FOOD;

Seth and Rachel have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership i

dimulka [17.4K]

Answer:

D. $8,000.

Explanation:

*Net loss is considered as the amount to be allocated between partners on equal sharing ratio. Otherwise the net allocated amount will be 76,000 ( -16000-5000-10000-27000-18000) net loss and Seth's share will be -38,000 (76000/2) . Question has no option of this amount.

Statement of Partners Equity

For the Year end MM-DD-YY

Seth Rachel

$ $

Beginning Capital balance = 0 0

Investment by partners = 50,000 100,000

interest Allowance = 5000 10,000

Salary Allowance = 27000 18,000

Net loss Allocated = (8,000) (8,000)

Ending capital balance = 74,000 120,000

8 0

3 years ago

Modern Federal Bank is setting up a brand-new branch. The cost of the project will be $1.2 million. The branch will create addit

KonstantinChe [14]

Answer:

23.12%

Explanation:

Internal rate of return (IRR) is the rate at which the Net present value (NPV) of a project equals to zero.

Using a financial calculator and the CF function, input the following to find IRR;

Initial investment; CF0 = -1,200,000

Yr1 cashflow inflow ; C01 = 235,000

Yr2 cashflow inflow ; C02 = 412,300

Yr3 cashflow inflow ; C03 = 665,000

Yr4 cashflow inflow ; C04 = 875,000

Then key in IRR CPT = 23.119%

Therefore, the Internal rate of return this expansion is 23.12%

3 0

3 years ago

A model of sea ice coverage is made with sketches and diagrams. it shows that ice cover increased in the antarctic and decreased

yaroslaw [1]

This would be a conceptual model.

3 0

3 years ago

Read 2 more answers

Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Inter

algol13

Answer:B. Amanda must advise Sean and Dianne promptly of the inaccuracy and the consequences provided by Internal Revenue Code and Regulations.

Explanation:

Sean and Dianne have probably engaged Amanda at the end of the tax year and they are to face implications of the transactions as it relates to tax matters, Amanda is to provide them with legislation in relation to the matter to educate them in future tax transactions.

8 0

3 years ago

Which action will help increase a low FICO score?

Andreas93 [3]

Reducing credit card balances is the action will help increase a low FICO score.

The FICO mortgage score is between 300 and 850. Higher scores indicate lower credit risk. Each individual actually has 65 credit scores for the FICO scoring model because each of three national credit bureaus, Equifax, Experian and TransUnion, has its own database.

8 0

3 years ago