After withdrawal of a general partner, Johnson contributed $25,000 for a 25% share of the general partnership’s profits and losses. The partnership had a $120,000 basis in assets and $20,000 in liabilities before Johnson’s contribution. After admission to an existing partnership, the new general partner .

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

What is free trade? a. trade that is not subject to taxes or fees b. trade that governments do not interfere with c. trade with a high level of government regulation d. trade between states in the u.s. b

Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?