Reference no: EM131118452
At April 30, partners' capital balances in YBG Company are: Younger $30,000, Beyer $16,000, and Giger $10,000. The income-sharing ratios are 5:3:2, respectively. On May 1, the YBGE Company is formed by admitting Edelman to the firm as a partner.
Instructions
(a)Journalize the admission of Edelman under each of the following independent assumptions.
(1)Edelman purchases 50% of Giger"s ownership interest by paying Giger $4,000 in cash.
(2)Edelman purchases 50% of Beyer"s ownership interest by paying Beyer $10,000 in cash.
(3)Edelman invests $29,000 cash in the partnership for a 40% ownership interest that includes a bonus to the new partner.
(4)Edelman invests $24,000 in the partnership for a 20% ownership interest, and bonuses are given to the old partners.
(b)Beyer"s capital balance is $25,000 after admitting Edelman to the partnership by investment. If Beyer"s ownership interest is 25% of total partnership capital, what were (1) Edelman"s cash investment and (2) the total bonus to the old partners?
Business to competitors undercutting pricing
: You are the Vice President of Marketing. Over the past week you have received calls from 5 of the 8 regional sales directors indicating they have lost business to competitors undercutting pricing.
|
How do you keep others from invading your strategic position
: How can you BETTER KNOW (LOGICALLY SUPPORT OR ‘PROVE') that you actually developed a good strategy that is: 1) A unique position (a unique specific fit), 2) Excludable (keeps others from taking away your advantage) and 3) Sustainable over a long t..
|
Describe the product offering and product strategy
: This section is the heart of the marketing mix and should describe the product offering and product strategy. The product includes not only the physical unit but also its product depth and breadth of the line/service, package, warranty, after-sale..
|
Prepare strategy-evaluation report
: Prepare a Strategy-Evaluation Report for PepsiCo Purpose This exercise can give you experience locating strategy-evaluation information. Use of the Internet coupled with published sources of information can significantly enhance the strategy-evaluati..
|
Admitting edelman to the firm as a partner
: At April 30, partners' capital balances in YBG Company are: Younger $30,000, Beyer $16,000, and Giger $10,000. The income-sharing ratios are 5:3:2, respectively. On May 1, the YBGE Company is formed by admitting Edelman to the firm as a partner.
|
Rearrange the sentences into the correct order
: Instructions: Use the following sentences to write a paragraph. You must rearrange the sentences into the correct order in a paragraph so there is unity
|
Role of marketing manager
: Assume the role of Marketing Manager. Select a product (good or service) that is sold in the United States and has sales opportunities in a foreign market. Apply your critical thinking skills and the knowledge you have acquired throughout this cou..
|
How manufacturing or service processes value stream mapping
: Identify stakeholders and plan how manufacturing or service processes use value stream mapping. What is the benefit and why do companies do it? How would a company measure improvements?
|
What is the impact of philosophy and history
: What is the impact of philosophy, history, litigation, or legislation on the understanding of learning disabilities (LD), its definition, identification practices, and prevalence? Use specific examples to illustrate your point.
|