The breakeven point is the point where the sales revenues are equal to the fixed costs
Indicate whether the statement is true or false
FALSE
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According to the text, what is the process of managing how people are hired, trained, assigned, motivated and retained and presumes that employees are a strategic investment?
a. organizational management b. personnel management c. human capital management d. none of the above
Most corporations must estimate their annual income taxes and make quarterly tax payments
a. True b. False Indicate whether the statement is true or false
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The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Cash$16,000 Liabilities$150,000Noncash assets 434,000 Abrams,capital 80,000 Bartle, capital 90,000 Creighton, capital 130,000Total$450,000 Total$450,000??Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000.?Assuming that, after the payment of liquidation expenses in the amount of $12,000 was made and the noncash assets were sold, if Creighton has a deficit of $8,000, for what amount would the noncash assets have been sold?
A. $185,000. B. $264,000. C. $158,000. D. $170,000. E. $146,000.