Hegg usie q is a cash-basis taxpayer, is a partner in s & p accounting services. as part of the partnership agreement, susie q is to receive 35% of the partnership’s profits or losses. the partners may each make withdrawals of $9,000 each month for living expenses. susie q withdrew $99,000 during the year as her monthly draw in 2019. last year susie q received $30,000 as her share of distributed 2019 profits. in october the partnership fell short on cash so susie q as her other partners was required to invest an additional $15,000 in the partnership. the partnership earnings before partners’ withdrawals for 2019 totaled $900,000. compute susie q’s gross income from the partnership for 2019

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

Only the united states has embassies. true or false

Need with an adjusting journal entrycmc records depreciation and amortization expense annually. they do not use an accumulated amortization account. (i. e. amortization expense is recorded with a debit to amort. exp and a credit to the patent.) annual depreciation rates are 7% for buildings/equipment/furniture, no salvage. (round to the nearest whole dollar.) annual amortization rates are 10% of original cost, straight-line method, no salvage. cmc owns two patents: patent #fj101 and patent #cq510. patent #cq510 was acquired on october 1, 2016. patent #fj101 was acquired on april 1, 2018 for $119,000. the last time depreciation & amortization were recorded was december 31, 2017.before adjustment: land: 348791equpment and furniture: 332989building: 876418patents 217000