max, jones and waters shared profits and losses 20%, 40%, and 40% respectively and their partnership capital balance is $10,000, $30,000 and $50,000 respectively. max has decided to withdraw from the partnership. an appraisal of the business and its property estimates the fair value to be $200,000. land with a book value of $30,000 has a fair value of $45,000. max has agreed to receive $20,000 in exchange for her partnership interest after revaluation. at what amount should land be recorded on the partnership books?
Answers
The land should be recorded on the partnership books at a value of $41,000 after revaluation.
In order to determine the amount at which the land should be recorded on the partnership books after revaluation, we need to consider the changes in the partnership capital accounts and the fair value of the land. First, let's calculate the total capital balance of the partnership before Max's withdrawal. The total capital balance is the sum of the individual capital balances, which is $10,000 + $30,000 + $50,000 = $90,000.
Since Max's share in the partnership is 20%, her capital balance represents 20% of the total capital balance. Therefore, Max's capital balance is $90,000 * 0.20 = $18,000. Now, let's calculate the revaluation gain. The fair value of the partnership, including the property, is $200,000. Subtracting the total capital balance ($90,000) from the fair value gives us a revaluation gain of $200,000 - $90,000 = $110,000.
Next, we need to allocate the revaluation gain among the partners. Jones and Waters, with shares of 40% each, will receive 40% of the revaluation gain each. So, each of them will receive $110,000 * 0.40 = $44,000. Now, let's calculate the revised capital balances after the revaluation. For Jones, the revised capital balance will be $30,000 (original capital balance) + $44,000 (revaluation gain) = $74,000. For Waters, the revised capital balance will be $50,000 (original capital balance) + $44,000 (revaluation gain) = $94,000.
Finally, we can determine the amount at which the land should be recorded on the partnership books. The book value of the land is $30,000, but its fair value is $45,000. Since the land is part of the partnership's property, the increase in its value should be shared among the partners based on their profit-sharing ratio.
Max's share of the land's fair value is 20%, which is $45,000 * 0.20 = $9,000. Max has agreed to receive $20,000 for her partnership interest, so the remaining $20,000 - $9,000 = $11,000 should be allocated to Jones and Waters. Therefore, the land should be recorded on the partnership books at a value of $30,000 (book value) + $11,000 (allocated increase) = $41,000.
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Related Questions
Ted's property is in foreclosure, but he has some equity in his property. An investor suggests that she and Ted enter into a sales contract for a substantially higher price than the investor would actually pay. The investor pockets the cash and allows the house to be foreclosed on. What sort of scheme is this
Answers
Based on the given information the sort of scheme is: Equity skimming.
What is Equity skimming?Equity skimming can be defined as the way in which an investor defraud or steal a person property equity because the property is in foreclosure.
Since the investor pockets the cash he received from Ted and allow the house to be foreclosed the investor is engaging in what is called equity skimming which is fraudulent acts.
Inconclusion the sort of scheme is: Equity skimming.
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What is the most difficult part of being a leader?
Answers
Answer:
Guiding everyone else to success
Explanation:
The hardest part about being leader is to lead people with different personalities to work together for the achievement of the objective.
What are the difficulties of being a leader?A good leader is only good as long as he can unite people and motivate them to work together for one purpose.
The hardest things to manage as a leader is to handle the conflict among the employees by avoiding biasness or favoritism.
One of the toughest aspects of leadership is delegating authority as people are very complicated.
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If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship
Answers
Answer: new hire orientation
Explanation:
New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .
This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.
Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.
Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.
Based on the explanation, the answer is new hire orientation.
Answer:
A
Explanation:
What is telemarketing?
Answers
Answer:
Using the telephone or the Internet to promote products or services to prospective clients is known as telemarketing. Outbound calls, inbound calls, lead generation calls, and sales calls are the four most prevalent types of telemarketing calls.
Explanation:
Hope it helps:)
Definition : A telemarketer makes phone calls on behalf of the company to provide information about products and services to potential clients. When interviewing telemarketers the successful candidate will have a positive attitude with excellent sales skills.
What is a Telemarketer?
