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
aleksley [76]
3 years ago
14

Caitlin, Chris, and Molly are partners and share income and losses in a 3:4:3 ratio. The partnership’s capital balances are Cait

lin, $131,000; Chris, $91,000; and Molly, $111,000. Paul is admitted to the partnership on July 1 with a 15% equity and invests $171,000. The balance in Caitlin’s capital account immediately after Paul’s admission is: Multiple Choice $171,000 $102,380 $159,620 $139,620 $129,160
Business
1 answer:
natka813 [3]3 years ago
6 0

Answer:

Pauls' share in partnership=(131000+91000+111000+171000)*0.15%= $75600

Balance in Caitlin’s capital account immediately after Paul’s admission = 131000-(75600-71000)*30%= $129160

You might be interested in
The comparative balance sheets for Kingbird Corporation appear below:
otez555 [7]
Banana is good and good for me
7 0
2 years ago
You have been accepted into college. The college guarantees that your tuition will not increase for the four years you attend. T
Rasek [7]

Answer:

$73,254.81

Explanation:

We assume fees paid as annuity (PMT). Now, we have to find Present Value (PV) of annuity

PV = PMT*(1-  1/(1+r)^n) / r

Where PMT = 10000, n = 8 payments, r r = ​4.0%/2 = 2% = 0.02

PV = $10,000 * (1 - 1/(1+0.02)^8) / 0.02

PV = $10,000 *  (1 - 1/1.171659381) / 0.02

PV = $10,000 * 0.146509629 / 0.02

PV = $73254.8145

PV = $73,254.81

$73,254.81 is the money i must deposit today if i intend to make no further deposits and would like to make all the tuition payments from this account.

6 0
3 years ago
They could increase Marco's motivation by:
AleksandrR [38]

Answer:

B

Explanation:

moneys always good motivation

4 0
2 years ago
Difference between bench trial and jury trial
dybincka [34]
Bench trial is when you pay for the consequences and jury trial is when your speaking of the situation and they would have to choose a consequence 
8 0
3 years ago
Read 2 more answers
Sheridan Company has several outdated computers that cost a total of $18200 and could be sold as scrap for $6200. They could be
sveticcg [70]

Answer:

$18200

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered when making future decisions.

The computers costs $18200. This amount has already been incurred and it cannot be recovered.

8 0
3 years ago
Other questions:
  • Product U23N has been considered a drag on profits at Jinkerson Corporation for some time and management is considering disconti
    7·1 answer
  • Acquiring an existing firm operating in a foreign country rather than undertaking internal development may be the least risky an
    5·1 answer
  • Mark Allen, a Clinical Information Systems Manager at Intermountain Healthcare, must work with others to coordinate communicatio
    6·1 answer
  • The Average Product of Labor is __________.
    14·1 answer
  • George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits unti
    10·1 answer
  • If the depreciable investment is $1,000,000 and the MACRS 5-Year class schedule is: Year-1: 20%; Year-2: 32%; Year-3: 19.2%; Yea
    5·1 answer
  • Arkensland is a highly industrialized countr. Prices have been steadily increasing over the last few years and inflation reached
    12·1 answer
  • What should you not do during a hostage rescue attempt?
    13·1 answer
  • Provide theoretical underpinnings of empirical findings in Wang (2018b) and Wang and Duxbury (2021).
    15·1 answer
  • You are planning a graduation trip to mexico. Other things the same, if the dollar appreciates relative to the peso, then:.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!