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Komok [63]
3 years ago
9

Able, Baker, and Carter have partnership capital account balances of $600000 each. Income and losses are shared equally. Carter

agrees to sell three-fourths of his ownership interest to Able for $525000 and one-fourth to Baker for $187500. Able and Baker will use personal assets to purchase Carter’s interest. The partnership's entry to record Carter’s withdrawal from the partnership would be
Business
1 answer:
poizon [28]3 years ago
4 0

Answer and Explanation:

The Journal entry is shown below:-

Carter's Capital Dr $600,000

                 To Able's Capital $450,000    (3 ÷ 4 × $600,000)

                To Baker's Capital $150,000

(Being Carter’s withdrawal from the partnership is recorded)

For recording this we debited the carter capital as it shows the withdrawn amount and credited the able capital and baker capital so that the total withdrawn collected from these partners could come

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Mr. Stone's students have been completely engrossed in a physics experiment.At the end of the experiment, all of his students sc
leonid [27]

Answer: Academic learning time

Explanation:

Academic learning time is the amount of time when students are actively, and productively engaged in learning their relevant academic content. A high level of Academic Learning Time simply means that the students are covering vital content in their academics, the students are on-task for most of the class period; and are also successful on most the assignments they do.

Me Stone's is using academic learning time which is shown in the success rate of the experiments done by the students.

8 0
3 years ago
Read 2 more answers
BT Alex Brown Analysts are evaluating Energen (NYSE: EGN) for possible inclusion in a small-cap oriented portfolio. EGN is a div
Lady bird [3.3K]

Answer:

The correct option is $1.14

Explanation:

D1=D0*(1+g)

D1 is year 1 dividend

g growth rate of dividend of 15%

D1=$0.54*(1+15%)

D1=$0.54*(1+0.15)

D1=$0.54*1.15

D1=$0.621 00

D2=$0.621*1.15

D2=$0.71415

We need to apply the discount factor to each of the dividends,the discount factor is 1/(1+r)^n

r is the rate of return of 11%

n is the relevant year

present value of year 1 dividend=$0.62100*1/(1+11%)^1

present value of year 1 dividend=$0.559459459

Present value of year 2=$0.71415*1/(1+11%)^2

Present value of year 2=$0.579620161

Total value present values=$0.559459459 +$0.579620161

                                            =$1.14

6 0
2 years ago
Is water wet or....?
amm1812

Answer:

water is a substance made up of two compound one is hydrogen and second is oxygen

the chemical formula for water is ( H2O )

Explanation:

hope it helps

5 0
3 years ago
Read 2 more answers
Lucy and Fred want to begin saving for their baby's college education. They estimate that they will need $120,000 in eighteen ye
dezoksy [38]

Answer:

$4,265.55

Explanation:

Future value = $120,000

Interest rate (i) = 5%

Annual deposit = ?

Time period (n) = 18 year

Since deposit are to be made at the beginning of each year, hence the relevant factor table to be used is future value annuity due factor table.

Future value = Annual deposit x future value annuity due factor (i%, n)

120,000 = Annual deposit x FVADF (5%, 18period)

120,000 = Annual deposit x 28.13238

Annual deposit = 120,000/28.13238

=$4,265.547

=$4,265.55

4 0
3 years ago
Using an advertising agency is a cost-effective way for a small business to advertise its products or services.
emmainna [20.7K]
True !! Can I be marked as brainliest ?!
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