Business
Business, 16.10.2019 22:00, elisesnelson

Hegg usie q is a cash-basis taxpayer, is a partner in s & p accounting services. as part of the partnership agreement, susie q is to receive 35% of the partnership’s profits or losses. the partners may each make withdrawals of $9,000 each month for living expenses. susie q withdrew $99,000 during the year as her monthly draw in 2019. last year susie q received $30,000 as her share of distributed 2019 profits. in october the partnership fell short on cash so susie q as her other partners was required to invest an additional $15,000 in the partnership. the partnership earnings before partners’ withdrawals for 2019 totaled $900,000. compute susie q’s gross income from the partnership for 2019

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 03:30, jonathanLV6231
Eagle sporting goods reported the following data at july ​31, 2016​, with amounts adapted in​ thousands: ​(click the icon to view the income​ statement.) ​(click the icon to view the statement of retained​ earnings.) ​(click the icon to view the balance​ sheet.) 1. compute eagle​'s net working capital. 2. compute eagle​'s current ratio. round to two decimal places. 3. compute eagle​'s debt ratio. round to two decimal places. do these values and ratios look​ strong, weak or​ middle-of-the-road? 1. compute eagle​'s net working capital. total current assets - total current liabilities = net working capital 99400 - 30000 = 69400 2. compute eagle​'s current ratio. ​(round answer to two decimal​ places.) total current assets / total current liabilities = current ratio 99400 / 30000 = 3.31 3. compute eagle​'s debt ratio. ​(round answer to two decimal​ places.) total liabilities / total assets = debt ratio 65000 / 130000 = 0.50 do these ratio values and ratios look​ strong, weak or​ middle-of-the-road? net working capital is ▾ . this means ▾ current assets exceed current liabilities current liabilities exceed current assets and is a ▾ negative positive sign. eagle​'s current ratio is considered ▾ middle-of-the-road. strong. weak. eagle​'s debt ratio is considered ▾ middle-of-the-road. strong. weak. choose from any list or enter any number in the input fields and then continue to the next question.
Answers: 3
image
Business, 22.06.2019 22:40, aupein
Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses. the utilization rate for southeastern=%the efficiency rate for southeastern=%
Answers: 3
image
Business, 23.06.2019 00:00, alexlee202204
The undress company produces a dress that women use to quickly and easily change in public. the company is just over a year old and has been successful through a kickstarter campaign. the undress company has identified a customer segment, but if it wants to reach a larger customer segment market outside of the kickstarter family, what question must it answer?
Answers: 1
image
Business, 23.06.2019 00:10, riley01weaver1
Kcompany estimates that overhead costs for the next year will be $4,900,000 for indirect labor and $1,000,000 for factory utilities. the company uses direct labor hours as its overhead allocation base. if 100,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate?
Answers: 3
Do you know the correct answer?
Hegg usie q is a cash-basis taxpayer, is a partner in s & p accounting services. as part of the...

Questions in other subjects: