Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contributes $12,000 cash and equipment having a book value of $6,000 and a fair value of $9,000.

Choose the entry to record Gretel's investment in the partnership.

a. Cash 12,000
Gretel, Capital 12,000

b. Equipment 6,000
Gretel, Capital 6,000

c. Cash 12,000
Equipment 6,000
Gretel, Capital 18,000

d. Cash 12,000
Equipment 9,000
Gretel, Capital 21,000

Molander corporation is a distributor of a sun umbrella used at resort hotels. data concerning the next month’s budget appear below: selling price per unit $ 29 variable expense per unit $ 14 fixed expense per month $ 12,450 unit sales per month 980 required: 1. what is the company’s margin of safety? (do not round intermediate calculations.) 2. what is the company’s margin of safety as a percentage of its sales? (round your percentage answer to 2 decimal places (i.e. 0.1234 should be entered as 12.

An allergy products superstore buys 6000 of their most popular model of air filters each year. the price of the air filters is $18. the cost of ordering and receiving shipments is $12 per order. accounting estimates annual carrying costs are 20% of the price. the supplier lead time is 2 days. the store operates 240 days per year. each order is received from the supplier in a single delivery. there are no quantity discounts. what is the store’s minimum total annual cost of placing orders & carrying inventory?

Which investment has the liquidity and can be converted into cash easily?