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dybincka [34]
3 years ago
15

Ben and Sam Jenkins formed a partnership. Ben contributed $8,000 cash and a used truck that originally cost $35,000 and had accu

mulated depreciation of $15,000. The truck’s fair value was $16,000. Sam, a builder, contributed a new storage garage. His cost of construction was $40,000. The garage has a fair value of $55,000. What is the combined total capital that would be recorded on the partnership books for the two partners?
Business
1 answer:
Airida [17]3 years ago
3 0

Answer:

The combined total capital that would be recorded on the partnership books for the two partners is $79,000

Explanation:

Partnership : In partnership, there are two or more members who are called partners which are ready to share the profit or loss percentage according to their agreed ratio

The combined total capital for both partners is shown below:

= Contributed cash + truck fair value + garage fair value

= $8000 + $ 16,000 + $55,000

= $79,000

The other cost like purchase price, depreciation, construction cost is irrelevant for computation. Thus, these cost will not be considered.

Hence, the combined total capital that would be recorded on the partnership books for the two partners is $79,000

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The mythical Hacker Microbrewery in Rosenheim, Germany, makes a brand of beer called Golden Eagle, which bottles and sells in ca
maw [93]

Answer:

Explanation:

Annual demand (D) = 20000 units

Number of days per year = 250

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Holding cost (H) = $1.50

A) Optimum run size(Q) = sqrt of {2DS / H [1-(d/p)]}

= sqrt of {(2x20000x1800) /1.50[1-(80/655)]}

= Sqrt of [7200000/1.50(1-0.1221) ]

= sqrt of [72000000/(1.50 x 0.8779)]

= sqrt of (7200000/1.31685)

= Sqrt of 5467593.1199

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Average inventory = I-max/2 = 2052/2 = 1026 units

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d) optimal length of production run  = optimal run size /production rate = 2338/655 = 3.56 or rounded up to 4 days

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Answer:

Missing word <em>"Because the stock will be sold directly to an investor, there is no spread; the other flotation costs are insignificant"</em>

<em />

Fair Price is based on the current valuation of business and that is $840,000 in this case.

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Fair Price = $840,000 / 37,000 shares

Fair Price = 22.7027027

Fair Price = $22.70.

Number of Additional Shares = Additional Funding Required/Fair Price Per Share =

Number of Additional Shares = $210,000 / $22.70

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Number of Additional Shares = 9251 shares

So, since additional funding of $210,000 is required, Benjamin will have to sell 9,251 shares as additional shares to the Angel.

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What are two features of a bond?
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