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
sasho [114]
3 years ago
14

Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on rea

lization, and paying liabilities, the balances in the capital accounts are as follows: Everett, $52,800 Cr.; Miguel, $47,500 Dr.; and Ramona, $37,400 Cr. How much cash is available for distribution to the partners
Business
1 answer:
katovenus [111]3 years ago
7 0

Answer:

$42,700 cash is available for distribution

Explanation:

In order to calculate the cash available for sharing, we will first identify the debit and credit transactions. Debit transactions are expenditures, while credit transactions are incomes, hence we need to calculate the difference between the income and the expenditure.

Available cash = Everett (credit) - Miguel (debit) + Ramona (credit)

Available cash = 52,800 - 47,500 + 37,400 = $42,700

Therefore $42,700 is available in cash for distribution to the partners

You might be interested in
Matching is:________.
Kay [80]

Answer:

A. It is a valuation method.

Explanation:

The matching principle is used to assign same costs with the same revenues. For example the inventory bought to make the product would be assigned like wise to assure the guideline of matching principle.

It is a valuation method.

It is used to evaluate the accounting procedures.

For example let us assume that we are selling candies. But the advertisement is run once the candies have been manufactured and sealed. So the matching principle states that the advertisement expenses to be included in the income statement having the corresponding stock of candies manufactured and sold.

5 0
3 years ago
What was the growth rate of per capita income in india on the eve of independence.
Orlov [11]

The growth rate in India on the eve of independence was 0.5% per annum.

<h3>What is independence?</h3>

Independence refers to the act of getting free from controlling of the dominating or ruling parties.

On the eve of independence, the economy was sluggish, and agriculture was the main activity that sparked growth. The colonial authorities made no serious attempt to assess India's national and per capita GDP.

Therefore, it can be concluded that 0.5% p.a. was the growth of the India at the time of independence.

Learn more about Independence here:

brainly.com/question/27765350

#SPJ4

4 0
2 years ago
Sprout has created a unique market offering by integrating its programs with both children and parents. This unique offering tha
FrozenT [24]

Answer: Differentiating

Explanation:

Sprout company as described in the question are making use of product differentiation to ensure parents and children consumption needs are met. Product differentiation in marketing occurs when a company distinguishes their products to meet the needs of the different types of consumer groups available in their target market.

8 0
3 years ago
in the absence of trade, the domestic price of soybeans is pn. if the world price of soybeans is pw, which of the following will
notka56 [123]

In the absence of trade, the domestic price of soybeans is pn. if the arena charge of soybeans is pw,b. the home charge of soybeans will rise, and home intake will fall.

The required details about domestic price is mentioned in below paragraph.

A domestic price degree represents the cutting-edge charge for a particular top or carrier in an economy. Government companies or country wide economists have a tendency to study diverse charge degrees for you to verify growing or falling prices, known as inflation and deflation in monetary terms, respectively.The term 'Domestic charge ' because it applies to the region of agriculture may be described as ' The charge at which a commodity trades inside a country, in assessment to the arena charge. For the ones commodities now no longer benefitting from a few shape of charge aid, the domestic price is decided with the aid of using deliver and demand. For commodities that acquire charge aid, the home charge is commonly set with the aid of using the mortgage price or a few similar aid degree that serves as a charge ground withinside the market running at the side of any import quota that can be in effect'.

To learn about domestic price visit here.

brainly.com/question/15584616

#SPJ4

6 0
1 year ago
Can someone assist with my question.... really important, semester coming up soon. Thank you in advance
tensa zangetsu [6.8K]
What is your question?
4 0
3 years ago
Other questions:
  • What three activities are typically involved in the production planning process
    9·2 answers
  • You want to buy a house that costs $285,000. You will make a down payment equal to 20 percent of the price of the house and fina
    5·1 answer
  • Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below: Sales $740,000 V
    13·2 answers
  • Westfall Watches has two product​ lines: Luxury watches and Sporty watches. Income statement data for the most recent year​ foll
    13·1 answer
  • Just because a​ project's payback period is relatively long​ doesn't mean it is not profitable in the long run. Consider an inve
    15·2 answers
  • If common equity financing is 60% of the optimal capital structure and the existing limit of internal equity is $500,000. Solve
    15·1 answer
  • Match the following three types of decision making with their corresponding attributes. A. Deliberate, rational, sequential B. E
    11·1 answer
  • This is a partial adjusted trial balance of Pharoah Company. PHAROAH COMPANY Adjusted Trial Balance January 31, 2022 Debit Credi
    12·1 answer
  • What are three ways you can make your reference’s job easy?
    14·1 answer
  • Test II. Mag-kompyut tayo.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!