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HACTEHA [7]
3 years ago
14

Nettles, king, and tanaka are partners sharing income 3:2:1. after the firm's loss from liquidation is distributed, the capital

account balances were: nettles, $48,000 dr.; king, $178,000 cr.; and tanaka, $124,000 cr. if nettles is personally bankrupt and unable to pay any of the $48,000, what will be the amount of cash received by king and tanaka upon liquidation? if an amount is zero, enter in 0. use the minus sign to indicate any deficiencies.
Business
1 answer:
Alisiya [41]3 years ago
7 0
<span>So the total ratio amounts to 3,2,1 which add up to 8. At liquidation the total capital amounts to 178,000 - 124,000 = $56,000. Initially Nettle's share amounts to 3/6 * 56,000 = $28,000. Nettles doesn't receive anything. He still owes $48,000 - 28,000 = $20,000 while King receives 2/6 * $56,000 = $18, 667 and Tanaka 3/6 * $56,0000 = $28,000</span>
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Answer:

a. Current ratio

Explanation:

Current Ratio is the least likely to be affected

The  Current Ratio is given as

Current Ratio = [ Current assets ] ÷ [ Current liabilities  ]

Now,

Building a new plant is a fixed asset for the company.

Thus, It will add to the Fixed assets

Since,

The Formula for current ratio is independent of the fixed assets

Therefore,

It will be least affected.

While,

Debt to equity ratio = [ Debt ] ÷ [ Equity ]

Debt to asset ratio= [ Total Debt ] ÷ [ Total Assets ]

Net fixed assets to total assets = [ Net fixed assets ] ÷ [ Total assets ]

in all the above relations, fixed asset will change the value of the total assets.

Hence,

They all will be affected

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Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie wo
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Answer

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

Step-by-step explanation:

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3 years ago
A class-action suit against a utility company resulted in a settlement of $2 million for 70,000 customers. If the legal fees, wh
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Answer:

Each plantiff receives approximately $22.86

Explanation:

A class action lawsuit is one in which the plaintiff is a group of people, duly represented by a member of that group. In this case, the group of people is made up of 70,000 customers.

To calculate the amount each plaintiff receives, we will first subtract the legal fee from the total settlement, to obtain effective amount to be shared

Total settlement = $2,000,000

Legal Fees = $400,000

Therefore amount received all plaintiff = $2,000,000 - $400,000 = $1,600,000.

Next we will divide total amount to be shared by the number of plaintiff;

Amount each receives = $1,600,000 ÷ 70,000 = $22.857 = $22.86 (to 2 decimal places).

It is important that you know also that legal fees are amounts charge by lawyers on the settlement to be paid when filing a lawsuit. it is usually set as a certain percentage of the settlement amount to be paid.

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Hillsong Inc. manufactures snowsuits. Hillsong is considering purchasing a new sewing machine at a cost of $2.45 million. Its ex
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Answer:

NPV = 37,599 Negative

Explanation:

We can calculate the NPV of the new sewing machine by deducting the Present value of future cash inflows by Investment

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Year                                      DF(9%)   Present Value

1  Cash inflow     390,000  x 0.917      $357,798

2 Cash inflow     400,000  x 0.842    $336,672

3 Cash inflow     411,000   x  0.772     $317,367

4 Cash inflow     426,000  x 0.708     $301,789

5 Cash inflow     334,100  x 0.650     $217,077       (434,100 - 100,000)

6 Cash inflow     435,000  x 0.596    $259,376

7 Cash inflow     436,000 x 0.547     $238,507

7 Salvage value 400,000 x 0.547     $218,814  

     

Present Value of cash inflow             $2,247,401

Initial investment                                $2,285,000

NPV ($2,247,401 - $2,285,000)          (37,599)    

Conclusion: Hillsong should not purchase the new machine as the NPV of the machine is negative      

4 0
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