Q: ease answer C and D..
A: Note : As per the guidelines, only first question will be answered. Kindly post the remaining parts…
Q: Suppose Intel stock has a beta of 0.81, whereas Boeing stock has a beta of 1.11. If the risk-free…
A: Here, Beta of I Stock is 0.81 Beta of B Stock is 1.11 Risk Free Interest Rate is 5.2% Expected…
Q: Ans Please Fastt...
A: Step 1: Contribution margin for 1,030 units is calculated as follows: =1,030units ×(Selling price -…
Q: g expe mation a paym The fir
A: Supplies Expense = Supplies - Supplies in hand=$3,150-$1,000=$2,150Insurance Expense for January =…
Q: red wor Bear Diner is a charity supported by donations that provides free meals to the homeless. The…
A: Flexible budget is that budget which changes with change in activity level or sales level. Then,…
Q: 4. Suppose you have borrowed an amount of money today. It will be repaid with $1000 in one year,…
A:
Q: "The following amounts are reported in the ledger of Adele Company: Assets P250,000 debit…
A: Ending balance in the Owner's Capital = Assets - liabilities = P250000 - 150000 = P100,000
Q: The plant asset and accumulated depreciation accounts of Pell Corporation had the following balances…
A: Depreciation refers to the decline in the value of long-term assets due to normal use in course of…
Q: Bank Reconciliation The following data were accumulated for use in reconciling the bank account of…
A: For reconciling the balances as shown in the Cash Book and passbook a reconciliation statement is…
Q: Question 3 Use the following information for Question 3 a) and 3 b): a) At the beginning of the…
A: Predetermined Overhead Rate - It is an estimation of rate for all the relevant overhead costs to…
Q: excel CHECK FIGURES b. $5,000 c. $35,000 The following information was drawn from the year-end…
A: An asset is a resource with economic value that an individual, corporation, or country owns or…
Q: d. What amounts will Mega Mart report on the 2010 W-2s for each employee?
A: SOLUTION:- Amount will Mega Mart Report On 2010 W-2s For Marsha:- AMOUNT AMOUNT…
Q: Mr. Tolen made the following interest payments. Assume the taxable year is 2023. Required: Determine…
A: A mortgage is a consensus between the borrower and the lender to pay back the principal amount along…
Q: 1. Your company plans to borrow $4 million for 12 months, and your banker gives you a stated rate of…
A: Amount borrowed = $4 millionPeriod of loan = 12 monthsStated rate = 12%
Q: The following information concerns production in the Forging Department for November. All direct…
A: Units transferred out = 900 + 12,900 - 1,400 Units transferred out = 12,400 units Units started…
Q: On March 1, 2020, Michael Kerrigan established a house arrangement business under the name Michael…
A: Ledger: Account transactions are recorded in a collection of accounts. This collection of accounts…
Q: c) Joana has $12,800 in her bank account today. She makes the following withdrawals: $2,200 in 2…
A: We need to use compound interest formula to solve this problem A =P(1+i)n Where A=Compound amount…
Q: Honda is selling a 2014 Accord Coupe Ex M for $60.056.90 including freight, PDI and all applicable…
A: A lease is a written contract between two parties. In this contract, one party agrees to transfer…
Q: Crane Company sells automatic can openers under a 75-day warranty for defective merchandise. Based…
A: The warranty Expenses are estimated on the basis of past experience for defective units.
