A written partnership agreement typically specifies the following except:
a. the ownership interests of the partners b. the method of accounting to be used
c. the name of the partnership business
d. the procedures for dissolution of the partnership
e. all of the other choices are usually included in the agreement
e
You might also like to view...
The data below is for Benton Corporation for 2015. Accounts Receivable—January 1, 2015 $334,000 Credit sales during 2015 850,000 Collections from credit customers during 2015 725,000 Customer accounts written off as uncollectible during 2015 Allowance for Doubtful Accounts [Credit Balance] (After write-off of uncollectible accounts) 12,000 1,700 Estimated uncollectible accounts based on an
aging analysis 13,200 Refer to the data for Benton Corporation. If the aging approach is used to estimate bad debts, what should the balance in the Allowance for Doubtful Accounts be after the bad debts adjustment? a. $26,900 b. $14,900 c. $13,200 d. $11,500
Processing more transactions at a lower unit cost makes batch processing more efficient than real-time systems
Indicate whether the statement is true or false
Which of the following statements is true of laws relating to compensation?
A. They place restrictions on the salaries drawn by the top management. B. They protect the organization's investment on its employees. C. They require that firms pay the same work pay for men and women. D. They monitor the financial investments made by the top management of the organization. E. They require that firms pay the same work pay for all employees of a department.
Choice Creations, Inc. sells hand sewn shirts at $58.00 per shirt. It incurs monthly fixed costs of $8000. The contribution margin ratio is calculated to be 30%. What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places.)
A) $40.60 per shirt B) $75.40 per shirt C) $58.00 per shirt D) $17.40 per shirt