User Account

All Pages

What is the balance of browning capital account

Assignment Help Accounting Basics
Reference no: EM133116425

Question - The net income of the David and Browning partnership is $452000. The partnership agreement specifies that David and Browning have a salary allowance of $122000 and $174000, respectively. The partnership agreement also specifies an interest allowance of 8% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $290000. Any remaining net income or net loss is shared equally.

Required - What is the balance of Browning's Capital account at the end of the year after net income has been divided?

Reference no: EM133116425

Questions Cloud

Find the amount of principal re-paid : You take out a 30-year, 200,000 mortgage loan with a nominal interest rate of 9%. You are scheduled to pay off the mortgage with level annual end-of-month amort
How can the quality of the data be maintained : Could the combination of data collection techniques yield more sources of information? How could data quality be improved? Justify your rationale
What is the annual cash return : Problem Solving Instruction. Compute what is being ask for. Show your solution. 5 points in every correct answer. Items 1 to 3. Mr. Tito Puno is thinking of buy
Alternative courses of action : What alternative courses of action would you recommend to Sm?ta Kumar to resolve her company's current problem?
What is the balance of browning capital account : What is the balance of Browning's Capital account at the end of the year after net income has been divided
Passive portfolio management approach : Critically analyse the theoretical and empirical justifications for a passive portfolio management approach.
Refined measures of performance : Refined measures of performance are commonly used to evaluate portfolio performance.
Explain the strategy of diversification : Explain the Strategy of Diversification. Your answer should include what a Diversification strategy is; which kind of risk can be diversified away and which one
By how much would each company profits increase : Suppose that both companies experience a 10 percent increase in sales volume. By how much would each company's profits increase

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