Acme Fasteners keeps efficiency high by making a million of each kind of bolt at a time. But its customers usually want to buy only 1,000 to 10,000 of a kind

at a time. What service of wholesalers can best help Acme in this situation?

O

A. Buying large quantities and selling in smaller lots needed by

customers

O

B. Transporting fasteners to storage facilities

O

C. Being experts in fasteners and customers who use them

O

D. Keeping fasteners stored without theft or other kinds of loss

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.