User Account

All Pages

What amount will credited for Ms beginning capital balace

Assignment Help Accounting Basics
Reference no: EM132481934

Question - A, B, and C are partners with capital balances of $50,000, $30,000 and $20,000 and who share in the profit and loss of the ABC partnership 30%, 20%, and 50%, respectively, when they agree to admit M for a 20% interest. M contributes $38,000 to the partnership and the bonus method is used. What amount will be credited for M's beginning capital balance?

a. $25,000

b. $32,600

c. $38,000

d. $20,000

e. $27,600

Reference no: EM132481934

Questions Cloud

Review problem based on a big data analytics project : As part of the operationalizing a Big Data Analytics project, which deliverables would you expect to socialize with a business intelligence analyst.
What is the duration of a 2-year t-note : What is the duration of a 2-year T-note, paying a coupon rate of 6% p.a., trading at a yield to maturity of 4% p.a. semi-annual compounding?
What amount should appear on the consolidated balance sheet : Portnoy bought Sandler's bonds for $98,000. What amount(s) that should appear on the consolidated balance sheet of Portnoy
What is the forward price of a 3-month forward contract : If the 3 month risk-free rate is 5% p.a. semi-annual compounding, what is the forward price of a 3-month forward contract to buy one share of Apple?
What amount will credited for Ms beginning capital balace : M contributes $38,000 to the partnership and the bonus method is used. What amount will be credited for M's beginning capital balance
What is the average collection period-miyagi data : Miyagi Data, Inc., sells earnings forecasts for Japanese securities. Its credit terms are 1/30, net 40. Based on experience, 65 percent of all customers will ta
Identify a capital budgeting project : Identify a capital budgeting project of your choice to conduct a full CBA.
How much Baltimore Company should report for investment : Baltimore Company purchased 5,000 shares of the stock. How much Baltimore Company should report for its investment in Towson Company on December 31, 2018
Improve inventory turnover and customer satisfaction : You work for a made-to-order clothing company, whose reputation is based on its fast turnaround from order to delivery. The owner of your company is considering

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