What is the annual weighted average capital balance

Assignment Help Accounting Basics
Reference no: EM132742590

Question - Partner Ae first contributed P50,000 of capital into existing partnership on March 1, 2019.On June 1, 2019, said partner contributed another P20,000. On September 1, 2019, he withdrew P15,000 from the partnership. Withdrawal in excess of P10,000 are charged to partner's capital accounts. What is the annual weighted average capital balance of Partner Ae?

Reference no: EM132742590

Questions Cloud

Prepare statement of retained earnings in proper form : Prepare statement of retained earnings in proper form for White Corporation for the year ended December, from the following- Net income for the year 3,000
Clinical significance and statistical significance : What is the difference between clinical significance and statistical significance? How might these concepts be applied to program evaluation?
What are the characteristics of corporations : What are the characteristics of corporations? On your own words, describe the methods that companies can implement to depreciate plant assets
Confidentiality in treatment group for individuals : You might prefer to use to ensure confidentiality in a treatment group for individuals living with HIV/AIDS.
What is the annual weighted average capital balance : Withdrawal in excess of P10,000 are charged to partner's capital accounts. What is the annual weighted average capital balance of Partner Ae
Important to understand group typology : As a clinical social worker it is important to understand group typology in order to choose the appropriate group method for a specific population or problem.
How much should be reported as cash on December : Treasury Bills maturing on December 31, 2021, acquired on December 31, 2020 2,000. How much should be reported as cash on December
Different approaches for managing data : Describe the plan to select the appropriate hardware and software and the different approaches for managing data.
What is the sales volume in units required to earn a profit : Angel Company Income Statement For the Month Ended July 31, 2020 Sales ($60 X 10,000) $600,000, What is the sales volume in units required to earn a profit

Reviews

Write a Review

Accounting Basics Questions & Answers

  After seeing these figures roamings president remarked that

roaming bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles which are

  Prepare an accrual-based income statement for racey

Racey had accounts receivable of $19,100 and accounts payable of $17,780. Prepare an accrual-based income statement for Racey

  1 amos and son manufacturing company of asheville tennessee

1. amos and son manufacturing company of asheville tennessee produces about 1000 units of hand-crafted wooden chairs

  Effective interest amortization

Prepare Garfield's journal entries for (a) the purchase of the investment and (b) the receipt of annual interest and discount amortization. Assume effective interest amortization is used.

  What are lily taxable income and tax liability for year

What are Lily's taxable income and tax liability for the year?

  How many units were started by the company

In a Company, one department had beginning work in process of 5,000 units, How many units were started by the company during the month

  Make per year at a discount rate

Find the payment you would need to make per year at a discount rate (interest rate that the bank charges you) from 0% to 50% (51 answers), if you borrow $5,000,000 ($5 million) today (PV) and pay it back in equal amounts over the next 30 years..

  What is the budgeted production for the year

The estimated January 1 inventory is 19,900 units, and the desired December 31 inventory is 18,800 units. What is the budgeted production (in units) for year

  Discuss the changes in reporting requirement rsi now require

Describe this requirement and discuss the changes in reporting requirements RSI now requires of state and local governments.

  Amount of accumulated depreciation

Calculate the amount of accumulated depreciation to be debited or credited in the preparation of the 2009 consolidated balance sheet.

  Quayle company has been sued by customer who claims injury

quayle company has been sued by a customer who claims injury from use of quayles product. the companys lawyers and a

  How much is carrying value of the bonds payable

The company sold the bonds to yield 10%. How much is carrying value of the bonds payable as of December 31, 2017

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd