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scZoUnD [109]
3 years ago
10

Jesse and Tim form a partnership by combining the assets of their separate businesses. Jesse contributes accounts receivable wit

h a face amount of $46,000 and equipment with a cost of $177,000 and accumulated depreciation of $102,000. The partners agree that the equipment is to be valued at $68,400, that $3,300 of the accounts receivable are completely worthless and are not to be accepted by the partnership, and that $2,200 is a reasonable allowance for the uncollectibility of the remaining accounts receivable. Tim contributes cash of $21,500 and merchandise inventory of $45,000. The partners agree that the merchandise inventory is to be valued at $48,500. Required:Journalize the entries to record in the partnership accounts (a) Jesse’s investment and (b) Tim’s investment. Refer to the Chart of Accounts for exact wording of account titles.
Business
1 answer:
anygoal [31]3 years ago
6 0
Ddkhkgakgatkitajaita
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the Bailey Brothers want to issue 20-year , zero coupon bonds that yield 9% .what price should it charge for these bonds if the
prohojiy [21]

Answer:

the amount charged is $178.43

Explanation:

The computation of the price charged is  shown below:

As we know that

Future value = Present value × (1 + rate)^number of years

So,

Present value = Future value ÷ (1 + rate)^no of years

= $1,000 ÷ (1 + 0.09)^20

= $1,000 ÷ 1.09^20

= $178.43

Hence, the amount charged is $178.43

6 0
3 years ago
How would you advise Johnson & Johnson on addressing the claim that their talcum powder (baby powder) causes ovarian cancer?
victus00 [196]

Answer:

An example email to the company:

Dear Sirs:

I have recently been in contact with some sources that have told me that you baby Powder may be causing ovarian cancer. I would respectfully ask you to look into this issue, as your product may be harming young children.

Thank you for your time,

_Your name herE_

6 0
3 years ago
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Ship A is 15 miles east of P and is moving west at 20 mph; ship B is 60 miles south of P and is moving north at 15 mph. At what
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Answer:

please \: refer \:  \:  to \: the \: attachment \: above

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5 0
3 years ago
Oil creek auto has sales of $3,740, net income of $274, net fixed assets of $2,800, and current assets of $920. the firm has $63
Montano1993 [528]

An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement

<h3>What is common-size statement?</h3>

An income statement that expresses each line item as a percentage of a base amount is known as a common-size income statement. Typically, this refers to overall earnings or total sales. Financial ratio analysis's objective is comparable to that of a common-size income statement. Items are shown as a percentage of a common base amount, such as total sales revenue, in a financial statement of common size. This kind of financial statement makes it simple to compare one company to another or different time periods within the same company.

The common-size statement refers to expressing each value as a percent of sales:

Sales                 3,340                   100.000%

income                 274                     8.234% (274 divided by 3340 times 100)

fixed assets          2,699               80.809%

current assets         836                25.030%

Inventory               417                0.12485  (417/3,340)

To learn more about common-size statement refer to:

brainly.com/question/14275288

#SPJ4

5 0
2 years ago
Smithland is a nation with a traditional economy. economic decisions in smithland are based on
lisov135 [29]
The answer is, <span>economic decisions in Smithland are based on "customs of the past".
</span>
Traditional economy refers to an original economic system or framework in which customs, traditions, and convictions help shape the merchandise and the administrations the economy produces, and additionally the principles and way of their circulation. Nations that utilize this kind of financial framework are often rural and farm-based.
5 0
3 years ago
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