Answer:
$57500 to Zheng and $ 47500 to Murray
Explanation:
Allocation of Net income Zheng Murray Total
Total Net income 105000
Less: Salary allowance 60000 40000 -100000
Remaining income 5000
Less: Interest on capital 10% 10000 20000 - 30000
Remaining Loss -25000
Share equally -12500 -12500 25000
Share of partners 57500 47500 0
Answer:
$350,000
Explanation:
The relationship between assets, liabilities, and equity is expressed in the accounting equation. According to the equation, Assets = Equity plus Liabilities.
For Berber company, total assets will be
Assets = $120,000 + $230,000
Assets = $350,000
Answer and Explanation:
The computation of the net worth statement is shown below:
Assets
Checking account $800
Scooter $2,000
Total assets $2,800 (A)
Liabilities
OWed to jaycee Auto $920
River college $125
Total liabilities $1,045 (B)
Net worth $1,755 (A - B)
The two elements we need to know in order to gauge whether your post-college debt will be affordable are given below.
Debt entails borrowing money directly, while equity means selling a stake in your company in the hopes of securing economic backing. Both have professional and cons, and many companies pick to use an aggregate of the two financing answers.
Debt approaches the quantity of money which needs to be repaid lower back and financing manner offering price range for use in commercial enterprise sports. A crucial characteristic in debt financing is the reality that you aren't losing ownership of the corporation.
Debt is something owed by way of one party to every other. Examples of debt include amounts owed on credit score cards, car loans, and mortgages.
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