The four parties involved in a partnership agree that Chao will receive a one-fourth interest in the capital of the business for cash equal to one-fourth of the total capital in the new partnership. After revaluation, the capital accounts of the three existing partners total $150,000. The investment for Chao to own one-fourth of the capital of the new partnership is $50,000. What journal entry will be used to record this transaction in the general journal

Which of the following is least likely to a team solve problems together

Precision aviation had a profit margin of 6.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8. what was the firm's roe? a. 15.23%b. 16.03%c. 16.88%d. 17.72%e. 18.60%

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: