How much is the share of a in the profit

Assignment Help Accounting Basics
Reference no: EM133107809

Question - The ABC Co., on which A, B and C are partners, reported profit of P360,000 during the year. If partners A, B and C have a profit sharing agreement of 2:3:4, respectively, how much is the share of A in the profit?

Reference no: EM133107809

Questions Cloud

Aging of the us workforce : The aging of the U.S. workforce has been called the "silver tsunami." Ten thousand Baby Boomers turn 65 every day-a trend that began in 2011 and will continue u
Record journal entries needed on december : At December 31, 2020, the fair value of the securities was $60,000 and they reported net income of $5,000. Record journal entries needed on December
What are the different group properties : Define and explain the following concepts: (Minimum 4 sentences)
Short insight into strategy formulation : A short insight into strategy formulation. Then 2 reasons why strategy should be aligned with revenue generation, products/services, and customers.
How much is the share of a in the profit : Question - The ABC Co., on which A, B and C are partners, reported profit of P360,000 during the year. How much is the share of A in the profit
Explain the organizational strategy : An analysis of the way in which organizational strategy should be linked to products, services, customers and revenue
Strong academic background and high job ambitions : This is the story of Ms. Rai Patel, a finalist BBM student with strong academic background and high job ambitions.
ST2195 Programming for data science Assignment : ST2195 Programming for data science Assignment Help and Solution, University of London - Assessment Writing Service
Why investments appraisal is important : Explain why investments' appraisal is important in the success of a company

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd