User Account

All Pages

How much profit did the partnership earned during the year

Assignment Help Financial Accounting
Reference no: EM133012108

Problem 1: A has a 25% participation in the profits of a partnership. During the year, A's capital account has a net decrease of 4,000. A made contributions of 16,000 and capital withdrawals of 24,000 during the year. How much profit did the partnership earned during the year?

Reference no: EM133012108

Questions Cloud

What is the balance of direct origination cost on December : Lunox Bank granted a 12%, P5,000,000 loan to Nana Company.What is the balance of direct origination cost on December 31, 2020
How the bank is run to borrowers and depositors : Which type of bank provides a vote on how the bank is run to borrowers and depositors? Savings and loan association./ Mutual savings bank
What would be the firm return on equity for the year : What would be the firm's return on equity for the year if the action is taken? It's the last day of the fiscal year of I-Hope-You' re-Not-Too-Desperate
What is the payback period for this project : Jobby Ltd is considering whether to purchase a new machine. It will cost $360,000 to purchase and $40,000 to install. What is the payback period
How much profit did the partnership earned during the year : A made contributions of 16,000 and capital withdrawals of 24,000 during the year. How much profit did the partnership earned during the year?
How much is the minimum level of profit necessary : How much is the minimum level of profit necessary so that A shall receive a total of 5,000, inclusive of salary, interest and share in remaining profit
Difference between a stabilizer and an emulsifier : What is the difference between a stabilizer and an emulsifier, and what are their roles in creating an emulsion and What is the basic formula, fat to egg yolk
What is the real inflation-adjusted rate of return of nancy : The rate of inflation of college costs is 3.90 percent. What is the real inflation-adjusted rate of return of Nancy's investment in college funds?
Calculate the total cost based on the EOQ : The main supplier of the colored beads advised the financial controller that 5% discount would be given. Calculate the total cost based on the EOQ

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the total revenue and after-tax cash flow

At $19.00 per barrel, what is the total revenue and after-tax cash flow? At $21.00 per barrel, what is the after-tax cash flow?

  What was the company retained earnings balance

Question - Balance Inc. reports a net loss for the year of $(134) million, What was the company's retained earnings balance at the start of the year

  How much is carera budgeted variable cost per unit

Because of the need for additional facilities, budgeted fixed costs for 60,000 units are 25%. How much is Carera budgeted variable cost per unit

  Compute the internal rate of return

Caspian Sea Drinks' marginal tax rate is 21.00%. Compute the internal rate of return for the RGM-7000

  What the NPV of this project

Question - A project will generate cash inflows of $10 000 next year and $20 000 in the following year. What the NPV of this project

  How many shares of common stock are outstanding

How many shares of common stock are outstanding? How many shares of preferred  stock are outstanding? What was the average selling price of a share of common stock?

  Question andre has asked you to determine his business

question andre has asked you to determine his business andres hair styling. andre has five barbers working for him.

  Why risk management is important for organizations

Why risk management is important for organizations? The Risk assessment and control is one of the most important things at your workplace

  Question 1 you are an investor seeking an investment

question 1 you are an investor seeking an investment opportunity. you have obtained the financial statements of two

  What financial statements are impacted and how

Discuss one ACA provision and describe how it will impact healthcare finance. Specifically, what financial statements are impacted and how?

  Find what is the amount of maren bargain element

When the share price was $15 per share, she exercised all of her options. Eighteen months later she sold. What is the amount of Maren's bargain element?

  Adjustments to reconcile net income

Hendrickson Corporation reported net income of $49,070 in 2014. Depreciation expense was $18,960. The following working capital accounts changed. Hendrickson Corporation Statement of Cash Flows (Partial) For the Year 2014 $ Adjustments to reconcile n..

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