artnership
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A: The originator's responsibilities are: Originator communicates with all borrowers of mortgage loans…
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A: The art of deciding the investment mix and policy, making the investments equivalent to its…
Q: What is the difference between ER and REA model
A: ER model stands for Entity Relationship model which is a high-level data model. This model defines…
Q: What is the purpose of EDI?
A: Transparency in electronic data exchange: Expanding EDI enables suppliers to get access to a buyer's…
Q: Define the Base Case and the Proposed Alternatives?
A: The base case is the output expected from the basic assumption made by the project team. The basic…
Q: tutes an AD
A: Introduction : An ADT can be understood as the programmer-defined type having the following…
Q: How to solve and answer
A: Cost of goods sold includes all the direct expenses incurred in the product i.e direct material,…
Q: which alternative is the best choice?
A: Time value of money(TVM) means that the amount of money received in the present period will have…
Q: are we also user of accoutanting, if yes how?
A: Financial Accounting provides various useful information to various user groups which helps them in…
Q: What form is required?Explain why this is the correct form?
A: Taxation states the financial charge or obligation which is imposed through the government or…
Q: What are the steps to figure this out?
A: Journal: Recording of a business transactions in a chronological order.
Q: What is t
A: Liabilities are accumulated financial obligations that result from past events that are expected to…
Q: What does PFMA stand for?
A: Solution- PFMS [Public Financial Management System] PFMS stands for Public financial Management…
Q: Which alternative should be selected? Choose the correct answer below.
A: Net Present Worth: It is the present worth of the annual cash inflows and annual cash outflows…
Q: What approaches may be employed in applying the LCNRVprocedure? Which approach is normally used and…
A: Lower-of-cost-or-net realizable value: The lower-of-cost-or-net realizable value (LCNRV) is a method…
Q: Can you explain why D is the correct answer?
A: Trial balance: A financial statement which integrates all the balance of ledger accounts is termed…
Q: What is Materiality?
A: Audit is the examination conducted by the professional (auditor) on the financial statements and…
Q: Describe about the intuitive approach?
A: Supervisors regularly depend on models and intuition to make fast decisions. Intuitive decision…
Q: Which statement is correct?
A: A current ratio is one of the ratios used to assess the liquidity of the company. It shows that the…
Q: Explain thoroughly why it is the answer.
A: solution : liabilities are : correct answer is present obligation arising from past events and…
Q: What are the Replacement decisions?
A: Cost: It is the economic value of resources incurred by a firm to manufacture a product or render…
Q: What is the FMS option?
A: FMS: Flexible manufacturing system
Q: What’s the AMT, and what is its purpose?
A: The main purpose of AMT is to set a limitation on the tax payers who may be making use of the excess…
Q: What is CAPM? How about APT?
A: CAPM and APT are two common models for pricing used in finance. These are explained below.
Q: ow to do question ii?
A: Given information : Initial balance 5000 Service charge 100 Interest rate 10% Time period…
Q: What are the answers
A: The answer is as fallows
Q: Define and explain the significance of the term CMA.
A: Certified Management Accountant (CMA): CMA stands for certified management accountant. CMA…
Q: Describe the fundamentals of Replacement-Analysis?
A: Replacement analysis is the process where it is determined whether it would be beneficial to replace…
Q: Which of the above should be chosen?
A: Net Present Value (NPV) NPV (Net present value) is a capital budgeting technique used to evaluate…
Q: Which answer is correct and why?
A: Under average cost method, average cost per unit is calculated as: = Total cost of opening inventory…
Q: Aš of De -ti tnershi
A: AMURAO ZULUETA ESTOQUE Capital balances 40,000 5,000 25,000…
Q: Distinguish between overcosting and undercosting?
A: Over Costing:Over costing is a state in which the estimated or reported cost of a product is more…
Q: What is the correct amount of nventory?
A: Goods in transit, shipped at FOB shipping point are to be removed from inventory because they left…
Q: What is the answer of this with solution and explanation.
