User Account

All Pages

Calculate powell capital in the new partnership

Assignment Help Accounting Basics
Reference no: EM133104631

Question - Peary has $103000 capital and Haymer has $77000 capital in the Peary ?& Haymer partnership. Peary and Haymer share profits and losses equally. Nick Powell contributes cash of $ 60000 to acquire a 1 divided by 4 interest in the new partnership.

Required -

1. Calculate Powell's capital in the new partnership.

2. Journalize the? partnership's receipt of the $60000 from Powell.

Reference no: EM133104631

Questions Cloud

What amount of money invested today : What amount of money invested today at 3.18% compounded semiannually will have an accumulated value of $661,000 in 2 years from now
Prepare an income statement : Prepare an income statement: Beginning Finished Goods Inventory 29,730 and Ending Finished Goods Inventory 19,990
Prepare entries to record actual returns : Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise
Prepare a personal risk management plan : Prepare a personal risk management plan for the married couple you have assessed risk in portfolio question 1. In the plan, discuss the elements
Calculate powell capital in the new partnership : Peary has $103000 capital and Haymer has $77000 capital in the Peary ?& Haymer partnership. Calculate Powell capital in the new partnership
What is the profit to the investment bank : It then sells these shares to the public for $ 22.50 per share. How much money does X receive? What is the profit to the investment bank
Hipaa security violations and training : Protecting patient's privacy is an important aspect of health information. Perform an internet search to find a legal case related to HIPAA Security violations
MATH136 Linear Algebra Assignment : MATH136 Linear Algebra Assignment Help and Solution, University of Waterloo - Assessment Writing Service - Determine the characteristic polynomial
Vulnerable populations face post-disaster : Describe minimum of three stressors that vulnerable populations face post-disaster. Why is social capital key in addressing disaster prevention-risk reduction?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd