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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

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It is true that an external transaction is a transaction the firm conducts with a separate economic entity.

<h3>What are internal and external transactions?</h3>

An internal transaction is any financial activity that occurs within an organization rather than with a third party. Usually, money is exchanged between divisions or between the business and its employees. Even while internal transactions aren't sales like external ones are, they still have an impact on the company's finances.

An external transaction is one that involves a third party from outside the transaction. A company conducts external transactions the majority of the time throughout an accounting period.

The acquisition of goods from a supplier, the payment of cash to a creditor, and the payment of wages to employees are examples of external transactions.

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3 years ago
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Explanation:

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Paige noted that she disbursed $7,847 in payments for operations in her travel agency and received $7,162 in cash receipts for s
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<h3>What do you mean by cash flow from operating activities?</h3>

Cash flow from operating activities (CFO) shows the quantity of cash an organization brings in from its ongoing, everyday commercial enterprise activities, together with production and promoting items or presenting a service to customers.

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