Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

Question

Delta Pack Ltd. produces custom packaging. The total manufacturing cost for producing 10,000 boxes is $95,000. Of this amount, $25,000 represents total variable costs. What would be the total production cost if the company produces 14,000 boxes?

Answer 1

Question

Chapter 14, Problem 24P

a.

To determine

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

b.

To determine

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

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Answer 2

Question

Chapter 14, Problem 24P

a.

To determine

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

b.

To determine

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

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Answer 3

Question

Chapter 14, Problem 24P

a.

To determine

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

b.

To determine

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

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Answer 4

Question

Chapter 14, Problem 24P

a.

To determine

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

b.

To determine

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

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Answer 5

Chapter 14, Problem 24P

a.

To determine

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

b.

To determine

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

Answer 6

Chapter 14, Problem 24P

a.

To determine

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

Answer 7

Chapter 14, Problem 24P

a.

To determine

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

Answer 8

b.

To determine

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

Answer 9

b.

To determine

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

Answer 10

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Ch. 14 - Prob. 1Q Ch. 14 - Prob. 2Q Ch. 14 - Prob. 3Q Ch. 14 - Prob. 4Q Ch. 14 - Prob. 5Q Ch. 14 - Prob. 6Q Ch. 14 - Prob. 7Q Ch. 14 - Prob. 8Q Ch. 14 - Prob. 9Q Ch. 14 - Prob. 10Q

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

Solution Summary: The author calculates the capital balance of the remaining three partners if the goodwill method is used and assumes that the partners share profits and losses 3:3:2:2.

Find the capital balance of the remaining three partners if the goodwill method is used and assume that the partners share profits and losses 3:3:2:2, respectively. Person F retires and is paid $190,000 based on the terms of the original partnership agreement.

Find the capital balance of the remaining three partners if the bonus method is used and assume that the partners share profits and losses 4:3:2:1, respectively. Person P retires and is paid $280,000 based on the terms of the original partnership agreement.

Chapter 14 Solutions