A: The question is related to adjusting Entires as om 31st December 2018.The details regarding the…
Q: what is a provable intrinsic value? can you give a example
A: Intrinsic value of a stock is its fundamental value. This is calculated by taking in to…
Q: What steps would be involved?
A: Arbitrage is the strategy applied by the investor to take the benefit of mispricing, at various…
Q: What should you do? What is the YTM of the
A: The yield to maturity on a bond is the yearly annual rate of interest earned if the bond is held…
Q: Which of the following is a correct statement?
A: When a sole property dies during the financial year leaving the estate that is known as Deceased…
Q: Highlight the effectiveness of FIFO or FEFO?
A: Inventory management techniques are used by the management for the proper recording and valuation of…
Q: What is SAVANT Framework and what do you understand about it?
A: SAVANT stands for strategy, anticipation, value-adding, negotiating, and transforming. It was…
Q: what is the summary of this topic?
A: Here ask about the summary of the product which is the important aspect of the packing for the…
Q: Explain the Abstract and Opinion Method?
A: Abstract and Opinion method is an approach of assuring of property’s title. Abstract and Opinion…
Q: What do you understand by IFRS?
A: Financial reporting: Financial reporting is a process of preparing reports which disclose financial…
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- Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at 50% each. Chris contributes $30,000 to the partnership for a 1/3 share. What amount should the partnership record as a bonus to Chris? A. $20,000 B. $15,000 C. $10.500 D. $5,000The partnership of Tasha and Bill shares profits and losses in a 50:50 ratio, and the partners have capital balances of $45,000 each. Prepare a schedule showing how the bonus should be divided if Ashanti joins the partnership with a $60,000 investment. The partners new agreement will share profit and loss in a 1:3 ratio.The partnership of Tatum and Brook shares profits and losses in a 60:40 ratio respectively after Tatum receives a 10,000 salary and Brook receives a 15,000 salary. Prepare a schedule showing how the profit and loss should be divided, assuming the profit or loss for the year is: A. $40,000 B. $25,000 C. ($5,000) In addition, show the resulting entries to each partners capital account. Tatums capital account balance is $50,000 and Brooks is $60,000.
- Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at 50%. Chris contributes $90,000 to the partnership for a 1/3 share. What amount should the partnership record as an individual bonus to each of the old partners? A. $10,000 B. $7,000 C. $3,000 D. $20,000Juan contributes marketable securities to a partnership. The book value of the securities is $7,000 and they have a current market value of $10,000. What amount should the partnership record in Juans Capital account due to this contribution? A. $10,000 B. $7,000 C. $3,000 D. none of the aboveThe partnership of Magda and Sue shares profits and losses in a 50:50 ratio after Mary receives a $7,000 salary and Sue receives a $6,500 salary. Prepare a schedule showing how the profit and loss should be divided, assuming the profit or loss for the year is: A. $10,000 B. $5,000 C. ($12,000) In addition, show the resulting entries to each partners capital account.
- Arun and Margot want to admit Tammy as a third partner for their partnership. Their capital balances prior to Tammys admission are $50,000 each. Prepare a schedule showing how the bonus should be divided among the three, assuming the profit or loss agreement will be 1:3 once Tammy has been admitted and her contribution is: A. $20,000 B. $80,000 C. $50,000. In addition, show the resulting journal entries to each of the three partners capital accounts.LO.2 In the current year, Bill Parker (54 Oak Drive, St. Paul, MN 55164) is considering making an investment of 60,000 in Best Choice Partnership. The prospectus provided by Bills financial planner indicates that the partnership investment is not a passive activity and that Bills share of the entitys loss in the current year will likely be 40,000, whereas his share of the partnership loss next year will probably be 25,000. Write a letter to Bill in which you indicate how the losses would be treated for tax purposes in the current year and the following year.The partnership of Chase and Chloe shares profits and losses in a 70:30 ratio respectively after Chloe receives a $10,000 salary. Prepare a schedule showing how the profit and loss should be divided, assuming the profit or loss for the year is: A. $ 30,000 B. $ 6,000 C. ($10,000)