Partners smith and jones decide to close their business and share the profits equally. they sell the partnership's non-cash assets. the transactions for the sales are below: 1. the merchandise inventory, which cost $45,000, was sold for $38,000.2. the office equipment, with a book value of $27,000 was sold for $29,000.instructions: record the transactions in a general journal form.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.