User Account

All Pages

Define the terms of the original partnership agreement

Assignment Help Accounting Basics
Reference no: EM131739394

Question: The E.N.D. partnership has the following capital balances as of the end of the current year:

Pineda                   $ 330,000

Adams                      290,000

Fergie                       260,000

Gomez                      240,000

Total capital         $ 1,120,000

Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $350,000 based on the terms of the original partnership agreement. If the bonus method is used, what is the capital balance of the remaining three partners? (Do not round your intermediate calculations. Round your final answers to the nearest dollar amounts.)

Reference no: EM131739394

Questions Cloud

What is the capital balance of the remaining partners : Assume that the partners share profits and losses 3:3:2:2, respectively. Fergie retires and is paid $296,000 based on the terms of the original partnership.
Exploring how personal habits and stress and health interact : Discuss the difference in the medical model's view of health and the view of the biopsychosocial model;
Discuss the challenges and risks you may face : Discuss in 525 words the challenges and risks you may face in starting a business in a foreign country including Cultural, business and political risks.
Manufacturer of budget vacuums has grown exponentially : Vacuum Express (VE) is a family-owned manufacturer of budget vacuums has grown exponentially over the last few years.
Define the terms of the original partnership agreement : Assume that the partners share profits and losses 4:3:2:1, respectively. Pineda retires and is paid $350,000 based on the terms of the original partnership.
Exploring how personal habits and stress and health interact : Discuss the difference in the medical model's view of health and the view of the biopsychosocial model;
Global marketing -what are the benefits to the consumers : What needs are being met by the product purchase? What are the benefits to the consumers? Make sure that you differentiate between features and benefits;
Explain your budget to the county council : learly label the calculations for the required components of the capital budget using Excel. Explain your budget to the county council.
What is the total dollar call premium required to call : a. What is the total dollar call premium required to call the old issue? Is it tax deductible? What is the net after-tax cost of the call?

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