Partners Ken and Macki each have a $40,000 capital balance and share income and losses in a 3:2. Cash equals $20,000, noncash assets equal $120,000, and liabilities equal $60,000. If the noncash assets are sold for $60,000, and both partners agree to make up an capital deficits with personal cash contributions, Partner Macki will eventually receive cash of
A) $0.
B) $4,000.
C) $16,000.
D) $24,000.
C
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Alexis has a talent that allows her to work at a few different companies at once. She is hired by each organization to perform a project or task. Once in a while, her projects are similar in nature and she is able to get paid almost double for the same work. Alexis is working as a ______.
A. free agent B. flextime worker C. part-time worker D. telecommuter
A(n) ________ refers to promotional money paid by manufacturers to retailers in return for an agreement to feature the manufacturer's products in some way
A) allowance B) sample C) discount D) tax credit E) tax exemption
What is the advantage of an interview over a survey?
A) You have a lower total count for respondents B) It is easier to determine the mean average on responses C) Interviews provide more in-depth answers D) Interviews provide objective based information E) Interviews allow for responses from more subject matter experts
Systems analysis is the final phase in the creation or revision of an accounting system
Indicate whether the statement is true or false