User Account

All Pages

How much of the cash would henry receive

Assignment Help Accounting Basics
Reference no: EM131790543

Henry and Thomas share gains and losses in the ratio of 2:1. After selling all assets for cash and paying all liabilities, the cash account has $12,000 in it. The capital accounts were as follows:

Henry $10,000; Thomas $2,000. How much of the $12,000 cash would Henry receive?

@ Henry receives cash to equal her capital balance

A. $8,000
B. $12,000
C. $2,000
D. $10,000

 

Reference no: EM131790543

Questions Cloud

Discuss the requisite background you and your team : The requisite background you and your team will need to adequately audit this company
What is the probability than 8 or fewer will graduate : In a random sample of 10 Wisconsin high school students, what is the probability than 8 or fewer will graduate?
What direct labor cost should have been incurred to make : What direct labor cost should have been incurred to make 20,000 units of the Jogging Mate? By how much does this differ from the cost that was incurred?
What is the probability that exactly 9 will graduate : In a random sample of 15 Colorado high school students, what is the probability that exactly 9 will graduate?
How much of the cash would henry receive : Henry $10,000; Thomas $2,000. How much of the $12,000 cash would Henry receive
What is the short-run inflation rate : Phillips Curve: a) If the equation for a country's Phillips curve is p = 0.03 - 0.25(u - 0.05), where p is the rate of inflation and u is the unemployment rate.
By what amount will w''s shareholder equity be increased : The options are exercised on April 2, 2012, when the market price is $21 per share. By what amount will W's shareholder's equity be increased
Provide all journal entries that are necessary in the books : Provide all journal entries that are necessary in the books of Large Mart to account for the purchase of the car as well as the payment of the car
What is the probability that exactly 6 out of 10 independent : Without doing a calculation, state whether the probability that 6 or more out of 10 homicides are cleared will be larger or smaller than the answer to part a?

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