to maturity in this specific case.

However, generally, the relationship between the yield to maturity and the current yield depends on the bond's price relative to its par value. If a bond sells at a discount (below its par value), the yield to maturity will be greater than the current yield. This is because the bond's coupon payments provide a higher percentage return relative to its lower market price. If a bond sells at a premium (above its par value), the yield to maturity will be lower than the current yield since the bond's coupon payments provide a lower percentage return relative to its higher market price. If a bond sells for its par value, the yield to maturity will be equal to the current yield.

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________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. ________________ is used during the early stages of the product life cycle. Because the product is new, the focus is on explaining the benefits of the product class, and not on promoting the specific brand. Company advertising Institutional advertising Pioneering advertising Advocacy advertising

Answers

Answer:

Pioneering Advertising

Explanation:

Pioneering advertising is the advertising campaign of the new product that should compete the single product by having a developed market place. The motive of this type of advertising is that to inform the consumers with respect to the arrival of the new innovation in the product along with the description of its benefits

So according to the given situation it represents the pioneering advertising

similarity between government office and professional office​

Answers

Answer:

They both have appointed leaders and members.

Answer:

Both are systematic organizations. They both have appointed leaders and members. one that a lot of people don't think of would be how Both industries place a strong emphasis on customer service. The client of a private corporation is someone who has consented to pay for their services, whereas the customer of the public sector is the residents of the country.

why should we respect the life and culture of all people living in the country ?​

Answers

Explanation:

Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.

Which of the following is NOT a type of decision described in the segment?
Contingent decision
"Why" decision
"Whether" decision
"Which" decision Thing

Answers

Among the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made

What is decision-making?

Decisions making are choices that are made among different choices that are placed before an individual.

Some of the decision styles that are crucial to an individual or business include:

DirectiveAnalytical ConceptualBehavioral

Among the listed decisions, contingent decisions are not a type of decisions described in the segment since they are decisions already made but on hold pending the occurrence of a certain event or occurrence.

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-. Describe the four factors of production. How have the owners of Finagle A Bagel used them to
build the business over time?

Answers

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

a worker chooses to continue drawing disability benefits even though he or she is capable of returning to work. what is the term for this conduct

Answers

The term for a worker choosing to continue drawing disability benefits even though he or she is capable of returning to work is called disability fraud.

Disability fraud is a type of fraudulent activity where an individual misrepresents their medical condition or ability to work in order to receive disability benefits they are not entitled to.

Disability fraud can take various forms, including exaggerating or falsifying medical symptoms, failing to report income earned through work or other sources, or continuing to collect benefits after returning to work or becoming capable of working again.

This type of conduct is considered fraudulent because it involves intentionally deceiving government agencies or insurance companies in order to receive benefits that the individual is not entitled to.

Disability fraud not only takes resources away from those who truly need them, but it also harms taxpayers and can lead to higher insurance premiums for employers.

Overall, disability fraud is a serious offense that can result in legal consequences and penalties, including fines and imprisonment.

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A(n) ___________ is a quantifiable measure used to track, monitor, and assess the success or failure of a business practice?
Select one:
a. Choice
b. Metric
c. Number
d. Objective
e. Tactic

Answers

It provides a standardized way of measuring and evaluating various aspects of a business's performance. Metrics can be financial or non-financial and are typically aligned with specific objectives or goals.

By using metrics, businesses can gather data and analyze their performance in key areas such as sales, customer satisfaction, production efficiency, marketing effectiveness, and financial profitability. These metrics enable businesses to make informed decisions, identify areas for improvement, and track progress over time. They serve as valuable tools for evaluating the effectiveness of business strategies and identifying opportunities for growth and optimization. It provides a standardized way of measuring and evaluating various aspects of a business's performance.

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Why is it a good idea to be organized in the workplace?

Answers

It is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.

What is workplace?

A workplace is described as a place where an employee or a manager carries out projects, tasks, and jobs. It is important to mention that workplaces are the areas that are located inside a building or can be outside an office building.

An organized workplace means that everything in the workplace is kept in its respective places, and everything is very neat and clean. Such an organized workplace will allow the managers and the employees to focus entirely on the work and be more productive and efficient.

It can be concluded that it is a good idea to be organized in a workplace because an organized workplace will facilitate increased productivity and increased efficiency.

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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

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using data to demonstrate the connections between implemented hr practices and agency performance is

Answers

Using data to demonstrate connections between implemented HR practices and agency performance is referred to as "HR analytics".

The HR analytics involves collecting, analyzing, and interpreting data related to HR practices, employee behavior, and organizational performance to gain insights and make data-driven decisions.

By examining the data, organizations can identify correlations, trends, and patterns that help establish the impact of specific HR practices on agency performance.

This approach enables organizations to measure the effectiveness of their HR strategies, identify areas for improvement, and make informed decisions to optimize HR practices and ultimately enhance agency performance.

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The given question is incomplete, the complete question is

Using data to demonstrate the connections between implemented hr practices and agency performance is called as ?

To examine
the weekly payroll of all employees, one would look at the:

Answers

To examine the weekly payroll of all employees, one would look at the: d. payroll register.

What is the payroll register?

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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With specific reference to the case study, describe some of the soft skills needed at university and in the workplace

Answers

Answer:

Soft skills are personal qualities and attributes that are not related to specific knowledge or technical skills, but rather to the way a person interacts with others and approaches tasks and challenges. Some examples of common soft skills that may be important at university and in the workplace include:

Communication skills: The ability to express oneself clearly and effectively, both in written and oral form, is important at university and in the workplace. This includes being able to listen actively and understand others' perspectives, as well as being able to articulate one's own ideas and opinions.

