Partnership – Basic Considerations and Formation 1 CHAPTER 1 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 1-1: a Jose’s capital should be credited for the market value of the computer contributed by him. 1-2: b (40‚000 + 80‚000) 2/3 = 180‚000 x 1/3 = 60‚000. 1-2: c 1-3: a Cash P100‚000 Land 300‚000 Mortgage payable ( 50‚000) Net assets (Julio‚ capital) P350‚000 1-4: b Total Capital (P300‚000/60%) P500‚000 Perla’s interest ______40% Perla’s capital P200
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Written by: Sevdenur Tural Explanation: This text is an answer for a SL paper 1 question from May 2007 session. PRICE MECHANISM Explain the signaling and incentive functions of price in a market economy. In free Market economy allocation of resources is left to market forces of supply and demand which also can be referred to as price mechanism. And the prices are determined as a result of the interaction of those market forces. Price mechanism enables the market to move to equilibrium
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revisiting Miller‚ I developed a better appreciation for how he incorporates inspiring elements readers knowledgeable on how troublesome remaining faithful to the Lord can get can enjoy. Miller discusses each transition he made using his Christianity whereby readers have little trouble relating. Miller produces affable atmospheres where readers go‚ telling each story as though there’s no need for hiding a thing. An instance on how honest Miller is can get found during “Beginnings.” Miller discusses
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Chapter 7 Accounting for Financial Management ANSWERS TO BEGINNING-OF-CHAPTER QUESTIONS 7-1 The balance sheet shows the assets‚ along with the sources of funds used to acquire the assets‚ at a point in time‚ say 12/31/07. The income statement shows the sales and profits that were produced during an interval of time‚ say the year 2007. An individual would have assets‚ and a net worth‚ and a balance sheet would detail these holdings. The individual would also have income and expenses‚
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UNIT 1: Lesson 1 Key Questions: 1. Magnesium consists of 12 electrons; 2 + indicates a loss of 2 electrons; therefore‚ it now has 10 electrons. 2. The isotope would not be useful for dating bones that are over a million years old because carbon-14 decay at a constant rate‚ with a half-life of 5730 years. Therefore‚ after 40‚ 000 years‚ les than 1% of the carbon-14 is left in the tissue. As a result‚ there is not enough of the isotope in the tissues to determine the age of the bones. 3. The four
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GENERAL GEOLOGY - GEOL 1113 EXAM I WITH ANSWERS - Spring 2002 Below you will find the questions and answers for Exam I in my General Geology class. The correct answer for each question is highlighted in bold face green type. While you are reviewing the exam‚ pause at the questions you find you missed and try to understand why you missed them. Really understanding this will require not only that you understand why your answer is incorrect‚ but also why you chose it in the first place. Were you confused
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Chapter 10 Islam Worksheet Type in your answers and save this file. When you have completed all the questions‚ e-mail this file to: hanna.alzen@centralaz.edu as an attachment‚ (see the Student Handbook’s section on attachments for assistance). In this worksheet on chapter 10‚ you will study the religion of Islam and you will try to answer the following questions based on the information from the textbook. Name: Jennifer Mata E-mail: jenkarmata@gmail.com Islam is the fastest growing
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ch02 Student: 1. Auditors may be independent in fact but not independent in appearance. True False 2. Auditing Standards issued by the PCAOB are the sole source of guidance for audits of public entities. True False 3. Attestation standards provide guidance for a wide variety of engagements different in scope than an audit. True False 4. Generally accepted auditing standards must be followed on all audit engagements. True False 5. The reporting principle relates to a firm’s
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Question 1 1 out of 1 points Acute diseases are illnesses that are long-term or lifelong and that develop gradually or are present from birth; in contrast‚ chronic diseases are illnesses that strike suddenly and cause dramatic incapacitation and sometimes death. Answer Selected Answer: False Correct Answer: False Question 2 1 out of 1 points Sociologists distinguish among movements on the basis of their goals and the amount of change they seek to produce. Some
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Chapter 4_class exercise True/False 1. The forecasting time horizon and the forecasting techniques used tend to vary over the life cycle of a product. Answer: TRUE 2. A time-series model uses a series of past data points to make the forecast. Answer: TRUE 3. Cycles and random variations are both components of time series. Answer: TRUE 4. One advantage of exponential smoothing is the limited amount of record keeping involved. Answer: TRUE 5. If a forecast is consistently greater
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