Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - In the first year of operations, Aba and Company, a partnership, made a net income of P20,000, before providing for salaries of P5,000 and P3,000 per annum for Alba and Bana, respectively, as stipulated in the partnership agreement. Capital contributions and profit sharing ratios are as follows:
Capital
Profit Share
Alba
P30,000
40%
Bana
20,000
30%
Cada
10,000
Required -
A. How much profit share would Cada be entitled to?
a. P6,600
b. P9,800
c. P3,600
d. P0
B. Assuming that no profit-and-loss ratio was provided in the partnership agreement, how much profit share would Alba be entitled to receive?
a. P11,000 c. P2,000
b. P7,000 d. P20,000
What does full disclosure mean? How does full disclosure affect financial reporting? Are there any ethical implications to what must be reported in order to comply with full disclosure? Explain. What recommendations would you make to management regar..
Compute the yield to maturity on the old issue and use this as the yield for the new issue. Make the appropriate tax adjustment to determine the aftertax cost
Cash flows occur at the end of the year. Should the company purchase the new machine? Adidas is considering replacing its current shoe-making machine
Prime Corp., Translate Swissco's Year 2 financial statements assuming that Swissco's functional currency is the Canadian dollar.
How international financial management requires information related to cultural, historical and institutional differences. justify the statement
Based on the information provided, what was the amount of the Gain or Loss that McDonald's Waste Management recognized on the sale of this asset
The capital contribution of the land and its related mortgage was made on the date the partnership was formed. The land was used by the Partnership as a location to train the horses. How to journal entry this event? Partnership ratio Tara 60%, Kevi..
Calculate the Employment Insurance premium for an employee who works in Nova Scotia and has earnings of 1,000 per bi-weekly pay period.
The present value of PI for five periods at 10% is 0.621. Using the net-present value method. CHLOE's true rate of return on this investment is
A 10 year bond issued today by Carris, Inc. has a coupon rate of 10%, a required return of 6% and a face value of $1,000. The bond will be sold 5 years from now when interest rates will be 8%. What is the actual rate of return (or holding period retu..
What would be the advantage to the lender? What would be the advantage to the borrower?
Calculate the percentage change in profits IT sales decrease by 10 percent. (Round your answer to one decimal place.) 14 % decrease
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd