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miss Akunina [59]
2 years ago
10

1. Nunes, Orta and Paulo are partners providing engineering services. Relevant data regarding income-sharing relationships and c

apital balances are as follows: Partner Capital Balance Income Share Nunes $ 250,000 20% Orta 180,000 30% Paulo 150,000 50% Totals $ 580,000 100% 2. Orta decides to retire and receives $159,000 in cash from the partnership. If the bonus method is used to account for the retirement, Paulo's capital balance after Orta's retirement is: A. $135,000 B. $139,500 C. $160,500 D. $165,000
Business
1 answer:
Bas_tet [7]2 years ago
5 0

Answer:

D) $165,000

Explanation:

Partner        Capital Balance             Income Share

Nunes              $250,000                        20%

Orta                  $180,000                         30%

Paulo                $150,000                         50%

Totals               $580,000                       100%

Orta's balance - capital balance = $180,000 - $159,000 = $21,000 which will increase the partnership's total capital balance

partnership's capital balance = $421,000

the extra $21,000 will be divided according to each remaining partner's income distribution:

  • Paulo = (50%/70%) x $21,000 = $15,000
  • Nunes = (20%/70%) x $21,000 = $6,000

Paulo's capital balance = $150,000 + $15,000 = $165,000

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ankoles [38]

Answer:

The answer is False.                                        

Explanation:

The qualities of effective communication are:

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Cheers!

8 0
3 years ago
how can you use excel to assist in project risk management? what other software can help project teams make better risk manageme
dlinn [17]

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3 0
11 months ago
A particular​ country's exports of goods are increasing exponentially. The value of the​ exports, t years after 2007​, can be ap
Olegator [25]

Answer:

V(t) = $ 1.5 billion for 2007

V(t) = $1.5 billion, 295 million. For 2012

Doubling time = t = 177.69 yrs

Explanation:

a).

V(t) = 1.5e^(0.039t)

For the first year 2007, t= 0

V(t) = 1.5e^(0.039*0)

V(t). = 1.5e^0

V(t) =. 1.5*1 = 1.5

V(t) = $ 1.5 billion for 2007

For 2012 that is 5 years after,t= 5

V(t) = 1.5e^(0.0039*5)

V(t) = 1.5e^ (0.0195)

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V(t) = 1.5295

V(t) = $1.5 billion, 295 million.

b). Doubling time is when the value of the export is 1.5 *2 =$ 3 billion

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2 = e^0.0039t

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7 0
3 years ago
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aniked [119]

Answer:

The Current and Acid Test ratios help show whether a company will be able to pay of its current obligations with its current assets.

<h2>Current Ratio:</h2>

Camero :                                                                        GTO

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4 0
2 years ago
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Mrrafil [7]

Answer:

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Explanation:

Note: There are errors as date and name inconsistency in the requirements in this question. The requirements are therefore correctly stated before answering the question as follows:

(a) Prepare a statement of cash flows for the year 2020 for Ayayai Inc.

(b) Prepare the balance sheet as it would appear as of December 31, 2020.

The explanation of the answer is now provided as follows:

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Note: See part (a) of the attached excel file for the statement of cash flows for the year 2020 for Ayayai Inc.

In the attached excel file, we have:

Increase in cash = $50,200

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Note: See part (b) of the attached excel file for the balance sheet as it would appear as of December 31, 2020.

In the attached excel file, we have:

Total Assets =  Liabilities and Stockholders' Equity = $298,900

Download xlsx
8 0
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