Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Gordon and Fernando sole proprietorships decided to form a partnership on June 1, 2011. The partnership will take over their assets and assume their liabilities. As of June 1, 2011, the net assets of Gordon and Fernando are P220,000 and P309,375, respectively. The partners agreed on a 25:75 profit and loss ratio.
Furthermore, the partners arrive on the following agreements to revalue their assets and liabilities:
Problem 1: How much cash should Gordon invest (withdraw) so that their capital interest would be equal to their profit and loss ratio.
a. P(133,250)
b. P 133,250
c. P( 95,000)
d. P 95,000
Would you have handled the situation the same if you were her? If not, what would you have done differently? Why?
An injection molding system has a first cost of $210,000. Using a MARR of 10% per year, determine the ESL and the respective AW value of the system.
Old Time Savings Bank pays 4% interest on its savings accounts How much interest will earn in the second year? How much interest will you earn in the 10th year?
ABC Co. had the following account balances: What amount would ABC Co. reports as income from operations in its income statement
Refer to the scenario above. If Southern? Cornbread's EBIT is? $6,000, compare EPS before and after the new debt
In 2012, Quapau Products introduced a new line of hot water heaters that carry a one-year warranty against manufacturer’s defects. Based on industry experience, warranty costs were expected to approximate 5% of sales revenue. First-year sales of the ..
The cash in bank balance per ledger is P400,000. You determined that entity recorded a P50,000 check payment as P5,000. What is the correct cash in bank balance
You will receive a total of 10 payments. If you can invest the cash flows in an investment paying 7.65 per cent annually, what is the present value of annuity
Calculate the gain or loss if the asset is sold for $18,000 on December? 31, 2019, the last day of accounting period. The straight-line method of depreciation
What new quantitative and qualitative information will you need to incorporate into your decision? What qualitative information is relevant to your decision?
Prepare an income statement for November using the traditional format with costs organized by function. Why might it be misleading to show the fixed costs on a per unit basis?
Holt now feels the computer will be used until December 31, 2014, when it can be sold for $500 - Compute the 2013 depreciation.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd