What is the share of Rodriquez on the partnership profit

Assignment Help Accounting Basics
Reference no: EM132791485

Question - On March 1, 2016, Felipe Opiso formed a partnership with Ferdinand Rodriguez and made the following contributions:

Cash P350,000

Non- Cash 100,000

At year end, Opiso received a share of P32,000 on the P80,000 profit. What is the share of Rodriquez on the partnership profit?

Reference no: EM132791485

Questions Cloud

Write a short memo explaining the tax policy to a client : Write a short memo explaining the tax policy to a client. Laurie, a clerk who works in the City of Orillia Municipal office, purchased a waterfront
Children respond well to rhymes and narratives : "Children respond well to rhymes, narratives, and verse, which makes for enjoyable reading and movement experiences.
Discuss about a notable man of omega : You are to write a 500 word essay about a notable man of Omega. Explain why you have chosen to write about him, and how his accomplishments have impacted.
How much would the component cost of debt used : Keys Printing plans to issue a $1,000 par value, By how much would the component cost of debt used to calculate the WACC change if the new tax rate was adopted?
What is the share of Rodriquez on the partnership profit : At year end, Opiso received a share of P32,000 on the P80,000 profit. What is the share of Rodriquez on the partnership profit
How does having belief system provide psychological comfort : The major world religions have answered, or at least attempted to answer, the following metaphysical questions: How does having a belief system provide.
Make a budgeted income statement for the month of november : Make a budgeted income statement for the month of November assuming a 30% income tax rate. Selling and administrative expenses 322,000
Did dock ellis lead a just or unjust life : Who is Dock Ellis? After reading about the effects of different drugs including LSD and uppers like the methamphetamines that Dock Ellis took.
What will be the impact on common stock : If the firm declares a 10% stock dividend and a $0.06 per share cash dividend, what will be the impact on Common stock on the above equity account

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd