Tim and Michelle have decided to form a partnership with a 60/40 partnership interest ratio. Tim contributes $7500 cash and merchandise inventory with a market value of $1500. While journalizing this transaction ________.

A) Tim, Capital will be debited for $9000
B) Tim, Capital will be credited for $9000
C) Tim, Capital will be credited for $6000 and Michelle, Capital will be credited for $4500
D) Tim, Capital will be debited for $6000 and Michelle, Capital will be debited for $4500


B) Tim, Capital will be credited for $9000

Business

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Which of the following statements is true of the Chinese economy?

A) The United Kingdom is China's largest trading partner. B) The Chinese economy has been converted to a communist controlled system from a free-market system. C) The Chinese economy started growing tremendously during the Mao era. D) The Chinese are the biggest global supplier of consumer goods.

Business

The medium with the longest lead time is _____

a. radio b. direct mail c. telephone directories d. magazines

Business

Which of the following is a finding that British researchers identified as a reason why nonprofit brands do so well in the trust dimension?

a. Nonprofits are spending lots of money on branding – more than some for profit organizations b. Nonprofits deal with simple, logical value propositions equally apparent to all c. The nonprofit organizations' missions are of high social value d. Branding increases budgets of nonprofits, and people trust wealthy organizations e. Nonprofits are inherently differentiated, so branding works easily

Business

Which of the following are ways businesses justify electronic surveillance of employees? I. It measures and encourages efficiency. II. It uncovers employee disloyalty. III. It enhances the fairness of personnel evaluations. IV. It prevents employees from sending personal emails on company time

a. I and II only b. I, II and III only c. I, II and IV only d. I, II, III and IV

Business