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Question - Sally and Andy are partners in Just Hats, LLC. Andy works in the business for an agreed salary draw of $4,000 per month. Sally has invested $200,000 in the business and Andy invested $100,000. THe net income of the business is $168,000 for the year. Income is distributed based on the investment of each partner after allocation for salary. How much net income is allocated to Sally?
the justin companys heating system has just completed its 12th year of a estimated 15-year life. at date of purchase
Reynolds Construction needs a piece of equipment that costs $200. Reynolds either can lease the equipment or borrow $200 from a local bank and buy.
Gomez has $300,000 in 8 percent debt outstanding, and a similar company with no debt has a cost of equity of 11 percent. According to the Miller model, what is Gomez's value of equity?
the modified accelerated cost recovery system macrs specifies which of the following depreciation methods for
Explain how the purchases of goods or materials is calculated if we know the cost of goods sold and the inventory (stock) at the start and end of the period.
Bonita Corporation has elected to use the fair value option for one of its notes payable. Determine the unrealized holding gain or loss on the note
assume that logan company uses a periodic inventory system and has these account balances purchases 404000 purchase
explain three issuesproblems that a company could face when trying to determine the actual cost of a good or service to
danson iron works inc. manufactures angular contact ball bearings for pumps that operate in harsh environments. if the
Compute 2008 cash-basis net income. Compute 2008 accrual-basis net income.
The point of these summaries is to tell us, specifically, what an author is arguing and how they're making that argument. This is meant to be a true summary.
poplar corp. comparative balance sheets included inventory of 90200 at december 31 2011 and 70600 at december 31 2012.
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