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Aloiza [94]
3 years ago
7

Exercise 12-15 a-b Foss, Albertson, and Espinosa are partners who share profits and losses 50%, 30%, and 20%, respectively. Thei

r capital balances are $117,000, $55,000, and $32,000, respectively. Assume Garrett joins the partnership by investing $81,600 for a 25% interest with bonuses to the existing partners. Prepare the journal entry to record his investment. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Business
1 answer:
omeli [17]3 years ago
5 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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5-year Treasury bonds yield 6.1%. The inflation premium (IP) is 1.9%, and the maturity risk premium (MRP) on 5-year T-bonds is 0
Dahasolnce [82]

3.20 is the real risk-free rate

<h3>What is risk-free rate?</h3>

The risk-free rate of return, commonly abbreviated as the risk-free rate, is the rate of return on a hypothetical investment with scheduled payments over a set period of time that is assumed to meet all payment obligations.

Subtract the inflation rate from the yield on the Treasury bond that corresponds to the duration of your investment to calculate the real risk-free rate.

The risk-free rate determines the return an investor can expect from an investment over a specified time period. A risk-free rate is calculated by deducting the current inflation rate from the total yield of the treasury bond that corresponds to the investment duration.

To know more about risk-free rate follow the link:

brainly.com/question/19568670

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5 0
2 years ago
Outpuit AFC AVC ATC MC 1 $300 $100 $400 $100 2 150 75 225 50 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43
Simora [160]

Answer:

The answer is $119

Explanation:

Solution:

The firm is working in a competitive market that is seen as perfect.

Thus,

The profit the condition for maximizing profit is given below:

P = MR =MC

Now,

The market price of the product is =$290

So,

P = $290

From the given table, we noticed that the profit maximizing output level is 9 units when P = MC

The profit (π) = total revenue - cost total

= ( P * Q) - ( ATC * Q)

= 290 * 9 - 171 * 9

= 2610 - 1539

= 1071

Therefore, the per-unit economic profit at the profit-maximizing output is

=$1071/9

=$119

7 0
3 years ago
Quinton wants you to calculate his biweekly paycheck. How much would he earn each pay period if he has an annual salary of $55,5
koban [17]
$2,134.62.

There are approximately 52 weeks in a given year, meaning that there are 52/2, or 26, biweekly pay periods. Therefore, we divide the annual salary of $55,500 by 26 biweekly pay periods to get $2,134.62 for the biweekly paycheck. 

The formula is the annual amount divided by the number of periods. Here, there are 26 periods of biweekly (once every two weeks) paychecks. 
6 0
3 years ago
Wright Company recently petitioned for bankruptcy and is now in the process of preparing a statement of affairs. The carrying va
Nady [450]

Answer:

the total amount owed to general unsecured creditors is $71,000

Explanation:

The computation of the total amount owed to general unsecured creditors is shown below:

= Account payable + wages payable + taxes payable + interest on note payable + interest on bond payable

= $40,000 + $6,000 + $12,000 + $5,000 + $8,000

= $71,000

hence, the total amount owed to general unsecured creditors is $71,000

The same is to be considered

3 0
3 years ago
A company had total sales of $980,000, net sales of $955,800 and an average accounts receivable of $82,500. Its accounts receiva
Alenkinab [10]

Answer:

Accounts receivable turnover = 11.58

Explanation:

The total sales of the company = $980000

Net sales of the company = $955800

Average account receivable =  $82500

We have total sales, net sales, and average accounts receivable. Here, we are required to find the account turnover.

Use the below formula to find the account turnover:

Accounts receivable turnover = Net sales  / average accounts receivable

Now insert the values:

Accounts receivable turnover = 955800 / 82500 = 11.58

5 0
3 years ago
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