User Account

All Pages

Find violet will eventually receiev a cash

Assignment Help Financial Accounting
Reference no: EM132930815

Problem 1: Black and white are partners who share income in the ratio of 1:3 and have capital balances of 100,000 and 140,000 at the time they decided to terminate the partnership. after all non-cash assets are sold and all liabilities are paid, there is a cash balance of 130,000. What amount of loss on realization should be allocated to white?

Problem 2: Partners orange and violet each have a 200,000 capital balance and share profits and losses in a 3:2 rati, respectively. cash equals 100,000, non-cash assets equal 600,000 and liabilities equal 300,000. If the non-cash assets are sold for 250,000 and both partners agreed to make up for any capital deficits with personal cash contributions. violet will eventually receiev a cash of?

Reference no: EM132930815

Questions Cloud

Determine what is the depreciation included in cost of goods : Determine what is the depreciation included in cost of goods sold for the first year? A coal company invests $11900000 in a mine estimated to have 19600000
Find the number of units that would have to be sold : Pina Colada Company had $151,400 of net income. Find the number of units that would have to be sold in 2017 to reach the stockholders' desired profit level.
Prepare entries to record the acquisition and amortization : Prepare entries to record the acquisition and amortization of franchise in year 2019 and the first annual installment on the franchise fees on January 1 2020
Explain important aspects of developing teams : What are three important aspects of developing teams and choosing a leader from your perspective?
Find violet will eventually receiev a cash : Assets are sold for 250,000 and both partners agreed to make up for any capital deficits with personal cash contributions. violet will eventually receiev a cash
Differences between a self managed credit plan : 1) List and explain the differences between a self managed credit plan and a contracted credit plan.
Implementing a training program : What are the implications of designing and implementing a training program without first conducting a needs analysis?
Discuss whether glam cosmetics should recognise as an asset : Discuss whether Glam Cosmetics should recognise this expenditure as an asset, justifying your answer by reference to the conceptual framework
Implications of designing and implementing training program : What are the implications of designing and implementing a training program without first conducting a needs analysis?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Present value exceeds the projected net present value

Ginger Company recently installed a postaudit program. To motivate their employees to take the program seriously, Ginger established a bonus program. Managers receive a bonus equal to 10 percent of the amount by which net present value exceeds the pr..

  Method of recording purchases

The journal entries related to this transaction using the gross method of recording purchases - record the journal entries related to this transaction using the net method of recording purchases.

  Which taxpayers will be allowed to recognize depreciation

Which taxpayers will be allowed to recognize depreciation on the property? ben owns a vehicle which is used for both personal and business purposes

  What are the most important rules that successful long-term

What do you think is the most important rule that successful traders follow? What are the most important rules that successful long-term investors follow?

  Calculate the roa for pony express company

Calculate the ROA. Determine the return on shareholder's equity. If the asset turnover ratio is 2.2 times, what is the profit margin

  Construct scatter diagram graph that shows goodman returns

Construct a scatter diagram graph that shows Goodman's and Landry' returns on the vertical axis and the Market Index's returns on the horizontal axis.

  How much will churchill receive from the sale of the bonds

If the life of the bonds is six years and interest is paid annually on December 31, how much will Churchill receive from the sale of the bonds?

  How big should the payout be

If the first payout is to have the same purchasing power of $48,000 today, how big should the payout be, assuming 4.2% inflation

  Products profit-maximizing price according to formula

Allen Corporation's vice president in charge of marketing believes that every 12% increase in the selling price of one of the company's products would lead to a 16% decrease in the product's total unit sales. The product's profit-maximizing price acc..

  Allie and monte each own 50 of raider corporation an s

allie and monte each own 50 of raider corporation an s corporation. both individuals dynamically participate in raiders

  How much of takes on average days to pay bills

Will the company's accounts payable increase or decrease, and Determine by how much of it takes on average 6 days to pay its bills?

  Would use of accelerated depreciation in financial stmt

Would the use of accelerated depreciation in the financial statements be more conservative or less conservative than the current practice of using the straight- line method? Explain."

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