User Account

All Pages

What amount of income would be credited to singer account

Assignment Help Accounting Basics
Reference no: EM132109502

Question - Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $58,800, Davis contributing $49,000 and Singer contributing $39,200. Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments. If the partnership had income of $72,000 for its first year of operation, what amount of income (rounded to the nearest thousand) would be credited to Singer's capital account?

Reference no: EM132109502

Questions Cloud

How perl efficiently includes regular expression processing : A discussion about what regular expressions are and how Perl efficiently includes regular expression processing in the language. Be sure to state examples.
What was her capital balance at the beginning of the year : Olivia Greer is a partner in Made for You. Her capital account ended the year at $167,000. What was her capital balance at the beginning of the year
Post a brief description of the developmental milestone : Post a brief description of the developmental milestone you selected. Then, explain the impact of missing and meeting the milestone as it relates to cognitive.
What amount of the partnership loss : The partnership agreement for Wilson, Pickett & Nelson, What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson
What amount of income would be credited to singer account : Wheadon, Davis, and Singer formed a partnership with Wheadon contributing $58,800, what amount of income would be credited to Singer's capital account
Analyze how health research can address this issue : How might students and healthcare professionals use healthcare research in response to the increase in chronic diseases?
How the given influences might impact each other : Select one genetic influence and one environmental influence on fetal development and think about how these influences might impact each other.
Research a healthcare law regulating the industry : Identify the stakeholders affected by the regulation and analyze the role the stakeholders play in the healthcare industry.
Branding currently used to branding for overall organization : Relate the branding currently used to the branding for the overall organization.

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