A partnership has the following account balances at the date of termination: Cash, $98,000; Noncash Assets, $750,000; Liabilities, $484,000; Bell, capital (50 percent of profits and losses), $170,000; Mann, capital (30 percent), $120,000; Scott, capital (20 percent), $74,000. The following transactions occur during liquidation: Noncash assets with a book value of $590,000 are sold for $490,000 in cash. A creditor reduces his claim against the partnership from $175,000 to $110,000, and this amount is paid in cash. The remaining noncash assets are sold for $130,000 in cash. The remaining liabilities of $309,000 are paid in full. Liquidation expenses of $23,000 are paid in cash. Cash remaining after the above transactions have occurred is distributed to the partners. Prepare a statement of partnership liquidation to determine how much cash each partner receives from the liquidation of the partnership. (Amounts to be deducted should be entered with a minus sign.) . BELL, MANN, AND SCOTT PARTNERSHIP Statement of Partnership Liquidation Cash Noncash Liabilities Assets Bell, Capital (50%) Mann, Capital Scott, Capital (30%) (20%) Beginning balances Sale of noncash assets Pay liabilities Sale of remaining noncash assets Pay remaining liabilities Pay liquidation expenses Subtotal Distribution to partners Ending balances

True. Regardless of who was at blame, the driver of a car is required to file an accident report if there were fatalities, serious injuries, or more than $1,500 worth of property damage (or more than $500 if the car was uninsured).

Damage to real or personal property is known as property damage. A vehicle accident that results in damage or a chemical release on real estate might serve as examples. To guard against the possibility of property damage, property owners might get property insurance. Property damage, often known as harm to real or personal property caused by the negligence, malicious destruction, or some other natural occurrence of another. Property damage is distinct from personal harm in litigation for losses brought on by negligence or a malicious act. Property damage is defined as harm to a third party's property and is covered by commercial car liability insurance. Physical damage often refers to harm done to a policyholder's car. Both the comprehensive and collision insurance policies cover physical damage.

To learn more about property damage click the link below:

brainly.com/question/3495879

#SPJ4

E) Terms in this set If supply is more inelastic than demand, sellers bear the majority of the tax burden, and demand is more inelastic than supply.

Customers are more likely to reduce their demand rather than increase prices if the demand curve is more elastic.

A decrease in price will result in a decrease in total revenue if demand is inelastic, whereas a rise in price will result in an increase in total revenue. When prices rise or fall, total revenue stays the same if demand is unit elastic. measures how well sellers respond to changes in a product's price.

To learn more about elastic here:

https://brainly.com/question/28790459

#SPJ4

Full Question Attached with image

Answer:

Explanation:

the choice between a traditional IRA and a Roth IRA depends on an individual's expectations about their future tax bracket. A traditional IRA may be a good choice for someone who expects to be in a lower tax bracket during retirement, as contributions are tax-deductible and the investment earnings grow tax-free until they are withdrawn in retirement. On the other hand, a Roth IRA may be a better choice for someone who expects to be in a higher tax bracket during retirement, as contributions are not tax-deductible, but the investment earnings grow tax-free and qualified withdrawals in retirement are tax-free. It is important for individuals to consider their specific financial situation and consult with a financial planner or tax professional to determine the best choice for their individual circumstances.

It is productive for Sal because It is productive because Sal can claim a tax deduction on the amount he decides to contribute toward the traditional IRA.

Tax deduction refers to claims made to reduce your taxable income, arising from various investments and expenses incurred by a taxpayer. Thus, an income tax deduction reduces your overall tax liability. It is a kind of tax benefit which helps you save tax. However, the amount of tax you can save depends on the type of tax benefit we claim.

Both the terms tax deduction and tax exemption refer to a lowering of taxable income; they are forms of tax relief or tax breaks provided by the government. However, tax exemptions may also include complete relief from taxes, reduced rates and tax on only a portion of income. Tax exemption means we don't have to pay tax for a particular income.

For instance, we may get a tax exemption for donating to charitable institutions and various relief funds.

Learn more about tax, here:

https://brainly.com/question/16423331

#SPJ2

The economic order amount is a metric that addresses the ideal request size to limit costs for the business. The interest is how much stock is utilized each year or the number of units that are sold each year. Monetary request amount is a valuable recipe for organizations of all sizes and types that request and hold stock. Under EOQ, annual ordering cost = annual ordering cost.

Annual ordering cost = (D/Q) *S

Annual carrying cost = (Q/2) *H

Given that annual ordering cost = 7052

So, annual carrying cost = (Q/2) * H = 7052

Given H = carrying cost = 11

so Q/2 = 7052/11 = 641.09

So Q = 641.09*2 = 1282.18 ~ 1282

EOQ = 1282.

Learn more about total annual ordering cost:

https://brainly.com/question/28565731

#SPJ4

Errors in information processing can lead investors to misestimate the true probabilities of possible events or associated rates of return.

The term "processing" refers to a sophisticated procedure or treatment, such as the preparation of coffee beans for brewing. The term "processing" is frequently used to describe the steps taken to prepare food or other products for sale or consumption.

Processing entails submitting the transaction instructions for debiting the borrower's funds to the ACH network. Pending refers to a planned payment for which the ACH network has not yet received instructions to debit the borrower.

To know more about Processing visit:

https://brainly.com/question/14654945

#SPJ4

Depreciation expense must be put back to net income under the indirect method since net income serves as the starting point for calculating cash flows from operational activities.

Depreciation is one of a company's expenses that is taken into account when calculating net income. Depreciation, however, is not a financial spend because it is an accounting metric. Depreciation expense is thus re-included in the cash flow statement when determining a company's cash flow.

Depreciation is included as a cost of generating production gross receipts because it is regarded under the IRC as an usual and necessary business expense.

To learn more about indirect method refer here

https://brainly.com/question/13121974#

#SPJ4

regarding executive compensation and governance the goal of executive compensation is to align executive and owner goals.

Modern pay structures may often be broken down into four categories: short-term vs long-term, cash against equity, individual versus collective, and fixed versus variable. The strategic goals of the company, its capacity to draw and keep personnel, ownership structure, culture, corporate governance, and cash flow are all important deciding considerations. Companies in the Russell 3000 Index place a strong emphasis on doing just that—aligning compensation with business success, as stakeholders demand. However, businesses may need to take into consideration additional criteria, such as seniority, especially outside of the United States. The basic wage, which is predetermined and paid in cash, as well as short-term and long-term incentives make up total direct compensation.

learn more about compensation and governance here:

https://brainly.com/question/14376483

#SPJ4

international public relations, sales promotion, and other imc efforts work best when coordinated and reinforced with:  a consistent advertising campaign.

Through consistent messaging across all platforms, it's all about conveying a particular mood or tone to your customers. Customers will be able to recognise you more easily if your brand is consistent. You are probably thinking right now, "Yeah, consistency is key, but how do I achieve this?" I'm glad you asked, then! Executing a planned marketing campaign is one approach. They just make sense, which is why we love them. They are a planned and calculated effort to advance a company's specific objectives. Customized marketing tools like media, print advertising, radio advertising, social media, and many others are typically combined in marketing campaigns. Genuine promoting efforts are something beyond notices. Multiple approaches are required to carry out an efficient campaign. Be that as it may, regardless of what strategy, all informing and subjects ought to stay Predictable, and ought to help your situation, and characterize the purchaser experience. This will help you captivate your audience and increase brand recognition.

To know more about international public relations visit https://brainly.com/question/27993099?referrer=searchResults

#SPJ4

All answers are correct. When making a comparison, make sure the information is comparable. This means finding a salary for a job in the company of your local competitors. You want to know the salaries of local IT professionals, not everyone in the IT industry across the country. To make an honest comparison, you need to clearly define your salary. Clear definitions help make comparisons more useful.

Local competition means the opposition system thru which a Framework person selects a Panel Member from the right zone as set out within the local competition guidance

A local commercial enterprise is one which sells its products and services to clients in its own city, town, or geographic vicinity.

Competition are other corporations who can offer the identical or comparable goods and offerings to your customers.

Learn more about local competitors here : https://brainly.com/question/13338323

#SPJ4

The Direct Labor Efficiency Variance is calculated by multiplying the Actual Labor Hours by the Standard Labor Hours and the Standard Labor Rate. Thus (A) is correct.

The cost of the discrepancy between the anticipated number of labour hours needed for operations and the actual number of labour hours needed for operations is known as the direct labour efficiency variance.

A decrease in labour productivity is indicated by a negative variance, whereas an increase is shown by a positive variance.

Only recurring processes benefit from tracking this variance; in cases when commodities are produced infrequently or over a lengthy period, tracking this variance serves little purpose.

The labour efficiency variance is also referred to as the direct labour efficiency variance, albeit the latter term is less precise.

To learn more about Variance, Click here:

https://brainly.com/question/14116780

#SPJ4

This assertion is false.

The transient group of workers goes through many names: temps, contract workers, consultants, freelancers, seasonal workers and interns. But anything they're called, they give agencies flexibility when everlasting personnel go out on leave, commercial enterprise fluctuates and at some point of instances of elevated non permanent or seasonal needs.

In contrast, a transient employee does not have a ordinary schedule and only works for a specified quantity of time. For example, a company might hire extra sales clerks around the wintry weather holidays.

Temporary workers assist decrease standard staffing costs, due to the fact their presence can hold your everyday personnel completely productive, however no longer overworked. The capability to “try out” attainable future hires.

Learn more about Temporary workers here:

Statement C had a negative effect on the SEC requirement that publicly traded companies in the United States.

The U.S. Securities and Exchange Commission (SEC) is an independent federal agency responsible for protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation. The SEC's mission is to “protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”

There have been issues of misrepresentation of the true financial state of companies to investors such as inflating the revenues or earnings to generate higher stock prices to give managers the benefits of stock option grants for personal gain at the expense of stockholders.

For more questions like SEC click the link below:

https://brainly.com/question/29566510

#SPJ4

The answer to the question of whether the police can search your home without a warrant is "Yes". The police can enter your private residence or office without a warrant, but only under certain circumstances.

A search warrant is a court order issued by a magistrate, judge or court authorizing law enforcement officers to search a person, place or vehicle for evidence of a crime and to seize any illegal items or evidence of a crime, if they find something. In order to obtain a search warrant, the police must convince the judge that there is evidence of a crime there and if the judge is convinced, he will issue the warrant and the document should be special, because it should be clearly stated where it is being done. The exact search should be done, including the specific date and time. In India, Article 19 (Right to Liberty) and Article 20 (3) (Protection against self-incrimination) of the Constitution of India provide protection to the accused from testifying against them which is meant to protect citizens from inappropriate research.

The law usually makes an exception to the  search as section 165 of the code is established as an exception to this general law of investigation because it is recognized that in some special cases of urgency it is necessary to allow the police officer to conduct and research without warrant.

The answer to the question of whether the police can search your home without a warrant is "Yes". The police can enter your private residence or office without a warrant, but only under certain circumstances.

The reasons why a police officer does not need a search warrant to conduct a search are described in section 165, and the reasons are as follows:

1) Whenever the officer in charge of a police station or police station is conducting an investigation, he has reasonable grounds to believe that anything relevant to the purpose of conducting an investigation into any crime given permission to conduct research, he can be found anywhere and this can happen. If the object cannot be found in his opinion without delay without search, such officer may search for such object in any place within the limits of such station.

2)  Proceeding under sub section (1), shall if practicable, Police officer will conduct the search in person.

3) If police officer is not able to conduct the search in person and also there is no other  competent person  to make the search at that time, he may, after recording in writing his reasons for so doing, require any officer subordinate to make the search and order him to search for such thing in such place.

4) If a police officer remained outside the house while the search was being made inside by some subordinate officer, the search was not held to be illegal.

5) Copies of any record that is made under sub section (1) of this section shall be sent to the nearest magistrate  who is empowered to take cognizance of the offence.

For more such questions on Search Warrant:

https://brainly.com/question/2863065

#SPJ4

The final approved report outlining all final individual component, individual function, and integrated system performance tests must be located in the: building's fire control room.

