1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dusya [7]
3 years ago
9

E contributes $36,000 in cash to the business to receive a 10 percent interest in the partnership. Goodwill is to be recorded. P

rofits and losses have previously been split according to the following percentages: A, 30 percent; B, 10 percent; C, 40 percent; and D, 20 percent. After E makes this investment, what are the individual capital balances
Business
1 answer:
Kisachek [45]3 years ago
6 0

Answer:

A = $97,200

B = $32,400

C = $129,600

D = $64,800

E = $36,000

Explanation:

Provided for 10% share in business E contributes = $36,000

That means total capital = $36,000/10% = $360,000

Therefore remaining partner's share = 100 - 10% = 90%

Total Value of share of all partners  except E = $360,000 - $36,000 = $324,000

Which shall be in the ratio

A = 30%, B = 10%, C = 40%, D = 20%

Therefore, capital balances shall be as follows:

A = $324,000 \times 30% = $97,200

B = $324,000 \times 10% = $32,400

C = $324,000 \times 40% = $129,600

D = $324,000 \times 20% = $64,800

E = $36,000

Total Share = $360,000

You might be interested in
Elk, a C corporation, has $370,000 operating income and $290,000 operating expenses during the current year. In addition, Elk ha
pychu [463]

Answer:

$80,000

Explanation:

Calculation to determine what Elk's taxable income is:

Using this formula

Taxable income=Operating income-Operating expenses

Let plug in the formula

Taxable income=$370,000-$290,000

Taxable income=$80,000

Therefore Elk's taxable income is:$80,000

4 0
2 years ago
Suppose that the raw daily oxygen purities delivered by an air-products supplier have a standard deviation σ ≈ .1 (percent), and
Kay [80]
<span>approximate the probability that the sample mean x of n using the given formuka</span>
4 0
3 years ago
When there are many producers and many consumers in an​ economy, the best way to achieve an efficient allocation of resources is
Charra [1.4K]

Answer:

C. freely operating economy in which all markets are perfectly competitive.

Explanation:

When we have a lot of producers and many consumers in an economy, the best way to achieve an efficient allocation of resources is to have a freely operating economy in which all markets are perfectly competitive.

  • In such a free economy, demand for goods and services are not controlled.
  • The consumers behavior towards purchasing will determine if producers should allocate more resources to a production process or not.
  • It is better to make such market competitive without interfering into how resources are managed and dispensed.
5 0
3 years ago
Wood Dreams makes hand crafted furniture in its retail stores. The furniture maker has recently installed a new assembly process
Sophie [7]

Answer: 204.76%

Explanation:

In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.

Thus, the productivity in terms of units per labor hour is as follows:

= \frac{42}{8\times5}

= 1.05

Similarly, after the process improvement, the productivity in units per labor hour would be:

= \frac{128}{8\times5}

= 3.2

Thus change in productivity would be calculated as:

=\frac{3.2-1.05}{1.05}\times100

= 2.047 × 100

= 204.76%

Thus, the productivity of non defective parts would increase by 204.76%.

4 0
3 years ago
An allocation base that causes overhead costs to be incurred is called a(n):
barxatty [35]
It is called A COST DRIVER. A cost driver refers to any factor that causes a change in the cost of an activity. Cost driver is used to assign overhead costs to the quantity of a particular goods that is manufactured. Example of a cost driver is direct labour hours input into a production operation. 
7 0
3 years ago
Other questions:
  • How do we provide Every day low price to our customers
    7·2 answers
  • Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respec
    8·1 answer
  • Which of the following people would be considered unemployed by the Bureau of Labor Statistics? I. Mrs. X retires from her job a
    6·1 answer
  • For the year ended December 31, 2015, Lopez Company has implemented an employee bonus program equal to 3% of Lopez’s net income,
    7·1 answer
  • Sarah Wiggum would like to make a single investment and have ​$2 million at the time of her retirement in 35 years. She has foun
    14·2 answers
  • When david exaggerated his experience on his resume do you think he believed he would be caught? What effect did this belief hav
    9·1 answer
  • What is a description of the prime rate?
    11·1 answer
  • List 3 physical side effects of anger/stress and explain how they can impact your driving.
    7·1 answer
  • Why should an entrepreneur do a feasibility study for starting a new venture
    11·1 answer
  • A convertible bond would let the investor exchange it for:____.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!