Equity interest of 50,000$ partnership with Joe and Tom, how would the 50,000$ owner’s equity be presented in the company’s balance sheet?

Answers

Answer 1

Partners Tom Andrews and Nathan Bell have capital balances of $50,000 each. On June 1, each sells one-fifth of his equity to Joe Canter for $10,000 in cash.

What is equity?

In finance, equity is primarily utilized in two ways. The balance sheet's book value, which is the difference between obligations and assets, is referred to as equity in accounting. The value that an owner of a business has left over after obligations are subtracted is referred to as owner's equity.

The market value could also be referred to while discussing equity in accounting. This is based on either the most recent share prices or a value chosen by the company's shareholders. It is frequently referred to as shareholders' equity or net worth when used in this secondary sense. The shareholders' equity is the amount that would be distributed to the business shareholders once all of the company's assets have been sold and its liabilities have been settled.

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Related Questions

What is a pain point of operations as a Freelancer that Fiverr helps alleviate?

Answers

The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.

What are financial constrain?

This is known to be when a person or firm lacks money to run their basic activities.

Note that Fiverr has eliminate the stress of looking for a job and as such, The pain point of operations as a Freelancer that Fiverr helps alleviate is financial constraint and looking or lack of job.

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(1) . You have recently been hired as the executive director of a large nonprofit that has been having some problems. The available information points to weak leadership at all levels of the organization. What changes could you make to minimize the impact of leaders’ behaviors? Check all that apply.
A)Design jobs so they are routine, requiring little skill and few decisions.
B) Cut back on the training and development of nonmanagement employees.
C) Hire subordinates who are highly motivated by the organization’s mission.
DDevelop organization-wide policies that govern how employees should do their jobs.
(2). Transformational leadership is receiving a lot of attention. Which of the following is a reason for recent interest in this type of leadership?
A). The ability of a charismatic leader to raise an organization’s profile
B). A desire for more authoritarian managers
C). The ability of technology to replace leadership in many situations
D). The rapidly changing business environment

Answers

Answer:

The changes that could be made to minimize the impact of leaders' behaviors in a nonprofit organization are:

C) Hire subordinates who are highly motivated by the organization's mission: This would help in creating a positive and productive work environment where employees are passionate about the mission and vision of the organization.

D) Develop organization-wide policies that govern how employees should do their jobs: This would help in providing clear guidelines and expectations to employees, which can help in minimizing the negative impact of leaders' behaviors.

Option A is not recommended because designing jobs that require little skill and few decisions may lead to employees feeling unchallenged and unfulfilled in their roles, which could lead to reduced motivation and productivity. Option B is also not recommended because cutting back on the training and development of nonmanagement employees could lead to a lack of skills and knowledge among employees, which could negatively impact the organization's performance.

2). The recent interest in transformational leadership can be attributed to option D: The rapidly changing business environment. The business environment is constantly evolving, and organizations need leaders who can adapt and respond to changes quickly and effectively. Transformational leaders are known for their ability to inspire and motivate employees to embrace change and work towards achieving organizational goals, which makes them highly desirable in today's fast-paced and dynamic business environment.

If the cost of producing tables increases causing the price of tables to increase, consumer surplus in the table market
will…

Answers

If the cost of producing tables increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.

What is a consumer surplus?

Basically, the consumer surplus is also called the social surplus and consumer’s surplus. In economist view, the consumer surplus refers to the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it.

Based on the law of correspondence, whenever the the cost (of producing tables) increases causing the price of tables to increase, then, the consumer surplus in the table market will decrease.

Answers

Answer:

Perfectly inelastic

Explanation:

If a good's price elasticity is 0 (no amount of price change produces a change in demand), it is perfectly inelastic. If price elasticity is exactly 1 (price change leads to an equal percentage change in demand), it is known as unitary elasticity. Ty for points

Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?

