Rice hepburn and dimacro formed a partnership with rice

Assignment Help Accounting Basics

Reference no: EM13595611

Rice, Hepburn, and DiMacro formed a partnership with Rice contributing $60,000, Hepburn contributing $50,000 and DiMacro contributing $40,000. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $75,000 for its first year of operation, what amount of income would be credited to DiMarco's captial account?

Reference no: EM13595611

Questions Cloud

Shelby and mortonson formed a partnership with capital : shelby and mortonson formed a partnership with capital contributions of 300000 and 400000 respectively. their

Nickel has a face-centered unit cell with all atoms at : nickel has a face-centered unit cell with all atoms at lattice points and an edge length of 352.4 pm. the density of

1000 ml solution that was made by adding 1026 grams of : 100.0 ml solution that was made by adding 10.26 grams of sucrose c12h22o11 to 95.0 ml of pure water density of pure

An investor in the 35 tax bracket may purchase a corporate : an investor in the 35 tax bracket may purchase a corporate bond that is rated double a and is traded on the nyse the

Rice hepburn and dimacro formed a partnership with rice : rice hepburn and dimacro formed a partnership with rice contributing 60000 hepburn contributing 50000 and dimacro

If the rate constant for this reaction was determined to be : if the rate constant for this reaction was determined to be 5.0 x 10-3 m-1s-1 at 220c and 7.5 x 10-3 m-1s-1 at 350c

Bond b requires the investor to forgo 4 a year ie 40 if the : two bonds have the following terms bond a bond b principal 1000 principal 1000 coupon 8 coupon 7.6 maturity 10 years

1000 ml solution that was made by adding 1026 grams of : 100.0 ml solution that was made by adding 10.26 grams of sucrose c12h22o11 to 95.0 ml of pure water density of pure

Calculate the entropy of a sample of a solid in which the : calculate the entropy of a sample of a solid in which the molecules may be found in any one of four orientations with

Reviews

Write a Review

Required(*) Message

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

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

User Account

All Pages