User Account

All Pages

How much should be allocated Abulencia

Assignment Help Financial Accounting
Reference no: EM132969568

Question - Abulencia and Daguiso have the following profit and loss agreement: salaries of P30,000 and P45,000 for Abulencia and Daguiso, respectively; a bonus to Abulencia of 10% of profit after salaries and bonus; and interest of 10% on average capital balances of P20,000 and P35,000 for Abulencia and Daguiso, respectively. One-third of any remaining profit is allocated to Abulencia and the balance to Daguiso. If the partnership had a profit of P102,500, how much should be allocated Abulencia?

Reference no: EM132969568

Questions Cloud

What the company average sale period was closest to : The beginning inventory balance was $28,000 and the ending inventory balance was $26,000. The company's average sale period (turnover in days) was closest to
Record wendell journal entries : Record Wendell's journal entries for 2025 - 2027 assuming this is a financing lease. Classico Kitchen Cutlery manufactures and leases kitchen appliances to bars
Calculate the net present value : Salem Ltd. has a minimum required return for similar investments of 14%. Calculate the net present value (NPV) for this investment opportunity
How can you use exercise to prevent and reduce stress : How can you use exercise to prevent and reduce stress? Please explain your answer
How much should be allocated Abulencia : One-third of any remaining profit is allocated to Abulencia and the balance to Daguiso. How much should be allocated Abulencia
Why are databases important to business : Why are databases important to business? How do databases generate sales and profits? What databases do you interact with, and how do they benefit you?
What is the required rate of return on the project : The risk-free rate is 5%, and the expected rate of return on the market portfolio is 15%. What is the required rate of return on the project
Risks of significant supply chain disruption : How can a company like Apple, with a global supply chain, hedge against the risks of significant supply chain disruption due to the emergence of new viruses suc
Complete the pension work sheet : The accumulated benefit obligation at December 31, 2021, amounted to $3,180,000. Complete the pension work sheet for 2021

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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