Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: The following data is available regarding John Smith’s capital account in Technology Consulting Group, a general partnership, for a new year:

Beginning of the year balance USD 22,000

His share of the partnership income USD 8,500

Withdrawals made during the year USD 6,000

Determine Smith’s partner return on equity during the year?

[A]     10.8%

[B]     11.4%

[C]     55.7%

[D]     36.6%

[E]     34.7%

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M916339

Have any Question? 


Related Questions in Basic Finance

Phillips rock and mud is trying to determine the maximum

Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet is as follows: Assets Cash $ 386,000 Accounts receivable 836,000 Fixed assets   1,048,000   ...

1 what is the logic of the percentage-of-sales method for

1. What is the logic of the percentage-of-sales method for constructing pro forma financial statements? On a year-to-year basis, which balance sheet and income statement items do you think will fluctuate most closely wit ...

In practice how could you measure that much stretch in a

In practice, how could you measure that much stretch in a bolt of this size? The bolt of problem 1 is put in service and its temperature rises to 2508F. How much change in length of the bolt would you expect this increas ...

1 in a transportation firm what types of things will change

1. In a transportation firm, what types of things will change operating revenues? Operating expenses? 2. If a transportation firm shows a rise in revenue per passenger mile, what does this increase imply? 3. How is the p ...

1 what is the equation of exchange is the equation of

1. What is the equation of exchange? Is the equation of exchange a theory? Briefly explain. 2. What is the quantity theory of money? What does the quantity theory indicate is the cause of inflation? 3. What is purchasing ...

A project has the following incremental cash flows for

A project has the following incremental cash flows for years zero through year 5, respectively: -$2,500, $800, $600, $700, $400 and $300. If the firm's cost of capital is 8%, according to the IRR decision rule, should th ...

In a mass-transfer spray column a liquid is sprayed into a

In a mass-transfer spray column, a liquid is sprayed into a gas stream, and mass is transferred between the liquid and gas phases. The mass of the drops that are formed from a spray nozzle is considered a function of the ...

How are the payment terms of an fra different from those of

How are the payment terms of an FRA different from those of most other interest rate derivatives? Explain how FRAs are like swaps and how they are different? Compare the use of interest rate options with forward rate agr ...

In 2013 the lissa company paid dividends of 10000000 on

In 2013, the Lissa Company paid dividends of $10,000,000 on after-tax income (cash flow) of $25,000,000. Capital budget projects totaled $15,000,000 in 2013.   2013 was a normal year for earnings, dividends, and capital ...

Do you think education would be better if it were

Do you think education would be better if it were privatized in the United States? What are the benefits of education being privatized? What are the drawbacks? What are the benefits of public education? What are the draw ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

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