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jeyben [28]
3 years ago
7

On December 31, 20X4, Alan and Dave are partners with capital balances of $80,000 and $40,000, and they share profit and losses

in the ratio of 2:1, respectively. On this date, Scott invests $36,000 cash for a 20 percent interest in the capital and profit of the new partnership. The partners agree that the implied partnership goodwill is to be recorded simultaneously with Scott’s admission. The firm’s total implied goodwill is
Business
1 answer:
lawyer [7]3 years ago
3 0

Answer:

$24,000

Explanation:

For computing the implied goodwill, first, we have to calculate the total partners capital and total firm capital

Total partners capital = $80,000 + $40,000 + $36,000

                                    = $156,000

Now the total firm capital would be

= $36,000 ÷ 20%

= $180,000

Now the implied goodwill would be

= $180,000 - $156,000

= $24,000

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In processing orders, an operations professional sees that a customer purchased $24,999 in mutual fund shares today. The operati
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Answer:

The answer is: Breakpoint Sale

Explanation:

A breakpoint sale  violation occurs when a RR sells mutual fund shares to a client and doesn't disclose reduced sales charges that the client would qualify for if they had bought just a few more shares. In this case the client could have qualified for a discount if he had just bought one more share, and could have saved money instead of paying higher charges.

3 0
3 years ago
The value of what must be foregone in order to undertake an activity is known as Multiple choice question. opportunity cost. a t
Marianna [84]

In business, people often make choices. Opportunity Cost is the value of what must be foregone in order to undertake an activity.

<h3>What is opportunity cost?</h3>
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An example is when a person spend their time and money going to a shop, one cannot spend that time at cooking, and you even did not spend the money on other things.

Learn more about Opportunity Cost from

brainly.com/question/1549591

8 0
2 years ago
Liam, the photography editor of a national magazine, is looking through a series of pictures to find a model who seems strong an
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3 0
3 years ago
The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchang
WINSTONCH [101]

Answer: Option (C) is correct.

Explanation:

Given that,

Old market price of stock = $15

New market price of stock = $18

Here, we assume that EPS be $5.

So,

Price-earning ratio at old price = \frac{Market\ Price}{EPS}

                                                   =  \frac{15}{5}

                                                   = 3

Price-earning ratio at New price = \frac{Market\ Price}{EPS}

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7 0
3 years ago
The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 20
sveta [45]

Answer and Explanation:

The preparation of the sales section of the income statement is presented below:

<u>Income Statement </u>

<u>For the year ended </u>

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Less:  

Sales Discount  $15,400  

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hence the net sales is $866,000

The freight out would not be considered. Hence, ignored it

7 0
3 years ago
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