User Account

All Pages

What is the effect on liza capital

Assignment Help Financial Accounting
Reference no: EM132773201

Problem 1: Partners Enrique and Liza receive a salary allowance of P30,000 and P70,000, respectively and share the remainder equally. If the company earned P40,000 during the period, what is the effect on Liza's capital?

a 30000 increase
b 40000 increase
c 50000increase
d 90000 increase

Reference no: EM132773201

Questions Cloud

What amount should uno capital change : In 2020, the firm sustained a P99,000 loss before interest and salaries to partners. By what amount should Uno's capital change?
What is your ideology and partisan affiliation : What results did you receive from each quiz you did and What is your ideology and partisan affiliation as described by each
How much should be allocated to espiritu : P20,000 and P35,000 for Espiritu and Cheng, respectively; and any balance equally. If the profit if P102,500, how much should be allocated to espiritu?
How much of the year profit should parducho receive : How much of the year's P800,000 profit should Parducho receive if profits and losses are distributed based on the ratio of their average capital balances
What is the effect on liza capital : Partners Enrique and Liza receive a salary allowance of P30,000, If the company earned P40,000 during the period, what is the effect on Liza's capital?
What is your ideology and partisan affiliation as described : What results did you receive from each quiz you did and What is your ideology and partisan affiliation as described by each
What amount of interest should be credited to sala capital : What amount of interest should be credited to Sala's capital account for 2020?The partnership agreement of Niza and Sala provides the interest at 10%
How will new technologies impact training in the future : How will new technologies impact training in the future? What skills will trainers need to be successful in the future? What are the implications of virtual.
Find how much to be paid if customer pays before due date : Trade discounts of 10% at list price and another cash discount of 5%. How much is to be paid if a customer pays before due date at a list price of P16,000?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much revenue each month does the machine need

How much revenue each month does the machine need to produce for you to earn $450 after taxes each month? After making your computations does this seem like a good business venture for you?

  Volume changes for contribution margin

volume changes for contribution margin and net income this year Bertrand Company sold

  What is total cost for one year of holding minimum cost

At a cost of only the $6.95 deposit charge, what is the total cost for one year of holding the minimum cost cash balance according to the Baumol model?

  What are principal differences between financial statements

What are the principal differences between the financial statements of the governmental unit's general fund and the financial statements of a business

  Solve the IRR for the project

Calculate the IRR for this project. If the present value of future cash flows at discount rate 12% for project (A) is $20,557 this project has regular

  Construct and use a cash budget

Nathan Farmer, chief financial officer of Wang Appliance Store, is responsible for the company’s budgeting process. Farmer’s staff is preparing the Wang cash budget for 2014. A key input to the budgeting process is last year’s statement of cash flows..

  Record the adjusting journal entry to accrue service revue

Ocean View Associates accrued $5000 of Service Revenue at December 31. Ocean View Associates received $17,500 on January 15 including the accured revenue record

  Calculate the cost per equivalent unit for conversion

In the cutting department of Chess Company, conversion costs are added uniformly throughout the process. With the information given below, calculate the cost per equivalent unit for conversion using the average cost procedure.

  What amount reported on the balance sheet for inventory

Moore Company purchased an item, Using the lower of cost or net realizable value rule, what amount should be reported on the balance sheet for inventory?

  Assuming that the appropriate discount rate

Rachael expects to receive a payment of $5,000 at the end of each year for the next 15 years. What is the present value of these 15 payments, assuming that the appropriate discount rate is 10% compounded annually?

  What tax rates are applicable to these capital gains

In the current year, Jeanette, an individual in the 25% marginal tax bracket, recognized a $20,000 long-term capital gain. - What tax rates are applicable to these capital gains?

  Statements about journal entries to record variances

Which of the following statements about journal entries to record variances is true?

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