A room offered in large buildings, complicated buildings, or buildings that use phased evacuation is known as a fire control room. The room's purpose is to help firefighting efforts.

All buildings intended for phased evacuation, as well as big or complex buildings, should have a fire control center.

The fire control room should be close to a point of access for the fire department and easily reachable, ideally from the outside. The path to the fire control room should be secured if this is not practical. The fire control room should be set apart from the rest of the building by 2 hour fire-resisting structure and should include amenities that will allow it to operate normally in an emergency because it may be necessary for it to be operational for a prolonged period of time.

Where available, a dependable firefighter communication system should be implemented throughout the structure and connected to the fire control center.

To know more about fire control

https://brainly.com/question/29627307

#SPJ4

Texas's approach to regulation of professional licensing regulations is considered less friendly to business.

Texas has a good regulatory environment and neither a personal nor corporate state income tax. Texas has been named "the #1 state for business" by Chief Executive Magazine for 18 years running. Amazon, Tesla, HP, and Oracle have all relocated to Texas or grown their businesses there.

Texas competes with other states for new corporate initiatives, although Texas has a larger, more talented, and younger labor pool than those places. Texas firms have access to a talent pipeline that will enable them to succeed both now and in the future thanks to the younger average age of the state's workforce.

Learn more about texas business policies here brainly.com/question/29416279

#SPJ4

Other countries have a comparative advantage over Vietnam and Vietnam will import textiles.

Option A is correct .

When compared to other nations, a country has comparative advantage if it provides a good or service at a lower opportunity cost.

The fact that textiles are more expensive in Vietnam as compared to other nations demonstrates that the country lacks a comparative advantage in textile production. In order to produce other items for which Vietnam has a comparative advantage, the country should purchase textiles.

To know more about international trade visit :

https://brainly.com/question/20344185

#SPJ4

The correct question is :

Assume, for Vietnam, that the domestic price of textiles without international trade is higher than the world price of textiles. This suggests that, in the production of textiles

a. other countries have a comparative advantage over Vietnam and Vietnam will import textiles.

b. Vietnam has a comparative advantage over other countries and Vietnam will export textiles.

c. Vietnam has a comparative advantage over other countries and Vietnam will import textiles.

d. other countries have a comparative advantage over Vietnam and Vietnam will export textiles

Return on Investment (ROI) compares the cost of an investment to the net profit gained from that investment.

It is typically expressed as a percentage and is calculated by dividing the net profit by the total cost of the investment and multiplying by 100. For example, if an investor invests $100 in a stock, and that stock increases in value to $150, the investor will have a return on investment of 50% ($50/$100 x 100).

Return on investment (ROI) is a measure of the profit earned from an investment relative to the amount of money invested. It is typically expressed as a percentage and is used to measure the efficiency of an investment or to compare the efficiency of a number of different investments.

For more questions like Return on Investment click the link below:

https://brainly.com/question/13166641

#SPJ4

Because the cost basis, $1,500, is less than the fair market value, $4,000. As a result, M's depreciable basis for jewelry equipment is $1,500.

The depreciation basis is the portion of the cost of a fixed asset that can be depreciated over time. Less the asset's expected salvage value at the end of its useful life, this is the asset's acquisition cost.

The acquisition cost of an asset is the purchase price plus the cost of putting the asset into service. As a result, in-person improvements (such as wiring or a concrete pad for the asset), installation fees, and testing costs can all be included in the acquisition cost.

Many businesses intend to use an asset once and then discard it. If this is the case, they assume that there will be no salvage value, in which case an asset's depreciation basis is the same as its cost. The standard approach is to use no salvage value in the derivation of the depreciation basis because it reduces the complexity of the depreciation calculation.

To learn more about depreciation basis, please refer:

https://brainly.com/question/28800236

#SPJ4

High levels of inflation reduce the real value of money and, hence, decreases short-run equilibrium output.

So, reduce and decrease would be correct answer.

