User Account

All Pages

What the total bonus to the remaining partners the cash paid

Assignment Help Financial Accounting
Reference no: EM132752780

                   Partner Capital Balance           Income Ratio

Trayer              $57,000                                50%

Emig                $39,500                                30%
Posada             $27,000                                   20%

Problem 1: If Emig capital balance after Posada's withdrawal is $42,800 what (1) the total bonus to the remaining partners (2) the cash paid by the partnership to Posada?

(1) Total Bonus

(2) Cash paid to Posada

 

Reference no: EM132752780

Questions Cloud

Role technology plays in leadership of organization : Discuss the role technology plays in leadership of the organization.
Prepare the bank reconciliation as at November : Cash balance per general ledger, November 30 is $13,003. Prepare the bank reconciliation as at November 30
What owners equity on the consolidated statements : On December 31. 2016, Hiroko, Inc., What owners' equity on the consolidated statements of the two companies right after take over will be
Discuss the alternative investment criteria : Discuss the alternative investment criteria that can be used for evaluating capital budgeting projects. Highlight the benefits and limitations of each.
What the total bonus to the remaining partners the cash paid : If Emig capital balance after Posada's withdrawal is $42,800 what the total bonus to the remaining partners the cash paid by the partnership to Posada?
Prepare the journal entries that Steve Skateboards must make : The items Sold had a cost of $4,250. Prepare the journal entries that Steve's Skateboards must make to record these transactions
Leader can adopt for improving communication : Discuss a tool or strategy a leader can adopt for improving communication within the organization.
Calculate the before-tax cost of debt : Calculate the before-tax cost of debt. Tomtom Co. issued a 30-year bond, with a coupon of 4.3%, making semiannual payments and a par value of $1,000.
Discuss management strategy : Discuss a management strategy used to retain or increase cash. How are the applications of these strategies similar or different for businesses and individuals?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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