Q: Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur…
A: The question involves preparing a schedule of expected cash collections from sales and determining…
Q: Barker Products is a job shop. The following events occurred in September: 1. Purchased $13,700 of…
A: Requirement #1:— Sl.No. General Journal Debit Credit 1. Raw Material Inventory…
Q: Bounty Hunter Corporation has the following transaction for the month of February and uses Job order…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Equity investments: Less than 20% ownership On September 12, 3,000 shares of Denver Company's common…
A: The journal entries are prepared to record the transactions on regular basis. The difference between…
Q: Pompeii's Pizza has a delivery car that it uses for pizza deliveries. The transmission needs to be…
A: The present value function or concept can be used to determine the present value of a future sum or…
Q: Subject: Rental Income Ms. Sheela Horne acquires residential rental property in September 2020 at a…
A: Capital Cost Allowance is a tax deduction that allows businesses and individuals to recover the cost…
Q: The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,135.…
A: Adjusting entries are prepared by management to ensure the accrual basis accounting system. It is…
Q: M Department Store has 5 departments- M1, M2, МЗ, М4, and М5 Department M5 is being evaluated using…
A: Answer: a. It is earning P100,000 in variable CM for M Department Store The contribution margin is…
Q: "YESORYES Corp.'s comparative balance sheet at December 31, 2020 and 2019 reported accumulated…
A: 1. Depreciation Expenses - Depreciation Expenses are the expense incurred on the wear and tear of…
Q: Suppose a ten-year, $1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for…
A: Time period = 10 year Coupon rate = 8.8% Selling price = $1,034.64
Q: T & H Research borrowed $25,000 on Mar. 8, signing a note due in 60 days at a rate of 8%. On Apr. 20…
A: The amount received at the end of the investment horizon is known as the maturity value. The total…
Q: The Adeeva's gross monthly income is $6600. They have 18 remaining payments of $350 on a new car.…
A:
Q: Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending…
A: Inventory means the material in which the business deals. inventory can be raw material , work in…
Q: It is the end of the third quarter, and Kimberly is evaluating the performance of two key divisions…
A: An effective metric for assessing an investment's profitability or efficiency, or for contrasting…
B.
Step by step
Solved in 4 steps
- Bracken, Louden, and Menser, who share profits and losses in a ratio of 4:3:3, respectively, are partners in a home decorating business that has not been able to generate the income the partners had hoped for. They have decided to liquidate the business and have sold all assets except for their decorating equipment. All partnership liabilities have been settled and all the partners are personally insolvent. The decorating equipment has a book value of $76,000, and the partners have capital account balances as follows: Bracken, capital $ 47,500 Louden, capital 9,500 Menser, capital 19,000 Required: Determine the amount of cash each partner will receive as a liquidating distribution if the decorating equipment is sold for the amount stated in each of the following independent cases: Note: Do not round intermediate calculations. $57,000 $39,900 $13,300Determine the amount of cash each partner will receive as a liquidating distribution if the decorating equipment is sold for $57,000.…Bracken, Louden, and Menser, who share profits and losses in a ratio of 4:3:3, respectively, are partners in a home decorating business that has not been able to generate the income the partners had hoped for. They have decided to liquidate the business and have sold all assets except for their decorating equipment. All partnership liabilities have been settled and all the partners are personally Insolvent. The decorating equipment has a book value of $56,000, and the partners have capital account balances as follows: Bracken, capital Louden, capital Menser, capital $ 35,000 7,000 14,000Tom, Flick, and Harry are partners in an equipment leasing business that has not been able to generate the type of revenue expected by the partners. They share profits and losses in a ratio of 5:3:2. They have decided to liquidate the business and have sold all the assets except for one piece of heavy machinery. All partnership liabilities have been settled, and all the partners are personally insolvent. The machinery has a book value of $65,000, and the partners have capital account balances as follows: Tom, Capital $ 40,000 Flick, Capital 10,000 Harry, Capital 15,000 Each of the following is an independent case. Refer to the information given above. What amount of cash will each partner receive as a liquidating distribution if the machinery is sold for $1,100? Multiple Choice Tom Flick Harry A) $ 1,100 $ 0 $ 0 B) $ 8,050 $ 9,170 $ 2,220 C) $ 1,500 $ 0 $ 400 D) $ 1,500 $ 0 $ 0
- Please help mePlease help me answer this question. Tom, Dani, and Harry are partners in an equipment leasing business that has not been able to generate the type of revenue expected by the partners. They share profits and losses in a ratio of 5:3:2. They have decided to liquidate the business and have sold all the assets except for one piece of heavy machinery. All partnership liabilities have been settled, and all the partners are personally insolvent. The machinery has a book value of $65,000, and the partners have capital account balances as follows: Tom, Capital $ 40,000 Dick, Capital 10,000 Harry, Capital 15,000 Each of the following is an independent case. Refer to the information given above. What amount of cash will each partner receive as a liquidating distribution if the machinery is sold for $1,100? Tom Dani Harry A) $ 1,100 $ 0 $ 0 B) $ 8,050 $ 9,170 $ 2,220 C) $ 1,500 $ 0 $ 400 D) $ 1,500 $ 0 $ 0Hershey, Inigo, Jessa and Kyle are partners who share profits and losses in the ratio of 3:2:1:4. As of the current date, the partners become insolvent so they decide to liquidate their business. The capital balance of each partner amount to P30,000, P35,000, P20,000 and P50,000 to Hershey, Inigo, Jessa and Kyle respectively. At this time, total liabilities of the partnership amount to P180,000. From the data above, answer the following independent questions: 14. If the partnership received P185,000 from the sale of all non-cash assets of the partnership, determine the amount of cash that Hershey is to receive assuming there is no cash balance before realization and all partners are insolvent at the time of liquidation. A. P9,000 C. PO B. P2,000 D. P1,500 15. If Kyle receives P12,000 as settlement of his interest, how much were the non-cash assets sold assuming there is no cash balance before realization? A. P220,000 B. P95,000 C. P315,000 D. P180,000
- David Wallace, Olena Dunn, and Danny Lin were partners in a commercial architect firm and showed the following account balances as of December 31, 2023: Account balances December 31, 2023 Due to several unprofitable periods, the partners decided to liquidate the partnership. The equipment was sold for $59,000 on January 1, 2024. The partners share any profit (loss) in the ratio of 2:1:1 for Wallace, Dunn, and Lin, respectively. David Olena Accum. Deprec. Accounts Danny Notes Wallace, Dunn, Lin, Equipment Equipment Payable Payable Capital Capital Capital $19,300 $161,000 $92,000 $7,300 $15,000 $34,000 $17,000 $15,000 Cash Required: 1. Complete the schedule. (Negative answers should be indicated by a minus sign.) Account balances December 31, 2023 Sale of equipment Balance Payment of liabilities Balance Cash Equipment Accum. Deprec. Equipment $ 19,300 $ 161,000 $ 59,000 161,000 322,000 $ $ 78,300 $ $ 78,300 $ 322,000 $ Accounts Payable 92,000 $ 92,000 184,000 $ 184,000 $ Notes Payable…sBen, Dan, and Lilli were partners sharing profits in proportions of one-fourth, one-third, and five-twelfths, respectively. Their business failed, and the firm was dissolved. At the time of dissolution, no financial adjustments between the partners were necessary with reference to their respective partners’ accounts, but the firm’s liabilities to creditors exceeded its assets by $24,000. Without contributing any amount toward the payment of the liabilities, Dan moved to a destination unknown. Ben and Lilli are financially responsible. How much must each contribute?
- Jake, Sacha, and Brianne own a tour company called Adventure Sports. The partners share profit and losses in a 2:3.5 ratio. After lengthy disagreements among the partners and several unprofitable periods, the friends decided to liquidate the partnership. Before the liquidation, the partnership balance sheet showed total assets, $239,300; total liabilities, $201.000, Jake, Capital, $8,100; Sacha, Capital, $10,100; and Brianne, Capital, $20,100. The cash proceeds from selling the assets were sufficient to repay all but $46,000 to the creditors. Calculate the loss from selling the assets. (Round the final answer to the nearest dollar.) Loss on sale of assets Allocate the loss to the partners. (Round the final answers to the nearest dollar. Negative amounts should be indicated by minus sign.) Allocation of loss Jake Sacha Brianne Total liabilibushould be paid by each partner. (Round the final answers to the nearest dollar.Lauren, Matthew, and Susan form a partnership, with Lauren contributing $100,000, Matthew contributing $50,000, and Susan contributing her time and skill. Nothing is said regarding the division of profits. The firm later dissolves. No distributions to partners have been made since the partnership was formed. The partnership sells its assets for a loss of $90,000. After payment of all firm debts, $60,000 is left. Lauren claims that she is entitled to the entire $60,000. Matthew contends that the distribution should be $40,000 to Lauren and $20,000 to Matthew. Susan claims the $60,000 should be divided equally among the partners. Who is correct? Explain.Mr X.,Mr.Y. and Mr. Z went through major partnership losses that forced them to decide on liquidation. They sold all their assets, paid all their liabilities and ended up with net Revenue of $170000 to be distributed among the 3 partners each according to their contribution. Mr. X contributed $65000, Mr. Y contributed $53000 and Mr. Z contributed $25000. How much will Mr. Y receive?