Mae and Joe form a partnership. Mae contributes $3,000 in cash, and Joe contributes his services. Throughout the life of the partnership, Mae also lends the partnership $1,000. Upon dissolution of the partnership, $2,500 is left in the partnership assets after all outside creditors have been paid. Absent a partnership agreement to the contrary, how should the partnership assets be distributed

Answers

Answer 1

Answer:

The partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.

Explanation:

Since Mae and Joe form a partnership, and Mae contributes $ 3,000 in cash, and Joe contributes his services, and throughout the life of the partnership, Mae also lends the partnership $ 1,000, and upon dissolution of the partnership, $ 2,500 is left in the partnership. assets after all outside creditors have been paid, absent a partnership agreement to the contrary, to determine how the partnership assets should be distributed the following calculation must be performed:

Joe = 3000

Mae = 1000

Joe 3: 1 Mae

2500/4 x 3 = Joe = 1875

2500/4 = Mae = 625

Therefore, the partnership assets should be distributed $ 1875 for Joe and $ 625 for Mae.


Related Questions

An unlevered firm has a cost of capital of 12.46 percent and a tax rate of 35 percent. The firm is considering a new capital structure with 35 percent debt. The interest rate on the debt would be 6.68 percent. What would be the firm's levered cost of

Answers

Answer:

Firm's levered cost of capital = 14.48% (Approx.)

Explanation:

Given:

Cost of capital = 12.46 percent = 0.1246

Tax rate = 35 percent = 35%

New capital structure = 35 percent debt = 35%

Interest rate = 6.68 percent = 0.0668

Find:

Firm's levered cost of capital

Computation:

Firm's levered cost of capital = 0.1246 + [35% / (1 - 35%)](1 - 35%)(0.1246 - 0.0668)

Firm's levered cost of capital = 0.1448

Firm's levered cost of capital = 14.48% (Approx.)

Following the bursting of the housing bubble in 2005, KB Homes sold ________ new homes and its stock price ________ dramatically. The result was total losses of $2.4 billion between 2007 and 2010. Group of answer choices fewer; rose

Answers

The available options are:

A)fewer; rose

B)fewer; fell

C)more; rose

D)more; fell

Answer:

1. Fewer

2. Fell

Explanation:

Considering the scenario which led to losses, it can be concluded that Following the bursting of the housing bubble in 2005, KB Homes sold FEWER new homes and its stock price FELL dramatically. The result was total losses of $2.4 billion between 2007 and 2010.

Jessica's company manufacturers a variety of coffee flavors that are sold to retail stores. Her company receives the coffee beans from a distributor in South America who purchased the beans from local farmers. The farmers, distributor, Jessica's company, and the retail stores all make up a _______.

Answers

Answer:

supply chain

Explanation:

supply chain can be regarded as network that is designed to exist between company that is producing a product and its suppliers so that the produced product can be distributed to the final buyer. There are

different activities under this network, these include information as well as people and resources. It could includes wholesaler, retailer and so on.

Spending more money on advertising will make the firms' demand increase – shifting to the right (parallel). Therefore, the firms' demand become more elastic at every price level. Providing examples to support your answer.

Answers

Answer:

Example of such product : Ferrari sports car.   due to various alternatives of sports cars available in the market, when the price level of a Ferrari car increases the demand of the product might become more elastic

Explanation:

When more money is spent on advertising by any firm the demand for the firm's product will most likely increase and this is simply because more potential clients will be reached through advertising.

But when the demand of the goods become more elastic with increase in price level, it is simply because the product has suitable alternatives/competitions in the open market.

Example of such product : Ferrari sports car.   due to various alternatives of sports cars available in the market, when the price level of a Ferrari car increases the demand of the product might become more elastic

The answer to this question

Answers

CPI in 1960 = 29.6

CPI in 1970 = 38.8

Dozen Tangerines in 1960 = 0.31

Dozen tangerines in 1970 = 0.39

Option B

Answered by Gauthmath must click thanks and mark brainliest

Large projects that have long time horizons and a very high complexity can be referred to as Multiple Choice white elephants. mega projects or white elephants. None of these alternatives is correct. mega projects. high risk.

Answers

Answer:

Both Mega Projects and White Elephants.

Conducting a postaudit ______. Multiple select question. provides an opportunity to reinforce and possibly expand successful projects flags any manager's attempts to inflate benefits or downplay costs in a project proposal determines which capital project should be selected for investment provides an opportunity to cut losses on floundering projects

Answers

Answer:

not sure but we all need points

Answer:

Flags any manager's attempts to inflate benefits or downplay costs in a project proposal.

Provides an opportunity to cut losses on floundering projects.

Provided an opportunity to reinforce and possibly expand successful projects.

Explanation:

When working with text boxes and shapes, which tab contains settings for applying shadows and 3-D rotation to objects?

Fill & Line
Effects
Size & Properties
Picture

Answers

Answer:

B) Effects

Explanation:

In Microsoft Presentation the shadows and 3-D rotation option are available inside the Home tab. This option is used to provide special effects on the slides. and other options are not correct that can be described as:

The fill & Line both option working is different from each other the fill option used for fill color in shapes and the Line is used to provide a line in the presentation.The Size & Properties option is used to change the size and property of an object.The picture option is used to insert a picture or modify a picture in the presentation.

Answer:

Effects

Explanation:

A developer purchased two 135-front-foot lots for $22,900 net each and divided them into three lots of equal front footage. The developer sold the lots for $230 per front foot. Calculate the developer's percentage of profit (round to the nearest whole percentage point).

Answers

Answer should be &169.63

If a firm or a nation desires to maximize its output, each productive assignment should be carried out by those persons who Group of answer choices have the highest opportunity cost. have a comparative advantage in the productive activity. can complete the productive activity most rapidly. least enjoy performing the productive activity.

Answers

Answer:

have a comparative advantage in the productive activity.

Explanation:

A person  has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. It means that the person is more efficient in the production of that good when compared with other people.

For example, farmer A produces 10kg of lettuce and 5kg of wheat. Country B produces 5kg of lettuce and 10kg of wheat.  

for farmer A,  

opportunity cost of producing lettuce = 5/10 = 0.5

opportunity cost of producing wheat = 10/5 = 2

for farmer B,  

opportunity cost of producing lettuce = 5/10 = 0.5

opportunity cost of producing wheat = 10/5 = 2

Farmer A has a comparative advantage in the production of lettuce and farmer B has a comparative advantage in the production of wheat

Farmer A should produce lettuce and farmer B should produce wheat in order to maximise output

Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, the long-run effect is most likely to be: an increase in American imports, and a decrease in American exports. an decrease in American imports, and an increase in American exports. an increase in both American imports and exports. a decrease in both American imports and exports.

Answers

Answer:

a decrease in both American imports and exports.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

Some examples of trade barriers are import license, quotas, subsidies, embargo, currency devaluation, local content requirements, tariffs, etc.

A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.

A tariff increase usually reduce the nation's dependence on imports.

Hence, if tariffs are increased, the long-run effect is most likely to be a decrease in both American imports and exports.

Explain in each of the following situations how market forces might give a business an incentive to act in a less discriminatory fashion. A local flower delivery business run by a bigoted White owner notices that many of its local customers are Black. An assembly line has traditionally only hired men, but it is having a hard time hiring sufficiently qualified workers. A biased owner of a firm that provides home health care services would like to pay lower wages to Hispanic workers than to other employees.

Answers

DHEBCEID SODNEJD DIED WD EID WIDE. FEOJCENCIE. FEINC D

What are the roles of agriculture is to maximize the production in the agricultural sector ? ​

Answers

Agricultural modernization prepares conditions for industrialization by boosting labor productivity, increasing agricultural surplus to accumulate capital, and increasing foreign exchange via exports. ... As agriculture becomes more productive, excess labor moves from rural farm jobs to urban manufacturing jobs.

