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Shelby and Mortonson formed a partnership with capital contributions of $300,000 and $400,000, respectively. Their partnership agreement calls for Shelby to receive a $60,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year is $135,000, then Shelby and Mortonson's respective shares are?
Inspection hours for the 10,000 tables varnished in September totaled 2,500 hours by 16 employees. Eight quarts of varnish were used, on average, for each table. The standard amount of varnish per table is nine quarts. The cost of inspection for S..
there is a retail store selling dvds. this business is relatively simple with approximately the same contribution
Calculate total-debt-to-total-assets for the year ended September 28, 2003. Compare it with the value for the year ended September 29, 2002.
indicate how each of the following six different transactions that dynamic mattress might make would affect i cash and
per-share earnings and dividends. suppose the firm in problem 3 had 40000 shares of common stock outstanding. what is
Calculate the cash dividends required to be paid for each of the following preferred stock issues: The semiannual dividend on 6% cumulative preferred, $50 par value, 30,000 shares authorized, issued, and outstanding.
information on westcottcompanys direct labor costs for a recent month followsstandard direct labor
Write a 1750- to 2,050-word paper in APA format with citations and references that provides a financial comparison of the two companies and your recommendations to improve the financial status of each.
A department has no beginning work in process, has started 80,000 units and completed 50,000 units. Its ending work in process is 30,000 units, 60% complete as to conversion costs and fully complete as to materials.
property plant and equipment is often a significant portion of a companys assets. describe the inherent risk factors
Calculate the distribution of partnership net income (loss) for each independent situation below (for each situation, assume the average capital balance of P is $140,000 and of Q is $240,000).
Use probability-proportional-to-size method
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