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
quester [9]
3 years ago
13

Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000, respectively

. With the consent of Bailey, Sandra buys one-half of Abby's interest for $35,000. For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?
Business
1 answer:
tigry1 [53]3 years ago
7 0

Answer:$30,000

Explanation:

The total value of Abby capital is $60,000 a sales of one half means $30,000 which will be debited to his capital account and credited to Sandra capital account as her share in the partnership, however the balance of $5000 will be credited to Abby share of profit account as gain on sale of share of capital. Crediting the whole sum to his capital account will reduce his stake in the partnership and put the old partners at a disadvantage in future share of profit.

The $5000 further represents a reward for the value he has added to the partnership called goodwill.

You might be interested in
Even though local newspapers are very inexpensive, people rarely buy more than one of them each day. This fact: Select one: a. i
ddd [48]

Implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost is the fact.

<h3>What is newspaper?</h3>

Newspaper is the paper that consist of the news in it, it publishes on the daily basis with the different news, there are different kind of news present in the paper like local news, international news, celebrities news, headline, exclusive news and others.

Thus, option C is correct.

For further details about Newspaper, click here:

brainly.com/question/14606545

#SPJ1

7 0
2 years ago
1. What is capital ?
Vlad1618 [11]
Capital is a different way to call Money
6 0
3 years ago
The shadow price measures, per unit increase in the right hand side of the constraint, Select one: a. the change in the value of
MA_775_DIABLO [31]

Answer:

A. the change in the value of the optimal solution.

Explanation:

  • A shadow pricing is associated with each constraint of the model and is the instantaneous changes that occur in the objective model of the optimal solution that is obtained by changing the right-hand side constrained by one unit and a reduced cost is associated with each variable of the model. Also referred to  as a monetary values that is assigned to the current unknowable or difficult to calculate costs.
7 0
3 years ago
you are working on creating a business document with two other co-workers . based on just this information,which of the followin
Artyom0805 [142]

Answer:

scooby doo????

Explanation:

3 0
3 years ago
Read 2 more answers
Maxie's Game World sold games to a customer on credit for $2,600, terms 1/10, n/30 and the cost of the games was $1,700. When re
aleksandrvk [35]

Answer:

$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.

Explanation:

If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:

Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30

Dr Accounts receivable 2,600

    Cr Sales revenue 2,600

Dr Cost of goods sold 1,700

    Cr Merchandise inventory 1,700

7 0
3 years ago
Other questions:
  • Annie is excited about a $500 income tax return and is already contemplating which shoes to purchase. annie is exhibiting
    9·1 answer
  • Many market trends are intensified by a _____ instinct among investors
    14·1 answer
  • A company has three products possible products that it can produce in a machine intensive production process. Capacity is constr
    7·1 answer
  • Cole is refinishing an antique china cabinet and has already spent $180 on the restoration. He expects to be able to sell the ca
    5·1 answer
  • Great Eastern Rectangle (GER) currently has 970,000 shares of stock outstanding that sell for $29.25 per share. Assuming no mark
    10·1 answer
  • What are the elements of a compensation package
    13·1 answer
  • Paul has been forced to retire from his company after over 30 years of employment. compared with his peers who voluntarily retir
    15·1 answer
  • Consider an investor who, on January 1, 2019, purchases a TIPS bond with an original principal of $116,000, an 10 percent annual
    14·1 answer
  • At the end of 2016, Sunland Company has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200.
    9·1 answer
  • ___________An example of a campaign that uses integrated brand promotion is Taco Bell; they have simultaneously put out a commer
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!