subject
Business, 29.10.2019 22:31 asheeee58

Turner, roth, and lowe are partners who share income and loss in a 1: 4: 5 ratio. after lengthy disagreements among the partners and several unprofitable periods, the partners decide to liquidate the partnership. immediately before liquidation, the partnership balance sheet shows total assets, $126,000; total liabilities, $78,000; turner, capital, $2,500; roth, capital, $14,000; and lowe, capital, $31,500. the cash proceeds from selling the assets were sufficient to repay all but $28,000 to the creditors. assume that the turner, roth, and lowe partnership is a limited partnership. turner and roth are general partners and lowe is a limited partner. how much should each partner contribute to cover the remaining capital deficiency of $28,000? (do not round intermediate calculations. losses and deficits amounts to be deducted should be entered with a minus sign.)

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 17:50, caitlinhardin8553
Which of the following best explains why a large company can undersell small retailers? a. large companies can offer workers lower wages because they provide more jobs. b. large companies can pay their employees less because they do unskilled jobs. c. large companies can negotiate better prices with wholesalers. d. large companies have fewer expenses associated with overhead.
Answers: 1
image
Business, 22.06.2019 01:00, lin550
Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands
Answers: 1
image
Business, 22.06.2019 01:40, dperdomo0015
Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost
Answers: 1
image
Business, 22.06.2019 02:50, smariedegray
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
You know the right answer?
Turner, roth, and lowe are partners who share income and loss in a 1: 4: 5 ratio. after lengthy disa...

Questions in other subjects:

Konu
Mathematics, 22.07.2019 22:00