Many firms outsource their cafeteria plans to a professional vendor because of the complexity of administering the system.

The capital accounts of Hope and Indiana have balances of $115,000 and $95,000, respectively. Clint and Casey are to be admitted to the partnership. Clint buys one-fifth of Hope's interest for $30,000 and one-fourth of Indiana's interest for $20,000. Casey contributes $45,000 cash to the partnership, for which he is to receive an ownership equity of $45,000.​Required
(1) Journalize the entries to record the admission of
(a) Clint and
(b) Casey.
(2) What are the capital balances of each partner after the admission of the new partners?​

In evaluating an economy's performance over a period of years,real GDP provides a better measuring rod than GDP because

A) GDP is distorted by its failure to show qualitative improvements in the products we manufacture.
B) real GDP is adjusted for the social and environmental costs of production,which are normally not compensated.
C) real GDP includes such productive endeavors as housewife services and home repairs that are performed by households without payment.
D) GDP reflects changes in prices as well as changes in output.

Refer to Table 20-7. The Human Development Report computes a measure of inequality by dividing the income of the richest 10% of the population by the income of the poorest 10%. If the value for this measure of inequality in the US is 15.9 and the value for India is 8.6, how does Imagination compare to these two nations?

Which of the following best describes a benefit of strong internal corporate communications?

A) opportunity to create a unified corporate image
B) ensure employees understand the business rules and regulations
C) provide current details on recent employee mistakes
D) give clients an opportunity to meet employees

Which of the following is considered the most important factor in determining how well a team will perform?

A) A shared sense of purpose
B) The right mix of creative talent
C) Full engagement of team members
D) Strong communication skills
E) Clear objectives