He distance plus partnership has the following capital balances at the beginning of the current year: tiger (40% of profits and losses) $ 90,000 phil (30%) 60,000 ernie (30%) 75,000 each of the following questions should be viewed independently. if sergio invests $70,000 in cash in the business for a 20 percent interest, what journal entry is recorded? assume that the bonus method is used. if sergio invests $50,000 in cash in the business for a 20 percent interest, what journal entry is recorded? assume that the bonus method is used. if sergio invests $60,000 in cash in the business for a 20 percent interest, what journal entry is recorded? assume that the goodwill method is used.

The following information is for alex corp: product x: revenue $12.00 variable cost $4.50 product y: revenue $44.50 variable cost $9.50 total fixed costs $75,000 what is the breakeven point assuming the sales mix consists of two units of product x and one unit of product y?

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.