Business, 27.11.2019 00:31 vanvalenpeyt
Joe creel owned a nascar collectibles business named joe's racing collectibles. in 1994, creel brought arnold lilly and roy altizer into the business, which they reformed as a partnership named joe's racing. creel contributed as capital to the partnership inventory and supplies of the old business, valued at $15,000. lilly and altizer each contributed s6,666 in cash to the partnership, and each paid $3,333 to creel for his rights in the existing business. the partners agreed to share profits and losses with 52 percent going to creel and 24 percent each to lilly and altizer. less than a year later, creel died and his wife sought to receive the value of his interest in the partnership. an accountant valued the partnership at $44,589.44. the partnership's creditors were the accountant for s875, mrs. creel $495, lilly s2,187, and altizer $900. what was the value of creel's partnership interest?
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Business, 21.06.2019 19:50
The u.s. stock market has returned an average of about 9% per year since 1900. this return works out to a real return (i.e., adjusted for inflation) of approximately 6% per year. if you invest $100,000 and you earn 6% a year on it, how much real purchasing power will you have in 30 years?
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Business, 22.06.2019 21:10
The blumer company entered into the following transactions during 2012: 1. the company was started with $22,000 of common stock issued to investors for cash. 2. on july 1, the company purchased land that cost $15,500 cash. 3. there were $700 of supplies purchased on account. 4. sales on account amounted to $9,500. 5. cash collections of receivables were $5,500. 6. on october 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on october 1. 7. supplies on hand as of december 31, 2010 amounted to $225. the amount of cash flow from investing activities would be:
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Business, 22.06.2019 22:30
Luggage world buys briefcases with an invoice date of september 28. the terms of sale are 2/10 eom. what is the net date for this invoice
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Joe creel owned a nascar collectibles business named joe's racing collectibles. in 1994, creel broug...
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