User Account

All Pages

How much should be distributed to T upon liquidation

Assignment Help Accounting Basics
Reference no: EM132857918

Question - On April 5, 2020, T, D and I form a partnership investing cash of $105,000, $94,500 and $29,400, respectively. The partners share profits 3:2:2 and on October 29,2020, they have cash of $7,000 and other assets of $332,500, liabilities are $179,200. On this date, they decided to go out of business and sell all the assets for $210,000. I is solvent upto 10,500 of his personal assets that may, if necessary be used to meet partnership obligations. How much should be distributed to T upon liquidation of the partnership?

Reference no: EM132857918

Questions Cloud

Create a Technology usage Viewpoint : Shows the structure of the information used in the enterprise or in a specific business process or application, in terms of data types or information elements
Surplus production capacity for the proposed export : An overseas distributor would like to market a product that you are currently manufacturing for local consumption. Pertinent data is as follows:
How will processes and operation need to be adjusted to meet : Discuss at least two implications of current health care reform on your chosen health care organization's goals and strategic plan.
Provide an example of the null hypothesis : Provide an example of the null hypothesis and a corresponding example of the alternative hypothesis. Please use examples related to business or school activitie
How much should be distributed to T upon liquidation : On April 5, 2020, T, D and I form a partnership investing cash of $105,000, $94,500 and $29,400, respectively. How much should distributed to T upon liquidation
What is the probability that more than of the sample : Draughtsmen Aleworks performed a survey, with a sample of 100 Isla Vista residents (who were 21 and over) to determine which of two new beer styles is preferred
How has the changing health care environment impacted : What are thoughts about the debate regarding whether health care is a right or a privilege? How has the changing health care environment impacted your practice?
Interpret the confidence interval for repeat viewers : YouTube is becoming a huge resource when it comes to publicity. Advertisers monitor the amount of traffic specific users generate
How much will she pay in interest : Kristin uses her credit card to purchase new television for $863.35. The card has an annual rate of 29.9% compounded monthly. How much will she pay in interest

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