User Account

All Pages

What amount of available cash be distributed to emman

Assignment Help Accounting Basics
Reference no: EM132823003

The following condensed balance sheet is presented for the partnership of Joseph and Emman, who share profits and losses in the ratio of 60:40, respectively:

Other Assets P500,000

Emman, loan 20,000

Total P520,000

Accounts Payable P120,000

Joseph, Capital 220,000

Emman, Capital 180,000

Total P520,000

The partners decided to liquidate the partnership. If the assets are sold for P345,000,

REQUIRED:

Problem 1: What amount of the available cash should be distributed to Emman? Show your solution.

Reference no: EM132823003

Questions Cloud

Develop a list of potential technology partners : Develop a list of potential technology partners 3 only in this space for a cohesive package that can be delivered to cities - Determine their partner program
Discussion on hospital privileging and credentialing : If a hospital learns that another facility has sanctioned one of its privileged physicians, how should the hospital react to such a situation?
Find the process which is a component of coso : The process which is a component of COSO that identifies and analyzes risks that may prevent the organization from achieving its objectives is
What is your best guess as to the rate of return : If the market return this year turns out to be 6 percentage points below expectations, what is your best guess as to the rate of return on the stock
What amount of available cash be distributed to emman : What amount of the available cash should be distributed to Emman? Show your solution. Who share profits and losses in the ratio of 60:40, respectively
Evidence based practices to guide clinical practices : Discuss the credibility of the sources and the research/researchers findings. Explain the interrelationship between the theory, research, and EBP.
Discipline cases in nonunion companies : To what extent is employment-at-will an issue in discipline cases in nonunion companies?
Who among the partners will get the first distribution : Under a safe cash distribution plan, who among the partners will get the first distribution? Justify your answer by showing your solution.
Calculate the return on equity ROE for both scenarios : AgroChem expects a profitability of 10% measured by the return on investment (ROI). Calculate the return on equity ROE for both scenarios

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