The Gini and Scott Partnership had capital account balances as follows: Gini, Capital $180,000 Scott, Capital 60,000 The partners share income and losses in the ratio of 60% to Gini and 40% to Scott. Instructions Prepare the journal entry on the books of the partnership to record the admission of Dyannand as a new partner using the following information: Dyannand invests $70,000 in the partnership for a one-third ownership in partnership Lapital General Journal Particulars Page Credits PR Debits Date 2022 May 18

Answers

Answer 1

To record Dyannand's admission as a new partner, we credit Dyannand's capital account with $70,000 and debit the cash account for the same amount. This entry reflects Dyannand's investment and the corresponding increase in the partnership's capital accounts.

To record the admission of Dyannand as a new partner in the Gini and Scott Partnership, we need to update the capital accounts and record Dyannand's investment. Dyannand's capital account is credited with $70,000 to reflect his investment in the partnership. The cash account is debited for the same amount as Dyannand paid in cash for his investment.

Here's the journal entry to record Dyannand's admission:

Date: May 18, 2022

Account Name          Debit        Credit

-----------------------------------------------

Dyannand, Capital                        $70,000

Cash                                                       $70,000

Learn more about ” journal entry ” here:

brainly.com/question/30499005

#SPJ11


Related Questions

define finance education for class 8

Answers

Financial literacy is the education and understanding of knowing how money is made, spent, and saved, as well as the skills and ability to use financial resources to make decisions. These decisions include how to generate, invest, spend, and save money.

Poor decision-making by lower-level managers can lead to any of the following adverse outcomes EXCEPT: a. increased expenses if there are too many supplies. b. increased turnover if the decisions involve managing workers. c. increased productivity if there are too few workers. d. frustration among employees if the decisions involve training workers. e. reduced morale if the decisions involve managing workers.

Answers

The option that does not represent an adverse outcome caused by poor decision-making by lower-level managers is:

c. increased productivity if there are too few workers.

Poor decision-making by lower-level managers can lead to the following adverse outcomes:

a. Increased expenses if there are too many supplies: If lower-level managers make poor decisions regarding inventory management and order excessive supplies, it can lead to increased expenses for the organization. This is because excessive supplies can result in wastage, obsolescence, or storage costs.

b. Increased turnover if the decisions involve managing workers: Poor decisions related to managing workers, such as ineffective leadership, lack of communication, or unfair treatment, can result in increased turnover. Employees may become dissatisfied and choose to leave the organization, seeking better opportunities elsewhere.

c. Increased productivity if there are too few workers: This statement is incorrect. Poor decision-making by lower-level managers that results in too few workers is more likely to lead to decreased productivity rather than increased productivity. Insufficient staffing levels can overload existing employees, leading to burnout, reduced efficiency, and decreased productivity.

d. Frustration among employees if the decisions involve training workers: If lower-level managers make poor decisions regarding training workers, such as inadequate training programs or insufficient support, it can result in frustration among employees. Lack of proper training can lead to feelings of incompetence, hinder professional development, and impact job satisfaction.

e. Reduced morale if the decisions involve managing workers: Poor decision-making in managing workers can have a significant impact on employee morale. Factors such as favoritism, lack of recognition, poor communication, or unfair treatment can create a negative work environment and lead to reduced morale among employees.

Therefore, the adverse outcome that does not align with poor decision-making by lower-level managers is "increased productivity if there are too few workers" (option c).

To learn more about professional development visit-

https://brainly.com/question/12348892

#SPJ11

The eastern side of South America lacks ______ compared to the western side; this demonstrates the two areas have drastically different plate tectonic settings. Multiple choice question

Answers

the eastern side had more gold and spices than the western side

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".

To know more about social responsibility, click here.

https://brainly.com/question/24176816

#SPJ1

all work are dignified and equal. justify​

Answers

Answer:

I hope that is helpful for you.

all work are dignified and equal. justify

APEX: Biology Sem1; Dry Lab 2.4.3

2. What is the name of the enzyme that breaks down:
a. Protein?
b. Carbohydrate?
c. Fat/Oil

Answers

Answer:

b. Carbohydrate?

