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
Brilliant_brown [7]
3 years ago
13

Terry, nick, and frank are forming the doctor partnership. terry is transferring $30,100 of personal cash and equipment worth $2

5,100 to the partnership. nick owns land worth $17,600 and a small building worth $75,100, which he transfers to the partnership. there is a long-term mortgage of $19,900 on the land and building, which the partnership assumes. frank transfers cash of $7,100, accounts receivable of $36,300, supplies worth $3,600, and equipment worth $22,100 to the partnership. the partnership expects to collect $31,300 of the accounts receivable.
Business
1 answer:
Leni [432]3 years ago
6 0
Balance Sheet

Assets

Current Assets
Cash 37200
Accounts Receivable 36300
Less: Allowance for Doubtful Accounts (5000) [Computation: 36300-31300)
Supplies 3600
Total Current Assets 72100

Property, Plant, and Equipment
Land 17600
Building 75100
Equipment 47200
Total Property, Plant, and Equipment 139900
Total Assets $212000

Liabilities
Long term Liabilities
Mortagage Payable 19900

Owner's Equity
Terry, Capital 55200
Nick, Capital 72800
Frank, Capital 64100

Total Owner's Equity 192100
Total Liabilities and Owner's Equity $212000
You might be interested in
Perry Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost infor
gladu [14]

Answer:

$46,800

Explanation:

Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000

Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:

+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300

+) Overhead cost of each components (for both products)

= 78,000 / (8+12) = $3,900

=> Total overhead costs using activity - based costing system is:

<em>Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model</em>

<em>= 1,300 x 12 + 3,900 x 8 </em>

= $46,800

4 0
3 years ago
When a doctor schedules you for a surgery and requests that the hospital have specific instruments and supplies for your procedu
Musya8 [376]

The doctor is responsible for supplying the required instruments for the surgery procedure.

<h3 /><h3>What is the real meaning of a doctor?</h3>

A person certified to exercise medicine, as a physician, surgeon, dentist, or veterinarian. someone who has been presented with a doctor's degree can be called as Doctor. He is a Doctor of Philosophy.

The buying process of surgical equipment for the successful operation of a patient is initiated by the doctor and the hospital authorities.

Therefore, The doctor is responsible for supplying the required instruments for the surgery procedure.

learn more about doctors here:

brainly.com/question/9663298

#SPJ1

6 0
3 years ago
David is trying to decide whether to add capital through investing more of his own money or through borrowing money from the ban
alukav5142 [94]

The return of equity will increase. Businesses can finance themselves with debt and equity capital. By aggregating the quantity of debt capital kin to its equity capital, a company can increase its return on equity. The way in which rising financial leverage increases ROE is a little less instinctive. One way to think about it is that if a business adds debt, its assets increase for the reason that its cash inflows from the debt issuance and so does its entire debt.

3 0
4 years ago
David manages a Shoney's restaurant. He is considering staying open later in the evening. For David, the variable costs associat
Arte-miy333 [17]

Answer:

Rent of the building will remain the same

Explanation:

The fixed costs will not change because fixed cost remains fixed for any level of activity whereas the variable cost changes with the increase in level of activity. As the activity level will change with additional hours work which will increase the variable costs only. So all variable costs will increase whereas fixed will remain fixed. The all the other options were variable costs except rent which is fixed cost. So rent will no change because of additional hours worked.

6 0
4 years ago
A job analysis method is ________ if it accurately assesses each job's duties.
sveta [45]
A job analysis method is valid if it accurately assesses each job's duties. 

A job analysis helps companies list appropriate taste and expectations for a job listing. It's important to make sure the people applying for the job and ultimately getting hired are well aware of their tasks and responsibilities in that position. 
8 0
4 years ago
Other questions:
  • Sally is going to give an instructional presentation. Her thoughts about an instructional presentation are below. Which one of h
    13·1 answer
  • Neither paper nor election file names can be changed easily
    13·1 answer
  • If a firm lies within a country with ________ or ________ domestic capital markets, it can achieve lower global cost and greater
    10·1 answer
  • Henry Co. assigned $400,000 of accounts receivable to Easy Finance Co. as security for a loan of $335,000. Easy charged a 2% com
    14·1 answer
  • . Which of the following is not a way business markets and consumer markets differ?
    9·1 answer
  • As randomly selected securities are combined to create a portfolio, the ________ risk of the portfolio decreases until 10 to 20
    5·1 answer
  • The four major stages of a product life cycle include a. awareness, interest, trial, and adoption. b. prosperity, recession, dep
    12·1 answer
  • Please explain how your past personal and professional experience make you a quality candidate for the position for which you ar
    13·1 answer
  • Clothing retail stores are an example of this market structure.
    9·1 answer
  • Select the correct answer.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!