User Account

All Pages

What is cotton capital balance after this new investment

Assignment Help Accounting Basics
Reference no: EM132350876

Question - Bishop has a capital balance of $120,000 in a local partnership, and Cotton has a $90,000 balance. These two partners share profits and losses by a ratio of 60 percent to Bishop and 40 percent to Cotton. Lovett invests $60,000 in cash in the partnership for a 20 percent ownership. The goodwill method will be used. What is Cotton's capital balance after this new investment?

$99,600

$102,000

$112,000

$126,000

Reference no: EM132350876

Questions Cloud

Discuss the issues that arise for organizations : Social Media Governance for organizations: Discuss the issues that arise for organizations and the private/personal social media accounts of their employees.
Describe different types of communication technology : Provide support for journeys-A/601/8025-Describe different types of communication technology that can support planning and making journeys safely.
Particularly the types of love within sternberg theory : Collect three popular definitions of love from poems, songs, films,or books (e.g., "Love is never having to say you're sorry").
Examining the relationship between age and self-disclosure : An experimenter is examining the relationship between age and self-disclosure. A large sample of participants that are 25 to 35 years old and participants
What is cotton capital balance after this new investment : Bishop has a capital balance of $120,000 in a local partnership, and Cotton has a $90,000 balance. What is Cotton capital balance after this new investment
How active participation promotes independence in the tasks : Support independence in the tasks of daily living-T/601/8637-How active participation promotes independence in the tasks of daily living.
Determine the double-declining-balance rate : A building acquired at the beginning of the year at a cost of $1,375,000. Determine the double-declining-balance rate
Clinical supervisor mandates that you get additional counsel : Your clinical supervisor mandates that you get additional counselor training on a technique in which you have already be trained Is this ethical? Explain
Cooperate fully with an investigation from an ethics : You cooperate fully with an investigation from an ethics committee. Are you behaving ethically? Explain

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