Jason, Julian, and Rebecca are members of a longstanding and successful LLC. The three members want to dissolve their LLC and distribute their assets, but they know the LLC has debts as well. Once all the LLC's assets have been sold, the proceeds ______.

a. are distributed to pay off member capital contributions first and creditors next. Any remaining amounts are distributed to members in equal shares or according to the operating agreement.
b. are distributed to pay off creditors first and member capital contributions next. Any remaining amounts are then distributed to members in equal shares or according to the operating agreement.
c. are distributed equally to the members, and then creditors are paid with the remaining assets.
d. are equally shared among the members without regard to other liabilities.

Answers

Answer 1

Answer:

B. Are distributed to pay off creditors first and member capital contributions next. Any remaining amounts are then distributed to members in equal shares or according to the operating agreement.


Related Questions

With respect to content calendar for social media, why is it a best practice to keep a larger monthly calendar with general information about upcoming launches and big events that impact your content strategy, as well as a detailed weekly calendar with specific copy and assets?

Answers

Answer:

To keep record of the engaged tools and vendors.To eliminate the need to store all your data in one place.To project social media budgeting estimations accurately.To keep track of spending's on social media making them more efficient and also keep track of ROI.

Gary invested $1,000 in large U.S. stocks. This investment earned 15.05 percent in 2012, 33.35 percent in 2013, 11.50 percent in 2014, and 2.10 percent in 2015. What return did he earn in the average year during the 2012–2015 period?

Answers

Answer:

The answer is: Average return Gary earned is 14.97%.

Explanation:

Please find the below for detailed explanation and calculations:

The total increase of Gary's investment in large U.S. stocks from 2012 to 2015 is calculated as : (1+15.05%) x (1+33.35%) x (1+11.50%) + (1+ 2.10%) = 1.747 times. That is, he will get 1,000 x 1.747 = $1,747 at the end of 2015.

The average return of Gary's investment in large U.S. stocks from 2012 to 2015 ( 4 year period) is: [ (The fourth root of 1.747) - 1] x 100% =14.97%.

A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded felling to zero. The main way it retains its market power is through barriers to entry-that is, other companies cannot enter the market to create competition in that particular industry.
Complete the following table by indicating which barrier to entry appropriately explains why a monopoly exists in each scenario.
In the public water industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary pipes makes it risky and, most likely, unprofitable for competitors to enter the market.
The Aluminum Company of America (Alcoa) formerly controlled all U.S. sources of bauxite, a key component in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolist in the U.S. aluminum industry from the late-nineteenth century until the 1940s.
In order to own and operate a taxi, drivers are required to obtain a taxi medallion.

Answers

Answer:

In the public water industry - ECONOMIES OF SCALE. It is very expensive to set up a water distribution system, and after it starts to work the costs of keeping it working are very small. So even if a new competitor tries to enter the market, the water company can just lower its prices to make the business unfeasible for the competition.

ALCOA - ACCESS TO SUPPLIERS. Since ALCOA controlled all the supply of bauxite, no company could produce aluminum unless they imported bauxite which would increase their production costs.

Taxis - GOVERNMENT REGULATION. Since taxi licenses (or medallions) are handed out by local governments, it's them that determine how many taxis will offer their services in the city.

Lino is a linebacker on his college football team. He is concerned about achieving adequate hydration during intense, hot summer football practices. Lino weighs himself before and after practice and notices that he loses five pounds by the time practice is over. How many cups of water should he drink to replace these fluid losses?a. 2 cups of water
b. 7 cups of water
c. 14 cups of water
d. 21 cups of water

Answers

Answer:

C) 14 cups of water

Explanation:

Athletes should consume between 2 to 3 cups of water or other fluids (like Gatorade) for every pound lost in order to prevent dehydration.

If Lino losses 5 pounds during practice, he should drink between 10 to 15 cups of water. Option C, with 14 cups of water is the only option that falls in that range.

The heading of an ad in a women's magazine reads, "Charlotte BB cream has been approved by dermatologists. It is good for sensitive skin and has no side effects." The rest of the ad copy explains the benefits of the BB cream and features user testimonials. By placing its most important message in the heading, the ad's source is hoping its message benefits from the:

A.
primacy effect.
B.
recency effect.
C.
sleeper effect.
D.
credibility effect.
E.
compliance hierar

Answers

Answer: Option (A)

Explanation:

Here, in this particular case the ad's source are believing that their message will benefit from the primacy effect. The ad organization is using the primacy effect, so as to have their customers commemorate the first section or piece of the information they come across better than the information which is further presented at the later stage.

Here in this case the Charlotte BB cream is putting forth the prime message , i.e. the cream is good for sensitive skin and is tested by dermatologist and later rest of the message continues.  

Compared to a perfectly competitive market, a natural monopolist will have a.) ______________ (higher / lower / either higher or lower) average costs and may charge a b.)______________ (higher / lower / either higher or lower) price.

Answers

Answer:

A). Lower

B). Lower

C). Higher

I think so not sure of my answer

Rather than rely on the bartender to use the correct proportions of ingredients in mixed drinks, the owner installed a drink-mixing machine that automatically selects and measures the ingredients into the glass. This method is a type of:
a.idiot-proofing.
b.poka-yoke.
c.kan-ban
d.robotics

Answers

Answer: Option (B)

Explanation:

Poka-yoke is known to the world as a Japanese terminology which means to mistake proof or accidental error avoidance. The poka-yoke is referred to as an method in any given process which further tends to help the individual i.e. the equipment operator to avoid making any mistakes. The purpose of this process is to remove the product defects.

Chan has been happily married to Mei Lin for the last five years and is very secure in their relationship. Over the last year, he has worked very hard to try to get a bonus and recognition from his job. According to Maslow, Chan has achieved the love level and is attempting to reach the _____ level.

Answers

Final answer:

According to Maslow's hierarchy of needs, Chan has achieved the love level and is now attempting to reach the respect level so the blank will be filled with the word respect.

Explanation:

According to Maslow's hierarchy of needs, the love level represents the need for belongingness and intimate relationships. Chan has achieved this level by being happily married to Mei Lin for the last five years. Now, he is attempting to reach the respect level, which refers to understanding another person's full potential and the realization of that potential.  It may be expressed in various ways, such as becoming an ideal husband, ideal parent, or in many other ways.

Although President Trump generally has tried to cut budgets, this agency has seen an increase as it must implement his travel bans and enforce immigration law.
a. Department of Homeland Security.
b. State Department.
c. Department of the Interior.
d. Treasury Department

Answers

Answer:

a. Department of Homeland Security.

Explanation:

The department of Homeland Security is a federal government department that is in charge of maintaining the security of the United States. Its functions include: protecting the borders, enforcing immigration laws and responding when disasters occur. So, travel bans that prohibit people from entering the country and enforcing immigration laws are activities performed by the department of Homeland Security.

Melissa is a minor who agrees to purchase a car from Umberto for $10,000 one month after she turns eighteen years of age. On turning eighteen, Melissa writes to Umberto stating that she still agrees to purchase the car. Melissa's contract with Umberto is:

Answers

Answer:

Voidable contract

Explanation:

Voidable contract is an official agreement between two parties that can be made invalid for a number of causes, ranging from a breach of contract, a misrepresentation or scam.

The ________ method is simple to use and helps management think about the relationships between promotion spending, selling price, and profit per unit. It wrongly views sales as the cause of promotion rather than the result.

Answers

Answer:

Percentage-of-sales

Explanation:

The percentage of sales method is money related evaluating technique that organisations use to anticipate their business development on a yearly premise. They utilise this data to anticipate the measure of financing they have to gain to help achieve their objective. The key segment of this methodology is the development in organisation deals. This method is beneficial for the management to understand price, and profit evaluations.

If the actual budget deficit is $260 billion, the economy is operating $600 billion above its potential, and the marginal tax rate is 17 percent, what are the structural deficit or surplus and the cyclical deficit or surplus?

Answers

Answer:

structural deficit = $362 billioncyclical surplus = $102 billion

Explanation:

In order to calculate the structural deficit we have to solve the following equation:

structural deficit = actual deficit + (economy's operating level above potential x marginal tax rate) = $260 billion + ($600 billion x 17%) = $260 billion + $102 billion = $362 billion

The cyclical surplus is calculated by multiplying the economy's operating level above potential times marginal tax rate = $600 billion x 17% = $102 billion

Suppose a tax of $4 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 2,000 units to 1,700 units. The tax decreases consumer surplus by $3,000 and decreases producer surplus by $4,400. The deadweight loss of the tax is
a. $200.
b. $400.
c. $600.
d. $1,200.

