Olivia Greer is a partner in Made for You. An analysis of Greer's capital account indicates that during the most recent year, she withdrew $30,000 from the partnership. Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000. What was her capital balance at the beginning of the year?
A. $180,000
B. $196,000
C. $170,000
D. $186,000
E. $154,000
Answer: D
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Robnett Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials3.8liters$6.50per liter$24.70Direct labor0.60hours$18.00per hour 10.80Fixed manufacturing overhead0.60hours$18.50per hour 11.10Total standard cost per unit $46.60During the year, the company completed the following transactions:a. Purchased 106,900 liters of raw material at a price of $6.80 per liter.b. Used 93,760 liters of the raw material to produce 24,700 units of
work in process.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,110,000$54,340$0$60,580$616,800=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,841,720a.???????b.???????When recording the raw materials used in production in transaction (b) above, the Raw Materials inventory account will increase (decrease) by: A. $609,440 B. ($637,568) C. ($609,440) D. $637,568
A person who took a job to work on utility poles and then discovered he was afraid to climb poles would be protected as a disabled person who could not be fired
a. True b. False Indicate whether the statement is true or false
Field generalists help line executives, strategically address people issues, and ensure that the HRM systems are in place to enable the business to execute its strategy.
Answer the following statement true (T) or false (F)
A formal contract between customers and their service providers that outlines the specific responsibilities of the service provider and to the customer is called a(n)
A) SOA. B) SLA. C) TCO. D) RFQ. E) SaaS.