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Sav [38]
3 years ago
9

In the AD partnership, Allen's capital is $140,000 and Daniel's is $40,000 and they share income in a 3:1 ratio, respectively. T

hey decide to admit David to the partnership. Each of the following questions is independent of the others.
Refer to the information provided above. David invests $40,000 for a one-fifth interest in the total capital of $220,000. What are the capital balances of Allen and Daniel after David is admitted into the partnership?
Allen Daniel
A) 160000 60000
B) 136000 36000
C) 140000 40000
D) 137000 39000

A. Option A
B. Option B
C. Option C
D. Option D
Business
1 answer:
Mamont248 [21]3 years ago
6 0

Answer:

D) 137000 39000

Explanation:

Allen  140,000

Daniel 40,000

Capital before admission 180,000

share ratio 3:1

Capital after admission:

180,000 + 40,000 = 220,000

David participation: 20%

220,000 x 20% = 44,000

David investment  40,000

goodwill: 4,000

There is a difference in goodwill which will be supported for the old partner as their current share ratio

Allen 4,000 x 3/4 = 3,000

Daniel 4,000 x 1/4 = 1,000

Capital after David admission:

140,000 - 3,000 = 137,000

40,000 - 1,000 = 39,000

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The major use of the matrix as a tool in international location strategy is to?
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7 0
2 years ago
A U.S.-owned car factory in Mexico produces $5 million of cars. $2.5 million of these cars are sold in Mexico and the other $2.5
Dahasolnce [82]

Answer:

The amounted contributed to U.S.GDP is $2 million

Explanation:

First and foremost, the question reiterated that $1 m is due to U.S-owned equipment company and U.S.managers working in Mexico,this is where the key to unlocking the question lies.

On the basis that the money is shared equally between the equipment company and the U.S managers working in Mexico,each group gets $500,000 which is an input for the car manufacturer. However, $2.5m worth of cars are sold to U.S-an output ,deducting the $500000 due to the managers from the output value gives $2m

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Just took the test :)

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Granger Company had January 1 inventory of $150,000 when it adopted dollar-value LIFO. During the year, purchases were $900,000
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Answer:

$624, 750

Explanation:

Purchases = 900,000

Sales = 1500000

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1,500,000 - [{($150,000 x 110%) + $900,000} - $189,750]

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Gross profit. = $624750

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3 years ago
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