Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $50,000 . What amount of loss on realization should be allocated to Alpha?
a. $60,000
b. $20,000
c. $30,000
d. $50,000
b
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Values are based on deeply held beliefs of a culture or subculture.
Answer the following statement true (T) or false (F)
How can an organization determine the success of their investment in social media?
A) By tracking the number of "likes" B) By tracking the cost of upkeep C) Using quantifiable metrics D) Using customer reviews and opinions posted on the sites E) By using customer surveys
The setup cost to make carpets is $20 per setup. The holding cost is $1.75 per yard per year, and the annual demand is 12,000 yards of carpet per year. The manufacturing facility operates 300 days, and 120 yards of the carpet are produced per day. What is the total annual holding cost under the economic production quantity policy?
a. $374.17 b. $458.26 c. $561.25 d. $1,122.50
Fred Knievel took out a substantial life insurance policy before he began his trek across North America in his Volvo. Doing so enabled him to:
A) Accept risk. B) Minimize risk. C) Transfer risk. D) Share risk.