A partnership began on January 1, 2020, with two partners Greg Lucey and Scott Lucas. Greg contributed $50,000 cash and Scott contributed equipment with a fair market value of $40,000. The partners share profits and losses 50:50. Partners' withdrawals were $12,000 by Greg and $6000 by Scott. Net income for 2020 was $56,000. What is the balance in Greg's capital account at December 31, 2020?
A) $66,000
B) $78,000
C) $16,000
D) $50,000
A) $66,000
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________ become very familiar with customers' operations and problems and are in an excellent position to satisfy customers' needs by helping them develop a strategy for the product in question
A) Regional sales managers B) District sales managers C) Key account managers D) Field sales representatives
Asher Company sells two products—X and Y. Product X is sold for $30 per unit and has a variable cost per unit of $15. Product Y is sold for $30 per unit and has a variable cost of $10 per unit. Total fixed costs for the company are $20,000. Asher Company typically sells three units of Product X for every unit of Product Y. What is the breakeven point in total units? (Round any intermediate calculations to two decimal places, and your answer to the nearest unit.)
A) 1231 units B) 923 units C) 308 units D) 1333 units
Capitalize ______________________ of companies, schools, organizations, and religious bodies
a. the first letter of names b. all letters in the titles of c. none of the names d. abbreviations
The sociotechnical systems theory
A. attempts to build specific procedures and processes into operations to ensure coordination of effort. B. advocates the application of scientific methods to analyze work and to determine how to complete production tasks efficiently. C. believes that bureaucratic structures can eliminate the variability that results when managers in the same organization have different skills, experiences, and goals. D. suggests that organizations are effective when their employees have the right tools, training, and knowledge to make products and services that are valued by customers. E. emphasizes the perspective of senior managers within the organization and argues that management is a profession and can be taught.