Business
Business, 09.09.2019 21:10, kyleejokow

Abcd company is a general partnership. it consists of dianne, greg, knox, and laura, whose capital contributions were as follows: dianne, $5,000; greg, $7,500; knox, $10,000; and laura, $5,000. the partnership agreement provided that the partnership would continue for three years and that no withdrawals of capital were to be made without the consent of all the partners. the agreement also provided that all advances would be entitled to interest at 10 percent per year. six months after the partnership was formed, dianne advanced $10,000 to the partnership. at the end of the first year, net profits totaled $11,000 before any moneys had been distributed to partners. explain how the $11,000 should be allocated to dianne, greg, knox, and laura.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 15:40, jackie36390
There is a cost associated with each source of financing. discuss the cost of debt, preferred stock, common stock, and retained earnings in detail. which source of financing is typically less expensive? why? why do financial managers try to determine the optimal capital mix? be specific.
Answers: 1
image
Business, 21.06.2019 16:30, amanda2003teddy
What comprises a list of main points and sub-points of a topic to include in a presentation
Answers: 2
image
Business, 21.06.2019 23:30, jmsmith1218
Acompany is developing a new high­performance wax for cross country ski racing. in order to justify the price marketingwants, the wax needs to be very fast. specifically, the mean time to finish their standard test course should be less thanseconds for a former olympic champion. to test it, the champion will ski the course 8 times. the champion's times(selected at random) are 59.9 61.9 48.8 52.2 46.6 45.3 50.6 and 41.1 seconds to complete the test course. complete parts a and b below. a) should they market the wax? assume the assumptions and conditions for appropriate hypothesis testing are metfor the sample. assume=0.05. what are the null and alternative hypotheses? choose the correct answer below. b) suppose they decide not to market the wax after the test, but it turns out that the wax really does lower the champion'saverage time to less thanseconds. what kind of error have they made? explain the impact to the company of such anerror.
Answers: 2
image
Business, 22.06.2019 22:40, tonypewitt
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
Do you know the correct answer?
Abcd company is a general partnership. it consists of dianne, greg, knox, and laura, whose capital c...

Questions in other subjects: