Consider the above dataset consisting of 3 binary attributes ("attr1', 'attr2', 'attr3') and one binary 'class'. There are 14 total training instances. The goal is to build a decision tree using the ID3 algorithm. Starting with the entire dataset and following the algorithm discussed in the class, provide the information gain values for all the four attributes. Provide answers rounded to 4 numbers after the decimal point (e.g., if the calculated value is either 0.1, 0.11114, 0.11115, you must provide 0.1000, 0.1111, 0.1112 as the answer respectively) Information Gain for 'attr1' attribute - Information Gain for 'attr2' attribute - Information Gain for 'attr3' attribute -
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As Information Gain for attr3 is more. we choose attr3 to split.
Information Gain for 'attr1' attribute = 0.1281
Information Gain for 'attr2' attribute = 0.0391
Information Gain for 'attr3' attribute = 0.3960
An algorithm was invented by Ross Quinlan for generating decision trees from data sets. ID3 is the predecessor of C4. 5 algorithms, commonly used in machine learning and natural language processing. The main advantages of ID3 are: Creates easy-to-understand prediction rules from training data.
You can use the ID3 algorithm to build a decision tree for regression by replacing information gain with standard deviation reduction. Decision trees are built top-down from the root node and should divide the data into subsets containing instances with similar values. Build a short tree in a relatively short amount of time. Only enough attributes should be tested until all data is classified.
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Related Questions
which of the following reforms were part of the third wave of regulatory reforms that came in the 1960s and 1970s?
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the groups hooked up have a broader mandate - the organizations established are much less likely to be influenced by a single industry reforms were part of the third wave of regulatory reforms that came in the 1960s and 1970s.
What is institution of agencies?A authorities employer may additionally be hooked up by using either a countrywide authorities or a nation authorities inside a federal system. Agencies can be hooked up by means of law or by govt powers. The autonomy, independence, and accountability of authorities businesses additionally fluctuate widely.
Why was once the organisation established?The first administrative organization was once created with the aid of Congress in 1789 to furnish pensions for wounded Revolutionary War soldiers. Also in the late 1700s, corporations had been created to decide the amount of duties charged on imported goods, however it used to be not until 1887 that the first everlasting administrative organisation was created.
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https://brainly.com/question/25701422#SPJ4it was discovered that a person becomes neurotic because he cannot tolerate the amount of frustration which society imposes on him in the service of its cultural ideals, and it was inferred from this that the abolition or reduction of those demands would result in a return to possibilities of happiness.
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The Pleasure Principle and the Reality Principle-Freud contends that the only goal in life that everyone can agree on is to be happy.
What is citizens acoording to Frued ?Happiness can only be obtained in its purest form through the pleasure principle (living for the satisfaction of all needs, for pleasure).
Sigmund Freud published Civilization and Its Discontents in 1930, outlining his theory of civilization: civilization is a problem that makes us unhappy.
Freud believed that humans are aggressive creatures by nature, and that we enjoy expressing our aggression and hurting one another.
The whole sum of the achievements and regulations which distinguish our lives from our animal ancestors. It serves two purposes: it protects us from nature and it adjusts our mutual relationships.
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A delivery service places packages into large containers before flying them across the country. These filled containers vary greatly in their weight. Suppose the delivery service's airplanes always transport two such containers on each flight. The two containers are chosen so their combined weight is close to, but does not exceed, a specified weight limit. A random sample of flights with these containers is taken, and the weight of each of the two containers on each selected flight is recorded. The weights of the two containers on the same flight (a) will have a correlation of 0 (b) will have a negative correlation (c) will have a positive correlation that is less than 1 (d) will have a correlation of 1 (e) cannot be determined from the information given
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Weights of the two containers on the same flight will have a negative correlation." So, the correct option is (b) will have a negative correlation.
A negative correlation may be a relationship between two factors in which an increment in one variable is related to a decline in the other. The perfect negative linear correlation between two variables is indicated by a correlation coefficient of 1 or -1.
The correlation coefficient between the weights of the two containers will be less than 1 because there is some variation in the weights of the containers.
The two containers are regularly chosen so that their add up to weight is near to, but does not exceed the stipulated weight confinement. The suggestion is that if one container is heavier than normal, the other one must too be lighter.
Therefore, the weight of two containers on the same flight will have a negative correlation. Option b. is correct.
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Using the percentage-of-receivables basis, the uncollectible accounts for the year is estimated to be $33,000. If the balance for the Allowance for Doubtful Accounts is a $5,000 credit before adjustment, what is the amount of bad debt expense for the period? a. $5,000 b. $28.000 c. $33,000 d. $513,000
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$513,000 is the amount of bad debt expense for the period. The percentage of bad debts that a company anticipates may encounter is calculated using the percentage of receivables method.
The method is used to fill out the allowance for dubious accounts, a counter account that deducts from the asset for accounts receivable. Divide the entire accounts receivable for a period by the bad debt amount, then multiply the result by 100. The main benefit of employing the percent of receivables technique is that it gives more accurate findings than others because it takes into account the company's real receivables as well as the length of time they have been past due.
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the small business administration: lends exclusively to small business investment companies that in turn lend to small businesses makes only working capital loans lends to businesses with reasonable prospects of repayment but which cannot obtain credit through private channels makes loans at lower than market rates
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Small business administration leads to businesses with reasonable prospects of repayment but which cannot obtain credit through private channels. Option C.
A term loan is one of the most common types of small business loans and is a lump sum payment of cash that is repaid over a period of time. Monthly payments are usually fixed and interest is added to the principal.
They offer short and long-term loan lines of credit cards and other small business debt options. to better manage expenses and business fluctuations. There are two basic types of financing available for small businesses debt financing and equity financing. Banks and other credit institutions are a common form of debt financing for small businesses.
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The four-firm concentration ratio, expressed as a percentage, is the ratio of the total industry _____ of the four largest firms in an industry relative to total industry sales.
sales
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The output (sales) of the top four companies in an industry as a percentage of the overall sales of the sector is known as the "four-firm concentration ratio."
How concentrated is the four-firm ratio?The market share of the top four companies is shown, for instance, by the four-firm concentration ratio (CR4). A highly concentrated industry has a higher ratio of concentration. When the CR4 exceeds 50%, a market is typically seen as being very concentrated.By summing the market shares of the four largest companies, 16 + 10 + 8 + 6 = 40, one can determine the four-firm concentration ratio. Since the top four companies account for less than half of the market, this concentration ratio would not be seen as particularly significant.The output (sales) of the top four companies in an industry as a percentage of the overall sales of the sector is known as the "four-firm concentration ratio."To learn more about Four-firm concentration ratio refer to:
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calculate the payback period, if the cost to renovate a restaurant is $30,000 and the project will generate annual incremental cash flows of $15,000.
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For the following case the payback period will be 2 years in which total cash flow will be recovered.
How long is the payback time, exactly?The term "payback time" refers to the amount of years needed to recoup the initial monetary outlay. It is, in other words, the length of time that a machine, facility, or other investment has generated enough net income to pay its investment costs.
Briefing:First year project will generate 15,000 then the next year incremental cash flow will also be 15,000. Total cash inflow at year 2 will be equal to cash outflow, this will be the payback period, period at which cash outflow is fully recovered.
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A dealer that holds a large long inventory position should: O a. Raise the ask price. eb. Lower the ask price. C. None of the above.
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A dealer that holds a large long inventory position should do None of the above options.
Holding a large long inventory position does not necessarily mean that the dealer should adjust the asking price. Depending on the market conditions and the type of inventory, the dealer may choose to keep the asking price constant or raise or lower it. The dealer might also decide to hedge their long position by taking a short position in the futures market to protect against losses.
The dealer might also liquidate some of their long position if they feel the market is overvalued. Ultimately, the dealer must decide what is best for their business and inventory in order to maximize profits.
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1. When you compose a message, you want your audience to find the information it needs quickly and to understand it. Your message should be easy to read and comprehend.
Strategic use of white space improves document readability. Which of the following techniques employ white space? Check all that apply.
Using bulleted and numbered lists
Using headings
Using serif typeface
Using parallel structures2. A WIDE variety of typefaces are available for business writers. Different typefaces suggest different purposes and occasions.
True or False: This selection uses a serif typeface.
True
False
Headings are important for visual impact and readability. Which of the following sentences about headings are true? Check all that apply.
Headings often appear in business reports.
Headings should not be used in formal documents.
Headings increase the skim value of a message.
3. Read the following sentence, and determine which technique is most applicable to improve its readability.
Please follow these steps when filling out an expense report: begin by writing your name, date, and position; record the exact expense amount; and obtain your supervisor’s signature.
Developing parallelism for balance
Using numbered or bulleted lists
Using graphic techniques
Choose the heading that is best at highlighting information and improves readability.
Financial Analysis of ABC Corp.
The Truth About ABC Corp. Profitability
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Using bulleted and numbered lists techniques employ white space. It will improve readability.
Tips on how to improve the readability of your writing: Use short, simple sentences, Use common, everyday words, Use active voice, Keep your paragraphs short, Use headings and subheadings, Use lists, Highlight key points and Use visuals.
Readability is the ease with which a reader can understand a written text. It is a measure of the clarity and comprehensibility of a text and is used to determine the level of difficulty of a text. The readability of a text can be affected by many factors, such as the length of the sentences, the use of jargon, and the level of difficulty of the subject matter.
Hence, the correct option is "FIRST".
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when machine-hours are used as an overhead cost-allocation base, the most likely cause of a favorable variable overhead spending variance is . question 18 options: the production scheduler efficiently scheduled jobs strengthened demand for the product a decline in the cost of energy excessive machine breakdowns
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a decline in the cost of energy excessive ,machine breakdowns a decline in the cost of energy.
What is fixed overhead budget?The fixed overhead budget variance is also known as the fixed overhead spending variance. Fixed overhead costs are the indirect manufacturing costs that are not expected to change when the volume of activity changes.
What comes under fixed budget?A fixed (static) budget presents budgeted amounts at the expected capacity level. It is best used when the department's activities (e.g., sales) are stable. A deficiency with the static budget is the lack of flexibility to adjust to unexpected changes.
How is static budget calculated?To calculate a static budget variance, simply subtract the actual spend from the planned budget for each line item over the given time period. Divide by the original budget to calculate the percentage variance
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according to the u.s. federal trade commission, country of brand and country of design are required to be displayed for all textile and apparel products.
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According to US federal trade commission, the country of brand and country of design should display 60% cotton and 40% polyester for all textile and apparel products.
With some exclusions regarding banks, insurance corporations, non-profits, transportation, and communications common carriers, air carriers, and some other entities, the Federal Trade Commission enforces a variety of antitrust and consumer protection laws affecting almost every sector of trade.
Materials comprised of natural, synthetic, or a combination of both fibers, thin threads, or filaments are known as textiles. There is a huge range of textile fiber types accessible, and they can be divided into natural (organic) fibers and man-made (synthetic, industrial) fibers.
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in markets with imperfect information: question 10 options: buyers and sellers will use resources to acquire information before making decisions buyers will use resources to acquire information before making a decision, but sellers do not need to acquire additional information before making a decision sellers will use resources to acquire information before making a decision, but buyers do not need to acquire additional information before making a decision neither buyers nor sellers will be able to acquire information in order to make decisions
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Markets can handle imperfect information in a variety of ways.In markets for goods, customers who have limited knowledge of the products might rely on money-back guarantees.
How do markets respond to imperfect data? Markets can handle incomplete information in a variety of ways.Buyers in markets for goods may rely on money-back guarantees, warranties, service contracts, and reputation when they have incomplete knowledge about the products they are purchasing.Uncertainty or ignorance can also contribute to inaccurate information.Information becomes another need or demand if the market participant is aware that better information is available.Information may be purchased through a business deal and turn into a commodity that costs the buyer or seller money.If the buyer or seller lacks sufficient knowledge, they will make decisions based on insufficient data and produce inefficient results, which will result in market failure.To learn more about imperfect information refer
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the accountant at swiftly company is figuring out the difference in income taxes the company will pay depending on the chouice of either fifo or lifo as an inventroy costing method the tax rate is 30 and the fifo method will result in income before taxes of 8100
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The typically raise that the tax difference between the two ways would be paid as follows: = 2,622 - 2,430 = 192.00.
What exactly is taxation?
Taxation is indeed the imposition of obligatory taxes on individuals or companies by governments in practically every country of the globe. Although it can be used for other things as well, taxes are typically utilized to raise money for government spending.
The importance of taxes.
Governments utilize the money they acquire through taxes to fund social projects, thus taxes are essential. Government initiative to the medical sector would not be possible without taxes. Social care, health research, social security, and other health-related services are all funded by taxes.
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Suppose a tax of $5 per unit is imposed on a good. The supply curve is a typical upward-sloping straight line, and the demand curve is a typical downward-sloping straight line. The tax decreases consumer surplus by $10,000 and decreases producer surplus by $15,000. The deadweight loss of the tax is $2,500. The tax decreased the equilibrium quantity of the good from a. 6,500 to 5,500. b. 5,500 to 4,500. c. 5,000 to 3,000. d. 6,000 to 4,000.
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The tax decreased the equilibrium quantity of the good 5,500 to 4,500
what is mean by equilibrium?
The Latin word libra, which means weight or balance, is the origin of the word equilibrium.A situation is in equilibrium when multiple forces or factors are in balance.a situation when conflicting forces or actions are evenly distributed and neither is stronger or more significant than the other.Stable equilibrium, Unstable equilibrium, and Neutral are the three stages. Biology, chemistry, physics, and economics all have different definitions of equilibrium, yet they all refer to the harmony of opposing forces.When all of the forces acting on an object from outside the system of reference are balanced, the object is said to be in equilibrium.To learn about equilibrium refer to
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___ refers to a team strategy that entails simultaneously emphasizing internal team building and achieving external visibility. Informing O Probing Liquidating Parading Crowdsourcing
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Option D is correct, Parading refers to a team strategy that entails simultaneously emphasizing internal team building and achieving external visibility.
A team strategy is a planned, well-organized arrangement that helps the team achieve its objectives as a whole. Effective strategies need well-considered, practical parameters that the team as a whole builds.
You must give everyone an opportunity to speak in order to develop a successful strategic strategy. Organizing break-out sessions where participants can discuss their ideas in smaller groups or with a partner is one technique to encourage idea sharing and achieve external visibility.
Making a meaningful strategy involves learning how to establish a team strategy, including everyone in the strategic planning process, being realistic about your end goals and how you're going to get there, and communicating with your staff.
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1.Institutions that help to match one person's saving with another person's investment are collectively called theA.Federal Reserve system.B. banking system.C.monetary system.D.financial system.
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Institutions that help to match one person's saving with another person's investment are collectively called the financial system.
What are the financial system's components and purposes?An economic structure known as a financial system allows for the transfer of assets and money between lenders, investors, and borrowers with the help of financial institutions. Its purpose is to effectively allocate economic resources in order to stimulate economic growth and produce a return on investment (ROI) for market players.
Why is the financial system crucial?A stable financial system is capable of effectively allocating resources, identifying and managing financial risks, preserving employment levels close to the natural rate of the economy, and preventing relative price movements of real or financial assets that could jeopardize monetary stability or employment levels.
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a caesar cipher uses a plaintext character to compute two or more encrypted characters, and each encrypted character is computed using two or more plaintext characters.
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When something is "appended," it is done so at the end of another thing. By opening a file in the "a" mode, you can add content to it. When we wish to add a new line to something, we can open it in "a" mode (append), then execute the write() method while supplying the content we want to append as an argument.
Describe an example of plaintext.
Email messages that merely contain text, for instance, are known as plaintext emails. Plaintext communications are frequently used in marketing emails since HTML-encoded messages and messages with additional binary components are frequently blocked by spam-filtering software.
What are ciphertext and plaintext?
It is in plaintext if you can understand what is written. Ciphertext, often known as encrypted text, is a collection of randomly generated letters and numbers that are incomprehensible to humans. A plaintext message is input into an encryption algorithm, which then processes the plaintext to create ciphertext.
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Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century. Group of answer choices True False Which of the following magazines underwent a digital remaking following the introduction of a metered paywall in 2014? Group of answer choices The New Yorker Sports Illustrated Time Newsweek
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1. True, Revenue generated by online TV and movies is expected to grow by nearly 30% between 2018 and 2021.
2. True, 1. Group of answer choices True False Millennials are the first generation to be born into the digital revolution of the twentieth century.
3. The New Yorker Sports underwent a digital remaking following the introduction of a metered paywall in 2014
What is meant by digital remaking?The act of employing digital technology to build new business processes, cultures, and customer experiences—or adapt current ones—in order to satisfy shifting business and market requirements is known as digital transformation. Digital transformation refers to this reinvention of company in the digital age.
Business executives must be willing to make significant changes as a result of digital transformation, even if those changes go against their current goals and convictions. Automation and data-driven insights may help a business realize that its current methods are ineffective or wrong.
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effective supervisors develop trust and build credibility with employees, peers, and bosses when they .
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Effective supervisors increase trust and construct credibility with employees, peers, and managers when they Keep skills and competencies up to date.
Credibility is a judgment that the target market makes about how plausible the communicator is, adds psychologist Dan O'Keefe. And it is vital because human beings frequently choose to reply to a persuasive message primarily based no longer on the content but on their belief in the communicator.
Credibility as a frontrunner is essential because personnel needs to have the guarantee that whilst you are coping with them and assessing their performance, you are equipped and trustworthy.
Credibility is crucial for leaders fact trust is what holds leaders and fans collectively. Credibility takes time to broaden and may quickly slip away through missteps.
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According to the Small Business Administration, a small business is an independent business with fewer than _____ employees
a. 500
b. 100
c. 50
d. 10
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The Office of Advocacy generally defines a small business as an independent business having fewer than 500 employees.
Generally speaking, a small business is a privately held corporation, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business. The definition of "small" varies by country and industry in terms of being qualified for benefits from the government and favorable tax treatment.
The U.S. Small Business Administration establishes what qualifies as a small business based on a set of standards depending on specific industries. In comparison to mid-size and large firms, small businesses may be eligible for specific small business loans and are subject to some additional rules.
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a party who claims that he or she could not understand contractual terms because of tiny, hard-to-read print on the back of an agreement and the excessive use of legalese is referring to which of the following? question 36 options: an in pari delicto agreement procedural unconscionability substantive unconscionability commercial impracticability adhesion conscionability
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A party who claims that he or she could not understand the contractual terms because of tiny, hard to read print on back of an agreement and the excessive use of legalese is referring to procedural unconscionability.
Procedural unconscionability which refers to the unconscionability in how a contract was said to be formed between the parties. This is now said to result from one party having a significant advantage over the another, that is, bargaining power and intelligence.
So a party who claims that he or she could not understand contractual terms and the excessive use of legalese is referring to procedural unconscionability as it describes a condition which tends to impair one party's understanding of the contract.
Hence, the unconscionability derives from the process of making a contract.
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Counselors can encourage ethnic minority clients to learn skills they can use to interact successfully with various forces in their community by acting as their:
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Counselors can encourage ethnic minority clients to learn skills they can use to interact successfully with various forces in their community by acting as their consultant.
Who in the UK is an ethnic minority?Except for the white British group, all ethnic groups are referred to as "ethnic minorities" in this context. White minorities like the Gypsy, Roma, and Irish Traveler communities are examples of ethnic minorities.
Which ethnic minority is a good illustration of?Numerous studies conducted in the United States have revealed stark and enduring disparities in health among racial and ethnic minorities (including Blacks/African-Americans, Hispanics/Latinos, Asians and Pacific Islanders, as well as American Indians and Alaska Natives) across a wide range of significant health indicators.
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A ______ identifies the best media to use to deliver an advertising message to a targeted audience and is a subsection within a marketing communications plan.
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A media plan identifies the best media to use to deliver an advertising message to a targeted audience and is a subsection within a marketing communications plan.
What is a media Plan?The audience that will be targeted, the channels that will be used, the timing, and the message will all be specified in a media plan. A set of advertising chances that target a certain audience and work with the company's marketing budget will come from an efficient media plan.
Why is a media plan important?Successful media planning entails that the company uses advertising to grow its clientele, boost its market share, increase consumer brand awareness, and solidify its reputation. Planning enables easy and cost-effective achievement of the brand's goals and identification of key crucial areas for promotional activities.
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The biggest difference between National Incident-Based Reporting System (NIBRS) and Supplementary Reporting system (SRS) is ______.
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The biggest difference between National Incident-Based Reporting System (NIBRS) and Supplementary Reporting system (SRS) is having communities safer.
The Supplementary Reporting system in the United States is not count in ordered can be submitted at a continued hearing and to provide the court with a new information about the reporting.
In the Supplementary Reporting system is the information which is used to collect monthly counts of the number of crimes known to law enforcement from many agencies in the United States.
A system that gathered information on each occurrence of reported crime. The NIBRS mandated local law enforcement agencies to submit at least a brief narrative of each incident/arrest, which set it apart from the UCR.
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beaver creek corporation stock is currently selling for $58.00. it is expected to pay a dividend of $5.00 at the end of the year. dividends are expected to grow at a constant rate of 7.5% indefinitely. compute the required rate of return on beaver creek corporation stock. group of answer choices 13.64% 12.48% 15.65% 16.12%
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The required rate of return on beaver creek corporation stock will be 16.12%
The minimal profit (return) an investor will seek or expect in exchange for taking on the risk of investing in a stock or other type of security is known as the required rate of return (RRR).
RRR can also be used to determine a project's potential profitability in relation to its funding costs. RRR denotes the degree of risk associated with committing to a particular project or investment. The level of risk increases as return increases.
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Which of the following statements regarding global segmentation is true? Companies must continually adjust products and marketing strategies to meet the changing needs of global markets. Global segmentation activities are far less complicated than the same activities in the domestic market. When developing a global segmentation strategy, it is best to define segments by geography alone. The "golden rule" for global segmentation is to never alter a firm's marketing mix to serve the needs of global markets.
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Companies must continually adjust products and marketing strategies to meet the changing needs of global markets
What do you mean by global market segmentation?
Global market segmentation is the process of identifying separate groups of prospective customers with homogenous features who are anticipated to exhibit comparable purchasing behavior, such as nation groups or individual consumer groups across nations. Segmentation is a critical strategic tool in international marketing since it determines whether a company is considered international or global, depending on the depth and scope of segmentation. While a global company views the entire world as a market and then divides it into manageable divisions, an international company has different marketing tactics for various country segments. The three primary segmentation techniques used in international marketing are macro-segmentation, micro-segmentation, and the hybrid approach.
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_____ costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another.a. Switchingb. Transferc. Conversiond. Shillinge. Infiltrating
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Switching costs are the costs associated with changing from one choice, such as a brand, retailer, or service provider, to another. Thus the correct option is A.
What is a Retailer?A retailer is referred to as a channel of distribution that purcahse goods from wholesalers in small amounts and sells them to customers. he is a direct link with customers so able to understand the demands taste and preferences towards products.
The expenditures a customer incurs when switching brands or products are referred to as switching costs. Switching costs are substantial because they enable businesses to sustain sales while also increasing brand recognition.
By decreasing the likelihood that a consumer will move to an alternative product rather than continuing with your brand, higher switching costs naturally reduce defection.
Therefore, option A is appropriate.
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FILL IN THE BLANK. according to the text, economists are starting to understand that matter(s) just as much as to occupational success according to the text, economists are starting to understand that matter(s) just as much as to occupational success extroversion; conscientiousness social dynamics; personality dynamics personality traits; cognitive ability iq; cognitive ability
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According to the text, economists are starting to understand that matter(s) just as much as occupational success according to the text, economists are beginning to understand that matter(s) is personality traits.
The five broad personality traits defined by the theory are extraversion (also regularly spelled extroversion), agreeableness, openness, conscientiousness, and neuroticism. The 5 fundamental character trends is a concepts that evolved in 1949 through D. W.
Many present-day persona psychologists believe that there are 5 basic dimensions of personality, frequently called the "big five" personality traits. these five primary personality developments are extraversion (additionally frequently spelled extroversion), agreeableness, openness, conscientiousness, and neuroticism.
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a is a representation of knowledge that helps us draw inferences based on semantic regularities in the world.
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Semantic regularities are features connected to the actions taken in many kinds of scenarios. Perhaps the images we are seeing in our minds are constructed using meaningful patterns from earlier scenes.
Many of us frequently take up a book without any pictures and start imagining an adventure. The reader's mental picture of the events in the story changes with each page turned. But where do these pictures come from? Many people would assume that it is just our imagination creating images of what we want the story to convey. However, studies like the one conducted by Andrew Hollingworth in 2005 imply that it's possible that our ideas are a mirror of what we've already seen and what we anticipate seeing when specific scenarios are named or described. Semantic regularities are features connected to the actions taken in many kinds of scenarios.
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When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to:A. declare personal bankruptcy.B. initiate legal proceedings against the partnership.C. contribute cash to the partnership.D. deliver a note payable to the partnership with specific payment terms.E. None of the above. The partner has no legal responsibility to cover the capital deficitbalance.Answer: C. contribute cash to the partnership.
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When a partnership is insolvent and a partner has a deficit capital balance, that partner islegally required to: contribute cash to the partnership.
What happens when a partner's capital balance is negative?A capital account deficit in your company indicates that you are taking more money out of the account than you are putting in. You would have a capital account deficit of $2,000, for instance, if you deposited $10,000 to your capital account during the fiscal quarter but used $12,000 from it.If a partner's capital account is in the negative, they must pay the partnership the negative sum.Such a capital shortfall when one partner is bankrupt is a loss to the remaining partners who are solvent.A partner is legally compelled to: provide funds to the partnership when a partnership becomes bankrupt and one of the partners has a deficit capital balance.To learn more about partnership refer to:
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