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Sveta_85 [38]
3 years ago
5

An investor contributes $100,000 of cash to a partnership and signs a $200,000 recourse note. During the first year, the investo

r is allocated partnership income of $80,000, debt service expense of $30,000 consisting of $20,000 of interest and $10,000 of principal amortization, operating expenses of $40,000 and depreciation expense of $65,000.
The "net cash flow" from operations for the year is ____.
Business
1 answer:
dezoksy [38]2 years ago
3 0

Answer:

net cash flow = $10000

Explanation:

given data

contributes cash = $100,000

partnership income = $80,000

debt service expense = $30,000

interest = $20,000

principal amortization = $10,000

operating expenses = $40,000

depreciation expense = $65,000

solution

we know that Depreciation is not cash flow so we will exclude it

so for cash flow get here as =  income minus all cash cost

so

cash flow = income - interest expenses - operating expenses  .........1

cash flow = $80,000 - $20,000 - $40,000

cash flow = $20,000

and here additional paid out = $10,000 for reduce loan balance

so as that net cash flow = $20000 - $10000

net cash flow = $10000

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Answer:

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Explanation:

The bookkeeper incorrectly made the following journal entry:

Dr Cash 350

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The correct entry should have been:

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So the adjusting entry should be:

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The answer to the question a
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Cora purchased a hotel building on May 17,.2018, for $3,000,000. Determine the cost recovery deduction for 2019.
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Answer:

d. $76,920

Explanation:

Calculation to Determine the cost recovery deduction for 2019

Based on the information given we were told that they purchased a hotel building on May 2018 for the amount of $3,000,000 which means that to calculate the cost recovery deduction for 2019 we would be using 2.563 to multiply the cost of purchasing the hotel reason been that hotel building is a non residential property.

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2 years ago
"Macroeconomics is the part of economics concerned with individual units such as a person, a household, a firm, or an industry."
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3 0
3 years ago
Read 2 more answers
The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any prope
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Answer:

151,000

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