Answers

Answer:

option (c) $600

Explanation:

Given:

Tax = $4 per unit

Initial equilibrium quantity = 2,000 units

Final equilibrium quantity = 1,700 units

Decrease in consumer surplus = $3,000

Decrease in consumer surplus = $4,400

Now,

Deadweight Loss is calculated using the formula:

Deadweight loss

= [tex]\frac{1}{2}[/tex] × Tax × (Original equilibrium quantity - New equilibrium quantity)

on substituting the respective values, we get

Deadweight loss = [tex]\frac{1}{2}[/tex] × 4 × (2,000 - 1,700)

or

Deadweight loss =  2 × (3)  = $600

Hence,

the correct answer is option (c) $600

The deadweight loss of the tax is $600. The correct answer is option c. $600.

Step 1

The deadweight loss (DWL) of a tax is the loss of economic efficiency that occurs when the tax causes the equilibrium quantity of a good to be reduced. The DWL can be calculated using the formula for the area of a triangle:

[tex]\[ \text{DWL} = \frac{1}{2} \times \text{Tax per unit} \times \text{Reduction in quantity} \][/tex]

Given:

- Tax per unit: $4

- Reduction in quantity: [tex]\( 2,000 - 1,700 = 300 \)[/tex]

Step 2

Calculation:

[tex]\[ \text{DWL} = \frac{1}{2} \times 4 \times 300 \][/tex]

[tex]\[ \text{DWL} = \frac{1}{2} \times 1,200 \][/tex]

[tex]\[ \text{DWL} = 600 \][/tex]

The deadweight loss represents the lost economic welfare due to the tax. It is calculated as half the product of the tax per unit and the reduction in the equilibrium quantity of the good. This calculation accounts for the area of the triangle formed by the reduction in quantity and the tax imposed.

A firm is comparing two potential service layouts using the Closeness Desirability Rating. Option 1's closeness desirability score is 18. Option 2's closeness desirability score is 22. It can be concluded that Option 1 layout is better.
a. True.
b. False

Answers

Answer:

False

Explanation:

The higher the rating, the better. Option 2 has a rating of 22, while option 1 has a rating of 18, therefore option 2 should have a better layout.

A bad layout can have a significant negative impact on an organization, especially on how employees carry out their activities or production processes can be delayed.

The purpose of the closeness desirability rating is to find the most effective physical arrangement for the offices and facilities, so that both employees and resources are properly distributed to facilitate the production of goods and services. The factors that are used to develop the closeness desirability rating are qualitative factors like noise levels, heat levels, material and operating flows, etc.

Final answer:

The answer is False. A higher closeness desirability score indicates a better layout, thus suggesting that Option 2 with a score of 22 is better than Option 1 with a score of 18.

Explanation:

The question relates to the Closeness Desirability Rating which is a method used in business and operations management to evaluate the effectiveness of different service or manufacturing layouts. When comparing two potential service layouts, a higher closeness desirability score generally indicates a better layout as it suggests elements that should be close to one another are arranged more optimally. Therefore, with Option 1 having a closeness desirability score of 18, and Option 2 having a score of 22, it can be concluded that Option 2 layout is better than Option 1.

Given this information, the answer to the student's question is False. Option 1 is not better than Option 2 in terms of closeness desirability since it has a lower score.

________ is an unpaid form of promotion. It can have positive and negative effects on the recipient. For example, when you log onto CNN and read that four auto assembly-line plants are closing, it is not good news for our economy. However, on the same site, if you read about a company's water recycling effort targeted toward good stream management, you are usually impressed.a) Product placementb) Viral marketingc) Publicityd) Sales promotion

Answers

Publicity. The other three options would require payment.

Which bidding strategy works to hit your desired CPA and allows you to achieve more conversions at a stronger ROI without manual optimization?
A. Target cost-per-lead (tCPL)
B. Target cost-per-view (eCPV)
C. Target cost-per-click (CPC)
D. Target-cost-per-acquisition (tCPA)

Answers

Answer: Option D

                                             

Explanation: In simple words, it refers to a smarty bidding strategy which is provided by the portal of google ads and it helps the campaigner to optimize the bids so he she can enjoy maximum conversions for target cost per acquisition that they have set for their campaign.

It was earlier known as conversion optimizer as it provides maximum options to the user with respect to conversion. Thus, we can conclude that the correct option is D.

You are evaluating a project that will cost $500,000, but is expected to produce cash flows of $125,000 per year for 10 years, with the first cash flow in one year. Your cost of capital is 11% and your company’s preferred payback period is three years or less.
1. What is the payback period of this project?
2. Should you take the project if you want to increase the value of the company?

Answers

Answer:

1. 4 years

2. No

Explanation:

Payback period calculates the amount of time to recoup the total investment made on a project. It calculates how long the cash flows generated from a project would cover the cost of the project.

The cost of the project is $500,000

Cash flows are $125,000 per year for 10 years.

In the first year, the cost of the project is reduced by $125,000 and becomes $375,000.

In the second year, the cost of the project is reduced by $125,000 and becomes $250,000.

In the third year, the cost of the project is reduced by $125,000 and becomes $125,000.

In the fourth year, the cost of the project is reduced by $125,000 and becomes $0.

The cost of the project is totally recouped in the 4th year. therefore, the payback period is 4 years.

But the company has a preferred payback period of 3 years ,therefore , the firm won't undertake the project because the payback period is more than 3 years.

Final answer:

The project has a payback period of 4 years, which is longer than the company's preferred 3 years. However, the decision to proceed with the project should also be based on the positives NPV to determine if it will increase the value of the company.

Explanation:

Calculating the Payback Period

The payback period refers to the time it takes for an investment to generate an amount of money equal to the cost of the investment itself. To calculate the payback period for the given project, you divide the initial investment ($500,000) by the annual cash flow ($125,000). This results in a payback period of 4 years (500,000 / 125,000 = 4).

Value Increase for the Company

Whether or not to undertake the project requires consideration beyond just the payback period. While the company's preferred payback period is three years or less, you should also consider other factors like the overall profitability and the net present value (NPV) of the cash flows when deciding if this project will increase the value of the company. Since the cost of capital is 11%, this can be viewed as the discount rate for computing the NPV.

In this case, the NPV is calculated by discounting each of the annual cash flows and the final salvage value at an 11% discount rate and subtracting the initial investment. If the NPV is positive, it means the project is expected to generate value over and above the cost of capital.

Customer Insights, Inc. operates a facility that recruits 8 to 10 consumers and screens them on criteria such as relevance to the target segment or usage in a product category. What type of research is Customer Insights, Inc. engaging in?A. focus groupsB. copy testingC. online surveysD. sampling

Answers

Answer:

A) Focus groups

Explanation:

A focus group is a specific type of sample. The population sampled is not randomly selected, but conveniently selected. This means, that the participants of the focus group are picked specifically for qualities that the company seeks to evaluate.

In this example, the focus group size ranges from 8 to 10 participants, and each participant is selected depending on whether he or she has a relevant charateristic related to the target market or not.

For example, if the company sells golf clubs, the focus group will probably skew male, older, higher income, and most importantly: golf enthusiast.

The cash flows associated with common stock are more difficult to estimate than those related to bonds because the stock has a residual claim against the company versus a contractual obligation for a bond. True or False?

Answers

Answer:

The answer is True.

Explanation:

Common stock holders is the firm's owner. Unless their voting rights is large enough, they will not have the power to demand certain dividend amount be paid out every year as it is at the firm's board of management authority. Moreover, common stock has perpetual lifetime which only ends when the company shut down and has residual claim against the company, thus, the recovery of initial investment in common stock is harder to estimate as it is usually the stock's price at exit time.

For bond, it is a contractual obligation, thus interest payment and face value repayment have been stated very clear in amount and in time and these payments are put into priority over common stock in the event of default.

Final answer:

The statement is true because stock cash flows are unpredictable due to the lack of fixed dividends and the variability in future company profits, making them more difficult to estimate compared to the fixed payments of bonds.

Explanation:

The statement that cash flows associated with common stock are more difficult to estimate than those related to bonds is true. Unlike bonds, which have contractual obligations that define the interest and principal payments, common stock represents a residual claim on the company's assets and profits. This means that stockholders are entitled to profits only after all other claims, such as debts, have been satisfied. The uncertainty in a company's future profits and the absence of fixed dividends make estimating stock cash flows more challenging.

