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Question - X and Y invest $100,000 and $50,000 respectively in a partnership and agree to a division of net income that provides for an allowance of interest at 10% on original investments, salary allowances of $24,000 and $12,000 respectively, with the remainder divided at a 2:1 ratio. Show all computations. What would be X's & Y's share of the following net income: $60,000 and $50,000.
How efficient is a company in using its assets to produce sales? How near to sale is the inventory on hand
Balance sheet's Debt/Equity ratio is below 0.5. If so, it will allow Argo to buy the gates. Is Argo's ratio low enough that it can borrow to buy the gates?
Develop redundancy and redeployment policy and procedures. Develop King Edward VII redundancy and redeployment policy and procedures
Calculate the amount of revenue and gross profit to be recognized in each of the three years assuming the following costs incurred
find the actual and constant dollar amount, If the market interest rate is 12% compounded annually
The standard deviation of all possible sample proportions increases as the sample size increases.
cosmo corporation is projecting a cash balance of 32785 in its december 31 2013 balance sheet. cosmo schedule of
Calculate the following - Total amount of direct materials cost in the finished goods inventory at Dec. 31, after all variances have been prorated
Indicate whether each event is an asset source, use, or exchange transaction.
Prepare a schedule reflecting a ratio analysis of each company. Compute all ratios from the module for which you have enough data
A cash dividend of $500 was declared and paid to stockholders simultaneously. The correct journal entry to record the declaration
What was the actual cost of the materials for the period?Calculate your answer to the nearest whole £ and enter it in the blank space provided.
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