User Account

All Pages

What amount will pepper have to invest

Assignment Help Accounting Basics
Reference no: EM132753332

Question: In the Mac Chiz partnership, Mac's capital is P140,000 and Chiz' is P40,000 and they share income in a 3:1 ratio, respectively. They decide to admit Pepper to the partnership. What amount will Pepper have to invest to give him one-fifth percent interest in the capital of the partnership if no goodwill or bonus is recorded?

Reference no: EM132753332

Questions Cloud

What is the risk neutral probability distribution for stock : What is the risk neutral probability distribution for the stock in the Black-Scholes model, including the parameters? What is the value of this option?
What were the equivalent units for conversion costs : Basil Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 2,000 units in its beginning.
Differences between cash and wealth : Analyze the similarities and the differences between cash and wealth, looking at, for example, investment in real estate and investment in research.
Find out the number of new shares : Find out the number of new shares that the company issues to meet its investment needs of shs.1,500,000, assuming the net income of shs.750000
What amount will pepper have to invest : In the Mac Chiz partnership, Mac's capital is P140,000 and Chiz' is P40,000 and they share income in a 3:1 ratio, respectively. They decide to admit Pepper to.
Corresponding drop in profits : Why can a direct link not be drawn between an increase in production costs and the corresponding drop in profits?
How much is the total amount of related party transactions : In 2019, entity A sold goods to its subsidiaries (entities B and C) for P500,000 and P400,000, respectively. In 2019, entity A sold goods to its associates.
What was the cost of the units transferred : A total of 8,700 bats were completed and transferred to the Finishing Department during May. What was the cost of the units transferred
Month loan with very short-term interest rates : What are your views on a 3 month loan with very short-term interest rates.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Complete the following chart under the independent situation

Ramon received a gift of stock from his uncle. Complete the following chart under the independent situations shown

  Compute the standard cost of the ingredients for one gallon

Pane Corp. manufactures and sells a nutrition drink for children. Compute the standard cost of the ingredients for one gallon of the nutrition drink

  Is an auditor responsible for detecting fraud

Is an auditor responsible for detecting fraud, or just making sure that the financial statements don't have material misstatements and conform to GAAP?

  At what level of output would management be indifferent

At what level of output (unit sales per year) would management be indifferent to (1) buying the component from outside suppliers at $10.30 per unit

  Find what dollar amount should be credited to allowance

Allowance for Uncollectible Accounts had a credit balance of 4,500. Find what dollar amount should be credited to Allowance for Uncollectible Accounts at end

  Prepare in general journal to record the issuance of bonds

Interest is payable on December 1 and June 1. Bond issue costs of $30,000 were incurred. Prepare in general journal format the entry to record the issuance

  Compare the bank statement with the cash receipts journal

Compare the Bank Statement with the Cash Receipts Journal and Cash Payments Journal. Make supplementary entries in both journals. Close off/cast the bank columns in the journals

  What journal entry should be recorded by Egrane

The EFT from a customer in payment of the customer's account of $1,200. What journal entry should be recorded by Egrane for the NSF check returned

  During may a machine malfunctioned and dumped salt into

corn meal in a continuous mass production process. corn is added at the beginning of the process. normal losses are

  What way is a code of ethics beneficial to an organization

In what way is a code of ethics beneficial to an organization? Are manual systems and processes completely outdated

  At the end of the current fiscal year an analysis of the

at the end of the current fiscal year an analysis of the payroll records of bev company showed accrued salaries of

  What is the value of staff and customer feedback

What's the value of staff and customer feedback? Identify five ways staff and customer feedback can help enhance customer service delivery

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