Explanation:

Answer:

I attached my entire lab submission with all the correct answers. I got 50/50. Please don't plagiarize any of my answers, but you can reference them :)

Explanation:

(btw i know this is really late, but it could help others alkngkfjga)

Twenty-five years from now, you would like to give your child $100,000. How much money must you set aside today if you can earn 7. 5 percent per year, compounded annually, on your investment?

Answers

The correct option is B. Money must you set aside today if you can earn 7. 5 percent per year, compounded annually, on your investment is 16397.91.

We have A= P(1+i)n

A= 100,000

n= 25

i= 7.5% = 0.075

=> 100,000= P(1.075)25

=>P= 16397.91

Investment refers to the act of allocating resources, such as money or time, in order to achieve a profitable return. The purpose of investment in the business is to generate profits or increase the value of the company. Business investment can take many forms, including investing in stocks, bonds, real estate, or other assets.

Investment in business is crucial for the growth and success of a company. It allows a business to expand its operations, increase its productivity, and stay competitive in the market. A well-planned and executed investment strategy can lead to increased profits and long-term growth. However, investment also carries risks, and it is important for businesses to carefully assess the potential risks and benefits of any investment opportunity.

To learn more about Investment here:

brainly.com/question/16822436

#SPJ4

Complete Question:

Twenty-five years from now, you would like to give your child $100,000. How much money must you set aside today if you can earn 7. 5 percent per year, compounded annually, on your investment?

A) $15,388.19

B) $16,397.91

C) $16,817.67

D) $15,911.13

E) $17,488.37

then impact of risky behaviour on one's well-being by referring to social,emotional,physical and spiritual ​

Answers

Spiritually, risky behavior can truly take a toll. If you are religious, your actions won’t be in line with your beliefs (most likely). There is a trickle down effect from there. Lots of times, risky behavior makes a person feel paranoid because a person is doing things s/he feels is wrong. All of that takes a toll on a person physically. When you compromise yourself, you will tend to be on an emotional roller coaster. Not a great way to live

How do robots help speed up the fulfillment of orders at some Amazon warehouses

Answers

Answer:

Robots help speed up the fulfillment of orders at some Amazon warehouses is explained below in complete details.

Explanation:

The business began computing technology to a few warehouses in recent years, which looks commodities coming down a conveyor belt and wraps them seconds later in cases custom-built for each item, two people who struggled on the project told us. Today, Amazon has more than 20,00000 portable robots operating inside its depot network, alongside numbers of thousands of human workers.

6. What type of force is your answer in number 4?​

Answers

Answer:

What was your answer in number 4?

Robert placed the following assets into service for his packing and shipping company this year

Answers

Option B. The way that Robert would eliminate the requirement to use the mid-quarter convention B.Claim the Section 179 deduction for the delivery truck.

What is meant by mid-quarter convention?

According to the mid-quarter convention, a company that purchases fixed assets during a reporting quarter should treat them as though they were purchased at the halfway point of the quarter.

When the total depreciable basis of MACRS property placed in service during the final three months of the client's tax year exceeds 40% of the total depreciable basis of all MACRS property placed in service throughout the entire year, you must utilize the mid-quarter convention.

Read more on deduction here: https://brainly.com/question/13757943

#SPJ1

Robert placed the following assets into service for his packing and shipping company this year: April 3: Desk with a basis of $1,100. July 30: Computer software with a basis of $4,200. October 30: Delivery truck with a basis of $33,000. All assets were used exclusively for business purposes. How may Robert eliminate the requirement to use the mid-quarter convention?

A.Claim the special depreciation allowance for the computer software.

B.Claim the Section 179 deduction for the delivery truck.

C.Elect to expense the desk on the tax return in accordance with the de minimis safe harbor of the tangible property regulations.

