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3 years ago

Which act governors partnership firm??

Business

2 answers:

Luda [366]3 years ago

7 0

Answer:

The Indian Partnership Act, 1932

The Indian Partnership Act, 1932 governs and regulates partnership firms in India. The persons who come together to form the partnership firm are knowns as partners. The partnership firm is constituted under a contract between the partners

Explanation:

miskamm [114]3 years ago

3 0

Answer:

Partnership firms in India are governed and regulated by the Indian Partnership Act, 1932. Partners are the individuals that join together to form a partnership firm. A contract between the partners establishes the partnership firm.

Explanation:

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During January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the

ivanzaharov [21]

Answer:

Inventory $200,000

Cash $50,000

Notes payable $150,000

Explanation:

Data provided in the question:

Cost of the inventory purchased = $200,000

Amount paid in cash = one-fourth

= one-fourth of $200,000

= $50,000

For the remaining balance signed a note i.e = $200,000 - $50,000

= $150,000

Now,

This transaction will be recorded as:

Inventory $200,000

Cash $50,000

Notes payable $150,000

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4 years ago

Explain the acronyms B2B, B2C, B2G and C2C. Provide at least one example for each.

horrorfan [7]

Answer:

1. B2B refers to Business to Business transactions.

Here businesses engage in buying and selling transactions of goods and services amongst themselves. An example includes Wholesalers selling to Retail stores.

2. B2C refers to Business to Customer transactions.

This is when the business sells directly to the customer thereby cutting out the need for the Middlemen. It is the term that online retailers fall under as they sell directly to customers from their websites.

An example therefore is ordering from Amazon.

3. B2G refers to Business to Government transactions.

This includes the business transactions between the businesses and the Government be it Federal, State or Local level. Here businesses bid on the services that the government wants provided and the Government chooses the best alternative. An example is Boeing building B-52 Bombers for the US Armed Forces.

4. C2C refers to Customer to Customer transactions.

These transactions occur when people sell their goods and services directly to one another. This can happen when they post their wares online and other individuals buy it from there.

An example would be eBay where people post their goods and others buy it.

5 0

4 years ago

Titan Mining Corporation has 6.3 million shares of common stock outstanding, 220,000 shares of 3.6 percent preferred stock outst

Shkiper50 [21]

The firm’s market value capital structure is $503,910,000.

The rate the firm should use to discount the project’s cash flows is 9.33%.

We will begin by finding the market value of each type of financing. We find:

Market value of debt = MVD = 105,000*($1,000)*(1.07) = $25,750,000

Market value of preferred cost = MVP = 220,000*($83) = $18,260,000

Market value of equity = MVE = 6,300,000*($73) = $459,900,000

And the total market value of the firm is:

V = $25,750,000 + 18,260,000+ 459,900,000

V = $503,910,000

So, the market value weights of the company's financing are:

D/V = $25,750,000/$503,910,000 = 0.0511

P/V = $18,260,000/$503,910,000 = 0.0362

E/V = $459,900,000/$503,910,000 = 0.9127

For projects equally as risky as the firm itself, the WACC should be used as the discount rate.

First, we can find the cost of equity using the CAPM. The cost of equity is:

RE = .031 + 1.15(.071)

RE = 0.1030, or 10.03%

The cost of debt is the YTM of the bonds, so:

P0 = $1,070 = $26.50(PVIFAR%,34) + $1,000(PVIFR%,34)

R = 2.228%

YTM = 2.228% × 2

YTM = 4.46%

And the aftertax cost of debt is:

RD = (1 - .22)(.0446)

RD = .0348, or 3.48%

The cost of preferred stock is:

RP = $3.60/$73

RP = .0493, or 4.93%

Now we can calculate the WACC as:

WACC = 0.0511(.0348) + 0.0362(.0493) + 0.9127(.1003)

WACC =0.0933, or 9.33%

Hence, The firm’s market value capital structure is $503,910,000.

The rate the firm should use to discount the project’s cash flows is 9.33%.

Learn more about equity valuation:

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7 0

2 years ago

Bush Company reported net income of $60,000 for the year. During the year, accounts receivable decreased by $8,000, accounts pay

steposvetlana [31]

Answer:

C) $77,000

Explanation:

‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.

Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement.

Examples: Revenue earned, expenses incurred etc.

There are two methods to prepare the cash flow statement. The only difference between both the methods is the way of presenting cash flow from operating activities.

The two methods of presenting cash flow statement are:

1. Direct method: Operating activities section under direct method reports the amount of cash received and paid by the company during the period.

2. Indirect method: Operating activities section under indirect method reports the net income and later adjusts the transactions to convert it to cash basis of accounting.

Cash flow statement has been attached below:

7 0

3 years ago

XYZ, Inc. just paid an annual per share dividend of $3.50. Dividends are expected to grow at a rate of 3% per year from here on

Agata [3.3K]

Answer:

P0 = $42.4117 rounded off to $41.41

Explanation:

Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g) / (r - g)

Where,

D0 is the dividend paid recentl

D0 * (1+g) is dividend expected for the next period /year

g is the growth rate

r is the required rate of return or cost of equity

First we need to calculate the required rate of return on this stock using CAPM.

Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.

The formula for required rate of return under CAPM is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free rate

rpM is the market return

r = 0.025 + 2 * (0.07 - 0.025)

r = 0.115 or 11.5%

Using the constant growth of dividend formula,

P0 = 3.5 * (1+0.03) / (0.115 - 0.03)

P0 = $42.4117 rounded off to $41.41

3 0

3 years ago

Which act governors partnership firm??​

Which act governors partnership firm??