Identify the members of the supply chain who are affected by a high forecast. (Check all that apply.) Multiple select question. The firms that own the supply chain incur the expenses of high forecasting. The operations managers pay for the costs incurred due to high forecasting. The workers pay for the costs incurred due to high forecasting. The customers pay for it in the form of higher prices.

Answers

Answer:

The question would be written again below with options attached this time, so as to aid understanding.

Identify the members of the supply chain who are affected by a high forecast. (Check all that apply.) Multiple select question. A. The firms that own the supply chain incur the expenses of high forecasting. B. The operations managers pay for the costs incurred due to high forecasting. C. The workers pay for the costs incurred due to high forecasting. D. The customers pay for it in the form of higher prices.

The Correct Answer is: Option A (The firms that own the supply chain incur the expenses of high forecasting), and Option D (The customers pay for it in the form of higher prices).    

Explanation:      

Forecasting is a key process that helps companies, firms make financial and operational decisions through the act of predicting demand, supply of a  market. Forecasting helps the firm plan for future price and price fluctuations, and it also helps firms make enough research on the right supply of goods that would be necessary to satisfy demand.              

The customers, from the answer selected, are key members of the supply chain as their tastes, opinions, affect the supplier decisions. High forecast makes the customers pay for it in the form of higher prices.

The firms that own the supply chain incur the expenses of a high forecast. Firms use forecasting to help them develop business strategies. Firms make adequate research on how high forecast affects other members of the supply chain.

A gas station owner properly filed a breach of a noncompete clause in an employment contract case in federal court against a former manager, who began building a similar gas station across the street. The owner's complaint requested money damages and an injunction to stop the construction. The former manager wants a jury trial, but the gas station owner prefers that the issue be litigated before the judge. Can the former manager demand a jury trial for both claims

Answers

Answer:

No, because, while the Seventh Amendment gives both the plaintiff and defendant the right to demand a jury trial in civil actions, when a case presents both legal and equitable claims, the right is only preserved for all legal claims, not equitable claims.

Explanation:

Equitable claim is one that requests an injunction from a court. That is the court is asked to compel another party to either take an action or refrain from taking an action. The focus is to prevent a future harm.

A legal claim is one that where the plaintiff proves harm done against their person and he is seeking compensation for harm inflicted.

The Seventh Amendment gives parties the right to request a jury trial only on legal claims.

In the given scenario the case is one that is an equitable claim. The owner's complaint requested money damages and an injunction to stop the construction. This is done to stop breach of the non-compete.

As the Seventh Amendment only allows jury trial for legal claims, the former manager cannot demand a jury trial.

An attorney participated in a program sponsored by a nonprofit association to provide representation at no cost to low-income individuals involved in tax disputes with the Internal Revenue Service (IRS). The attorney, who initially lacked the expertise necessary to properly represent such individuals, attended classes sponsored by an organization through which she gained sufficient knowledge of the tax law to competently represent such individuals. After satisfactorily representing several individuals referred to the attorney by the organization, the attorney learned from a friend about a store clerk with limited means who was involved in a dispute with the IRS regarding a previously claimed earned income tax credit. The attorney made a phone call to the store clerk, with whom she had had no previous contact either professionally or personally, and offered to represent the store clerk without charge in her tax dispute with the IRS. Was the attorney subject to discipline for making the phone call

Answers

No, the attorney is not subject to discipline.

Within legal parlance, when a person becomes subject to discipline, it means that he or she has been found guilty of breaking the rules, guidelines, or regulations of the profession and could be punished or disciplined as a result.

In the question above, the attorney had not only attended classes/training required to enable them to provide legal representation to clients who have dispute issues with the Internal Revenue Service (IRS) but had also satisfactorily represented such clients.

In other words, he holds both the foundational training in law, the specialist training in IRS matters, and the experience required to represent the store clerk.

It is also constitutional for the state to provide pro-bono legal representation to those who could not afford it.

The attorney, therefore, was not subject to discipline.

Learn more about legal representation here:

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MC Qu. 05 Within the marketing concept, a service... Within the marketing concept, a service orientation is an integrated organizational effort that revolves around Multiple Choice finding out what consumers want and providing it for them. making goods and services that will earn the most profit. training employees to sell services in unique ways. making sure customers are satisfied.

Answers

Answer:

making sure customers are satisfied.

Explanation:

A service can be defined as a collection of intangible goods that are being offered by a service provider to the end user in order to meet their needs or requirements. Thus, it is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed by the service takers.

Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research. Thus, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.

On a related note, it typically involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.

Within the marketing concept, a service orientation is an integrated organizational effort that revolves around making sure customers are satisfied.

A profit-maximizing monopolist charges a price of $12. The intersection of the marginal revenue and marginal cost curves occurs where output is 10 units and marginal cost is $6. Average total cost for 10 units of output is $5. What is the monopolist's profit

Answers

It’s 70$ because I know

describe your management experience , including a time you effectively resolved a difficult situation from a management capacity

Answers

Answer:

I managed workers of seven in the associate degree info Services department whose responsibilities enclosed delivering specifications and software package to internal purchasers. My role was that of PM or Project Manager, and my responsibilities enclosed one. guaranteeing every staffer was alert to their specific duties, 2. maintained the relevant timelines and ensured every team-member's deliverables arrived on time, 3. arranged, coordinated, and crystal rectifier conferences to debate current and approaching come, and 4. maintained knowledgeable and cozy social atmosphere for my workers.

One of the tougher problems I Janus-faced was after we employed a very bright developer whose my leader had W2'd in from the Asian nation. though he was very precocious in development of the cultural variations between his land and our mostly-female dev team quickly became telling. Sensing the growing hostility in my work cluster, and distinctive the problem, I quietly organized for the W2 worker to attend a cultural sensitivity coaching seminar (couching it as a necessary attend for all employees), and taking aside the pained parties and asking in a well-mannered way to figure with Maine on desegregation him. In the end, he came to a lot of embarrassed, apologized, and our team ran like mechanism thenceforth

Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily activities. The firm is highly efficient and places emphasis on being economical. It conducts its business in a methodical manner. In the given scenario, Zupiter Corp. is said to have the

Answers

Answer:

consistency corporate culture.

Explanation:

Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future

Consider Luis's decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Luis's cost of going to college is

Answers

Answer:

$42,600

Explanation:

The computation of the cost of going to college is given below:

the total cost when he goes to college he spends

21,000 on tuition

11,000 on room and board

1,800 on books

So, the total should be $33,800

Now in the case when he does not go to college

So,  

he will earn 16,000 working in a store

and spend 7,200 on room and board

So, the saving amount should be

=  16,000 - 7,200

= $8,800

Now the cost should be  

= 33,800+8,800

= $42,600

Jade puts a picture of a collection of rare sports memorabilia up for bids on BuyBay, an Internet auction site. Khalil makes the highest bid and sends the payment, which Jade receives. Jade deposits the money but does not send the collection because she doesn't own it. This is Group of answer choices

Answers

Answer:

cyber fraud.

Explanation:

Cyber fraud can be regarded as one the numeeous type of cybercrime fraud, it could be a deception or tricks in the use the Internet just to defraud people, stealing of victims information and other valuables. These could able hiding of information by the fraudster or giving fake information so he/she can rob victims online of their valuables.

formula for calculating weekly salary from yearly salary?

Answers

First, divide the employee’s annual salary by 52 weeks (the number of weeks in a year).

Example : $31,200 ÷ 52 = $600 per week

In 1910, the price of a Model T Ford was $950. By 1917, the average price for the same car was $360. In 1910, fewer than 19,000 Model T's were sold. In 1917, over 730,000 were sold. What conclusion can you draw from this information?: (A)The cost of living must have gone down between 1910 and 1917. (B)Henry Ford was making less money in 1917 than he was in 1910 (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910. (D)There is no relationship between the price of the Model T's and the number sold.

Answers

The conclusion that can be reached is that (C)It cost the Ford Motor Company less to produce a Model T in 1917 than it did in 1910.

