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A and B are partners who share profits and losses in the ratio of 7:3 respectively.
Their respective capital accounts are as follows:
A P 35,000 B P 30,000
35
Problem 1: They agreed to admit C as a partner with a one-third interest in the capital and profits and losses, upon an investment of P 25,000. The new partnership will begin with a total capital of P 90,000. Immediately after C's admission, what are the capital balances of A, B, and C respectively?
Nixon Communications is trying to estimate the first-year operating cash flow (at t 1) for a proposed project. The financial staff has collected the following.
Compute Holly's profit margin. What other information would you need in order to comment on whether this ration is favorable
Soaring Eagles Corp. has total current assets of $11,884,000, current liabilities of $5,374,000 and a quick ratio of 0.86. What is its level of inventory
Income before income tax was $270,000, and income taxes were $39,600, for the current year. Determine the earnings per share on common stock
Use the CCH Intelli Connect Federal Tax database to answer the following questions: What are the major database categories provided
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis
ABC Inc., a specialized equipment manufacturer, uses a job order costing system. The overhead is allocated to jobs on the basis of direct labor hours. The overhead rate is now $2,000 per direct labor hour.
Prepare all necessary entries on Blenim's books in connection with the investment beginning with the purchase of the common stock on August
jewel companys revenues are 300 and invested capital is 240. expenses are currently 60 of sales. jewel companys current
the sales budget for perrier inc. is as forecasted as follows month sales revenue may 120000 june 160000 july 180000
A movie is expected to produce cash flows of 13,500 dollars per month. The cost of capital for the movie is 19.68 percent per year. What is value of the movie
Why do auditors have to consider the internal controls of the organization? What are some key elements of internal control? Which are the most important? How will the auditor have to modify the audit program if the internal controls are deemed ina..
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