Samantha Lee is a partner in Redwood Ventures, LLP. Her partnership capital balance at the beginning of the current year was $150,000, and her ending balance was $165,000. Her share of the partnership income is $12,000. What is her partner's return on equity?
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- What is her partner's return on equity on these financial accounting question?Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $56,300, and his ending partnership capital balance for the current year is $63,300. His share of this year's partnership income was $6,550. What is his partner return on equity? Multiple Choice O O 10.35% 10.95% 8.60% 10.35% 10.95% 8.60% 11.63% 9.66%olivia Greer is a partner in Made for You. An analysis of Greer's capital account indicates during the most recent year, she withdrew $21,000 from the partnership. Her share of partnership's net loss was $16,500 and she made an additional equity contribution of000. Her capital account ended the year at $151,000. What was her capital balance at beginning of the year?
- Tyson Tapestries is an unincorporated partnership formed by Brenda Tyson, Rhonda Lentil, and Constance Cummings. They contributed initial capital of $90,000, $60,000 and $40,000 respectively. During the year Brenda contributed an additional $10,000 and withdraw $13,250 from her capital account. Net income was $100,000 and income is distributed to the partners in the ratio of their capital contributions. Required 1: What is the balance of the equity account of Brenda Tyson in the year end financial statements? Required 2: What is the balance of the capital account of Rhonda Lentil in the year end financial statements? Required 3: What is the balance of the capital account of Constance Cummings in the year end financial statements?Tyson Tapestries is an unincorporated partnership formed by Brenda Tyson, Rhonda Lentil, and Constance Cummings. They contributed initial capital of $90,000, $60,000 and $40,000 respectively. During the year Brenda contributed an additional $10,000 and withdraw $16,000 from her capital account. Net income was $144,000 and income is distributed to the partners in the ratio of their capital contributions. Required 1: What is the balance of the equity account of Brenda Tyson in the year end financial statements? $ Required 2: What is the balance of the capital account of Rhonda Lentil in the year end financial statements? $ Required 3: What is the balance of the capital account of Constance Cummings in the year end financial statements? $Regina Harrison is a partner in Pressed for Time. An analysis of Regina Harrison's capital account indicates that during the most recent year, she withdrew $20,000 from the partnership. Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000. What was her capital balance at the beginning of the year? a. $124,000 O b. $176,000 ○ c. $192,000 Od. $144,000
- After the tangible assets have been adjusted to current market prices, the capital accounts of Brad Paulson and Drew Webster have balances of $45,000 and $60,000, respectively. Austin Neel is to be admitted to the partnership, contributing $30,000 cash to the partnership, for which he is to receive an ownership equity of $35,000. All partners share equally in income.a. Journalize the entry to record the admission of Neel, who is to receive a bonus of $5,000.b. What are the capital balances of each partner after the admission of the new partner?c. Why are tangible assets adjusted to current market prices prior to admitting a new partner?Padme invested $300,000 for a 30% interest in a partnership in which she is a general partner. The partnership borrowed $200,000 from the bank. a. If the $200,000 is nonrecourse financing, calculate Padme’s at-risk amount? b. If the $200,000 is qualified nonrecourse financing, calculate Padme’s at-risk amount? c. If the $200,000 is recourse financing, calculate Padme’s at-risk amount?Kim Locke and Mary Leigh Coker have capital accounts of $430,000 and $484,000, respectively. Jeff Doggett and Danny Cambrey are to join the partnership. Doggett invests $515,000 in the partnership for which he receives a capital credit of $515,000. Cambrey purchases a one-half interest from Locke for $315,000 and a one-fourth interest from Coker for $94,000. Determine the capital balances of the partners after the admission of Doggett and Cambrey. Capital balances Locke $enter a dollar amount Coker enter a dollar amount Doggett enter a dollar amount Cambrey enter a dollar amount Total Capital $enter a total amount
- On October 1, 2024, Apollo, Brett, and Clark formed the A, B and C partnership. Apollo contributed $27,300; Brett, $42,900; and Clark, $59,800. Apollo will manage the store; Brett will work in the store three-quarters of the time; and Clark will not work in the business. Read the requirements LOADING... . Requirement 1. Compute the partners' shares of profits and losses under each of the following plans: a. Net loss for the year ended September 30, 2025, is $55,000, and the partnership agreement allocates 70% of profits to Apollo, 15% to Brett, and 15% to Clark. The agreement does not discuss the sharing of losses. (Use parentheses or a minus sign for loss amounts. Complete all answer boxes. For amounts that are $0, make sure to enter "0" in the appropriate cell.) A, B and C Allocation of Profits and Losses Apollo Brett Clark Total a. Net income (loss) Capital allocation:…The following information was obtained from the records of MT Suppliers, a partnership business with Mary and Tanya as partners, on 28 February 2023 (the end of the financial year): Mary's capital balance was R600 000 on 28 February 2023. She increased her capital contribution by R200 000 on 01 December 2022 (and this was recorded). She earns interest at a rate of 15% per annum. Which one of the following reflects Mary's interest on capital for the year ended 28 February 2023? O A. R60 000 B. R82 500 O C. R90 000 OD. R67 500The following information was obtained from the records of MT Suppliers, a partnership business with Mary and Tanya as partners, on 28 February 2023 (the end of the financial year): Mary's capital balance was R600 000 on 28 February 2023. She increased her capital contribution by R200 000 on 01 December 2022 (and this was recorded). She earns interest at a rate of 15% per annum. Which one of the following reflects Mary's interest on capital for the year ended 28 February 2023? O A. R60 000 OB. R82 500 O C. R67 500 OD. R90 000 Previous page