User Account

All Pages

How much is distributed to Conyers and Poodle

Assignment Help Accounting Basics
Reference no: EM132513612

Question -

1. Annual salary allowance to Poodle of 147,900.

2. Interest of 6% on each partners capital balance on Jan 1.

3 any remaining net income divided to Conyers and Poodle, 1:2.

Conyers and Poodle had $94,160 and $75,000, respectively, in their Jan 1 capital balances. Net income for the year was $255,000. How much is distributed to Conyers and Poodle? Compute shares to two decimal places.

Reference no: EM132513612

Questions Cloud

Briefly discuss the significance of prudence : Briefly discuss the significance of prudence, substance over form and measurement uncertainty on the usefulness of financial information.
Classify for cash flows falling under operating activities : The Company has profit before taxes of Rs 50 lacs. Classify and give reasons for the cash flows falling under the operating activities.
How much is Charlies current ratio : Revenues $101,000, and Salary expense $60,000. The note payable balance is due in nine months. How much is Charlie's current ratio
Reflect on your progress in gaining knowledge : Reflect on your progress in gaining knowledge, skills, attitudes, and identity of professional practice. Explore any concerns that arose and may.
How much is distributed to Conyers and Poodle : Net income for the year was $255,000. How much is distributed to Conyers and Poodle? Compute shares to two decimal places
How much income is classified as compensation income : How much is the total amount of income classified as income from profession and business? How much income is classified as compensation income
Have you been gratified or disappointed with your progress : Reflect on your development of professional identity as you transition from novice towards professional counselor. Have you been gratified or disappointed.
Find the total taxable income in the philippines would be : Find The total taxable income in the Philippines would be. Income from grocery store,Share in lotto winnings, Within Outside, Compensation.
Define how you can apply the concepts learned in the course : Discuss how you can apply the concepts learned in this course to your current or future career. How might the lessons you learned positively impact your career.

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