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Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net loss of $6,000 is allocated to Xavier?
leon plans to save 300 per month towards retirement at the beginning of each month. how much would he have at the end
Assume the marina operator is unsophisticated in business. Explain the managerial significance of the accounting above to this person.
compute the unit product costs for one gamelan if company uses absorption costing and variable costing.ida sidha karya
Lindy Corporation owns a 40% interest in Belair Company, acquired several years ago at a cost equal to book value and fair value. Belair sells merchandise to Lindy for the first time in 2003. In computing income from the investee for 2003 under th..
order up inc. provides order fulfillment services for dot.com merchants. the company maintains warehouses that stock
Quark Spy Equipment manufactures espionage equipment. Quark uses a job-order cost system and applies overhead to jobs the basis of direct labor-hours. Prepare journal entries to record Quark's transaction for the month of January. Do not close out..
suppose you are a financial advisor and your client who is currently investing only in the u.s. stock market is
helix company produces several products in its factory including a karate robe. the company uses a standard cost system
ken paid the following amounts for interest during
a consol perpetual bond pays pound50.00 at the end of each year. if the market interest rate is 8.25 what is the
many accounting writers have emphasized the effect that the can have on managerial incentives to overproduce. when
Abacus, Inc., purchased inventory costing $95,000. Terms of the purchase were 3/10, n/30. Abacus uses a perpetual inventory system. In order to take advantage of the cash discount.
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