Business, 03.05.2021 19:50 jujulakaeuaws
The Muldoon Partnership consists of three partners, Adam, Dawn, and Lorrie. The partnership agreement provides for annual salaries of $80,000 to Dawn and $120,000 to Lorrie. Residual profits are shared in a 3:3:4 ratio. Salaries are to be fully implemented, even if partnership net income is less than total salaries. Partnership net income for the year is $280,000. Adam's share of net income is
Answers: 2
Business, 21.06.2019 16:00
Sarah borrowed $16,500 on may 23 with interest due on september 3. if the interest rate is 9%, find the interest on the loan using exact interest and ordinary interest.
Answers: 2
Business, 22.06.2019 19:00
In 1975, mcdonaldās introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:
Answers: 1
Business, 22.06.2019 21:10
Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.
Answers: 3
Business, 22.06.2019 23:50
For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and state the basic assumption, component, or accounting principle that is applied (if you agree) or violated (if you disagree).wagner corporation adjusted the valuation of all assets and liabilities to reflect changes in the purchasing power of the dollar.spooner oil company changed its method of accounting for oil and gas exploration costs from successful efforts to full cost. no mention of the change was included in the financial statements. the change had a material effect on spooner's financial statements.cypress manufacturing company purchased machinery having a five-year life. the cost of the machinery is being expensed over the life of the machinery.rudeen corporation purchased equipment for $180,000 at a liquidation sale of a competitor. because the equipment was worth $230,000, rudeen valued the equipment in its subsequent balance sheet at $230,000.davis bicycle company received a large order for the sale of 1,000 bicycles at $100 each. the customer paid davis the entire amount of $100,000 on march 15. however, davis did not record any revenue until april 17, the date the bicycles were delivered to the customer.gigantic corporation purchased two small calculators at a cost of $32.00. the cost of the calculators was expensed even though they had a three-year estimated useful life.esquire company provides financial statements to external users every three years.
Answers: 1
The Muldoon Partnership consists of three partners, Adam, Dawn, and Lorrie. The partnership agreemen...
History, 04.02.2020 16:48
Mathematics, 04.02.2020 16:48
Mathematics, 04.02.2020 16:48
Arts, 04.02.2020 16:48
Mathematics, 04.02.2020 16:48
History, 04.02.2020 16:48
Physics, 04.02.2020 16:48
History, 04.02.2020 16:48
History, 04.02.2020 16:48
Mathematics, 04.02.2020 16:48
History, 04.02.2020 16:48
Mathematics, 04.02.2020 16:48