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stepan [7]
3 years ago
7

Jordon and Heidi share income equally. For the current year, the partnership net income is $40,000. Jordon made withdrawals of $

14,000, and Heidi made withdrawals of $15,000. At the beginning of the year, the capital account balances were: Jordon, Capital, $40,000; Heidi, Capital, $58,000. Jordon's capital account balance at the end of the year is a.$46,000 b.$68,000 c.$74,000 d.$54,000
Business
1 answer:
aleksley [76]3 years ago
3 0

Answer:

a.$46,000

Explanation:

A partner ship account records the transactions related to partnership. All transaction of withdrawal, Profit allocation etc. are recorded to determine the closing balance of each partner.

Ending Capital Balance = Beginning Capital balance + Income allocation for the year - withdrawals

Jordon's Ending Capital Balance = $40,000 + ( $40,000 x 0.5 ) - $14,000

Jordon's Ending Capital Balance = $40,000 + $20,000 - $14,000

Jordon's Ending Capital Balance = $46,000

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you need to have $32000 in 7 years. you can earn an annual interest rate of 3 percent for the first 4 years, and 3.6 percent for
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Answer:

$22,569.48 is amount i must have to deposit today

Explanation:

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PV = FV / (1 + r )n

PV = 32000 / (1 + 3%)^4*(1+3.6%)^3

PV= $32,000/ (1 + 0.03)^4*(1+0.036%)^3

PV= $32,000/ (1.03)^4*(1.036%)^3

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PV= $32,000/ 1.12550881 * 1.111934656

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$22,569.48 is amount i must have to deposit today

8 0
3 years ago
The returns of ABC Company and the market are listed below. Compute the beta for ABC Company stock (Hint: Think rise over run).
PilotLPTM [1.2K]

Beta = Covariance/Variance where: Covariance=A measure of an investment's return in relation to the market Variance is a measurement of how the market deviates from its mean.

Compute the beta for ABC Company stock ?

The standard deviation of returns for the asset could be divided by the standard deviation of returns for the benchmark to determine beta. The correlation between the security's returns and the benchmark's returns of 32.21 percent is multiplied to arrive at the final number.

Given that AAPL's beta of 0.6035 suggests the stock theoretically experiences 40 percent less volatility than SPY, AAPL would be regarded as being less volatile than SPY in this situation.

A stock with a beta greater than 1.0 fluctuates more than the market over time. A stock's beta is less than 1.0 if it moves less than the market. High-beta equities typically carry higher risks but also have a bigger potential reward. Although they carry less risk, low-beta equities often offer lesser returns.

Because of this, beta is frequently employed as a risk-reward ratio, which aids investors in deciding how much risk they are ready to accept in order to reap the potential rewards. It's crucial to take stock price volatility into account when determining risk. Beta is a useful proximate for risk if you view of risk as the likelihood that a stock would depreciate in value.

Beta = Covariance/Variance where: Covariance=A measure of an investment's return in relation to the market Variance is a measurement of how the market deviates from its mean.

Learn more about beta company stock here:

brainly.com/question/15017110

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4 0
2 years ago
Campbell's soup used several advertising campaigns that stressed the benefits of soup in general. for example, one tagline used
enot [183]

Answer:

The correct answer is letter "A": generic problem recognition.

Explanation:

While talking about how consumers recognize problems, generic problem recognition refers to a marketing strategy by which different features of a product are promoted highlining the benefits it carries over satisfying the same need. The more features are presented of the product, the more chances to increase its market share.

Therefore, <em>by portraying consumers the different benefits of its soup, Campbell aimed to stimulate the generic problem recognition.</em>

7 0
3 years ago
Which of the following statements is true? a. The production budget is not converted into dollars. b. The sales budget includes
Svetllana [295]

Answer:

e. All of these choices are correct.

Explanation:

Note:

Statement a. about production budget is correct as the production budget only estimates number of units to be produced, in quantity and not in dollars and therefore is not converted into dollars.

Statement b. about sales budget is also correct as it shows the quantity in units and also in value.

Statement c. about overhead budget is also correct as the budget segregates variable and fixed overheads properly.

Statement d. about labor budget is correct, as in this budget an average rate is used for calculating the expenses.

Therefore all of the above is correct.

8 0
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"when the number of units produced exceeds the number of units sold, net income under absorption costing will be:"
r-ruslan [8.4K]

Answer:

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