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kogti [31]
1 year ago
9

a local partnership was in the process of liquidating and reported the following capital account balances: justice, capital (40%

share of all profits and losses) $ 23,000 zobart, capital (35%) 22,000 douglass, capital (25%) (14,000 ) douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. however, the two remaining partners asked to receive the $31,000 that was then in the cash account. how much of this money should zobart receive?
Business
1 answer:
bogdanovich [222]1 year ago
8 0

Based on the capital account balances and the amount in the cash account, the amount that Zobart will receive is $15,467.

<h3>What will Zobart receive?</h3>

The amount that Zobart will receive can be found by the formula:

= (Deficit x percentage in partnership/ 75%) + Capital account balance

Solving for the amount going to Zobart gives:

= (14,000 x 35%/75%) + 22,000

= $15,467

In conclusion, the amount to Zobart is $15,467.

Find out more on capital distributions at brainly.com/question/22693552

#SPJ1

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Answer:

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Explanation:

The modified accelerated cost recovery method employees a classification-based approach to depreciating certain assets, once classified are assigned respective rates of depreciation. for example, assets classified under automobiles, trucks and machinery are treated under 5-year MACRS and will be depreciated at 20%, 32%, 19.2% and so on.

In this question the bridge across Rio Grande being built by Del Norte Brick co is treated under 3-year MACRS, for which the rates are as follows:

33.33% for the first year

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We have been asked to determine 3rd years' depreciation and book value, determined as follows:

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So the depreciation for year 3 = $115518

The book value is calculated as follows:

<em>Book value = cost - accumulated depreciation</em>

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6 0
3 years ago
Nike inadvertently offended Chinese officials when it ran an ad featuring LeBron James crushing a number of revered Chinese figu
topjm [15]

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People make decisions on the consumption of a product usually on their cultural influences. The Nike advertisement involving Chinese was an example of cultural influences in marketing strategy.

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Answer:

The answer is 54percent

Explanation:

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This calculation shows how sensitive quantity demanded is to a change in price.

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Hope this helped :)

Explanation:

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