D.Use the ADS system to depreciate the truck and the desk.

HELPPPPPPPP WIL MARK BRAINLIEST

What types of decisions affect the day-to-day activities of an operation?
Group of answer choices

Those involving new product development

Those involving process technology

Those involving planning and control

Those involving performance measurement

Answers

Answer:

those involving process technologies

You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit​ history?.

Answers

If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.

A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance. 

Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.

Learn more about credit card here:

https://brainly.com/question/27350251

#SPJ4

which theoretical models views public relations as a system of managing relationships among organizations, individuals, and their many publics?

Answers

Two-way symmetrical model views public relations as a system of managing relationships among organizations, individuals, and their many publics.

What is public relations?Public relations is the management and distribution of information from individuals or organizations to the public to influence their perception. Public Relations are different in that PR is managed internally whereas Public Relations is not managed and contributed by external parties.PR specialists build and maintain a positive image for companies and organizations. They create media, from press releases to social media messages, that shape public opinion about companies and organizations and increase brand awareness.Public Relations can: Be proactive. For example, share positive news to raise awareness of your company. Reactions – such as responding to events that may adversely affect a company's reputation.

To learn more about public relations from the given link :

https://brainly.com/question/27993099

#SPJ4

Demand elasticity is the extent to which a change in price causes a change in the quantity demanded

Answers

True, demand elasticity is the extent to which a change in price causes a change in the quantity demanded.

How sensitive the quantity demanded is to a good's price is determined by its price elasticity of demand. Almost all goods see a decrease in quantity demanded as prices rise, but some goods experience this decrease more than others. When a product's price changes, its inelastic quantity remains constant.

When a price increases by 1% while holding all other factors constant, the price elasticity provides the percentage change in quantity demanded. Consumers' purchasing patterns are said to be inelastic if they remain relatively constant when the price of a good or service increases or decreases.

To learn more about demand elasticity: https://brainly.com/question/1048608

#SPJ4

Note that the full question is:

Demand elasticity is the extent to which a change in price causes a change in the quantity demanded. True or False?

The individual that is likely to have the highest credit score is the one who
pays the minimum balance on a credit card each month.
O has no credit cards and uses a debit card to pay bills.
O has two credit cards and pays the full balance on each card each month.
uses a parent's credit card and repays the parent for charges each month.

Answers

The individual that is likely to have the highest credit score is the one who

has two credit cards and pays the full balance on each card each month. Option C

What is credit score about?

Your likelihood of making timely loan payments is predicted by your credit score. It is generally true that paying the minimum balance on a credit card each month will not have a positive effect on a person's credit score.

In fact, it could have a negative impact because it can indicate to lenders that the borrower is struggling to pay their debts and is potentially at higher risk of defaulting on a loan.

Hence, paying the full balance on a credit card each month can have a positive impact on a person's credit score because it demonstrates responsible credit use and the ability to pay off debts in a timely manner.

Learn more about credit score from

brainly.com/question/13964348

#SPJ1

What is TRUE about the prevalence of diversity in the modern workplace?


Diversity in the workplace has continued to increase.


Diversity in the workplace has continued to decrease.


Diversity in the workplace has shown no increase or decrease.


There is no data to track diversity in the workplace.

Answers

In summary correct option for this question is Diversity in the workplace has continued to increase.

Why is it?

There has been a growing recognition among organizations of the importance of diversity and inclusion in the workplace. With increased awareness, companies have made efforts to increase the representation of diverse individuals among their employees.

This has resulted in a trend towards increasing diversity in the workplace over the past few decades. Diversity in the workplace refers to the representation of people from different backgrounds, including race, ethnicity, gender, age, sexual orientation, religion, and more.

Having a diverse workforce can lead to many benefits, including increased creativity, innovation, and problem-solving abilities, as well as greater employee engagement and job satisfaction

To know more about Diversity related question visit:

https://brainly.com/question/7063191

#SPJ1

long-term investments are made by the investment center manager for the purpose of ________.

Answers

Long-term investments are made by the investment center manager for the purpose of generating future returns and increasing the overall value of the company.

An account that a business intends to hold for at least a year, such as stocks, bonds, real estate, and cash, is a long-term investment. The account can be seen on a company's balance sheet under assets. In general, long-term investors are prepared to accept greater risk in exchange for greater benefits. When you keep an investment for a year or more or longer, it is referred to as long-term. Long-term mutual fund investment plans are those that have been held for three years or more. Stocks, equities mutual funds, and other securities can be very volatile in the near term.

These investments are typically held for several years and may include stocks, bonds, real estate, or other assets that have the potential for growth and appreciation over time. The investment center manager is responsible for evaluating potential investment opportunities, conducting due diligence, and making informed decisions that align with the company's overall strategic goals and objectives.

To learn more about Long-term investments, click here:

https://brainly.com/question/15335876

#SPJ11

Why can wholesalers afford to offer trade discounts?

Answers

Answer:

Wholesalers buy products from manufacturers at a lower price than other businesses because they receive discounts for volume buying.

Explanation:

I have no explanation really to say. Thats just the answer.

What is Altman Model z-score?

Answers

The Altman Model z-score is a financial model used to predict the probability of a company going bankrupt within the next two years. It was developed by Edward Altman in 1968 and is based on a combination of five different financial ratios.

The model assigns a weighted score to each of these ratios and then combines them to create an overall z-score. The higher the z-score, the less likely the company is to go bankrupt. The formula for calculating the Altman Model z-score is as follows:

Z-score = 1.2A + 1.4B + 3.3C + 0.6D + 1.0E

Where:
A = Working capital / Total assets
B = Retained earnings / Total assets
C = Earnings before interest and taxes / Total assets
D = Market value of equity / Total liabilities
E = Sales / Total assets

A company with a z-score above 2.96 is considered to be financially healthy and at a low risk of bankruptcy. A company with a z-score below 1.81 is considered to be at a high risk of bankruptcy. A company with a z-score between 1.81 and 2.99 is considered to be in the "grey zone" and at a moderate risk of bankruptcy.

For more about Altman Model z-score:

https://brainly.com/question/5976400

#SPJ11

Why are tradeoffs necessary?
a. Resources are limited
b. People want different things
C. Every product has flaws
d. Advertisers promote products

Answers

Answer:

trade offs are necessary because resources are limited,people want different things, every product has flaws, and advertisers can promote products.

When an economy produces more smartphones and fewer cars, it is answering the?

Answers

When an economy produces more smartphones and fewer cars, it is answering the 'what' question.

What is an economy?

A complex system of linked trading, consumption, and production activities make up an economy, and it ultimately decides how resources are distributed among all the players. The requirements of persons who live and work inside the economy are met by the creation, consumption, and distribution of products and services. A country, a region, a single industry, or even a family may be represented by an economy. Every economy is different. Each is shaped by the resources, laws, cultures, histories, and geographies that are unique to it. Each change as a result of the individuals' decisions and behaviours. These choices are decided using a combination of collective or hierarchical decision-making and market transactions.

To learn more about economy visit;

https://brainly.com/question/951950

#SPJ4

A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.

Help I need the answer fast​

Answers

Answer:

This is due to compound interest on the credit card bills.

Explanation:

Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.

a vertical merger is a merger between firms that operate at different but related levels in the production and marketing of a product. true false

Answers

It is TRUE that a vertical merger is a merger between firms that operate at different but related levels in the production and marketing of a product.

A vertical merger is the union of two or more businesses that perform various supply chain tasks for a single item or service. Most frequently, a merger is implemented to boost business, increase synergies, and gain more control over the supply chain process. Cost savings and gains in productivity and efficiency are frequent outcomes of vertical mergers.

