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Two partners agree to share profits in the following arrangement:
1) Salary of $40,000 for each
2) Interest at 10 percent on beginning capital balances
3) The remainder in a 50-50 ratio
Problem 1: The first partner contributed $100,000 in beginning capital, and the second contributed $50,000. How much money would the second partner receive from total profits of $120,000?
The Smiths own all the corporation's stocks, and they are not required to disclose financial information publicly. What type of business is this?
On a current bank reconciliation, an amount is required to be added with the bank statement balance because in the previous closed accounting period a correction entry was not done in the general ledger. If the cash account needs to be debited, what..
Calculate average length of stay for Okaloosa Osteopathic Hospital, given the following data: Inpatient days = 19882 and Licensed beds = 23
Suppose the company can borrow at [3+4]%. What will be the value of the company be if it takes on debt equal to [45+8+3]% of its unlevered value?
Kevin owns a retail store, and during the current year he purchased $600,000 worth of inventory. Kevin’s beginning inventory was $65,000, and his ending inventory is $75,000. During the year, Kevin withdrew $15,000 in inventory for his personal use.
Pessimistic estimates of sales are $600,000 and $400,000, respectively, what are the monthly net cash flows and required financing or excess cash balances?
The following information is from the noncurrent asset portion of Randle Companys balance sheet. Dec. 31, 2013 Dec. 31, 2012 property, planr, and equipment $140,000 $125,000. Accumulated depreciation ($69,500) ($57,000). Long term investments $27,000..
Mercy estimates that $350,000 could be eliminated if the laboratory were closed. What reflects the indirect costs of the laboratory?
If you invested $100 in a savings bond that yields 4% interest (compounded quarterly) on 1/1/2010, how much would the savings bond be worth on 1/1/2011?
If a corporation issued $4070000 in bonds that pay 5% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%
After 6 hours the component is subject to additional stress producing a failure rate of 15% per hour. What is the mean lifetime of the component?
What is the bond annual yield to call and the bond annual yield to maturity? Also, if general interest rate is expected to remains unchanged
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