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Natali5045456 [20]
3 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:
wel3 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

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PB3.
astraxan [27]

Answer:

The unit costs are $ 4.87 for 70 % Conversion Costs

The unit costs are $ 5.54 for finished goods

Explanation:

Total Materials cost = $ 115,080

Material Costs  for one unit= $ 115,080/ 34000= $ 3.3847= $ 3.39

Conversion Costs= $ 72,072

Conversion Costs for one unit = $ 72072/34000 * 70%= $ 1.4838= $ 1.48

Total Cost per unit= $ 3.39 + $ 1.48= $ 4.87

Process Cost summary

Quantity Schedule

Materials = ($3.39 *34,000)=                   $ 115,080

Cost Added by Department:                     Total Cost             Unit Cost

Materials=                                                  $ 115,080                $ 3.39

Conversion Costs

Labor + Overheads ( 1.48 * 34,000)=       $ 50,320               $ 1.48

Units still in process ($ 72072- $ 50320) = $ 19,752              $0.58

Total cost to be accounted for                   $ 187,152                $ 5.54

3 0
3 years ago
With increased access to wireless technology and lighter​ weight, the demand for tablet computers has increased substantially. T
lakkis [162]

Answer: The answer is as follows:

Explanation:

(1) When the consumers buy tablet computers, so this exchange will be occurs in the product market because there is a exchange of goods and services between the two parties that the buyer of tablet computers and seller of the same. Product market refers to the market at which there is a buying and selling of goods and services.

(2) Whereas the resources that are used to produce the tablet computers are bought and sold in the factor market. Factor market refers to the market in which there is a buying and selling of inputs that are used to produce certain products.

4 0
3 years ago
This abbreviation represents social security payments taken on a paycheck.
lyudmila [28]

The answer is FICA.

FICA stands for Federal Insurance Contributions Act, which includes money that is taken out if your paycheck for social security and Medicare.

3 0
3 years ago
During 2021, Jasmine, a self-employed individual, paid the following amounts: State income tax $2,400 State sales taxes 2,950 St
dsp73

Answer:

3350

Explanation:

Since state sales tax is larger than state income you will lose that and add your personal property tax of 400 to your deduction.

2950+400= 3350

8 0
2 years ago
_____ involves looking at all the influences that could affect employee performance in the organization and determining their fi
Maru [420]

Answer: Organizational analysis

Explanation: Organizational analysis involves looking at all the influences that could affect employee performance in the organization and determining their fit within organizational goals and objectives.

5 0
3 years ago
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