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Masja [62]
3 years ago
13

Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in t

he partnership toBrittney, for which Brittney will pay Mandy $85,000. Present the partnership’s journal entry to record the sale of Mandy'sinterest to Brittney on September 30.
Business
1 answer:
ddd [48]3 years ago
5 0

Answer:

Mandy Capital                                                Debit: 100,000

Brittney Capital                                               Credit: 100,000

Explanation:

The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.

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sensitivity analysis

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6 0
3 years ago
Grouper Corporation had 138,000 shares of stock outstanding on January 1, 2020. On May 1, 2020, Grouper issued 72,000 shares. On
velikii [3]

Answer:

183,450 shares

Explanation:

The computation of the weighted average number of shares is shown below:

January 1 to April = 138,000 shares  for 4 months = 46,000 shares

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Now weights average number of shares is

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7 0
3 years ago
Other dividend policy issues
umka2103 [35]

Answer:

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Dividends are paid from Retained Earnings which are derived from Net Income. If Net income increases therefore, so does the ability to pay Dividends.

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If there are more profitable opportunities for investment available, the business will invest in those opportunities. By doing so they will reduce the amount of cash that they have which is cash that could have been paid as dividends.

<u>The firm increases its debt ratio</u>. - Ability to pay Dividends Increase

As a result of the company borrowing more money, there will be more money left to pay out dividends so more dividends will be paid.

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Companies like Dernham that aim to please investors usually adopt a predictable, stable dividend policy every year so that the investors will have more faith in them and be sure of earnings every year. This will give them a higher rating with the investors.

4 0
4 years ago
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use the observed data to form a hypothesis about ice cream buying behavior.

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4 years ago
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