Answer:
Etter capital $83,000
Lonnie Davis capital $83,000
Explanation:
Data provided in the question:
Capital balance of Myles Etter = $249,000
Capital balance of Crystal Santori = $105,000
Amount of interest sold by the Etter to Lonnie Davis = one-third
Sales price = $70,000
Now,
Required entry will be as follows
Etter capital $83,000
Lonnie Davis capital $83,000
Here,
the cash will be directly received by the Etter not by the partnership
Hence,
It will have not effect on the entry.
Answer:
a.
The money that we will have in account is $51156.41
b.
The money that we will have in account is $318808.31
Explanation:
a.
The deposits made in the account represent an annuity pattern as the deposits made are of a constant amount, are made after equal interval of time and are for a defined time period. Thus, to calculate the value of money that we will have after 19 years, we will use the formula for the future value of annuity.
The formula for the future value of annuity is attached.
FV = 1100 * [ (1+0.091)^19 - 1 / 0.091 ]
FV = $51156.41178
b.
The same formula for the future value of annuity will be used and we will change n from 19 to 38.
FV = 1100 * [ (1+0.091)^38 - 1 / 0.091 ]
FV = $318808.3149
Answer:
I think it is a guarantee.
Answer:B. if transaction costs are low, private bargaining will result in an efficient solution to the problem of externalities.
Explanation:
The coarse theorem:
If there is a conflict between parties this will lead to an effecient results irrespective of who won the right to the property as long as the transaction cost related to the price negotiation is insignificant.