Telemarketers, also known as sales representatives, sell products or services over the telephone or through web conferencing. They usually work in call centers or at home for third-party call center companies. Additional responsibilities include: ... Contact potential and current customers to promote products or services.
What is a telemarketing in business?
Telemarketing is the direct marketing of goods or services to potential customers over the telephone, Internet, or fax.
What is telemarketing example?
Definition and examples. Telemarketing usually means contacting customers and potential customers by telephone, but can also include using fax or the Internet. Direct mail and face-to-face meetings are not part of telemarketing.
Hope this helps : )
Partnership made when direct investment in a foreign country occurs with a domestic partner are called a. Multinationals b. Mini-nationals c. Joint ventures d. Cooperatives
Answers
Answer:
c. Joint ventures
Explanation:
A foreign direct investment (FDI) can be defined as an investment made by an individual or business entity (investor) into an investment market (industry) located in another country. The investor here, shares a different country of origin from the country where his investment is located. In a foreign direct investment (FDI), an investor must establish his business, factory and operations in a foreign country or acquire assets in a business that is being operated in a foreign country.
Additionally, foreign direct investment (FDI) are categorized into three (3) main types and these are;
1. Vertical FDI: it involves establishing a different business that is however similar to the main business owned by the investor.
2. Horizontal FDI: it involves establishing the same type of business in a foreign country as owned in the investor's country.
3. Conglomerate FDI: it involves establishing a business that is completely different in another (foreign) country.
Partnership made when direct investment in a foreign country occurs with a domestic partner are called joint ventures. It is typically established or initiated by two or more people on mutual grounds to make profits and sharing costs.
if the mean is 32 and the median is 40 what would be value of mode
Answers
Answer:
Step-by-step po:
3 Median = Mode + 2 Mean
Given: Mean = 30 / Mode = 40
Now: 3 Median = Mode + 2 Mean
=> 3 Median = 40 + 2 (30)
=> 3 Median = 40 + 60
=> 3 Median = 100
=> Median = 100/3
=> Median = 33.3
Explanation:
What is the best way to encourage customers to come back to your site?
A.Stalk them.
B.Use direct mail.
C.Post viral videos.
D.Treat them like they're special.
Answers
Answer:
D because they will feel like they are being cared about and will come back
Help me please... help
Answers
Direct stakeholders are those involved in the company's day-to-day activities. Like employees, who carry out their daily tasks, working on the company's ongoing projects. Indirect stakeholders are those who are more interested in the result of the production. Direct stakeholders are entities that have a visible role in the organization, regulation, operation and support of the bus service; or people, communities and entities that use the service or are impacted by it. Indirect stakeholders are anyone else whose interests are either enhanced or threatened.
Answer:
Explanation:
C part
as you apply to college, when should you apply for financial aid
Answers
Answer Explanation:
That depends on what semester or quarter you are applying for. If you are going in for the summer term, then you have to apply for it in the Spring. Otherwise, if you are starting Fall semester, then you apply in October, a year before you attend college. For example, you apply for financial aid in October 2020 to attend college in Fall 2021. You have from October -March to apply for financial aid but pay attention to the school's deadline. The earlier, the better.
Which of the following factors does NOT influence financial planning?
Group of answer choices
Potential future earnings
Savings
Debt
Investments
Answers
Answer:
D
Explanation:
Investment is not defined until it is current and shown
The factor that does not influence financial planning is Debt.
What is Debt and How it does not influence financial planning?Debt is usually money, borrowed by one party from another.Debt is long-term, and the lender is exposed to interest rate risk or the risk that interest rates will fluctuate over the maturity of the loan from which we can say that debt does not influence financial planning.Debt can lead to financial instability.Hence, Option C is the correct answer.
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Which is a short term consequence of making a late payment on your bill
Answers
Answer:
There will be a late fee added to the bill.
Answer:
just if you don't think the person on top of me is right he is I did the quiz and got a 100%
Explanation:
sales price $6.55 per unit variable costs $2.38 per unit fixed costs $9,868 units sold 20,511 what is the break even point in units? (round your answer up to the nearest whole number)
Answers
The break-even point in units is 2,367 units.
To calculate the break-even point in units, follow these steps:
1. Determine the contribution margin per unit by subtracting the variable cost per unit from the sales price per unit. Hence,
Contribution margin per unit = Variable cost per unit - Sale price per unit
Contribution margin per unit = $6.55 - $2.38
Contribution margin per unit = $4.17 per unit
2. Divide the fixed costs by the contribution margin per unit to find the break-even point in units.
Break-even point = Fixed cost/ Contribution margin per unit
Break-even point = $9,868 / $4.17
Break-even point = 2,366.43 units.
3. Round your answer up to the nearest whole number: 2,367 units.
So, the break-even point in units is 2,367 units.
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what is the difference between the turbo button and the victim button
Answers
turbo victim: A button inside your head and heart. You press it any time you give away the power you have to change your life
In the short-run, an FDI inflow tends to increase wage only in the industry that uses capital as the specific factor. hurt owners of one specific factor and benefit the owners of the other specific factor. decrease home worker welfare. cause none of the other three options.
Answers
In the case of FE models, it is discovered that FDI inflows to the service sector enhance salaries in both high- and low-skilled jobs. Results for the control variable show that low-skilled employment in the manufacturing industry has a favourable and statistically significant impact on salaries.
The low labour and production costs in the country of destination are the key drivers of foreign direct investments. FDI is essential for economic expansion.
The first kind is when FDI increases the pay gap between domestic and foreign businesses. The managerial and technological levels of foreign companies are greater. The relative need for qualified personnel rises as a result. Foreign companies frequently pay the higher wage in order to keep highly trained workers from leaving.
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-- The given question is incomplete, the complete question is
"In the short-run, an FDI inflow tends to
A. increase wage only in the industry that uses capital as the specific factor.
B. hurt owners of one specific factor and benefit the owners of the other specific factor.
C. decrease home worker welfare.
D. cause none of the other three options."--
Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected return of 16 percent and a standard deviation of returns of 20 percent. The risk-free asset has an interest rate of 4 percent. Calculate the expected return and the standard deviation of the resulting portfolio. (2 2)
Answers
Answer:
The answer is
2(16) - (4) =28%
If someone argued that E1 caused E2 in this passage solely because instances of E1 are correlated with instances of E2, and E2 does not cause E1, which fallacy would be committed?
Question 4 options:
Post Hoc Fallacy
Slippery Slope Fallacy
Hasty Cause Fallacy
Common Cause Fallacy
None of the above
Answers
The fallacy that would be committed in this scenario is the Common Cause Fallacy. it is important to consider other possible causes before making causal claims based solely on correlation.
The Common Cause Fallacy occurs when two variables are found to be correlated and one is assumed to cause the other, even though both variables are actually caused by a third, unknown variable.
In this case, the argument that E1 caused E2 solely because they are correlated is flawed because there may be a third variable that is causing both E1 and E2.
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What are the different packaging materials used in petit four?
Answers
I give Brainliest!! :)
ESPN 30 for 30 – BROKE
Tell me your initial reaction, what do you think the film is about?
What do you think of the amounts of money pro athletes make?
How did sports salaries change in the 1990’s?
What contributed to that change?
Explain the phrase “Keeping up with the Joneses”.
Why do you think that phrase may lead to bad money management decisions?
What are some of the bad investments these athletes made?
How could athletes like Andre Rison and Allen Iverson have prevented personal bankruptcy?
What money management lessons could the average person learn from these stories?
If you were a financial planner, how would you handle a pro athlete’s money?
Answers
Answer:basket ball
Explanation:
well if you paratactic then you get better
with regards to franchising, who acquires the rights to the name, logo, methods of operation, national advertising, and products?
Answers
With regards to franchising, the franchisee acquires the rights to the name, logo, methods of operation, national advertising, and products. Franchising is a business model in which an individual or entity, known as the franchisee, enters into an agreement with the franchisor to use their brand name, logo, and business methods in exchange for a fee.
The franchisor provides the franchisee with a proven business model, support, and guidelines, while the franchisee operates the business independently within the agreed-upon terms. This arrangement benefits both parties, as the franchisor expands its brand presence, and the franchisee gains access to an established business with reduced risk.
