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Baggetta and Cohen have capital accounts of $20,000 and $40,000, respectively. The part ners divide net income in the following manner:
(1) Salaries of $10,000 to Baggetta and $12,000 to Cohen.
(2) Each partner receives 5% on his capital investment.
(3) The balance is divided in the ratio of 1 :2.
Determine the division of net income if net income is (a) $34,000; (b) $22,000.
questionsound audio manufactures and sells audio equipment for automobiles. engineers notified management in december
Compute the profit margin and return on stockholders equity of Will Company for the current year.
Likely level of equity financing and long-term debt - what is the likely level of its long-term debt and equity financing?
Prepare the journal entry to record the write-off. e) Repeat part (d) assuming that Lexington uses the direct write-off method instead of the allowance method in accounting for uncollectable accounts receivable.
Determine the date the note matures, and calculate how much interest expense is generated by this note, both for 2012 and 2013. OR must be entered in the format dcarnmm
ABC Company acquired some land (independently appraised at $12,000) and paid for it by issuing 1,000 shares of its common stock (par $10 per share; no market price was quoted). How should this transaction be reported on the Statement of Cash Flows (S..
Prepare cash budget for Jan to June - determine the cash surplus and shortages for each month and the company has a cash balance of $100,000 on January 1st, which is the minimum balance maintained each month.
This is my situation, I own a used car lot, I sold and report to Department of Revenue in sales the amount of $720.000 dollars.
Develop a BSC that is aligned to the key goal in the strategic plan, i.e. exceeding revenue of $25 million dollars by 2015. Develop, quantify and justify suitable key performance measurement criteria
Evaluate how does above bullet point affect Ora's audit report to Noved's Board of Directors and Jones's firm provided financial consulting services to Noved during 2009 and 2008, for which Noved paid just about $1,600 and $9,000, correspondingly.
cost classification into rampd design production marketing distribution customer service.classify each cost item of
question 1. bures jeep tours operates jeep tours in the heart of the colorado rockies. the company bases its budgets on
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