Business

Business, 12.09.2019 03:30, toddb4955

Benson and orton are partners who share income in the ratio of 2: 3 and have capital balances of $60,000 and $40,000, respectively. ramsey is admitted to the partnership and is given a 10% interest by investing $20,000. what is orton's capital balance after admitting ramsey?
a. $16,000
b. $20,000
c. $44,800
d. $35,200

answer

Answers: 3

Show answers

Similar questions

Предмет

Business, 20.09.2019 00:20, dyp

Paul and roger are partners who share income in the ratio of 3: 2. their capital balances are $90,000 and $130,000, respectively. the partnership generated net income of $50,000 for the year. what is roger's capital balance after closing the revenue and expense accounts to the capital accounts?

Answers: 1

Предмет

Business, 28.09.2019 04:00, jjaheimhicks3419

Tucker and titus are partners who share income in the ratio of 3: 1. their capital balances are $40,000 and $60,000, respectively. income summary has a credit balance of $40,000 after the second closing entry. what is tuckers capital balance after closing income summary to the capital accounts?

Answers: 1

Предмет

Business, 01.10.2019 23:30, sav0119

Patty and paul are partners who share income in the ratio of 3: 2. their capital balances are $90,000 and $130,000, respectively, on january 1. income summary has a credit balance of $40,000 at the end of the year. what is paul’s capital balance after closing income summary to the capital accounts? group of answer choices

Answers: 2

Предмет

Business, 02.11.2019 04:31, angelaOR

Caitlin, chris, and molly are partners and share income and losses in a 3: 4: 3 ratio. the partnership’s capital balances are caitlin, $120,000; chris, $80,000; and molly, $100,000. paul is admitted to the partnership on july 1 with a 20% equity and invests $160,000. the balance in paul’s capital account immediately after his admission is: (a) $140,400 (b) $99,600 (c) $107,200 (d) $160,000 (e) $120,400

Answers: 1

Do you know the correct answer?

Benson and orton are partners who share income in the ratio of 2: 3 and have capital balances of $60...

Questions in other subjects:

Konu

Mathematics, 13.09.2019 03:20

Atriangle has a opposite of 10 and the angle is 47.1 you are trying to find the hypotenuse. it's a right triangle. how?...

Konu

Mathematics, 13.09.2019 03:20

Ineed asap! for a few questions of mine! find the slope of the line that passes through the following points. simplify your answer.(−6,9) and (−3,1)...

Konu

Health, 13.09.2019 03:20

which of these foods are often marketed as healthy, but may not be as good for you as advertisers claim? check all that apply....

Konu

Mathematics, 13.09.2019 03:20

Which of the following algebraic equations is equivalent to n√a=x? xn = a an = x ax = n xa = n...

Konu

Mathematics, 13.09.2019 03:20

David has a triangular kite. the inside frames of the kite are cm and an. segments cm and an are medians of triangle abc. if an=12 inches, how long is on if o is the point of inter...

Konu

Mathematics, 13.09.2019 03:20

Multiplying by 10 , 100 , 1000 just write the answer down picture below

Konu

Chemistry, 13.09.2019 03:20

The data in an experiment come from observing or measuring the question 5 options: a. independent variable b. control c. dependent variable d. experi...

Konu

Chemistry, 13.09.2019 03:20

A1000-kg car traveling at 66 m/s hits a 2000-kg car at rest and the two travel together after the collision. calculate the speed with which they move. v=_ _m/s

Konu

Health, 13.09.2019 03:20

What is the others definition?...

Konu

Geography, 13.09.2019 03:20

Name and explain 2 differences between qualitative maps and cartograms?...

Other tasks in the category: Business More task