Farrell and Jimmy Enter into a Partnership Agreement on May

question 58

Multiple Choice

Farrell and Jimmy enter into a partnership agreement on May 1,2017.Farrell contributes $50,000 and Jimmy contributes $150,000 as their capital contributions.They decide to share profits and losses in the ratio of their respective capital account balances.The net loss for the year ended December 31,2017 is $40,000.The capital account of Farrell should be ________ with the amount of loss.

• A)debited
• B)credited
• C)increased
• D)halved

Identify the conditions necessary for price discrimination to be effective.

Distinguish between direct and indirect price discrimination.

Analyze the impact of price discrimination on consumer and producer surplus.

Recognize the role of elasticity of demand in price discrimination strategies.

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Definitions:

Engaged

A state where individuals are fully absorbed, enthusiastic, and motivated towards their work or activity.

Committed

the state of being dedicated to a cause, activity, or goal, often demonstrated through persistence and enthusiasm.

Ethical Cultures

The collective practices, beliefs, and values of an organization that influence the ethical behavior of its members.

Positive Organizational

Pertaining to practices or attitudes within an organization that contribute to a constructive and productive work environment.