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amm1812
3 years ago
13

Assume that MargaretMargaret purchases a 1313​% partnership interest from DaronDaron on June 30 so that MargaretMargaret and Dar

onDaron each own 2525​% from that date through the end of the year. What are MargaretMargaret and DaronDaron​'s distributive shares for the current​ year
Business
1 answer:
7nadin3 [17]3 years ago
6 0

Answer:

Margaret's distributive share = 18.5%

Daron's distributive share = 31.5%

Explanation:

Each partner's distributive share of profits, losses, deductions, etc., is based on the partner's interest on the partnership throughout the year.

During the first half of the year:

  • Margaret's interest in the partnership = 12%
  • Daron's interest in the partnership = 38%

During the first half of the year:

  • Margaret's interest in the partnership = 25%
  • Daron's interest in the partnership = 25%

Margaret's distributive share = (12% x 0.5) + (25% x 0.5) = 6% + 12.5% = 18.5%

Daron's distributive share = (38% x 0.5) + (25% x 0.5) = 19% + 12.5% = 31.5%

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Answer:

In the event that I go to a social equality promotion gathering, I will be an expert in my view to characterize the lawful foundation of the constitution and the nineteenth amendment. I'll give the standard to add alteration to stating "as you most likely are aware" to abstain from misunderstanding with them.I additionally utilize propelled phrasing to present to legal counselors. Let me quickly outline the ladies rights development for secondary school understudies and afterward disclose how to fix it. I additionally utilize less modern words to assist understudies with dodging disarray. In the two gatherings I might want to incorporate the fix procedure in light of the fact that the introduction is proposed and regardless of whether a few gatherings definitely know data, it is a significant piece of the introducing time.

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3 years ago
Ginny Trueblood is considering an investment which will cost her $120,000. The investment produces no cash flows for the first y
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Answer:

The project should be rejected as the payback period of 3.97 years exceeds the required 3 years. So, the correct option is E

Explanation:

The table showing the discounted cash flows of each year:

Computing discounted payback as:

Discounted Payback = Number of years + (Initial Cost - Discounted Cash flow of year 1 + Discounted Cash flow of year 2 + Discounted Cash flow of year 3 / Discounted Cash flow of year 4)

= 3 + ($120,000 - $0 - $28,925.62  - $41,322.31  / $51,226.01)

= 3 + ($49,752.07 / $51,226.01)

= 3 + 0.97

= 3.97

Working Note:

Discounted Cash Flow is computed as:

Discounted cash flow = Cash Flow / (1 + r) ^ n

where

r is rate of return that is 10%

n is number of year

So,

For 1st year:

= $0 / (1 + 0.1) ^1

= $0

For 2nd year:

= $35,000 / (1 + 0.1) ^ 2

= $35,000 / 1.21

= $28,925.61

For 3rd year:

= $55,000 / (1 + 0.1) ^ 3

= $55,000 / 1.331

= $41,322.31

For 4th year:

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3 years ago
2. Prepare a direct materials purchases budget for chemicals for the months of January and February. Do not include a multiplica
Tpy6a [65]

Answer:

Purchases Budget for January   238,590   units  

Purchases Budget for February   233,131 units

Dollar Purchases Budget for January    $ 477,180

Dollar Purchases Budget for February    $ 466,264

Explanation:

<u><em> Patrick Inc.</em></u>

<u><em>Direct Materials Purchases Budget - </em></u>

                                            January           February

Production in units             43,800              41,000

<u>Gallons per unit                  5.5                         5.5 </u>

<u>Gallons for production    240,900             225,500 </u>

Desired ending inventory 33,825                 41,456

<u>Needed                            274,725              266,956 </u>

Less: Beginning inventory 36,135                 33,825

Purchases                         238,590               233,131

Price per gallon                   $ 2.00                  $ 2.00

<u>Dollar purchases               $ 477,180            $ 466,264</u>

<u></u>

Direct Materials Purchases budget is calculated by calculating the gallons per unit which is added to desired ending inventory and beginning inventory is deducted. The purchases units are multiplied with price per unit.

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3 years ago
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