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JulsSmile [24]
3 years ago
11

Dalworth and Minor have decided to form a partnership. Minor is going to contribute a depreciable asset to the partnership as he

r equity contribution to the partnership. The following information regarding the asset to be contributed by Minor is available:
Historical cost of the asset $276,000
Accumulated depreciation on the asset $140,000
Note payable secured by the asset and assumed by the partnership $118,000
Agreed-upon market value of the asset $245,000

Based on this information, Minor's beginning equity balance in the partnership will be:_________

a. $276,000
b. $158,000
c. $136,000
d .$127,000
e. $18,00
Business
1 answer:
Roman55 [17]3 years ago
8 0

Answer:

d .$127,000

Explanation:

The computation of the beginning equity balance is shown below:

= Market value of the assets i.e agreed upon - Note payable secured by the asset

= $245,000 - $118,000

= $127,000

By deducting the note payable from the market value of the asset so that the beginning equity balance could come  

All other information mentioned in the question is not relevant. Hence, ignored it

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Answer:

The answer is cutbacks in defense production

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Explain how quickly a new product will be adopted, given the values and regular experiences of potential customers?

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3 years ago
Rienzi Farms grows sugar cane and soybeans on its 600 acres of land. An acre of soybeans requires 3 hours to plant and brings in
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Answer:

133 acres of sugar cane

and 300 of soybean provide a profit of $ 733,000

Explanation:

We setup the fromulas and use excel solver:

labor hours:  3 x sugar acres + 4 x soybean <= 1,600

profit  = 1,000 x sugar acres + 2,000 soybean

with the restriction soybean <= 300

                 SOLVER  

              acres          hours             PROFIT

sugar cane 133  x 3 = 399       x 1,000 =    133,000

soybeans 300  x 4 = 1,200           x 2,000 =<u>  600,000  </u>

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3 years ago
How to paraphrase this information
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When paraphrasing, you must summarize the info without losing any of the key points.

You could say "Please submit your <u>budget requirements</u> for <u>major purchases </u>in order of highest <u>priority </u>to lowest priority to assist in <u>annual planning</u>."

This sentence hits all of the key elements more succinctly.

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