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A,B and C are partners eachinvesting respectively $30,000, $25,000 and$15,000.A and B are each received10% of the total profits after A has receiveda salary of $2,000 and the remaining profit is to be divided inproportion to their capital. Interest on capital at 10% per annumis also to credited to each partner. The profits of the business ina certain years are $30,000. What is each partner'sshare?
A machine cost $25,650 and its scrap/salvage value is $500 aftera useful life of 10 years . Calculate.
The annual rate of depreciation, if the reducing balance methodof depreciation is to be used.
The book value at the end of the Sixthyear.
In two year you need to earn 3000$ if you get an interest rateof 15.75% compound annually, how much do you need to invest now
a. What is the pension expense that Rapley Enterprises should report for 2013 b. What is the amount that Rapley Enterprises should report as its pension liability on its balance sheet as of December 31, 2013
Explain through a real world example of how accounting and budgeting information can contribute to, and support , effective strategic decision making.
Manufacturing overhead applied to Work in Process for month was $69,450 and manufacturing overhead transferred from Finished Goods to Cost of Goods Sold through the month was $69,450.
Daniel's marginal tax rate is 35% and he has $120,000 of other capital gains (taxed at 15 %), evaluate the tax savings from the special tax treatment?
How does one determine whether a particular lease is a capital lease or an operating lease? What entries are required in the general journals of a government fund and governmental activities at the government-wide level to record a capital lease a..
Calculate the fair value of the controlling interest and the noncontrolling interest in Magnolia as of January 1, 2009 and prepare a schedule for allocating the excess of investment cost (fair value) over the book value.
ShurShot Sports gets a special order for 10,600 basketballs at $29 each from Greek Basketball Association (GBA). Acceptance of order would increase variable selling and administrative expenses
The Department of Defense moved funds from the Overseas Contingency Transfer Account to the Army's Military Personnel appropriation to cover extra costs associated with deploying troops unexpectedly to Afghanistan.
Discuss the difficulties associated with allocating overhead costs in the contemporary manufacturing environment and identify strategies that firms can adopt to help make their overhead allocations more accurate and reliable.
Compute the on-time saving amount when you can earn 1% each day from the stock market, Suppose you can trade 250 times each year.
What is the incremental income associated with accepting the special order? Evaluate the incremental revenue associated with accepting the special order?
Calculate the sales-volume variance for each product and in total and calculate the sales-mix variance for each product and in total.
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