Use the following to answer Questions 1 and 2 Ade and Weah are in partnership sharing profits in ratio 3:2. Their capital are $4,000,000 and $2,000,000 respectively and their drawings were $1,800,000 and $1,200,000.
The profit for the year before taking into consideration the following transactions was $5,400,000

i. Repair of partnership vehicle paid personally by Weah was $20,000
ii. Interest on loan advanced by Ade was $25,000
iii. Interest on drawings to be provided at 5%

1. Calculate the amount of profits available for distribution
2. By how much would Ade current account balance increase?​

Do savings and loan associations offer checking accounts?

Which of the following statements is correct? a) due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporationsb) most businesses (by number and total dollar sales) are organized as proprietorships or corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, primarily because corporations have important tax advantages over proprietorships and partnerships.c) due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatmentd) large corporations are taxed more favorably than proprietorshipse) corporate stockholders are exposed to unlimited liability

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting