Franco capital account balance

Assignment Help Accounting Basics

Reference no: EM13146146

Franco and elisa share income equally. during the current year the partnership net income was $40000. Franco made withdrawals of $12000 and elisa mae withdrawals of $17000. At the beginning of the year, the capital account balances were: franco capital, $40000; elisa capital, $58000. franco's capital account balance at the end of the year is ??

Reference no: EM13146146

Questions Cloud

How many ml of 3.0 m formic acid should be added : A student wants to make a pH 4.0 buffer solution. She decides to use a buffer made from formic acid and sodium formate (NaCOOH).

Materials and manufacturing overhead resources : Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $15,000 on its plant equipment and monthly advertising costs of $3,000 to place advertisements in magazines. Also, each drive requ..

Stabilize financial systems in 2007-2009 : Describe when and why central banks buy either their own currency or the currency of another nation in an effort to control exchange rates.

Calculate the amount of fructose phosphate formed : calculate the amount of fructose 6 phosphate formed from glucose 6 phosphate in a 10 milliliter incubation system if 0.5M G6P is incubated overnite at 25oC and the equilibrium constant is 0.67.

Franco capital account balance : At the beginning of the year, the capital account balances were: franco capital, $40000; elisa capital, $58000. franco's capital account balance at the end of the year is ??

Calculate the ph at the equivalence point : A 50.0 mL sample of 0.40 M benzoic acid, C6H5COOH, a weak monoprotic acid, is titrated with 0.48 M NaOH. Calculate the pH at the equivalence point. Ka of C6H5COOH = 6.5 10-5

Histogram for math sat scores is symmetric and concentrated : Assume that the histogram for Math SAT scores is symmetric and concentrated about 450. Estimate the percent of students who score higher than 650 of the Math SAT.

Determine the order of reaction : at 400 K, the rate of decomposition of a gaseous compound initially at a pressure of 12.6 kPa, was 9.71 Pa/s when 10.0 % had reacted and 7.67 Pa when 20.0 % had reacted.Determine the order of reaction.

Three tools of financial statement analysis : What are the three tools of a financial statement analysis and what are the functions of each.

User Account

All Pages