Charles and jack orally agreed to become partners in a tool and die business. charles, who had experience in tool and die work, was to operate the business. jack was to take no active part but was to contribute the entire $500,000 capitalization. charles worked ten hours a day at the plant, for which he was paid nothing. nevertheless, despite charles's best efforts, the business failed. the $500,000 capital was depleted, and the partnership owed $500,000 in debts. prior to the failure of the partnership business, jack became personally insolvent; consequently, the creditors of the partnership collected the entire $500,000 indebtedness from charles, who was forced to sell his home and farm to satisfy the indebtedness. jack later regained his financial responsibility, and charles brought an appropriate action against jack for
(a) one-half of the $500,000 he had paid to partnership creditors and
(b) one-half of $80,000, the reasonable value of charles's services during the operation of the partnership. who will prevail and why?

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths

The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?