Determine the new profit-sharing ratio of the partners

Assignment Help Accounting Basics
Reference no: EM133342579

Question: Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4 share in the profits, which he acquired wholly from. Das. Determine the new profit-sharing ratio of the partners.

Reference no: EM133342579

Questions Cloud

Draft an email that the downtown apartments could send : Calculate the minimum amount that is owed by XYZ Homes and the flat fee amount that they would charge the Downtown Apartments for the apartments listed above
Immune system role in maintaining homeostasis : What is the "big picture" of the immune system's role in maintaining homeostasis?
RNs and APRNs to actively participate in policy-making : Post an explanation of at least two opportunities that exist for RNs and APRNs to actively participate in policy-making.
Briefly take the role of an editor and write an OpEd piece : Briefly take the role of an editor and write an OpEd piece (to colleagues) on a topic relevant to Child health/Womens health
Determine the new profit-sharing ratio of the partners : They admitted Pal as a new partner for 1/4 share in the profits, which he acquired wholly from. Das. Determine the new profit-sharing ratio of the partners.
Discuss implications this policy change has for healthcare : Discuss the implications this policy change has for healthcare providers working in various states. What do you think should be done to address the implications
Future implications of epigenetics on practice : Define epigenetics. What role does epigenetics play in mental health? Discuss the current and/or future implications of epigenetics on practice.
Role of the nurse in health promotion and prevention : discussion define health, health promotion, protection and prevention. Discuss the role of the nurse in health promotion and prevention.
Social conflict-patriotism and citizenship : What do you think it means to love your country (patriotism)? How do you show patriotism? Is there a wrong way to show love for your country?

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.

  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!

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