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krok68 [10]
3 years ago
11

Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on rea

lization, and paying liabilities, the balances in the capital accounts are as follows: Everett, $53,300 Cr.; Miguel, $46,200 Dr.; and Ramona, $39,800 Cr. How much cash is available for distribution to the partners?
Business
1 answer:
Evgen [1.6K]3 years ago
5 0

Answer:

$46,900 cash is available for distribution to the partners

Explanation:

The computation of the distribution of cash is shown below:

= Everett capital credit balance + Ramona capital credit balance - Miguel  capital credit balance

= $53,300 + $39,800 - $46,200

= $46,900

We simply added the credit balances and deduct the debit balance for calculation of the cash distribution to the partners

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Hoochie [10]
For me, Linda will not be able to win her suit against Rafael in claiming the land. 

In the event of Warranty deed vs Quitclaim deed, warranty deed wins over quitclaim deed. But, there are instances that quitclaim deed wins over warranty deed. And I think that the above circumstance is an exception to the general rule.

It all boils down to good faith. Because the transaction between Rafael and Madison are clear and in good faith, their transaction is legal. Because the transaction between Linda and Madison is done in bad faith to the detriment of Rafael, their transaction is void despite it being secured with a warranty deed.  
8 0
3 years ago
With an expansionary monetary policy, investment, consumption, and net exports all ________, which results in the aggregate dema
MA_775_DIABLO [31]

Answer:

D - Increase; Right

Explanation:

You can think of it as the money "Expanding", or "Increasing".

You can also think about it on a number line of sorts, positive numbers on the right, negative on the left.

So with increasing money, it would shift to the right.

3 0
3 years ago
Well organized buisiness writing uses short sentences and paragraphs. True or False?
nordsb [41]

Answer:False

Explanation:because they use long paragraphs or it could be in paragraph form and the sentences will have more information.

3 0
3 years ago
A__________ gap exists when a firm knows what it needs to do to meet customers' service expectations but sometimes fails to do i
astra-53 [7]

Answer:

a. delivery

Explanation:

The delivery gap is that gap which shows a difference between the company service timing and actual service timing that is given to the customer

The motive of the organization is to deliver the productions within the prescribed time so that the customers can get maximum satisfaction.  

But if the delivery is not made with the given that, the customer expectation falls which ultimately reduces the customer satisfaction towards the products delivered to them.

8 0
3 years ago
Pension data for David Emerson Enterprises include the following:_______.
MrMuchimi

Answer:

$151 million

Explanation:

Calculation to determine the service cost component of pension expense for the year ended December 31.

Projected benefit obligation, December 31 $485 million

Add Benefit payments to retirees, December 31 $58 million

Less Interest cost ($42 million)

(350*12%)

Less Projected benefit obligation, January 1 ($350 million)

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Therefore the service cost component of pension expense for the year ended December 31 will be $151 million

8 0
2 years ago
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