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Minchanka [31]
3 years ago
13

The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated to

Adams, Baker, Carvil, and Dobbs on a 2:3:3:2 basis, respectively, how will the $10,000 be divided? The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated on a 2:2:3:3 basis, respectively, how will the $10,000 be divided? The building is immediately sold for $141,000 to give total cash of $202,000. The liabilities are then paid, leaving a cash balance of $151,000. This cash is to be distributed to the partners. How much of this money will each partner receive if profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:3:3 basis, respectively?

Business
1 answer:
ololo11 [35]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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During 2016, Moore Corp. had the following two classes of stock issued and outstanding for the entire year: 100,000 shares of co
iVinArrow [24]

Answer:

the amount to be used in the numerator is $900,000.

Explanation:

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Diluted Earnings per Share takes into account potential voting rights.

The Preference dividend is <em>not</em> deducted from Net Income as it carries a potential voting right.

6 0
3 years ago
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compu
zepelin [54]

Answer:

3.76 times

Explanation:

The computation of the asset turnover is shown below:

Asset turnover = Net sales ÷ Average total assets

= $1,356,504 ÷ $360,600

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This is the answer but the same is not provided in the given options

8 0
3 years ago
Orion Flour Mills purchased a new machine and made the following expenditures:
GrogVix [38]

Answer:

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

Explanation:

Preparation of the journal entry to Record the above expenditures for the new machine.

Dr Equipment 62400

Dr Prepaid Insurance 500

Cr Cash 2900

Cr Accounts Payable 60,000

(62,400+500-2900)

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Purchase price ($55,000) + Sales tax (5,000) + Shipping (800) + Installation (1,600) =

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Cash:

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8 0
3 years ago
Although a consumer may be happy with your company’s product/service, they will not hesitate to switch if another company provid
vesna_86 [32]

Answer:

delight

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Delighting the customer is a very important part of marketing. This helps in maintaining the customer relation.

4 0
3 years ago
Nonverbal communication is often referred to as body language.<br><br> True<br> False
Paraphin [41]

True!

Why?

Well, non-verbal communication is talking, but without words. It includes of body language, think of sign language, you use your hands. :)

Please award brainliest if I helped you, if not........ oh, well.

Stay happy

4 0
3 years ago
Read 2 more answers
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