The following table illustrates what can be produced in 1 da…

The following table illustrates what can be produced in 1 day with the same stock of resources in France and Germany. Use the information to answer the following questions.     cheese  beef France 34 40 Germany 56 20 Based on the information in the table, __________ has the comparative advantage and absolute advantage in cheese and __________ has the comparative advantage and absolute advantage in beef. 

The Henry, Isaac, and Jacobs partnership was about to enter…

The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances:         Cash $ 90,000   Liabilities $ 60,000 Noncash assets   300,000   Henry,capital   80,000         Isaac, capital   110,000         Jacobs, capital   140,000 Total $ 390,000   Total $ 390,000   Estimated expenses of liquidation were $5,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4.Before liquidating any assets, the partners determined the amount of cash for safe payments and distributed it. The noncash assets were then sold for $120,000. The liquidation expenses of $5,000 were paid prior to the sale of noncash assets. How would the $120,000 be distributed to the partners? (Hint: Either a predistribution plan or a statement of liquidation would be appropriate for solving this item.)     Henry Isaac Jacobs A) $ 33,000   $ 36,000   $ 51,000   B) $ 28,000   $ 36,000   $ 56,000   C) $ 29,333   $ 32,000   $ 58,667   D) $ 24,000   $ 48,000   $ 48,000   E) $ 38,000   $ 26,000   $ 56,000                             A)    Option A.                        B)    Option B.            C)    Option C.            D)    Option D.            E)    Option E.

The following table illustrates what can be produced in 1 da…

The following table illustrates what can be produced in 1 day with the same stock of resources in France and Germany. Use the information to answer the following questions.     cheese  beef France 34 40 Germany 56 20 When we assign tasks based on comparative advantage, the economic pie will contain: 

Goodman, Pinkman, and White formed a partnership on January…

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 capital balance at the end of 2020?