Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Microeconomics Expert

The capital accounts of Hawk and Martin have balances of $160,000 and $140,000, respectively, on January 1, 2010, the beginning of the current fiscal year. On April 10, Hawk invested an additional $10,000. During the year, Hawk and Martin withdrew $86,000 and $68,000, respectively, and net income for the year was $258,000. The articles of partnership make no reference to the division of net income.

Based on this information, the statement of partners' equity for 2010 would show what amount as total capital for the partnership on December 31, 2010?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940415

Have any Question? 


Related Questions in Microeconomics

Assignmentplease make sure all graphs are clearly labeled

Assignment Please make sure all graphs are clearly labeled. Each of these questions should be answered with complete sentences. Due at the start of class Sept 27th; no late homework is accepted. All questions are taken f ...

Discussionapplications and best practices please respond to

Discussion "Applications and Best Practices" Please respond to the following: • Propose two applications of the knowledge that you have learned in this course to your current or a future position. Provide a rationale for ...

Question 1 a monopolist has fixed costs fc equal to 250 and

Question 1: A monopolist has fixed costs (FC) equal to $250, and its total costs (TC) are given in Table. The (inverse) demand curve it faces in the market is described by this equation: P = 600 - (11.62)Q. (a) Derive th ...

Fight against obesityno unread repliesno

Fight against Obesity No unread replies.No replies. Directions: The impact of obesity is overwhelming and the numbers are staggering in relation to both co-morbidity and cost. Advance practice nurses are in an optimal po ...

Key informationusing the readings supplied critically argue

KEY INFORMATION Using the readings supplied, critically argue in support of a single one of the following interventions to improve housing affordability: 1. Restricting credit to acquire property (e.g. tax added to mortg ...

Assignmentconcepts you should knowa organisational

Assignment Concepts you should know: a. Organisational Structure b. Physical structure of organisations c. Bureaucracy d. Organic versus Mechanistic organisational structures e. Symbolic conditioning f. Routine and impro ...

Assignmentin many instances public relations activities

Assignment In many instances public relations activities take the form of damage control, and in these instances, the firm is in a reactive public relations strategy mode. Although a reactive strategy may seem a contradi ...

Write a paper 2 - 4 pages based upon the following

Write a paper (2 - 4 pages) based upon the following activity: During an evening of television viewing, write down all of the advertisements you see (minimally use 10). 1. Which ones did you like? Which ones did you disl ...

Discussion questionread the wall street journal article the

Discussion Question Read the Wall Street Journal article, The Dish on Hotel Air, (Goetz, 1999) and review the Pure Solutions website related to ultra clean rooms, assess whether you think the hypoallergenic room concept ...

Economics problem set-question 1 sometimes goods are

Economics Problem Set- QUESTION 1: Sometimes goods are rationed, so people cannot buy as much as they want at the announced price. A good example is Super bowl tickets, which are sold at below market price. Suppose that ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate