User Account

All Pages

Record the admission of jaymee under each case

Assignment Help Accounting Basics
Reference no: EM133143158

Question - Hera and Joy are partners sharing profits and losses in the ratio of 3:2, respectively. Their capital investments are: Hermie - Php100,000; Imee - Php50,000. They agree to admit Jaymee into the partnership.

Required - Record the admission of Jaymee under each of the following independent cases:

a. Jaymee purchases ¼ of Hermie's interest for Php24,000.

b. Imee sells ½ of her interest to Jaymee for Php24,000.

c. Jaymee purchases ½ interest of both partners for Php75,000.

d. Jaymee purchases ½ interest of both partners for Php80,000.

e. Jaymee purchases ½ interest of both partners for Php70,000.

Reference no: EM133143158

Questions Cloud

How much should he pay today for the investment : An investor is considering an investment that will pay $2,160 at the end of each year for the next 10 years. How much should he pay today for the investment
Aspects of nursing make turnover for nurses : County General Hospital is a 200-bed facility located approximately 150 miles outside Chicago. It is a regional hospital that draws patients from surrounding fa
Cultural understandings of word caused miscommunication : Give an example of a time a difference in cultural understandings of a word caused miscommunication between you and someone else.
Sapir-whorf hypothesis of linguistic relativity : Explain in detail the Sapir-Whorf Hypothesis of Linguistic Relativity that discusses the relationship among thought, culture and language.
Record the admission of jaymee under each case : Record the admission of Jaymee under each of the following independent cases: Jaymee purchases ¼ of Hermie's interest for Php24,000
Nature vs. nurture and continuity vs. discontinuity : Nature vs. Nurture and Continuity vs. Discontinuity: The implications of Biological and Environmental Influences on Child Development and Learning
Special education staff to encourage support : What do you do to promote collaboration between the special education staff to encourage support among all staff members?
Discuss the various investment appraisals with examples : Discuss the various investment appraisals with examples. Looking at independent and mutually exclusive projects. Provide examples and references
Describe the role of an essential functions analysis : Describe the role of an Essential Functions Analysis in the Workforce Staffing Planning Process/Talent Management process and how that data ultimately impacts a

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