User Account

All Pages

How much cash will a receive in the final settlement

Assignment Help Accounting Basics
Reference no: EM133100352

Question - ABC partnership has assets of cash of P13,000 and equipment worth P70,000. All liabilities have been paid and the partners are all insolvent. The partners capital accounts are as follows A, P50,000, B, P30,000 and C, P3,000. The partners share profits and losses 5:3:2. If the equipment is sold for P45,000, how much cash will A receive in the final settlement?

A. P50,250.

B. P36,250.

C. P3,000.

D. P21,750.

Reference no: EM133100352

Questions Cloud

What is the impact of higher discount policy : Last year SelWel clocked sales of Rs 200 cr. Average Collection Period (ACP) was 25 days, What is the impact of higher discount policy
Industry challenges to healthcare analytics : According to Davenport (2014) the organizational value of healthcare analytics, both determination and importance, provide potential increase in annual revenue.
Identify potential customers : Your organisation believes that it is necessary to expand into new market areas. You have been asked to conduct appropriate research to determine the feasibilit
Production and supply chain management : The development of Artificial Intelligence (AI) has an effect on different areas of international fashion business including fashion communication, production a
How much cash will a receive in the final settlement : The partners share profits and losses 5:3:2. If the equipment is sold for P45,000, how much cash will A receive in the final settlement
Planning and coordinating recreational activities : Please describe your experience with planning and coordinating recreational activities.
Making a good impression : What benefits could making a good impression bring you, the customer service agent, the customer, or your company?
Methods research article published in academic journal : Which methods and data collection strategy has the author used? How did the author select the sample from the population?
Is there an arbitrage opportunity now : Suppose the NASDAQ dealer revises his quotes to a bid price of $27.90 and an ask price of $28.04. Is there an arbitrage opportunity now

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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