How much will Atty Diokno receive

Assignment Help Accounting Basics
Reference no: EM133107894

Question - Atty. Diokno owns 30% of the capital and profits of his law office. The law office reported P5,000,000 profits in 2021. What if the partnership is engaged in business processing outsourcing if the law office distributed 50% of its 2021 net income. How much will Atty. Diokno receive?

Reference no: EM133107894

Questions Cloud

Develop an hrd policy on training and development : Develop an HRD policy on training and development for your organisation or any organisation of your choice. Give a short description of the organisation to whic
Effectiveness of organization performance : Feedback is theoretically an important part of the performance management system in strategic HRM. Could you use what you have learned in the motivation theorie
Landmark contributions made in the development of the ehr : Discuss the landmark contributions made in the development of the EHR; and what the future of EHRs will look like 20 years from now.
What the journal entry required for depreciation expense : A company purchased equipment in 2010 for $100,000 with a residual value of $2,000. What the journal entry required for depreciation expense in 2012
How much will Atty Diokno receive : Atty. Diokno owns 30% of the capital and profits of his law office. The law office reported P5,000,000 profits in 2021. How much will Atty Diokno receive
Employee signing the agreement : Many employers today are asking employees to sign an agreement that requires mandatory ADR for work related disputes prior to commencing employment. The ADR cou
Find the MIRR for this project : Find the MIRR for this project: Expected net cash inflows of $12,000 a year for 6 years and Initial cost $50,000
Determine the accounts payable balance : At October 1, 2020, Medina Laundromat had an accounts payable balance of HK$500,000. At October 31, 2020, determine the accounts payable balance
What did Qwik Company show total credits on trial balance : Qwik Company showed the following balances at the end of its first year: Cash $8,700. What did Qwik Company show total credits on trial balance

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd