Carla and Eliza share income equally. During the current year the partnership net income was $40,000. Carla made withdrawals of $12,000 and Eliza made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Carla capital, $42,000; Eliza capital, $55,000. Eliza's capital account balance at the end of the year is
A) $52,000
B) $58,000
C) $82,000
D) $75,000
B
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The policy or practice of employees volunteering their time or talents for charitable, educational, or other worthwhile activities, especially in the community, is called
A. corporate philanthropy. B. stakeholder management. C. corporate volunteerism. D. public relations. E. community marketing.
The quick ratio improves upon the current ratio by
A) using more up-to-date information. B) simplifying the calculation. C) subtracting intangible assets like goodwill. D) recognizing that inventory is the current asset that is easiest to value. E) recognizing that inventory is the least liquid current asset.
When purchasing a vehicle, what is the sticker price?
What will be an ideal response?
The organizational grapevine is useful because it:
A. is an effective way for management to inform employees about future organizational changes. B. provides detailed information that more formal communication channels tend to ignore. C. reduces information overload. D. bonds employees together and fulfills their need for interaction. E. allows organizations to hide important information from employees.