A, B and C are partners with the following P/L ratio and balances: A (60%) P100,000; B (30%) P60,000; and C (10%) P20.00 capital balances: A (60%) P100,000; B (30%) P60,000; and C (10%) P20,000. |
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- The problem and question are in the attached photo. Thank youRead and understand the problem below. Write the answer on the space provided below. The capital accounts of X and Y Company before the admission of Z are as follows: Capital accounts P/L ratios X, Capital P100,000 30% Y, Capital 200,000 70% P300,000 Case 1 Z purchases 10% interest out of the 30% interest of A for P100, 000. The net assets of the firm as of this date approximate their fair values. Provide the journal entry to record the transaction. Case 2 Z purchases 10% interest in the partnership by investing P70,000 cash to the business. The net assets of the firm as of this date approximate their fair values. Requirements: Provide the journal entry to record the admission of Z.(show your computation below) Compute for capital balances of the partners after the admission of Z. (show your computation below) Compute for the new P/L ratios of the partners.Capital balances in the WXY partnership are W, Capital P 60,000; X Capital P 50,000 and Y Capital P40,000, Profits and losses are 5:3:2, respectively. The WXYZ partnership is formed by admitting Z to the partnership with a cash investment of P 60,000 for a 25% capital interest The bonus to be credited to Y in admitting Z is
- X and Y are partners sharing profits 6:4, respectively. Capital accounts as of October are 1, 2021 X-P 560,000, Y-P 480,000 They agree to admit Z as a new partner with an investment of P260,000 for a interest in the partnership and that the assets are fairly valued, what would be the capital of Y after the admission of Z? A.P 480,000 B.P 506,000 C.P 454,000 D. P325,000Insight Ltd. has the following capital Structure & after-tax Cost for different sources of funds used: Source of Funds Amount After-tax Cost Debt 15,00,000 5 Pref. Shares 12,00,000 10 Eq. Shares Retained Earnings 18,00,000 12 15,00,000 11 You are required to Calculate Weighted Average COC.A and B are two partners. Theyagreed to allow interest on capital@5% per annum. Capital accountsas 1.4.16 were A 20,000 RS and B15,000 rsA introduced further capital of rs5000 on 1.10.16 and B introduced rs3000 on 1.10.16Calculate interest on Capital of eachPartner as 31.3.17 Please avoid solutions in image thnku
- On the basis of this information, NUBD's weighted-average cost of capital is: (round-off to 2 decimal places)can you provide a detailed explanation for the following graphs?10. The partners' capital (income-sharing ratio in parentheses) of Acosta, Bautista, Campos, & Dela Cruz LLP on May 31, 2020, was as follows: P195,000 Acosta (20%) Bautista (20%) Campos (20%) Dela Cruz (40%) Total partners' capital (20%) P812,500 260,000 227,500 130,000 On May 31, 2020, with the consent of Acosta, Bautista, and Dela Cruz: a. Sam Campos retired from the partnership and was paid P162,500 cash in full settlement of his interest in the partnership. b. Lois Elon was admitted to the partnership with a P65,000 cash investment for a 10% interest in the net assets of Acosta, Bautista, Dela Cruz & Elon LLP. The capital account to be credited to Elon: a. P71,500 b. P87,750 C. P65,000 d. P81,250 194
- Please help meX, Y and Z of XYZ Partnership have beginning capital balances of P500,000, P400,000, and P300,000 respectively. The firm has obtained a net profit of P112,000 Salaries of P15,000, P20,000, and P25,000 will be given to each partner respectively, and interest at 3% of the beginning capital balances would be allowed in profit distribution. Any remaining amount will be divided to each partner at 3:11 the share of each partner in the net income would be A.P28.080 P50.560: P33.360 B.P28,080, P35,200; P48,720 C.P39,600 P35,2 10, P37,200 D. P35,600, P-50,5-50; P21,540