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The partnership agreement of Nieto, Keller, and Pickert provides for the following income ratio: (a) Nieto, the managing partner, receives a salary allowance of $54,000, (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were: Nieto $300,000, Keller $600,000, and Pickert $900,000. If partnership net income is $270,000, the amount distributed to Nieto should be?
the units of an item available or sale during the year were as follows jan 1 inventory 27 units at 600 feb 4 purchase
1. What effects does stock-based compensation have on the financial statements of an entity? 2. How does this affect the investor's opinion of a company? 3. What advantages or problems due to you see with this type of payment?
lizzys lemonade issues 7 15-year bonds with a face value amount of 90000 for 82219 priced to yield 8. interest is paid
Immediately after Adam's admission to the partnership, Leah sells one-fourth of her interest to Denton for $35,000. Journalize the entry to record this transaction.
Let's discuss the various capital budgeting methods most often used, such as the payback method, the accounting rate of return, net present value, and internal rate of return. Which of these methods are discounted and which are not? What are some ..
All of the Information you need for the Project is located in this Workbook.There are 10 Sheets in the Workbook including this one.
Examine the major factors which impact a company’s decision of whether to pay the dividend and determine what you believe is the most significant driver of the decision.
golden star company manufactures and sells a unique product that has been quickly accepted by the consumers. the
when computing the amount of tax to be withheld from an employees salary can tax credits under the ordinance to which
Emerson produces all of its toasters in a single plant. Normal activity is 45,000 units per year. Standard overhead rates are computed based on normal activity measured in standard direct labor hour. During the year, Emerson experienced the follow..
Select two aspects of a performance appraisal from the following list. In at least 250 words, explain the following: what are the special challenges in each area and what would be the effects on employees and employers if the challenges were not a..
stock in dragula industries has a beta of 1.1. the market risk premium is 7 percent and t-bills are currently yielding
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