In this relationship, the franchisee acquires the rights to use the franchisor's name, logo, and methods of operation to maintain consistency and brand identity across all locations. The franchisee also gains access to national advertising campaigns and may be required to contribute to a marketing fund for these efforts.
Additionally, the franchisee is typically granted the right to sell the franchisor's products and services, further ensuring a consistent customer experience.
In summary, the franchisee acquires the rights to the name, logo, methods of operation, national advertising, and products in a franchising arrangement. This allows them to benefit from an established brand and business model while operating their own business within the framework provided by the franchisor.
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a 20-year bond with 10% yearly coupons has a 9.25% current yield. it can be called in three years at a call price of $1050. find the yield to call.
Answers
The yield to call of a 20-year bond with 10% yearly coupons and a 9.25% current yield, which can be called in three years at a call price of $1050, is 10.73%.
To calculate the yield to call, we need to first calculate the call price. The call price is the present value of all the cash flows from the bond up until the call date, discounted at the yield to call.
This can be done using the formula:
Call Price = CF1 / (1 + YTM) + CF2 / (1+YTM)^2 + ... + CFn / (1+YTM)^n
Where CFn is the cash flow at period n and YTM is the yield to call.
Once we have calculated the call price, we can use the call price to calculate the yield to call. This can be done by solving for YTM in the equation given above. After rearranging the equation, we can calculate the yield to call by using the formula:
YTM = (CF1 / Call Price - 1)^(1/n) - 1
Where n is the number of periods until the call date.
In the given example, the yield to call is 10.73%.
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What are the major differences between a "Guarantor" of a contract and
an "Accommodation maker/drawer" in a negotiable instrument?
Answers
Answer:
a is the answer
Explanation:
which of the following is a nickname for the GAO?
SEC watchdog
regulatory watchdog
congressional watchdog
public watchdog
Answers
Answer:
B: regulatory watch dog
Explanation:
Idc I just got it right
Answer: it’s congressional watchdog you dummy
Explanation:
What is the name for the process that marketers use to plan, develop, execute, and evaluate coordinated, measurable, persuasive brand communication programs over time to target audiences?
Answers
Answer:
Integrated Marketing Communication
Explanation:
As the name implies, the concept of integrated marketing communication is aimed at leveraging the power that comes with the synergy between different marketing and communication tools and services such as consistent and repetitive advert placement, sales and promotional offers, coordinated and friendly marketing campaigns, and son on, all these carefully and strategically tailored towards the gradual and steady capture of a specific target audience over a certain period of time. These integrated marketing strategy or procedure is aimed towards such audience so that it would cover all aspects of the consumers wants in other to ultimately impact their deciak making and adoption of the product or services.
1. Imagine that you are considering expanding and diversifying your tech business into international
markets. Before you decide to make this shift in your company, you want to weigh the advantages
and disadvantages of international trade. Identify and analyze several advantages and several
disadvantages that you would consider and explore how international trade may impact the
decisions that you make for your business. Explain. Then discuss the impact of cultural and social
environments on global trade.
Answers
Answer:
A good way to determine if expanding the business into international trade is to use a tool to analyze the international enviroment.
The tool that can be used is PESTEL, which is an accronym for Political, Economical, Social, Technological, Enviromental, and Legal factors.
To complete a Pestel, the strategist of the company simply has to add the relevant factors related to the external enviroment in each one of the six cateogories.
Like this, the strategist can analyze the international enviroment, in order to determine whether it is advisable to expand the technological business or not.
Define The Term "Inelastic"
Answers
Answer:
its about stuff you need day to day
like water, gasoline, housing, and food
when the price goes up or down consumers' buying habits are the same
"static quantity of a good or service when its price changes"
Investopedia lumenlearning
Answer:
: not elastic: such as. a : inflexible, unyielding. b : slow to react or respond to changing conditions
Explanation:
hope it helps you:)
which one of the following is not a valid reason to return a medication to the warehouse or manufacturer for credit?
Answers
Drug was incorrectly reconstituted is the one of the following is not a valid reason to return a medication to the warehouse or manufacturer for credit. Hence, option C is correct.
What is manufacturer?A manufacturer is a person or company that uses various tools, machinery, and processes to transform raw materials into completed goods that are subsequently sold to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to create more complex goods.
Use the single possessive: manufacturer's data book, if people are referring to a specific manufacturer's data book specifications.
Thus, option C is correct.
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A) Drug was recalled
B) Drug expired
C) Drug was incorrectly reconstituted
D) Drug was damaged during delivery
Question
When economists say that the demand for a product has increased, they mean that the _________________.
A
demand curve for the product has shifted to the right
B
price of the product has fallen, and consequently consumers are buying more of the product.
C
cost of producing the product has increased
D
amount of the product that consumers are willing to purchase at various prices has increased.
Medium
Answers
When economists say that the demand for a product has increased, they mean that demand curve for the product has shifted to the right. Thus, the correct answer is option A.
What is demand?In economics, demand is the amount of a good that consumers are willing and able to buy at various prices at any given time. The demand curve is the relationship between price and quantity demand.
The perceived necessity, price, perceived quality, convenience, available alternatives, purchasers' disposable income and tastes, and a variety of other factors all influence demand for a specific item.
When an economist says that demand for a particular commodity has increased, he or she means that consumers or buyers are willing to consume more output at the same price level, which is represented by a rightward shift in the demand curve.
Therefore, there is an rightward shift of the demand curve when the demand for a product has increased.
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37. The top of the plate where food is placed is called?
A) Food-danger zone.
B) Food-contact surface.
C)Food-temperature risk.
D) Food-stacking area.
Answers
Answer:
B. Food-contact surface
Explanation:
no idea
The plate's surface where the food is laid down is known as the 'Food-contact surface.'
Firstly, we will understand about 'Food Contact Surface.'
Any surface that directly comes in touch or contact with food items. It may include knives, cutting boards, plates, vessels, etc. Therefore, such surfaces are required to maintain top-class hygiene to prevent any kind of contamination.'Food-danger zone' is characterized as the area or region which may lead to infect or poison the food and the food must be protected to be placed from there.
'Food-temperature risk' is the probable threat to a particular food due to reaching or not maintaining a specific temperature resulting to spoil it.
'Food-stacking area' where plenty of food is stored in air-tight boxes or in refrigerators.
Thus, this makes option b i.e. 'food-contact surface' as the correct answer.
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The Jenkins Corporation has purchased an executive jet. The company has agreed to pay $200,000 per year for the next 10 years and an additional $1,000,000 at the end of the 10th year. The seller of the jet is charging 6% annual interest.
Answers
Answer:
Liability will be $2,030,412
Explanation:
We need to calculate the present value of future cash flows in order to determine the liability value.
Liability to be recored = PV of $200,000 payment for 10 years at 6% + PV of $1,000,000 at the end of year 10 at 6%
As we know the payment of $200,000 for 10 years is the annuity payment.
Liability to be recored = $200,000 x ( 1 - ( 1 + 6% )^-10 /6% + ( $1,000,000 x ( 1 + 6% )^-10
Liability to be recored = $1,472,017.41 + $558,394.78 = $2,030,412.18
5. Now create your production possibilities curve, based on the information in the table you just filled out. Use the chart shown as a model, but note that your numbers and your curve will be different. Depending on the numbers you wrote in your table, your "curve" may even look more like a slant. (2 points)
Answers
Two units—blankets and socks—are depicted in the production possibilities curve model. However, in relation to another illustration, coffee and sugar.
What is production possibilities curve?
A production possibility curve essentially depicts two items graphically. The "production possibility frontier" is another name for PPC.
Underutilization of resources and technology is demonstrated by the production possibilities curve model. One unit is added while another is sacrificed on the production possibilities curve. Levels are displayed at various places.
The PPC is a useful tool for demonstrating the ideas of scarcity, opportunity cost, efficiency, and economic development and contraction. The downward slope of the concave shaped.
As a result, production possibility curve model is two different commodities such as sugar and coffee.
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