Faith busby and jeremy beatty started the b& b partnership on january 1, 2018. the business acquired $85,800 cash from busby and $134,200 from beatty. during 2018, the partnership earned $66,500 in cash revenues and paid $42,600 for cash expenses. busby withdrew $3,400 cash from the business, and beatty withdrew $5,600 cash. the net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business. required: prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for b& b’s 2018 fiscal year.

Long-distance providers are becoming increasingly concerned about certain activities within their industry. various companies come together voluntarily to implement new standards of social responsibility that members must abide by. what seems to be the primary motivation in this case for an increased interest in social responsibility? - because corporations are creations of society, they are responsible for giving back to the communities in which they operate.- these companies have realized it is in their best interest to increase their social responsibility before they are once again subject to stricter regulations.- these companies are using social responsibility as a means to increase their profitability, both short term and long term.- long-distance providers have started taking pride in their industry and its record for social responsibility.- they feel a responsibility to their stockholders, employees, the government, investors, and society as a whole.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?