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Partners John and George who have been dividing profits and losses in the ratio of 3:2, respectively, decided to liquidate their partnership. Capital balances before liquidation were: John - P 40,000; and George - P 30,000. After paying in full liabilities of P30,000, they have P 49,000 cash to divide.
Problem 1: Loss on realization was?
What problems are Managerial Economics and Traditional Economics concerned with? What two fields are applied to managerial economics?
Flax Corp. uses the direct method to prepare its statement of cash flows. Flax allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses. What amounts should Flax report in its statem..
What are the differences between delivery as FOB shipping point and FOB destination? From a business perspective, which freight option do you think a seller
Statement in which each item on the most recent statement is compared with the same item on an earlier statement are: Horizontal statement percentage statement common size statement vertical statement
A promissory note with a face value of P500,000 has 45 days until maturity. If the relevant yield is 7% then what is the current price of this promissory note?
What is the net income under the worst-case scenario? Windows and More is reviewing a project with sales of 6,200 units, ±2 percent.
How are implicit taxes related to deprecation? To lease or not to lease is in the right clientele? Should a low tax firm have long term debt?
Joe Fellows is attempting to categorize several items from his company's financial statements, What is the amount of net working capital?
OTW Corporation has current assets totaling P15 million and a current ratio of 2.5 to 1. What is OTW's current ratio immediately after it has paid P2million
Determine the amount of net account receivable that should be reported on the income statement, At December 31, 2018 the allowance for doubtful account
Overhead is 80% fixed. An outside supplier has offered to supply the 54,000 units of RX5 for $19.00 per unit. Determine the total incremental cost
A responsibility center in which a manager is responsible only for sales is a(n):
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