User Account

All Pages

How much net income should be distributed to dakota

Assignment Help Accounting Basics
Reference no: EM131739379

Question: Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $58,000 Interest of 8% on each partner's capital balance on January 1 Any remaining net income divided equally. Emerson and Dakota had $25,000 and $140,000 respectively in their January 1 capital balances. Net income for the year was $220,000. How much net income should be distributed to Dakota?

Reference no: EM131739379

Questions Cloud

Compare trade financing alternatives : 4 international finance study questions, explained in paragraph form -not table. Paragraph or two each question.
What is meant by the term method of least squares : What is meant by the term, "method of least squares"? Specifically, what is minimized and what is being squared?
Statement of comprehensive income : BE130 Current Issues in Financial Reporting QUESTION - CASE STUDY. Prepare a justification with reference to relevant IFRS of the accounting treatment suggested
Impact on earnings per share : Of these two types of capital which will have the most impact on earnings per share for your company?
How much net income should be distributed to dakota : Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $58,000 Interest of 8% on each partner's capital.
Discuss vietnam war was a counterinsurgency that involved : The Vietnam War was a counterinsurgency that involved us in guerilla warfare that was similar, in some ways, to what we face in Afghanistan
Damages for injuries and lost employment : You are not at fault in a car accident that causes you total damages for injuries and lost employment in the amount of ?$550 000
Define local issue and how does it relate to global issues : hat is the local issue and how does it relate to global issues. On a global level, explain what actors create/perpetuate the issue
How many imaging session per month littleton imaging conduct : Dr. Na Gu plans to open a radiology office that provides CAT scans. She can lease the CAT scanner for $1,200 per month plus $45 for each imaging session.

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