Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Red and Blue partnership has been created to operate a law firm. The partners have been attempting to devise a fair system to allocate profits and losses. Red plans to work more billable hours each year than Blue. However, Blue has more experience and can charge a higher hourly rate. Red expects to invest more money in the business than Blue. Required Build a spreadsheet that can be used to allocate profits and losses to these two partners each year. The spreadsheet should be constructed so that the following variables can be entered: Net income for the year. Number of billable hours for each partner. Hourly rate for each partner. Capital investment by each partner. Interest rate on capital investment. Profit and loss ratio. Use this spreadsheet to determine the allocation if partnership net income for the current year is $200,000, the number of billable hours is 2,000 for Red and 1,500 for Blue, the hourly rate for Red is $20 and for Blue is $30, and investment by Red is $80,000 and by Blue is $50,000. Interest on capital will be accrued each year at 10 percent of the beginning balance. Any remaining income amount will be split 50-50. Use the spreadsheet a second time but make these changes: Blue reports 1,700 billable hours, Red invests $100,000, and interest will be recognized at a 12 percent annual rate. How do these three changes impact the allocation of the $200,000?
stone creek manufacturing applies overhead to products at a rate of 75 of direct labor cost. applied manufacturing
material cost variances use of variances for performance evaluation. katharine stanley is the owner of better bikes a
1. A loan was repaid in five years by end-of-quarter payments of $1,200 at 9.5% compounded semi-annually. How much interest was paid?
if preparation of a periodic scrap report is essential in order to maintain adequate control over the manufacturing
question nbsptupper and tolin have decided to form a partnership to provide environmental testing services to industry.
If Discount Electronics used the specific identification method instead of the FIFO method, what would Bargain's cost of goods sold be if the company wished to maximize earnings?
pillar steel co. which began operations on january 4 2011 had the following subsequent transactions and events in its
Assume that COGS is a variable cost and that operating expenses are a fixed cost. What is budgeted operating income for 20X9?
Redemption of bonds
a portion of the stockholders equity section from the balance sheet of walland corporation appears as follows preferred
1.on january 1 2012 oakbasket company issued bonds with a face value of 800000. the bonds carry a stated interest of 7
Create a flowchart for this? "Company maintains a perpetual inventory system. Clerks in the accounting department post the data manually from receiving reports, material requisition forms
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd