Answer:
Etter capital $83,000
Lonnie Davis capital $83,000
Explanation:
Data provided in the question:
Capital balance of Myles Etter = $249,000
Capital balance of Crystal Santori = $105,000
Amount of interest sold by the Etter to Lonnie Davis = one-third
Sales price = $70,000
Now,
Required entry will be as follows
Etter capital $83,000
Lonnie Davis capital $83,000
Here,
the cash will be directly received by the Etter not by the partnership
Hence,
It will have not effect on the entry.
Answer:
$1,470,000
Explanation:
As we know that
Cost of goods sold = Opening inventory + Purchase - ending inventory
where,
Opening inventory would be
= $495,000 - $170,000
= $325,000
So, the purchase would be
$1,300,000 = $325,000 + Purchase - $495,000
$1,300,000 = -$170,000 + Purchase
So, the purchase would be
= $1,300,000 + $170,000
= $1,470,000
This is the answer but the same is not provided in the given options
Answer:
The ROI is 2
Explanation:
For computing the ROI we have to apply the formula which is shown below:
= Return in terms of benefit ÷ investment
where,
Return is in terms of sales which equals to $20,000
And, the investment equals to
= New color cost + video launching cost
= $5,000 + $5,000
= $10,000
Now put these values to the above formula
So, the answer would be equal to
= $20,000 ÷ $10,000
= 2
<span> Recording the accrual of salaries incurred.</span>
