The capital account balances of a partnership are as follows: Trent, $50,000; Langston, $50,000; and Plank, $50,000 . If Felps pays $80,000 in cash to Plank to buy Plank's partnership interest, the entry on the partnership's books as a result of this transaction would include a
a. debit to Plank Capital, $80,000; b. credit to Felps Capital, $80,000; c. debit to Cash, $80,000; d. credit to Felps Capital, $50,000; e. debit to Cash, $50,000
D
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Which of the following is NOT a common form of a model?
A) verbal model B) graphical model C) mathematical model D) technological model E) A and B
Which of the following statements concerning the housing market is false?
A) There has been a recent decline in the sales of single family homes. B) There has been a recent decline in the median price of single family homes. C) Interest rates have sharply risen over the last decade. D) The rate of inflation has remained relatively stable over the last decade.
In the context of e-marketplaces, a _____ concentrates on coordinating a business process or function involving multiple vendors
A) horizontal market B) labor market C) diagonal market D) hierarchical market
Tom decides to begin investing some portion of his annual bonus, beginning this year with $6,000. In the first year he earns an 8 percent return and adds $3,000 to his investment. In the second his portfolio loses 4 percent but, sticking to his plan, he adds $1,000 to his portfolio. In this year his portfolio returns 2 percent. What is Tom's dollar-weighted average return on his investments?
A. 0.34 percent B. 1.20 percent C. 1.54 percent D. 2.58 percent E. 2.23 percent