The price of a good or service is usually directly proportional to its cost. This means that if something was costly to produce or to provide, the price that the company providing will charge will be high as well.

The reason for this is that the company needs to make a profit so they charge a higher price than the cost in order to make back the cost and some profit. This is called cost plus pricing.

In 1910, the Model T Ford cost $950 but in 1917 the same car cost $360. This means that the cost must have been less in 1917 than it was in 1910 which was why the Ford company was able to charge less for it.

The correct answer is therefore C.

For more information on cost plus pricing check https://brainly.com/question/23632044.

Answer:

option c is the correct answer

i think this helps u

Management at the Relaxing Pines resort chain places great emphasis on customer satisfaction and loyalty. They emphasize quiet, luxurious rooms and personalized service. In fact, bonuses are based primarily on customer evaluations. What perspective does this reflect

Answers

Customer Focus. They convey their soul focus is on the customers enjoyment

The strategy that schedules processes based on their group affiliation is generally referred to as _________ . Select one: a. simulation modeling b. queuing analysis c. shortest process next d. fair share scheduling

Answers

Answer:

D. Fair share scheduling.

Which phrase best describes the purpose of a slide master? Check all that apply.
A. to determine the layout for each individual slide in a presentation
B. to allow users to give each slide in a presentation a unique look and feel
C. to establish the layout of all slides, or a group of slides, in a presentation
D. to determine the theme of all slides, or a group of slides, in a presentation
E. to set the thematic characteristics of each individual slide in a presentation
F. to allow users to apply changes in layout or theme to an entire presentation

Answers

Answer: to establish the layout of all slides, or a group of slides, in a presentation.

to determine the theme of all slides, or a group of slides, in a presentation.

to allow users to apply changes in layout or theme to an entire presentation.

Explanation:

It should be noted that the Slide Master refers to the top slide which controls the information regarding the background, fonts, theme, layout, and color of all the slides in Microsoft PowerPoint.

The phrase best describes the purpose of a slide master include:

• to establish the layout of all slides, or a group of slides, in a presentation.

• to determine the theme of all slides, or a group of slides, in a presentation.

• to allow users to apply changes in layout or theme to an entire presentation.

Therefore, the correct options are C, D and F.

Answer:

C

D

F

Explanation:

edge

The marginal cost curve: (1pts) Question 14 - The marginal cost curve: Select d) Is always constant as your answer d) Is always constant Select b) Is equal to the average variable cost curve as your answer b) Is equal to the average variable cost curve Select a) Declines initially as output increases and rises with further increases in output as your answer a) Declines initially as output increases and rises with further increases in output Select c) Rises initially as output increases and declines with further increases in output as your answer c) Rises initially as output increases and declines with further increases in output

Answers

Answer:

a) Declines initially as output increases and rises with further increases in output

Explanation:

Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.

Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.

On a related note, marginal cost curve is the change in total cost (TC) divided by a change in quantity of output.

The marginal cost curve declines initially as output of a business firm increases and rises with further increases in output.

a woman sells her home for $450 000. she had purchased it for $300 000 and has lived there for 3 years. how much will she owe to IRS due to the gain on the sale?

Answers

Answer: $0

Explanation:

As a single homeowner, you are allowed to sell your house and get a $250,000 exemption on capital gains tax so long as you had stayed in the house for 2 years or more out of the last 5 years.

The woman in question has stayed in her home for 3 years when she sold it so she qualifies for the exemption.

Her capital gain is:

= Selling price - cost price

= 450,000 - 300,000

= $150,000

This is less than the exemption of $250,000 so the woman will be totally exempted from capital gains tax.

No amount will be gained by the woman

The amount that every house owner is exempted to gain is $250,000

The woman sold her house for $450,000

She purchased the house for $300,000

The gain can be calculated as follows;

$450,000-$300,000

= $150,000

This amount is less than $250,000 hence there is no gain

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What determines which price the company should choose for its running shoes?

Answers

Answer:

the price that can be affordable for every one and it should be by the opinion of the common people and labours

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