Investors in common stock face both the uncertainty of the company's future profitability and management decisions affecting dividend policies. Moreover, they must consider potential capital gains from the sale of the stock in the future. Because of the variables involved in predicting a company's performance, including demand for its products and cost controls, stock prices represent investors' estimates of future profits and may fluctuate significantly.

At the BMW plant in Spartanburg, South Carolina, rather than use a typical order-to-delivery process, it has suppliers deliver parts every four hours when the plant is in operation. BMW uses a ________ inventory control system.

Answers

Answer: JIT

Explanation:

The JIT inventory control system is one of the type of management strategy that hold the sufficient inventories for maximize the demand of the market.

The JIT inventory control system is also known as time inventory as it overall reduce the inventory amount in the business.

The main purpose of using the JIT inventory control system is that it improve the quality and productivity. This system is the the most cost-effective technique for holing the stocks.      

Therefore, JIT is the correct answer.

Robert Solis is a salesman in a company that specializes in event management. He uses the Internet to identify potential companies with which his company can build long-term profitable relationships. Which step in the selling process does this scenario depict?

A) demonstration
B) preapproach
C) prospecting
D) approach
E) presentation

Answers

Answer:

B

Explanation:

What can serve as search engines, site reminders, or personal surfing assistants? a. Shopping and information agents b. Data-mining agents c. Heuristic-data agents d. Monitoring and surveillance agents

Answers

Answer:

The correct answer is A. Shopping and information agents

Explanation:

When a customer needs to acquire goods in the market, he needs the best information regarding those goods. That will allow you to optimize your purchases and act with good judgment.

If it is a minor purchase, the customer can do a market study. But when they are imported products, or when it comes to foreign trade operations, it is when it is more advisable to go to these professionals.

A purchasing agent acquires supplies and goods of all kinds for its customers, which can be individuals or companies. These clients need the goods to be able to develop their economic activity, but they are not aware of the market in a broad sense. That is why they resort to the figure of the purchasing agent, to do that work for him.

To carry out their functions, purchasing agents follow several steps:

First they evaluate all the possible suppliers, investigating their degree of reliability and seriousness in the commercial relations.They contact them, negotiating quantities and prices, to get the best possible product, at the best price. Sometimes they request a sample of the product, to present it to the customer. This will determine if it suits your needs or not. Manage the entire purchase chain, solving any problems that may arise, until the final delivery of the product takes place

Final answer:

Shopping and information agents act as search engines, site reminders, or personal surfing assistants, providing helpful online services to users.

Explanation:

Tools that can serve as search engines, site reminders, or personal surfing assistants are commonly referred to as shopping and information agents. These agents use software programs to help users find information online, keep track of websites for changes, and provide personalized services based on the user's browsing habits or preferences.

For example, a shopping agent might track the price of a product across different websites and notify the user when the price drops. This kind of technology is an integral part of the user experience on the web, and understanding how users interact with these tools is essential in the field of human factors psychology.

If your content is focused on the different solutions to your buyer persona’s problem, where would that content fit into the buyer’s journey?A. AwarenessB. ConsiderationC. DecisionD. All of the above

Answers

Answer:

The answer is letter B

Explanation:

It would fit into the Consideration.

Which statement about advertising’s characteristics is correct?
a. Advertising seeks to appeal to a mass audience with a uniform message.
b. None of the statements are true
c. Advertising has high flexibility but low control over placement or content.
d. Advertising has no formal sponsor.
e. Advertising has the highest message credibility of any of the types of promotion.

Answers

Answer: Advertising seeks to appeal to a mass audience with a uniform message.

Explanation: Advertising involves creating awareness about a product or service to the public through the various channels of communication.

Advertising aims at getting across a message of a product to its target customers via the various channels of communication such as: social media, T.V, radio etc.

"Under MM Proposition II, a firm's cost of equity capital is ______ related to the firm's debt-equity ratio provided the cost of capital for an all-equity firm exceeds the cost of debt."

Answers

Answer:

Directly

Explanation:

The cost of equity is directly related to a company's debt to equity ratio.

As the use of debt increases, the cost of equity increases to maintain a constant weighted average cost of capital.

Wytes Pharmaceuticals wants to shift its list of inventory to a cloud so that its different branches can access it easily. The company needs a cloud computing option that would offer the highest cost savings and would require the least amount of involvement by IT managers. Which of the following cloud computing options would be the most suitable for Wytes Pharmaceuticals?
a. A hybrid cloud
b. A public cloud
c. A private cloud
d. A community cloud

Answers

Answer:

The correct answer is (B)

Explanation:

The public cloud is characterised as processing administrations offered by outsider suppliers over the open Internet, making them accessible to any individual who needs to utilise or buy them. They might be free or sold on-request, enabling clients to pay just per use for the CPU cycles, stockpiling, or transfer speed they consume.

Which of the following situations might convince an employer to choose a nonqualified retirement plan over a qualified profit-sharing plan?
A) The employer, a closely held C Corporation, is in the 15% income tax bracket and the sole owner of the employer is in the 35% income tax bracket.
B) The employer only wants to meet the organization's objectives of attracting executives, retaining executives, and providing for a graceful transition in company leadership.
C) The employer is not concerned with providing retirement benefits to the rank and file employees.
D) The employer is not willing to pay high administrative costs.
E) All of the above.

Answers

Answer:

All the options might convince to an employer to choose a nonqualified retirement plan over a quialified plan.

en A). the owner of the corporation would use a nonqualified plan because the income tax rate of the business is lower than the owner´s tax rate.  

B) Is a true statement.  as nonqualified plans are typycally only stablised to benefit the executive and there are no requirements to benefit thr rank and file

C)

would cause an employer to choose a nonqualified plan because a nonqualified plan requires less administrative costs than a profit sharing plan

Hale Company sells merchandise on account for $1,000 to Long Company with credit terms of 2/10, n/30. Long Company returns $200 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?a. $784b. $780c. $980d. $800

Answers

Answer:

Amount of Check = $784

so correct option is a. $784

Explanation:

given data

Merchandise on account = $1,000

Long Company returns  = $200

credit terms =  2/10

n/30

to find out

What is the amount of the check

solution

we know here that Total Merchandise will be

Total Merchandise = Merchandise on account  - returns   ....................1

Total Merchandise = $1000 - $200

Total Merchandise = $800

and

discount will be here

Discount = 0.02  ×  800

returns = $16

so

Amount of Check will be as

Amount of Check = Total Merchandise - Discount   ...................2

put here value

Amount of Check = Total Merchandise - Discount  

Amount of Check = $800 - $16

Amount of Check = $784

so correct option is a. $784

In a purely competitive market, a firm finds that at its MR=MC output level the Total Variable Cost (TVC) equals $550, Total Fixed Cost (TFC) equals $250, and Total Revenue equals $700. The firm should___________.
a. produce because it will realize an economic profit.
b. produce because it can still cover its total costs.
c. shut down in the short run.

Answers

Answer:

The correct option is B

Explanation:

A pure competition is describes as a market which has a wider range of competitors, those are selling the same kind of products.

A purely competitive market involves or comprise of the large or huge numbers of the firms who are making the standardized product, the market prices are determined by the demand of consumer.

In this case, MR is equal to MC, TVC is $550, Total revenue is $250 and TFC is $250. So, the firm have a scope for producing as it could still cover the total cost.

Anderson Corporation has purchased a group of assets for $ 15,600. The assets and their relative market values are listed below.
Land: $7,400
Equipment: $2,600
Building: $3,400
Which of the following amounts would be debited to the Land​ account? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)
A: $4,467
B: $2,964
C: $3,900
D: $8,580

Answers

Answer:

D: $8,580

Explanation:

Land = $7,400*$ 15,600/13400

         = $8,580

Therefore, The amounts would be debited to the Land​ account is $8,580.

Final answer:

To determine the debit amount to the Land account when several assets are acquired for a lump sum, you need to proportionally distribute the total purchase price between the assets based on their market values. In this case, by proportionally distributing the $15,600 purchase price, we get a debit amount for the Land account of $8,615.

Explanation:

The key to solving this problem involves understanding proportionate distribution. When several assets are acquired for a lump sum, we divide the cost of each asset according to its market value. Here are the key steps:



Calculate the total market value of all assets, which is $7,400 (land) + $2,600 (equipment) + $3,400 (building) = $13,400.

Next, find the proportion of the market value of land to the total market value, which is $7,400 (land) / $13,400 (total) = 0.55223880597.

