A local partnership was in the process of liquidating and reported the following Capital account balances:     Justice, capital (40% share of all profits and losses) $ 23,000   Zobart, capital (35%)   22,000   Douglass, capital (25%)   (14,000 )   Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31,000 that was then in the cash account.How much of this money should Zobart receive?              A)    $15,467.              B)    $14,467.            C)    $17,333.            D)    $15,633.            E)    $15,867.             

Goodman, Pinkman, and White formed a partnership on January 1, 2020, and made capital contributions of $125,000 (Goodman), $175,000 (Pinkman), and $250,000 (White), respectively. With respect to the division of income, they agreed to the following: (1) interest of an amount equal to 10% of the that partner’s beginning capital balance for the year; (2) annual compensation of $15,000 to Pinkman; and (3) the remainder of the income or loss to be split among the partners in the following percentages: (a) 20% for Goodman; (b) 40% for Pinkman; and (c) 40% for White. Net income was $200,000 in 2020 and $240,000 in 2021. Each partner withdrew $1,500 for personal use every month during 2020 and 2021.What was White’s total share of net income for 2020?

If the demand for cigarettes is inelastic,

The Keller, Long, and Mason partnership had the following balance sheet just before entering liquidation:         Cash $ 115,000   Liabilities $ 45,000 Noncash assets   230,000   Keller, Capital   100,000         Long, Capital   70,000         Mason, Capital   130,000 Total $ 345,000   Total $ 345,000   Keller, Long, and Mason share profits and losses in a ratio of 2:4:4.Assuming noncash assets were sold for $70,000 and liquidation expenses in the amount of $18,500 were incurred, how much will each partner receive in the liquidation?     Keller Long Mason A) $ 14,000   $ 28,000   $ 28,000   B) $ 37,000   $ 74,000   $ 74,000   C) $ 63,833   $ 0   $ 57,667   D) $ 0   $ 0   $ 121,500   E) $ 57,833   $ 12,000   $ 51,667                             A)    Option A.                        B)    Option B.            C)    Option C.            D)    Option D.            E)    Option E.

Microsoft Internet Explorer (IE), Mozilla Firefox, Google Chrome, Apple Safari, and Opera are examples of _____.

Refer to Table 3-1. If the table represents the lowest amount these individuals are willing to accept to sell their ownership rights to the Empire Entertainment Record Label and a group of investors offers them each $50 million for their ownership rights, then what would be their combined producer surplus?

P, L, and O are partners with capital balances of $50,000, $30,000 and $20,000 and who share in the profit and loss of the PLO partnership 30%, 20%, and 50%, respectively, when they agree to admit C for a 20% interest.C contributes $10,000 to the partnership and the goodwill method is used.What will be the result of the goodwill calculation?

Cupid has heard about the law of demand and wants to test this theory that people will buy less of a good as its price increases.  He decides to study the relationship between the price of roses and the quantity of roses that people choose to buy.  He notices that on Friday, February 14th (Valentine’s Day), the price of roses increases, and yet people choose to buy even more Roses.  He concludes that the law of demand is not a valid theory.  Which of the following is true?

Which best defines an operating system (OS)?

The advantagesof the partnership form of business organization, compared to corporations, include which of the following?