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Question - CLARA and DON form a partnership by investing $120,000 and $130,000 respectively. Their partnership agreement stipulates that CLARA will receive an annual salary allowance of $12,000, and both partners will receive an interest allowance of 5% on their capital investment. Any profit remaining is to be allocated 45% to CLARA, and 55% to DON. Profit for their first year of operations is $80,000. Prepare the entry to close Income Summary.
suppose you are a manager in a manufacturing company. your accountant has just presented you with a very detailed cost
Discuss the problem in sufficient detail
generate net cash inflows of $20,000 per year in each of the 8 years. Apneas cost of capital is 15%. Calculate the net present value (NPV) of this investment
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laura corporation is considering the purchase of new equipment with a cost of 41000. the expected cash inflow from the
L'Oréal reports the following income statement accounts for the year ended December 31, 2009 (euros in millions).
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A worker takes 13 hours to complete work on daily wages and 8 hours on a scheme of payment by results. How much is the wage of Ms Apple
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