Lastly, apply this proportion to the purchase price to identify the amount debited to the Land account, which is $15,600 (total purchase price) * 0.55223880597 (proportion) = $8,614.92. After rounding to the nearest dollar, we get $8,615.



Unfortunately, none of the provided options matches this calculation. The answer is $8,615.

Learn more about Proportionate Distribution here:

https://brainly.com/question/34870126

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The analytical intelligence component of the triarchic theory of intelligence is demonstrated by the ability to ________. Phrenology was the science of: A. Studying the shape of the head as an indication of intelligence. B. The belief that diet and exercise could increase intelligence. C. Study of occult religious practices. D. Study of pressure points in the foot and hand. Explain the importance of microbes. Distinguish between aerobic respiration and anaerobic respiration (fermentation). What two processes sustain ecosystems and the biosphere and how are they linked? michael mixes 60 ounces of red paint with 15 ounces of blue paint to get a shade of purple.what is the ratio of red paint to blue paint expressed in lowest terms? 1. No tengo ganas de _____ al lugar hoy.2. Tiene ____ alguna idea para mejorar la economa?3. Ests ______ a la fiesta de maana?4. Nunca ___ al estadio.5. ___ te gustan estos lazos?6. Jorge, t ___ no eres el nico.7. Puedo ___ de vacaciones. Jonah plants flower in garden. He plants 2 flowers in each row and 5 rows. DrAw an array to figure out how many flowers he has planted Recall the equation for a circle with center ( h , k ) and radius r . At what point in the first quadrant does the line with equation y = x + 1 intersect the circle with radius 6 and center (0, 1)? How were women shown respect in the Cherokee tribe, particularly those tribe members living in what is now the southern United States?A)Women were allowed to own their own land.B)Women were allowed to vote and have jobs outside the home.C)Women were allowed to divorce their husbands if they were unhappy.D)Women were allowed to sit on village councils and make important decisions. A builder wishes to construct a ramp 21 feet long that rises to a height of 5 feet above level ground. What angle should the ramp make with the horizontal? Decimal approximations will be marked incorrect. Symbolic trigonometric expressions such as arctan(5) are accepted. 1/ 5 21 cos radians prove the identity with steps. sin (x-y)/cos x sin y = tan x cot y -1 Words used by a system that cannot be used for any other purpose are called __________ words. For example, in oracle sql, the word initial cannot be used to name tables or columns Leah, age 15, has no idea what she wants to do with her life. She's told to "study hard" but she does not have a long-term goal for life. Which of the following questions would be helpful in getting Leah to focus on her purpose in life?a. "What's most important to you in your life?"b. "When do you think you'll decide on a career?"c. "How much money do you want to make over your lifetime of work?"d. "What courses will help you clarify your goals?" Find the square root of (35-3) The extent of injury resulting from _____ is typically not immediately visible because the current flows through muscle tissue and organs and not through the skin, except at the entrance and exit points. Lyla Rossetti is interviewing for the faculty position at Ridgebrook High. The assistant principal asks Lyla to state her approach to students learning. Lyla responds by focusing on instilling a sense of curiosity in students by helping them to see learning tasks as interesting and meaningful. Which learner-centered principle has Lyla really touched on? a. The construction of knowledge b. Thinking about thinking c. Intrinsic motivation to learn d. Social influences on learning list and explain the sociological and psychological factors that go into voting.explain who votes and who doesn't. explain why people don't vote How did the transportation revolution contribute to economic growth? A.) Canals moved Irish immigrants from the areas west of the Mississippi to factories in the East. B.) Turnpikes made transportation of cotton from the North to the South faster. C.) Railroads provided new job opportunities in the North for newly freed slaves from the South. D.) Canals and railroads linked the agriculture of the Midwest with populations in the East. A triangle has two angles measuring 69 and 77. Determine the measure of the third angle b BIG IDEAS MATHWriting Expressions > Section Exercises 3.2 > Exercise 27Write the phrase as an expression. Then evaluate when y = 20.3 less than the quotient of a number y and 4Expression:When y=20, the value of the expression isBasicWrite the phrase an expression. The evaluate when y=203 less than the quotient of a number y and 4. Stephanie experiences paralysis to the left side of her body as a result of a horrible four-wheel accident. According to Stephanie, she is able to move both her left arm and leg. Stephanie experienced damage to her ____.