Vertical mergers enable organizations to take control of the initial stages of a supply chain, such as the supplier of raw materials to a manufacturer. Although they are at different phases of the production process, the two companies merging vertically offer distinct goods and services. But in order to produce the finished good, two businesses are necessary.

Learn more about Vertical mergers, here

https://brainly.com/question/16557059

#SPJ4

Why is it important to maintain network relationships, even after you have found a job?
a. You never know when you are going to have to find a new job.
b. You can return the favor by helping network members with career advice and job leads.
You will remain informed and connected to people in your field.
d. All of the above
C.
Please select the best answer from the choices provided
ΟΑ
B
С
OD

Answers

Answer:

D (all of the above)

Explanation:

When a person has gotten a job, it is critical to keep network contacts since a person never know when he will need to locate a new career, and he will stay informed and connected to bin his sector.

What is network relationships?

Relationship networking is another name for network relationships. It's all about making connections and finding ways for both sides to gain. Like the relationship, networking and partnerships intersect in numerous ways, resulting in economic potential.

Even when a person has gotten a job, it is critical to keep network contacts since you never know when you will need to locate a new career, and he will stay informed and connected to people in the sector.

With the utilization of network ties, an individual might refund the kindness by supplying career counseling and job metals to network members.

Therefore, option D is correct.

Learn more about the network relationships, refer to:

https://brainly.com/question/14743693

#SPJ2

Economist: Some policymakers believe that our country's continued economic growth requires a higher level of personal savings than we currently have. A recent legislative proposal would allow individuals to set up savings accounts in which interest earned would be exempt from taxes until money is withdrawn from the account. Backers of this proposal claim that its implementation would increase the amount of money available for banks to loan at a relatively small cost to the government in lost tax revenues. Yet, when similar tax incentive programs were tried in the past, virtually all of the money invested through them was diverted from other personal savings, and the overall level of personal savings was unchanged. The author criticizes the proposed tax incentive program by

Answers

The options are:

A). Challenging a premise on which the proposal is based.

B). Pointing out a disagreement among policymakers.

C). Demonstrating that the proposal's implementation is not feasible.

D). Questioning the judgment of the proposal's backers by citing past cases in which they had advocated programs that have proved ineffective.

E). Disputing the assumption that a program to encourage personal savings is needed.

Answer:

A). Challenging a premise on which the proposal is based.

Explanation:

The author critiques the suggested program of tax incentives by 'questioning the very premise on which the suggestion is based.' In the given proposal, the claim is based on the premise that if people are exempted from paying taxes on their savings accounts, they will be encouraged for saving more money. However, the author rebuts this premise by displaying the failure of such programs previously where people just attempted to redirect their money in order to get them into the tax-exempted accounts instead of saving more. Thus, the percentage of money saved by people remained unaltered.  Hence,  option A is the correct answer.

1. Market research depends on high-quality data to be ineffective. True or False

Answers

Answer:

Tru

Explanation:

suppose the price elasticity of demand is relatively elastic, and the price elasticity of supply is relatively inelastic in a specific market. if an excise tax is imposed on this good, who will bear the greater burden of the tax?

Answers

If an excise tax is imposed on goods when price elasticity of demand is relatively elastic and the the price elasticity of supply is relatively inelastic in a specific market, The producers will bear the greater burden.

In the scenario specified in the question, price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic. This means that the consumers are relatively more price sensitive compared to the suppliers in the market. Hence, consumers will be more reactive to any change in price of the good than the sellers in the market. if an excise tax is imposed especially on the consumers, the effect will be more on the producers because supply is inelastic and consumers can determine demand due to its elasticity.

Learn more on demand and supply from:

https://brainly.com/question/15172290?referrer=searchResults

#SPJ4

why is each of the 4 factors of production important in running a business​

Answers

Answer:

to run business sucessfully with out any type pf loss

a) shasta, who is waiting to be recalled to a job from which she has been laid off. b) karen, who neither has a job nor is looking for one. c) mary, who worked only 35 hours last week. d) none of the above is correct.

