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Ray Davies and Dave Davies formed a partnership, investing $750,000 and $220,000 respectively. The partnership agreement calls for a return of 6% interest on their original investment, Ray is to have a salary of $80,000 per year, Dave is to have a salary of $120,000 and the remainder divided in the ratio of 2:1. Determine the income distribution if the net income of the partnership for the year is $650,000.
green systems sold and delivered modems to blue computers for 660000 to be paid by blue in three equal installments
use the information in brief exercise 25.2 to compute the roi for the pennsylvania factory using total assets and
fat cat furniture store sells two types of products cat beds and scratching posts. over the past year fat at sold 6000
Terry pays $8,000 this year to become a charter member of Mammoth University's Athletic Council. The membership ensures that Terry will receive choice seating at all of Mammoth's home basketball games. In addition, Terry pays $2,200 (the regular r..
alpha company had the following account balances for 2013 dec. 31 jan. 1 accounts receivable 40500 31500 accounts
Emerson Electronics had the following information related to its September inventory. Sales were made at $20 per unit and Emerson uses the perpetual inventory system. What is the value of ending inventory under FIFO?
Suppose that the Lai Jean Co. expects before tax earnings of 5 million this coming year, assuming no liability losses. However, there is a 2 percent chance that Lai will lose a $10 million lawsuit during the year.
ideas inc. uses the perpetual inventory method. last month archer supply returned 1000 frames to ideas that were
gore manufacturing incurred the following costs during the year direct materials 24 per unit direct labor 15 per unit
The company used 1,000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $630,000. The budgeted machine hours for the year totaled 20,000. How much overhead should be applied to Job No. B12?
Prepare the journal entries to record the depot and theasset retirement obligation for the depot on January 1, 2007. Basedon an effective interest rate of 6%, the present value of the asset retirement obligation on January 1, 2007, is $41,879.
a popular product of loring glassworks is a hand-decorated vase.the companys standard cost system calls for .75 hours
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