Price increases, or inflation, can be considered of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines. A unit of currency effectively buys less as a result of the increase in pricing, which is sometimes stated as a percentage. Deflation, which happens when prices fall and buying power rises, can be compared to inflation.

An economy is said to be in short run equilibrium when the level of aggregate output demanded is equal to the level of aggregate output supplied.

Visit here to learn more about Inflation: https://brainly.com/question/29308595

#SPJ4

Distributive t negotiation approach is described by the following situation: Sean has some extra cash and he wants to buy a new car. Sarah is desperate for cash so she puts her car up for sale, and Sean exploits this to get a great price.

Distributive bargaining is a type of negotiation in which both sides agree to share existing resources with each other for separation, and it is mostly a win-lose situation, while integrated bargaining is a type in which both sides try to further expand  existing resources. Moving forward to a collaborative process, it is always a win-win situation. Distributive negotiations occur when the  interests or goals of the parties are the same and conflict with each other.

These conditions are characterized by a limited or fixed supply of resources. The other party's interests or goals are in direct conflict with your own. In plain English, the parties try to claim the same value; Thus, the value obtained by one party means that the other party receives less value in the negotiation.

To know more about a distributive negotiation:

https://brainly.com/question/15292407

#SPJ4

The identification of where each item would appear on a statement of cash flows goes as:

a. Declared and paid a cash dividend - Financing activity

b. Recorded depreciation expense - Operating activity

c. Paid cash to settle long-term note payable - Financing activity

d. Prepaid expenses increased in the year - Noncash Investing & Financing Activities

e. Accounts receivable decreased in the year - Operating activity

f. Purchased land by issuing common stock - Financing activity

g. Inventory increased in the year - Operating activities.

h. Sold equipment for cash, yielding a loss - Investing activities

i. Accounts payable decreased in the year - Operating activity

j. Income taxes payable increased in the year - Operating activities.

In accounting, the purpose of cash flow statement is to provide detailed picture of what happened to a business's cash during a specified period known as the accounting period. Its also tells about an organization's ability to operate in the short and long term based on how much cash is flowing into and out of the business.

In this context, the statement of cash flows are designed to show the relationship of net income to changes in the company's cash, evaluate management decisions and help predict future cash flows.

Read more about cash flow statement

brainly.com/question/735261

#SPJ1

As per the public auction, the proceeds of this sale will first be used to pay is sheriff's cost of sale

What is meant by public auction?

In general terms, public auction means either a tangible event at a public location or an electronic event which is advertised and made available to the public via the Internet.

Here we have a home is sold at public auction (foreclosure sale). and we need to find the proceeds of this sale will first be used to pay

Here we know that the the public auction was take place while the real property taxes would be the first lien to be paid, the sheriff's cost of sale is the first item to be paid from foreclosure proceeds.

And we have to beware of the question that asks, "which is the first lien to be paid?" and in that instance, the real property taxes would be the first lien.

To know more about Public auction here.

https://brainly.com/question/24261307

#SPJ4

The bond equivalent YTM = 8.36% and Effective annual YTM = 8.53%

Available inputs: n = 40, FV = 1000, PV = –950, PMT = 40.

The yield to maturity on a semi-annual basis =

Yield To Maturity = (Face Value/Current Bond Price)^(1/Years To Maturity)−1

= (1000 / -950) )^(1/40)−1

= 4.26%.

This implies a bond equivalent yield to maturity of: 4.26% x 2 = 8.52%

Effective annual yield to maturity i = [1 + (r/n)]n – 1

(1.0426)2 – 1 = 0.0870 = 8.36%

Since the bond is selling at par, the yield to maturity on a semi-annual basis is the same as the semi-annual coupon, 4%.

The bond equivalent yield to maturity is 4%.

Effective annual yield to maturity i = [1 + (r/n)]n – 1

= (1.04)2 – 1 = 0.0816 = 8.53%

To know more about bond equivalent yield to maturity, visit:

brainly.com/question/14644574

#SPJ4

The insurer has the option to provide a Buyer's Guide and an Outline of Coverage. It is a false statement when an agent has explained that all supplements must contain some of the same items.

to learn more about insurer from the given link :

https://brainly.com/question/13293881

#SPJ1

No, it is not acceptable for a salesperson to ask directly for a customer's height or weight. They should use measuring tape instead to find a proper size for them.

There is no single formula for interacting with customers as a salesperson. The most important factor is to be genuine and interested in helping the customer find what they need. customers can sense when someone is trying to push a product on them or when they genuinely care about helping them.

There will always be some back-and-forth in any sales interaction, but as long as the salesperson is patient and respectful, they will usually be able to find a happy compromise. Keeping your customer's happy is very important for any business.

To know more about salesperson, click here.

https://brainly.com/question/29087865

#SPJ4

Option A is correct. The heir's adjusted basis is $130,000, and Kate's final deduction is $15,000

The heir receives a $30,000 step-up in basis ($130,000 FMV - $100,000 decedent's basis). A $15,000 passive activity loss deduction is allowed on the decedent's final return ($45,000 suspended loss - $30,000 step-up in basis)

At the point when a resource or security's accounted for unique expense changes fundamentally after it has previously been gained, the expression "adjusted basis" is utilized. For charge purposes, the capital increase or misfortune on a deal is for the still up in the air by refreshing the underlying buy cost to mirror any additions or decreases in its worth. An ascent in cost premise will frequently bring about a decrease in charge obligation.

A venture's or alternately resource's expense premise is the primary recorded cost paid for it, alongside any connected assessments, charges, and other buy related costs. Occasions that occur during the proprietorship term, from the time it is bought until it is sold, may then raise or reduction this base, for example, paying for remodels, capital consumptions (CAPEX), or typical mileage.

Know more about Adjusted Basis - https://brainly.com/question/29584142

#SPJ4

Financial data is compared horizontally over time, generally from previous quarters or years. When performing a horizontal analysis, financial information from a previous statement,

like the income statement, is compared. One should search for variances, such as higher or lower earnings, while comparing this prior data.A  horizontal analysis of financial accounts is known as vertical analysis. In the financial statement, each line item is represented as a percentage of another line item. As an illustration, each line item on an income statement will be listed as a percentage of gross sales. Other names for this method include normalization[6] and common-sizing

learn more about  horizontal analysis here:

https://brainly.com/question/29392869

#SPJ4

Tax shield= (interest payment* tax rate)

= (499*4.6%)*25%

= 5.7385 Million

The tax shield will be 5.7385 Million.

A tax is a obligatory economic fee or a few other kind of levy imposed on a taxpayer (an man or woman or prison entity) through a governmental enterprise so that you can fund government spending and numerous public costs (local, local, or national),[2] and tax compliance refers to policy moves and individual behaviour aimed at making sure that taxpayers are paying the proper quantity of tax at the proper time and securing the precise tax allowances and tax reliefs. the primary acknowledged taxation took place in historical Egypt round 3000–2800 BC.

LEarn more about tax here

https://brainly.com/question/25783927

#SPJ4

Vanity and egoism is the advertising appeal used by duski to advertise its expensive brand.

Vanity and Egoism advert is a type of advertisement used for highly expensive and conspicuous goods so that it can appeal to peoples vanities and ego.

Some of those products are purchased to show class and societal status as well as to display flamboyant life style. Such product could be an identity, so the logo or brand name of such products are placed where it will be clearly visible. For example a polo with a Gucci logo placed on the chest.

Therefore, duski using Vanity and egoism advertisement appeal.

To learn more about Vanity and Egoism refer here

https://brainly.com/question/14291119#

#SPJ4

It is generally allowed for individuals to use funds from a Roth IRA to make a down payment on a home purchase. However, there are certain rules and requirements that must be met in order to do so without incurring any taxes or penalties.

To use funds from a Roth IRA for a home down payment, the individual must meet the following requirements:

If the individual meets these requirements, they can use funds from their Roth IRA to make a down payment on a home without incurring any taxes or penalties. It is important to note that any funds withdrawn from a Roth IRA for a home down payment will be subject to income taxes if the individual does not meet the above requirements.

To know more about Roth IRA visit :

https://brainly.com/question/14936548?referrer=searchResults

#SPJ4