User Account

All Pages

How much is the capital credit of Z upon his admission

Assignment Help Accounting Basics
Reference no: EM133049258

Question - X and Y have capital balances of P150,000 and P180,000, respectively. Z is to invest P60,000 for 15% in the partnership interest and also in the profit and loss. There is an undistributed net income in the amount of P80,000. Partners X and Y share profit and loss 65:35.

Required -

1. How much is the capital credit of Z upon his admission?

2. How much is the bonus to partner X from partner Z?

Reference no: EM133049258

Questions Cloud

What are your thoughts on sports tourism : 1. What are your thoughts on sports tourism? 2. Do you have sports tourism in your state, region or country?
What amount of consignment sales revenue should be reported : Regal Appliances consigned 60 television sets to Gal Company on January for sale at P10,800 each. What amount of consignment sales revenue should be reported
Levels of economic integration : What are the five (5) levels of economic integration? Enumerate and discuss each starting from the least integrated to the most integrated.
ACCG2000 Management Accounting Assignment : ACCG2000 Management Accounting Assignment Help and Solution, Macquarie University - Assessment Writing Service
How much is the capital credit of Z upon his admission : X and Y have capital balances of P150,000 and P180,000, respectively. How much is the capital credit of Z upon his admission
Compute the annual margin of safety in units : Brewer Corporation estimated its quarterly break-even sales for 2017 to be 45,800 units, Compute the annual margin of safety in units
Elements of the organizational structure : Q1: Specifically, five major elements of the organizational structure? What are those five elements? Please list and describe all five of them.
How are cash equivalents reported in financial statements : Sarbanes-Oxley, Internal Control, and Cash- How are cash equivalents reported in the financial statements? Please list two examples of cash equivalents
Cost analysis in the technology industry : A subsidiary of Elektra Electronics has developed new software that allows Windows-based personal computers to run all Apple

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