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Question - Assume Bert and Ernie have capital balances of $20,000 and $80,000, respectively. Bert is actively involved in running the business so he will receive a salary allowance of $50,000. Ernie, on the other hand, is the financial backing for the business. Therefore, Ernie will receive an interest allowance of 12 percent on his beginning capital balance. The remainder will be allocated in the ratio of the partners' beginning capital balances. If the partnership expects a profit of $150,000, what are the anticipated ending capital balances for the partners?
in performing financial ratio analysis, what the do the results mean? do the answers provide conclusions on their own, or do we have to pt them in perspective by comparing them to prior periods, other companies or competitiors or industry standard..
Critically explain the type of audit opinion that should be issued in each of the above situations
What are the balance sheet resources they would require in order to operate their business
Describe and discuss 3 different ways cost-volume-profit analysis could be useful to management
on january 1 2013 bishop company issued 10 bonds dated january 1 2013 with a face amount of 520 million. the bonds
If the investor holds the bond until it matures and collects the $1,000 par value from the Treasury and his marginal tax rate is 28 percent, what will his after-tax yield to maturity be?
Katsen Company can sell its products to an external market for $201 per unit. What would be the opportunity cost of selling internally?
Qualcomm Incorporated is a leading developer and manufacturer of digital wireless telecommunications products and services.
For each ratio you have chosen, compare and contrast the results between these two firms. Most importantly, comment on how the differences in the basis.
The company is implementing an activity-based costing system that has four activity cost. Complete the first stage allocations of costs to activity cost pools.
Calculate equity in net income, reported on the parent's books
Detailed audit procedure:Select a sample of sale from the sale journal
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