Answers

a) shasta, who is waiting to be recalled to a job from which she has been laid off.

According to the U.S. Bureau of Labor Statistics, a person who is waiting to be recalled to a job from which they have been laid off is considered to be unemployed. In this case, Shasta would be considered unemployed because she is not currently working but is actively seeking employment and is waiting to be recalled to a job. Karen, who is not working and is not looking for a job, would be classified as "not in the labor force." Mary, who worked only 35 hours last week, would be classified as "employed but absent from work."

Find out more about Shasta

brainly.com/question/13525240

#SPJ4

Other Questions
During ________, the shortest phase of mitosis, chromosomes are pulled toward the poles of the cell. A groupof friends wants to go to the amusement park. They have no more than $245to spend on parking and admission. Parking is $9.25, and tickets cost $25.75 perperson, including tax. Which inequality can be used to determineP,the maximumhumber of people who can go to the amusement park? Step 1: Using one-step equations to solve problems.a) Suppose you send about 12 text messages a day, and your older sister sends more text messages than you do. Together, you send a total of about 26 messages per day. About how many text messages does she send a day? Write an equation and solve for the unknown value. (2 points) what song has the lyrics didn't you flash your green eyes at me didn't you calm my fears with a cheshire cat smile Look at the prompt for this unit: Was Brutus a betrayer or a patriot? and write a one-sentence statement of your claim. Then write two or three examples of counterclaims to your argument. Provide specific examples from the play to support your claim. Use proper spelling and grammar. (NO PLAGERISM) Jaydon had 240 more lego blocks than Timothy. After Jaydon gave away328 of his lego blocks to his sister, Timothy had 3 times as many lego blocksas Jaydon. How many lego blocks did Timothy have? Find Laplace Transform for each of the following functions 1. sin t + cos t Which of the following aqueous solutions would have the highestboiling point?1.0 mole of Na2S in 1.0 kg of water1.0 mole of NaCl in 1.0 kg of water1.0 moles of KBr in 1.0 kg of wate Fix any punctuation or capitalization errors below. Click "Submit Answer" if thereare noneG: ;This is the issue, unless a lot of people show up,Andrew Deluca may get bored and leave.Submit answerReport a prob 1-Witch compound is composed of the most atoms? A- H25O4. B-Li2N.C-Mg(OH)2. D-NaF.2-Witch compound has the most hydrogen atoms? A-NaOH. B-C2H4O. C-H3PO4. D-(NH3)2SO4.3-Witch compound has the greatest molar ms? A-H2O. B-C6H12O6. C-HNO3. D-C2H6.4-What is the molar mass for Ca(C2H3O2)2? A-71g. B-99g. C-158g. D-148g5-show work for #4. Assuming the substance is one of those listed in the table presented in this lesson, what is the identity of the substance?ironcopperleadaluminum If $-3\le x+5 \le 8$ and $x$ is an integer, what is the sum of all the possible solutions? Help please I give brainliest Give me two example of light energy conversion List two short term vocational programs available at Mt. SAC community college?List two programs available through the Pomona Adult and Career Education? Select the option that best completes the statement: In the absence of a net force, an object can be It is not possible to know without more information. at rest or in motion with a constant velocity. accelerating. at rest. in motion with a constant velocity. 1. which one of the following is not a step used for balancing chemical equations? a. always change subscripts to balance an equation b. write the chemical equation using formulas and symbols c. count the atoms in each substance in the reactants and products d. choose coefficients that will balance the equation Need help on 6 and 7 or just one please help birds cause a lot of damage to airplanes every year. to study this problem, the u.s. air force invented a chicken cannon. air force scientists use the cannon to shoot chicken bodies at airplanes in controlled tests. then they analyze the damage the chicken bodies caused. Can somebody help me solve Which cost should only include receiving and storage costs that vary with the quantity of product received?A) Cost of capitalB) Obsolescence (spoilage) costC) Handling costD) Occupancy cost