A, B, and C are partners with average capital balances during 2016 of P472,500, P238,650, and P162,350, respectively. The partners receive 10% interest on their average capital balances; after deducting salaries of P122,325 to A and P82,625 to C the residual profits or loss is divided equally. In 2016, the partnership had a net loss of P125,624 before the interest and salaries to partners. By what amount should A's and C's capital account change- increase (decrease)? A A c.(P 40,844) d. P28,358 C P31,325 P32.458 P 30,267 (P40,448) P 17,536 a. b. P 29,476

Q: Discuss the major characteristics of a theory.

A: Discussion of major characteristics of a theory

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.