Collaboration skills: The ability to work well with others is important in both educational and professional settings. This includes being able to contribute effectively to group projects and discussions, as well as being able to resolve conflicts and negotiate solutions with others.

Problem-solving skills: The ability to think critically and creatively, and to come up with effective solutions to problems, is important in both academic and professional contexts. This includes being able to identify and analyze problems, generate and evaluate potential solutions, and implement and follow through on the chosen solution.

Time management skills: The ability to manage one's time effectively is important in both academic and professional settings. This includes being able to prioritize tasks, set and meet deadlines, and manage workload effectively.

Interpersonal skills: The ability to build and maintain positive relationships with others is important in both educational and professional contexts. This includes being able to work well with a diverse range of people, being able to empathize with others, and being able to handle difficult situations and conflicts in a professional manner.

when a client uses paper stock certificates, an auditor is most likely to trace treasury stock purchase transactions to the:

Answers

When a client uses paper stock certificates, an auditor is most likely to trace treasury stock purchase transactions to the: Numbered stock certificates on hand.

It needs to be noted as a decrease in stockholders' equity (i.e., as a contra-equity account). Treasury stock should not be included in the average common shares outstanding for basic and diluted earnings per share since it is not counted as outstanding for share count purposes.

to confirm that the organization's treasury department is equipped with the proper access controls. to confirm that the organization has protected the data and documents connected to treasury operations. to certify that all transactions have been accurately documented in the entity's books of accounts.

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Work Breakdown Structure is a useful tool in project management because it addresses the timing of individual work elements.

a. True
b. False

Answers

Because it takes into account the scheduling of different task pieces, the work breakdown structure is a helpful tool in project management. This assertion is untrue.

Why is WBS a crucial project management tool?

Task allocation is aided by WBS. It is much simpler to delegate tasks or packages to the right person when a project is divided into manageable parts. This aids your team in making plans for tasks that must be accomplished in addition to the job at hand.

What is the WBS's primary purpose?

In order to comprehend the work that needs to be done in order to successfully generate a deliverable, projects, programs, and even initiatives might employ a work breakdown structure (WBS).

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How does a change in Expectations cause a change in supply?

Answers

A change in the number of sellers in an industry changes the quantity available at each price and thus changes supply. An increase in the number of sellers supplying a good or service shifts the supply curve to the right; a reduction in the number of sellers shifts the supply curve to the left.

Critically explain the importance of dividends and the clientele effect of dividend policy, which can affect the type of investors in the company.

Answers

The importance of dividends lies in their ability to signal financial health, provide income, and attract specific types of investors. The clientele effect further highlights how dividend policies can shape the investor base, catering to income-oriented or growth-focused investors.

* Importance of dividends: Dividends play a crucial role in signaling a company's financial health and providing a regular income for investors. They serve as a signal of stability and profitability, attracting investors seeking stable income. Dividends provide a tangible return on investment and are especially important for income-focused investors, such as retirees.

* Clientele effect of dividend policy: The clientele effect refers to the phenomenon where different types of investors are attracted to companies based on their dividend policies. Some investors prefer high-dividend-yielding stocks and prioritize regular income, while others prioritize capital appreciation. A company's dividend policy can influence the composition of its shareholder base by attracting investors who align with its dividend objectives.

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goods taken by the proprietor for domestic purpose of Rs.15000​
Journal entries
plz help me

Answers

Explanation:

Given:

Amount of goods taken by proprietor = Rs. 15,000

Find:

Journal entry

Computation:

                                Books of (.... ltd)

Journal entry

Particular                                                 Debit    Credit

Drawing                        A/c Dr             15,000

To Purchase                 A/c Cr                            15,000

(Being goods taken by proprietor for personal use)

What can you get with a 750 credit score?

Answers

With a 750 score, you'll have access to credit cards with some of the best perks. These include no annual fees, sign-up bonuses and travel rewards. You'll probably also qualify for higher credit limits, giving you more options for spending throughout every month.

What is credit?Credit is the customer's ability to purchase products or services before making a payment, based on the expectation that they will have the means to pay for them in the future.Credit is a sum received that is displayed on the right side or column of an account in an entry recording for accounts.Your financial strength contributes to the credit. With the knowledge that you may make payments later, you can obtain what you need right away, like a credit card or a car loan. Making a plan to improve your mortgage ensures that you will ask for credit if necessary.The many financial reporting agencies that the borrowers use to determine the worth of the loan use your statement as the foundation to calculate your credit score.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

As a huge math fan, you think it would be fun to have a prime number of partners in your business (including yourself) and at least 3 partners. If every partner gets one vote on major decisions, can a vote ever end in a tie (2-way, 3-way, 4-way, etc.)?

Answers

It would be fun to have a prime number of partners in your business and at least 3 partners. So, if every partner gets one vote on major decisions, a vote can end in a tie.

Prime numbers are considered to be the numbers which are greater than 1. They only have two factors, 1 and the number itself. So which means that these numbers cannot be divided by any number other than 1.

Suppose, you have a prime number of partners in your business with at least 3 partners, and if every partner gets one vote on major decisions, a vote can end in a tie. Prime numbers are used for a number of reasons.

Hence, prime numbers are natural numbers which are divisible by only 1 including the number itself.

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