Question 9 options:

1: Franchise

2: Dealership

3: Licensing

4: Network marketing

Answers

Answer:

Franchise

Explanation:

The answer is FRANCHISE

Gitano Products operates a job-order costing system and applies overhead cost to jobs on the basis of the direct materials uses in production (not on the basis of raw materials). Its predetermined overhead rate was based on a cost formula that estimated $126,000 of manufacturing overhead for an estimated allocation base of $90,000 direct material dollars to be used in production. The Company has provided the following data for the just completed year:

Purchase of raw materials $138,000
Direct Labor Cost $86,000

Manufacturing Overhead Costs:

Indirect Labor $122,600
Property Taxes $8,900
depreciation of equipment $15,000
Maintenance $15,000
Insurance $10,000
Rent, building $35,000

Beginning Ending
Raw Materials $25,000 $15,000
Work in Process $49,000 $39,000
Finished Goods $74,000 $59,000

Required:
a. Compute the predetermined overhead rate for the year.
b. Compute the amount of underapplied or overapplied overhead for the year.
c. Prepare a schedule of cost of goods manufactured for the year. Assume all raw materials are used in production as direct materials.

Answers

Answer and Explanation:

1. The computation of the predetermined overhead rate is shown below;

Predetermined Overhead Rate is

= Estimated Manufacturing Overhead ÷ Estimated Allocation Base × 100

= $126,000 ÷ $90,000

= 140%

2. Now the amount of underapplied or overapplied overhead is

But before that we need to find out the overhead applied and overhead incurred which is

= (Opening Value of Direct Material + Purchase of Direct Material - Closing Value of Direct Material) × Predetermined Overhead Rate

= ($25,000 + 138,000 - $15,000) × 140%

= $207,200

Now the Overhead Incurred is

Indirect Labor $122,600

Property Taxes $8,900

depreciation of equipment $15,000

Maintenance $15,000

Insurance $10,000

Rent, building $35,000

Total $206,500

So, the overhead over applied is

= $207,200 - $206,500

= $700

c. Now the schedule of cost of goods manufactured is presented below:

Opening Raw Material $25,000

Add Purchases of Raw Material $138,000

Less Closing Stock of Raw Material -$15,000

Direct Material Used $148,000

Add:

Direct Labor $86,000

Manufacturing Overhead Applied $207,200

Total Manufacturing Costs $441,200

Add Opening WIP $49,000

Less Closing WIP -$39,000

Cost of Goods Manufactured $451,200

Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)

Answers

Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.

The three lease options available to Beverly Mills are as follows:

Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile

Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile

Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile

Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

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Career choice, getting/keeping a job, career changes, career advancement skills are examples of

A. employability skills

B. diversity

C. professional image

D. transferable skills

Answers

Answer:

Explanation:

You are given the following particulars of a business having three departments: 963
Department
Purchases
Opening Stock
A
200 units
B
300 units
ISO units
71
1500 units
1000 units
2000 units
Additional Information:
1. Purchases were made at total cost of Rs.92,000.
2. The % of gross profit on turnover is the same in each case.
3. Purchases & Sales prices are constant for the last 2 years.
4. Selling price per unit:
A
Department
B
C
You are required to prepare Departmental Trading Account.
Closing Stock
100 units
160 units
200 units
Rs.
20
25
30

Answers

I’m pretty sure it’s a

what is the explanation of how 3D printing gives SpaceX a competitive advantage
and
Exploration of how AI could be used to enhance SpaceX's 3D printing capabilities

Answers

3D printing offers your organization a genuinely necessary upper hand. It permits you to create models quicker, decreases the expense of creation, requires less info (HR and gear), and diminishes above.

SpaceX involves 3D printing in their designing and assembling processes, including printing parts for rocket motors, spouts, and primary parts for the Bird of Prey 9 and Hawk Weighty rockets and Mythical serpent shuttle.

The improvement of an ML framework that utilizes PC vision to screen the creation cycle and fix material dealing with shortcomings continuously. The fundamental benefits of 3D printing are diminishing expenses, less waste, decreased time, getting an upper hand, lessening mistakes, classification, and creation on request.

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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.

Answers

The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.

1. The US Senate passed the 2022 Defense Authorization Act.

2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.

3. The total amount allocated for the Defense Authorization Act is $768 billion.

4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.

5. The Act represents a 5% increase in the US defense budget when compared to the previous year.

6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.

7. The Act was passed overwhelmingly, indicating strong support from the Senate.

8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.

9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.

10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.

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Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol?

Answers

Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol? In most countries around the world, the legal drinking age is 18 years old or above. In the United States of America, it is 21 years old.

Leslie, born in 2002, is currently 19 years old. This implies that Leslie can purchase alcohol if she resides in a country where the legal drinking age is 18 years or above.

A few countries, such as Italy, allow 16-year-olds to drink beer or wine with a meal if they are accompanied by an adult.

However, these laws vary from one country to another, and the safest bet is to look up the drinking laws in your specific country or region to learn more about legal drinking ages.

Alcohol is harmful when consumed in excessive quantities, causing mental and physical problems.

Thus, it is critical to consume alcohol responsibly, regardless of the legal drinking age in one's region. If Leslie chooses to drink alcohol, she should only do so in moderation and not become addicted to it.

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Which of the following is an example of an adjusting entry?
A. Revenue that has been billed but not yet paid
B. Revenue from a prior accounting period
C. Revenue in the form of products as opposed to cash
D. Revenue that has been billed and paid

Answers

The correct answer is option A. An example of an adjusting entry is Revenue that has been billed but not yet paid

What is an adjusting entry?

These are entries that share correct amount between income and expenditure in the period they occur, usually at the end of the financial period.

It is to be noted that adjusting entries are alteration made to journal entries that have been previously recorded.

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Please Help!!!!

What are some reasons that companies might not be addressing Gen Y leadership development programs? Discuss

Answers

Due to the way they were taught, Generation Y really has a propensity to struggle with problem solving, failing, accepting and learning from errors, and having realistic expectations. Independence, accountability, and responsibility are all reduced.

What tactics should managers take when interacting with Generation Y workers?

What Every Manager Needs to Know About Managing Generation Y

Help them get used to working there without alarming or insulting them.Provide them trustworthy educational experiences that will enable them to be successful in their careers.Prevent them from self-destructing.

What can be a drawback for Gen Y workers?

The stereotypes about millennials include being too relaxed, impatient, and lazy. Employers of Generation Y workers say that these people have low standards for pay, a poor work ethic, and difficulty focusing and concentrating. They seem to be hopping jobs in an outrageous manner.

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The manager of the main laboratory facility at CapitalHealth Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year. (Click the icon to view the data.) Use the high-low method to determine the laboratory's cost equation for total laboratory overhead. Use your results to predict total laboratory overhead if 3,000 lab tests are performed next month.
Number of Lab Tests Performed Total Laboratory Overhead Costs Month January February March ....... 2,800 2,600 3,100 April 3,550 $21,500 $22,700 $27,900 $31,400 $28,500 $19,500 $14,500 May ....... 3,700 1,200 June July 1,400

Answers

Answer:

Total cost= $26,668

Explanation:

Giving the following information:

Highest cost= $31,400

Lowest cost= $14,500

Highest activity= 3,700

Lowest activity= 1,200

To calculate the variable and fixed costs, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (31,400 - 14,500) / (3,700 - 1,200)

Variable cost per unit= $6.76

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 31,400 - (6.76*3,700)

Fixed costs= $6,388

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 14,500 - (6.76*1,200)

Fixed costs= $6,388

Now, for 3,000 tests:

Total cost= 6,388 + 6.76*3,000

Total cost= $26,668

What are some different demographic segmentations Amazon can identify to understand customer behavior?

Answers

Answer:

According to Amazon, the demographics report “shows Brand Owners the breakdown of their Amazon customers (in aggregate) by age, household income, education, gender, and marital status.

hope this helps <3

Why do you want become entrepreneur

Answers

Answer:

It earn a living.

Explanation:

hope that will help you

You get to become your own boss. And earn more money wherever you want.

Claudia is hired as a Senior Engineer by Hexagon Inc. Allen, the HR Manager of the company, promises her that she will start working on live projects within three months from joining. He also tells her that she is expected to give three months' notice before quitting the job. Which of the following statements is true of the given scenario?

a. Claudia is an at-will employee.
b. Allen has violated an employment law by making a promise.
c. Claudia has an implied contract with the company.
d. Hexagon Inc. cannot be challenged in a court even when it fails to follow up on its promises.

Answers

Answer:

d. Hexagon Inc. cannot be challenged in a court even when it fails to follow up on its promises.

Which is the most accurate definition of body language?
inappropriate comments about a coworker's size or shape
nonverbal communication of a person's thoughts and attitudes
slang words used to discuss people who aren't in the room
the range of words a person uses in verbal communication

Answers

Answer:

nonverbal communication of a person's thoughts and attitudes

Explanation:

I think

Select the correct answer how many justices must agree to an opinion for the Supreme Court to issue a decision

Answers

A majority of the justices, or five out of the nine on a full Court, must agree. The opinion has been written at this point. This is the court's judgment in writing.

What is the significance of the Supreme Court?

In our system of government based on the Constitution, the Supreme Court is incredibly significant.

First and foremost, it acts as the final resort for anyone looking for justice because it is the nation's highest court. Second, it is crucial for ensuring that each arm of government understands the boundaries of its own authority because of its ability to conduct judicial reviews.

Third, it defends civil liberties and rights by overturning unconstitutional legislation. Finally, it establishes reasonable boundaries for democratic government by preventing popular majorities from passing legislation that discriminates against or unfairly benefits unpopular minorities.

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Which of the following are trade-offs faced by a recent college graduate deciding whether to go to graduate school? Check all that apply.
Graduate school means fewer years of on-the-job experience.
Many of her friends decide to go to graduate school.
✓ If she goes to graduate school, she won't be able to start a new job and repay her existing student loans.

Answers

Trade-offs faced by a recent college graduate deciding whether to go to graduate school are

Graduate school means fewer years of on-the-job experience, If she goes to graduate school, she won't be able to spend as much time with her family, Taking out more student loans means she may not able to purchase the new car she needs.

A student loan is a type of loan designed to help scholars pay for post-secondary education and the associated freight, similar to education, books and inventories, and living charges.

moment, theU.S. Department of Education( Department) blazoned a final extension of the pause on pupil loan prepayment, interest, and collections through December 31, 2022. still, the maximum quantum you can adopt each time in Direct Subsidized Loans and Direct Unsubsidized Loans ranges from$ 5, 500 to$ 12, If you're an undergraduate pupil.

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Answers

Answer:

that is really good

Explanation:

__________ technology uses a continuous Internet connection that allows users to send and receive mammoth files that include voice, video, and data much faster than ever before.

Answers

Broadband technology is the technology uses a continuous Internet connection that allows users to send and receive mammoth files that include voice, video, and data much faster than ever before.

What is Broadband technology ?

Broadband technology, can be desceibed as the technology which involves the telecommunications devices, as well as the lines, or which allow communication over a wide band.

It shoud be noted that this technology make use of broad of frequencies, which do encompass the range of frequencies having differnt independent channels which is been used for ransmission.

In conclsion the technology that is been described above is ben used in the process of receiving mammoth files which could encompass voice, video and it is been used by the indivduals as well as the organization that run business with customers around the world or within the country.

Answers

Answer: Guy on the top is so wrong

What is black and white and read all over?

Answers

The thing that is black and white and read all over is known to be called the Newspaper.

What can be read everywhere in black on white?

The use of the black and white in Newspaper is symbolic. The contrast of white and black (light and darkness, day and night) has a long history of metaphorical usage that may be seen in the Pythagorean Table of Opposites and dates back to the Ancient Near East. Both in Confucianism and Western culture, the contrast stands for the moral dualism of good and evil.

Note that Photography in black and white has a strong emotional appeal. An photograph naturally becomes more timeless and nostalgic when the color is removed from it, and it might take you back to bygone eras. Black & white photography forces us to pay attention to the image's narrative without getting sidetracked by color.'

Therefore, The news of the globe is published in newspapers. Newspapers offer general knowledge and information. News regarding a nation's economy, sports, business, etc., can be found in newspapers. It's a good habit to read the newspaper, and it's already a part of contemporary life and it is often done anywhere one find themselves.

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operations management course concept

Answers

The operations management course concept refers to the systematic design, direction, and control of the processes that transform inputs such as raw materials, energy, and labor into outputs such as goods and services that satisfy customer needs.

This management process includes inventory management, scheduling, supply chain management, quality control, and more. The goal of operations management is to create efficient processes that maximize productivity while minimizing costs.

Students taking an operations management course learn about these concepts and how to apply them to real-world situations in various industries. They also study topics like process design, project management, lean principles, and decision-making models.

The course is usually offered as a part of business administration, engineering, or industrial technology programs. Graduates of the course may go on to careers as operations managers, logistics managers, supply chain analysts, process improvement specialists, or manufacturing engineers, depending on their areas of focus and interests.

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Hofstede's Cultural Dimensions

The most important factor influencing international HRM is the culture of the country in which a facility is located. Culture affects employees' worldview and the norms and values they hold. Culture has a pervasive influence on other important attributes of a country, such as its legal system, human capital, economic system, and political system. As a result, culture strongly determines the effectiveness of most HRM practices. This makes a thorough understanding and appreciation of culture key for managing human resources globally

Hofstede's classification of cultural attributes has become one of the most commonly used methods for understanding culture. He identified five dimensions on which various cultures could be classified: (1) individual-collectivism, (2) power distance, (3) uncertainty avoidance, (4) masculinity-femininity dimension, and (5) long-termâshort-term orientation.

Carlos and Mary have just been assigned to work in foreign subsidiaries of their company. Carlos has worked in the headquarters of his company for five years and has now been given his first overseas assignment. Mary has just finished successfully turning around the struggling operations of one foreign subsidiary at her company and has now been tasked with doing the same in a different country.

Read the statements and explanations for each statement below, then for each select which is the correct cultural dimension.

a. High Individualism

b. High Collectivism

c. High Power Distance

d. Low Power Distance

e. High Uncertainty Avoidance

f. Low Uncertainty Avoidance

g. High Masculinity

h. High Femininity

i. Long-Term Orientation

j. Short-Term Orientation

1. In Carlos' experience, people in this country seek to reduce inequalities in money and wealth.

2. In Mary's experience, individuals in this culture tend to live in the moment' instead of planning for the future.

3. In Carlos' experience, this culture places an emphasis on making investments that might have low current benefits but are expected to be profitable in the future.

4. In Maryâs experience, people in this culture like to show off, make money, and achieve highly visible accomplishments.

5. In Maryâs experience, people in this country rarely address others by their first names, instead relying on titles.

6. In Mary's experience, people in this country tend to look after their own interests instead of seeking protection from their larger community.

7. In Maryâs experience, this culture values rules, structure, and stability.

8. In Carlos' experience, people in this culture expect the larger community to protect them when they are in trouble.

9. In Carlos' experience, people in this culture are easygoing and flexible regarding different views.

10. ln Carlos' experience, this culture places a high value on protecting the natural environment and preserving quality of life, even if it means making less money.

Answers

Answer:\a. High Individualism.

Explanation:

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A sports car traveled a distance of 312 miles in 6 hours. Traveling at the same speed, what distance would this sports car travel in 8 hours? (5 points)

a
234 miles
b
360 miles
c
416 miles
d
474 miles

Answers

A sports car traveled a distance of 312 miles in 6 hours. Traveling at the same speed, distance that this sports car would travel in 8 hours will be 416 miles

It is calculated as below:

Calculation of miles per hour= total distance/total hours taken

=312/6

= 52 miles per hour

Calculation of total distance= Distance travelled in one hour* No. of hours

= 52 x 8 = 416 miles

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Dylan made a presentation on the organization of the federal government of the United States. What indicates that Dylan's presentation was
well organized?

Answers

Answer:

The presentation made good use of visual aids.

Explanation:

Given that a well-organized presentation is a type of presentation that attracts and satisfies the audience's curiosity and at the same time is well relevant to the topic of discussion.

Hence, in this case, the correct answer to the question is "The presentation made good use of visual aids."

This is because the visual aids in the presentation attract the audience and at the same time depicts relevant points to the topic

what amount of Capital could be raised by Transnet

Answers

The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.

What is Transnet?

This is the name of a railroad company that was established in South Africa. The company is known for the fact that it is a port, a rail and a pipeline company in the nation.

According to the goals of the company, there goal is to grow the business to have a R100 billion business by 2020. This business is a limited liability company that is owned majorly by the Department of Public Enterprises of South Africa. The government of the country are known to be the sole share holder that the business has in the nation.

So based on the question that we have here we can conclude that the The amount of capital that Transnet is said to be able to raise is put at R100 billion business by 2020.