User Account

All Pages

Calculate the distribution of partnership net income

Assignment Help Accounting Basics
Reference no: EM132536061

Question - The A & B partnership has the following plan for the distribution of partnership net income (loss):

 

A

B

Salaries

$80,000

$100,000

Bonus on net income

6%

12%

Interest on average capital balance

7%

7%

Reminder (if positive)

60%

40%

Reminder (if negative)

50%

50%

Calculate the distribution of partnership net income (loss) for each independent situation below (for each situation, assume the average capital balance of A is $280,000 and of B is $480,000).

a) Partnership net loss is $80,000.

Reference no: EM132536061

Questions Cloud

Compute the price and efficiency variances : Actual purchases and usage for January 2017 were 11,000 pounds at $0.65 a pound. Compute the price and efficiency variances
Compare internal and external threats : Compare and Contrast Internal and External Threats and Associated Countermeasures. Must be at least two good paragraphs in length. Must include citation from.
Find why do organizations adjust the financial statements : Find Why do organizations adjust their financial statements? What are some common adjustments? What effect can adjustments have on an organization
Particular motivational theory : Discuss the pros and cons of using this particular motivational theory. Your reply should be detailed and provide the main elements of theory that you choose
Calculate the distribution of partnership net income : Calculate the distribution of partnership net income (loss) for each independent situation below - Partnership net loss is $80,000
What is the profitability index for the equipment : A company is considering,Management of the company requires a 12% return on investment. What is the profitability index for this equipment?
Define information technology roles and responsibilities : Review the strategic integration section. Note what strategic integration is and how it ties to the implementation of technology within an organization.
Determine probabilities of selling product in each of months : Determine the probabilities of selling products in each of the months, then how many units are expected to be sold in each of the first three months?
How the security professional would approach : For this assignment, provide insight and details regarding each of these three concepts and appropriate examples regarding how the security professional would.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd