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Question - ABC partnership profit sharing A 60- B40 C industrial partner. 10% salary. Total Capital 1M Bonus A 20,000 B 10,000 Net income 200,000. Loss 100,000 Compute for profit and loss sharing or remaining balance. 2. DEF partnership profits and loss based on their capital contribution. Total capitalization 1,500,000. D-800,000 E- 500,000 F- 200,000 as industrial partner with salary of 5%. Interest D- 15% E 20%. Net income P600,000, Net loss 200,000 . Compute for profit and loss sharing or remaining balance, 3. XYZ partnership sharing of profits and loss X- 1/3 Y 2/3. Total Capital 2M. Z- Industrial partners 20% salary. Interest X- 10% Y-15%.. Bonus X-25,000. Y- 30,000. Net income 800,000 , Net Loss 300,000.
Required - Compute the profit and loss sharing or remaining balance of each number 1-3. Need to prepare in tables for profits and loss. You have to submit 6 tables in all 3- profit and 3 losses.
By how much would Gorga's profits change if 15,000 of part QT34 are purchased from Roseland? At what price would Gorga be indifferent to Roseland's offer?
Antique Inc. employs a normal job order costing system, using direct labor cost to apply manufacturing overhead. The following information is available for 2012 :
Depreciation expense was $13,000 and interest expense for the year was $12,000. The firm tax rate is 27 percent. What is the dollar amount of taxes paid in 2015
A replacement piece of equipment can be purchased for the machine above at a first cost of $25,000. Annual maintenance costs the first year are expected to be $1000 and increase by $300 each year. If this equipment were to be sold after 1 year, incom..
Morton Co. paid cash of $ 178,000 to acquire Zink Company's net assets on February 1, 2013. The balance sheet data for the two companies and fair value information for Zink immediately before the business combination were.
Software was undervalued by $30,000, what amounts for SoftPlus would appear in PanTech's December 31, 2017, consolidated financial statements?
Sam Company has predicted cost, What is the initial selling price needed to obtain a target profit of $25,000 using the variable cost markup method?
Your investment club has only two stocks in its portfolio; $35,000 is invested in a stock with a beta of 0.7, What is the portfolio beta
Define the process for doing the work. Mistake-proof the process and elmiminate wasted effort. Ensure continuous improvement by measuring, analyzing, and controlling the improved process. Is Motorola's approach to quality more closely aligned with TQ..
Analyze the major impact to the users of accounting statements if the statements are prepared in error. Explain the major advantages of a business owner with minimal accounting experience maintaining the company's book.
Illustrate what is the amount and character of the gain Longworth will recognize on the sale if the sale proceeds were decreased to $15,000?
decrease in accounts receivable, a $15,750 increase in accounts payable, and a $12,500 decrease in wages payable. Compute the new cash provided (used) in operating activities using the indirect method
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