1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali5045456 [20]
2 years ago
12

Jell and dell were partners with capital balances of 600 and 800 and an income sharing ratio of 2:3. They admitted zell with a 3

0% interest in the partnershipand the total amount of goodwill credited to the original partners was 700. What amount did zell contribute to the business?
Business
1 answer:
wel2 years ago
4 0

Answer: $900

Explanation:

The Total Capital of the company before Zell was admitted was;

= Capital balances + Goodwill

= 600 + 800 + 700

= $2,100

If they admitted Zell in with a 30% interest, this means that the $2,100 is equivalent to 70% of the company's capital.

If that is the case then Total capital is;

= 2,100/ 70%

= $3,000

Zell's contribution is;

= 30% * 3,000

= $900

You might be interested in
The projected benefit obligation was $440 million at the beginning of the year. Service cost for the year was $48 million. At th
balu736 [363]

Answer:  $47 million

Explanation:

Pension expense arises as a result of the amounts owed to employees in relation to pension liabilities.

It is calculated by;

= Service Cost + Interest expense - Expected return on plan assets +  Amortization of prior service cost + Amortization of net loss

= 48 + ( 440 * 5%) - 23

= $47 million

7 0
2 years ago
An investor bought a one-acre lot on the outskirts of a city for $12,700 cash. Each year she paid $175 of property taxes. At the
german

Answer:

79.5%.

Explanation:

Rate of return = \frac{final value - initial value}{initial value} x 100

The cost of the acre = $12700.

Total property taxes paid for 7 years = $175 x 7

                                                             = $1225

Net value of cost = $12700 + $1225

                             = $13925

Net value of the land when sold = $25000

∴ Rate of return = \frac{25000 - 13925}{13925} x 100

                          = 0.7953 x 100

                          = 79.53%

The rate of return of the acre of land is 79.5%.

7 0
2 years ago
During the sensorimotor stage of cognitive development, the child:
Lina20 [59]

Answer:

The correct answer is d.

Explanation:

This stage extends from birth to the acquisition of the individual's language. Children build step-by-step knowledge and understanding of the world by coordinating experiences (such as sight and hearing) related to physical interaction with objects (such as grabbing and stepping).

The development of the permanence of the object is one of the characteristic achievements of this stage. Object permanence is the child's understanding that objects continue to exist even though he or she cannot perceive them.

Have a nice day!

4 0
2 years ago
Why is gossiping at the workplace unprofessional?
Amanda [17]
Gossiping at the workplace is unprofessional because it is passing rumors about other employes or other people maybe even your boss.
6 0
3 years ago
Read 2 more answers
Thái độ của người lao động ảnh hưởng như thế nào đến hiệu quả của tổ chức?
blsea [12.9K]
Gfgucugcuyfuyf ughh bjbjhj tytyty p pleaseee frick. meee hihuhuhu yaaa
3 0
2 years ago
Read 2 more answers
Other questions:
  • Which four ethical norms are often used by companies to help individuals make ethical decisions?
    8·2 answers
  • Dollar shave club asks men to "shave money, shave time" in its commercials; it offers high-quality blades available by mail for
    10·1 answer
  • A business is concerned with many day-to-day activities. Some of the most important of these activities are the planning and dev
    14·1 answer
  • On October 17, Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $435,000 while the
    11·1 answer
  • Gulmirah, a small underdeveloped country, has an adult population of 16.8 million, and the remaining 13.75 million of the popula
    6·1 answer
  • What factors affect the time value of money and the cost of borrowing money?
    6·1 answer
  • Which of the following teams is more likely to be made up of employees from about the same hierarchical level but different work
    11·1 answer
  • When Callie developed a detailed description of her ideas for a gym and asked for feedback from women about the proposal, she wa
    13·1 answer
  • Soul is a music genre that evolved from the songs made out of loneliness by​
    10·1 answer
  • Whenever Congress has a perceived need for ongoing control of an economic activity, it has tended to create a a. regulatory agen
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!