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Determine their shares to the net income or net loss for each of the following independent situations:
a. Net loss is $130,000 and the partners have no written partnership agreement.
b. Net income is $50,000, and the partnership agreement states that the partners share profits and losses on the basis of their capital balances.
c. Net income is $140,000. The first $84,000 is shared on the basis of partner capital balances. The next $42,000 is based on partner service, with Freeley getting 25% and hart 75%. The remainder is shared equally.
Set up an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next 3 years. The interest rate is 10 percent, compounded annually.
When measuring the cost of capital, many companies measure the cost of the common stock in the company.
On February 10, 2013, Rims Corporation purchased a parcel of land as a factory site for $250,000. An old building on the property was demolished, and construction began on a new building which was completed on September 30, 2013. Salvaged material..
By how much will Appling's earnings be increased or decreased by the bonds (ignoring taxes) in the December 31 annual financial statements?
Assume that the U.S. Congress imposes an raise in taxes. Under the floating exchange rate regime, carefully illustrate and describe the process that will generate a new goods market
How much overhead is allocated? What is the over/under absorbed overhead?
Indicating the outcome of such a change on current taxes, and Outlining the requirements for making this change.
Why do you think present value is an important concept for management to understand? Do you think it should be used for all financial statements items, why or why not?
Gulick Company developed the following data for the current year: Gulick Company's direct labor cost for the year is ??
Sam Jones is a pharmacist earning $90,000 per year and he decided whether to purchase a pharmacy and become manager of a business that generates revenue of $500,000 each year.
If you are currently with a company that uses some elements of a balanced scorecard, post this information to the forum for this assignment. Discuss the advantages and disadvantages of the presented information..
On August 1, 2007, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each February 1 and August 1.
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