Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

Following is the current balance sheet for local partnership of doctors:

Cash and current assets $30,000
Land...............................................................180,000
Building and Equipment (net).................100,000
Totals.............................................................$310,000

Liabilites......................................................$40,000
A. Capital.......................................................20,000
B, capital........................................................40,000
C, Capital........................................................90,000
D, Capital.......................................................120,000
Totals............................................................$310,000

Following problems represent independent conditions:

A. E is going to invest adequate money in this partnership to got 25 percent interest. No good-will or bonus is to be recorded. How much must E invest?

B. E contributes $36,000 in cash to business to get 10 percent interest in partnership Goodwill is to be recorded. Profits and losses have prior been split according to following percentages: A, 30 percent, B,10 percent; C, 40 percent; and D, 20 percent. After E makes this investment, determine the individual capital balances?

C. E contributes $42,000 in cash to business to get 20 percent interest in partnership. Goodwill is to be recorded. Four partners share all profits and losses equally. After E makes this investment, prepare down the individual capital balances?

D. E contributes $55,000 in cash to business to receive a 20 percent interest in partnership. No goodwill or other assets revaluation is to be recorded. Profits and losses have prior been split according to following percentages: A, 10 percent; B, 30 percent; C, 20 percent; and D, 40 percent. After E makes this investment, prepare down the individual capital balances?

E. C retires from partnershio and, as per original partnership agreement, is to get cahs equal to 125 percent of her final capital balance. No goodwill or other asset revaluation is to be recognized. All partners share profits and losses equally. After withdrawal, describe individual capital balances of remaining partners?

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M932587
  • Price:- $25

Guranteed 24 Hours Delivery, In Price:- $25

Have any Question? 


Related Questions in Project Management

Arguably the trickiest part of building and maintaining an

Arguably the trickiest part of building and maintaining an effective virtual team is the task of balancing "togetherness" and "apartness." Some insight was given to this question in the background reading. Now read an ad ...

Assignmentscenarioyour company irtc manufacturing

AssignmentScenario Your company, IRTC Manufacturing Enterprises, is upgrading its legacy billing system. The system was installed originally ten years ago, and has been upgraded according to the vendor's schedule, each o ...

Assessmentnote the assessments in this course build upon

Assessment Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence. For this assessment, use the Capella library or other resources to locate professional j ...

A company manufactures three products a b and c by using

A company manufactures three products: A, B and C by using three resources each unit of product X takes six man-hour twenty hour of machine capacity 2 cubic meter of storage place. Similarly, one unit of product B takes ...

Find out about firewalls- go to the web and find out about

FIND OUT ABOUT FIREWALLS:- Go to the Web and find out about software and hardware that protect your computer and home network, respectively. If you have only one computer connected to the Internet, then a software firewa ...

In a push technology environment businesses and

In a push technology environment, businesses and organizations will come to you with information, services, and product offerings based on your profile. How is a push technology environment different from mass mailings a ...

Assignment project team and stakeholder management -

Assignment: Project Team and Stakeholder Management - Essay Read the project case for this assignment. As the project manager for the District 4 Warehouse Move project, you will need to determine who your stakeholders an ...

Identifying qualified customers is important to the

Identifying qualified customers is important to the survival of any organization. NAICS provides helpful information about many different businesses. Find the NAICS manual at the library and identify the NAICS code for t ...

Your company has just decided to implement a new financial

Your company has just decided to implement a new financial system. Your company's financial needs are almost the same as those of all the other companies in your industry. Would you recommend that your company purchase a ...

Visit the website wwwcovisintcom and evaluate the nature of

Visit the website www.covisint.com, and evaluate the nature of the business customers attracted. Who is the target audience for this business marketing site? Describe the types of firms that are currently doing business ...

  • 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

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen