subject
Business, 20.09.2019 00:20 dyp

Paul and roger are partners who share income in the ratio of 3: 2. their capital balances are $90,000 and $130,000, respectively. the partnership generated net income of $50,000 for the year. what is roger's capital balance after closing the revenue and expense accounts to the capital accounts?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 04:50
Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.
Answers: 1
question
Business, 22.06.2019 17:40
Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same
Answers: 3
question
Business, 22.06.2019 20:20
Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.
Answers: 2
question
Business, 22.06.2019 22:30
Using the smith's bbq report, the cost of wine for next week will increase by 2% from the current week. if all other cost of sales stays constant, what will be the approximate total cost of sales for next week?
Answers: 2
You know the right answer?
Paul and roger are partners who share income in the ratio of 3: 2. their capital balances are $90,00...
Questions
question
Mathematics, 02.12.2020 21:50
question
Computers and Technology, 02.12.2020 21:50
question
Mathematics, 02.12.2020 21:50
question
Mathematics, 02.12.2020 21:50
question
Mathematics, 02.12.2020 21:50
question
Geography, 02.12.2020 21:50
question
History, 02.12.2020 21:50
question
Mathematics, 02.12.2020 21:50
question
Mathematics, 02.12.2020 21:50
Questions on the website: 13722362