Reference no: EM132713288
Problem 1: R and F are partners agreeing to allow monthly salaries of P6,000 and P5,000, respectively; 6% interest on the capital investment at the beginning of the year of P300,000 and P230,000, respectively; and the balance equally. The first year registered a profit of P100,000. The partners' share should be
a. R, P58,100; F, P41,900
b. R, P56,600; F, P43,400
c. R, P54,500; F, P45,500
d. R, P50,000; F, P50,000
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How much should be allocated to A
: 1/3 of any remaining profit is allocated to A and the balance to D. If the partnership had profit of P102,500, how much should be allocated to A?
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Find What amount should H capital account change
: The partnership sustained a P33,000 loss before the interest and salaries to partners. By what amount should H's capital account change?
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How much should be allocated to E
: If the profit is P102,500, how much should be allocated to E? E and C have the following profit and loss agreement: salaries of P30,000 and P45,000
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How much profit share will G receive
: S and G share profits in the ratio 3:2. Assuming S bonus is computed on profit after deducting the said bonus, how much profit share will G receive?
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What the partners share should be
: R and F are partners agreeing to allow monthly salaries of P6,000 and P5,000.The first year registered a profit of P100,000. What the partners' share should be?
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What amount of interest that should eventually be credited
: The partnership agreement of S and G provided, What the amount of interest that should eventually be credited to G capital is?
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What amount should U capital account change
: In 2019, the firm sustained a P99,000 loss before interest and salaries to partners. By what amount should U's capital account change?
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Cost and Quality Management Plans
: How do you define quality in a project? Describe tools/techniques you think are a necessity for planning a project's quality management
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What is share in the partnership profit
: In the same year, Q made drawings of P5,000 per month. The post-closing capital balance of Q is P72,000. What is his share in the partnership profit?
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