What violet will eventually receiev a cash of

Assignment Help Financial Accounting
Reference no: EM132929848

Partners orange and violet each have a 200,000 capital balance and share profits and losses in a 3:2 rati, respectively. cash equals 100,000, non-cash assets equal 600,000 and liabilities equal 300,000.

Question 1: If the non-cash assets are sold for 250,000 and both partners agreed to make up for any capital deficits with personal cash contributions. violet will eventually receiev a cash of?

Reference no: EM132929848

Questions Cloud

What is the depreciation included in cost of goods sold : In the first year, 1070000 tonnes of coal are extracted and sold. What is the depreciation included in cost of goods sold for the first year?
Compute the number of units that would have to be sold : Compute the number of units that would have to be sold in 2017 to reach the stockholders' desired profit level. Pina Colada Company had $151,400 of net income
Contrast how material requirements planning : Contrast how material requirements planning usage would be different for this organization and one of the opposite types of organizations,
Implications of boost international strategy : What are the HR-related implications of Boost's international strategy? (Maximum: 100-150 words).
What violet will eventually receiev a cash of : What violet will eventually receiev a cash of? If the non-cash assets are sold for 250,000 and both partners agreed to make up for any capital deficits.
What is the balance and amount of interest earned : What is the balance and amount of interest earned if $400 is invested at the end of each month into an account earning 8%, compounded monthly, for 4 years
Mobile technologies or the internet of things : Conduct research and write a paper on either mobile technologies or the Internet of Things (IoT).
Increasing the efficiency and competencies of organization : Suggest the suitable types of intervention for increasing the efficiency and competencies of organization.
What amount of loss on realization be allocated to white : After non-cash assets are sold and all liabilities are paid, there is a cash balance of 130,000. What amount of loss on realization should be allocated to white

Reviews

Write a Review

Financial Accounting Questions & Answers

  Why is the cost of retained earnings equal to the firms

In computing the cost of capital, are the historical costs of existing debt and equity or the current costs as determined in the market used? Why?

  Describe smart balances approach to cost structure

Describe Smart Balance's approach to employment and cost structure. What function does it keep "in-house"? Based on the discussion in this chapter, what are the advantages to Smart Balance's approach?

  Is b-flat a personal holding industry

B-Flat Music Supplies Ltd. earned dividends of $30,000, interest of $12,000, adjusted rent of $50,000, and gross income from its primary business of $63,000 in one taxable year. Is B-Flat a personal holding company?

  What ending inventory under fifo for nash llc

Nash's,LLC, A physical count of merchandise inventory on November 30 reveals that there are 74 units on hand. What Ending inventory under FIFO is

  What would be depreciation expense per year for new building

What would be the depreciation expense per year for the new building? Solutions must be in good accounting form. (274,000 is the answer)

  What is the inventory turnover rate

Dixons Inc., has sales of $510,400, total equity of $250,000, a profit margin of 8 percent and a debt-equity ratio of .60. What is the return on assets?

  Determine the depreciation expense for year x would be

If the Production company were to use the declining balance method for its equipment, the depreciation expense for year X5 would be

  Anticipates he will need approximately

Sam Long anticipates he will need approximately $225,400 in 13 years to cover his 3-year-old daughter’s college bills for a 4-year degree. How much would he have to invest today at an interest rate of 6 percent compounded semiannually?

  How to determine the issue price of the debenture

Formula for present value of annuity of $1 per period for n periods = 1-1/(1-k)n divided by k ,Provide the journal entries at 1 July 2018 and 30 June 2019.

  Find how many units must the company sell to attain

Find how many units must the company sell to attain its target income? Given the cost and pricing structure for the company's product

  Entity declared cash dividend on its common stock

An entity declared a cash dividend on its common stock on Dec. 15, Year 1, payable on Jan. 12, Year 2. How would this dividend affect equity on the following dates?

  Explain capital budgeting items

Describe and explain capital budgeting items that may or may not be taxed as part of a capital budget project. The Effect of Income Taxes on Capital Budgeting

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd