Nelson, Parker, and Rice are partners who share profits 4:3:3, respectively. Parker decides
t...
Business, 20.02.2020 00:28 mithydizon4302
Nelson, Parker, and Rice are partners who share profits 4:3:3, respectively. Parker decides
that it would be more profitable for him to operate as a sole proprietor. Nelson and Rice are
in agreement that life would be more rewarding if Parker were to enter into direct competition
with them. Nelson and Rice make repeated attempts to acquire Parker’s interest in the
partnership. Unable to reach an agreement, the partners mutually agree that their association
should be dissolved.
A condensed balance sheet before realization of assets shows the following balances:
Assets
Cash 5000
Other assets 60000
Total 65000
Liabilities and Capital
Liabilities 20000
Nelson, Capital 20000
Parker, Capital 12,000
Rice, Capital 13000
Total 65000
Asset realization is accomplished in four stages as follows:
Stage Sales Price Book Value
1 $16,000 $12,000
2 12,000 10,000
3 10,000 20,000
4 2,000 18,000
The partners prefer that cash be distributed as soon as it is available.
Required:
Prepare a summary in columnar form of the partnership realization and liquidation. You
should prepare supporting schedules of safe payments before each cash distribution.
Answers: 1
Business, 22.06.2019 10:50, Nicki3729
The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
Answers: 3
Business, 22.06.2019 16:40, michibabiee
Shawn received an e-mail offering a great deal on music, movie, and game downloads. he has never heard of the company, and the e-mail address and company name do not match. what should shawn do?
Answers: 2
Business, 22.06.2019 19:50, ParallelUniverse
Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32
Answers: 1
Business, 22.06.2019 20:10, alen919
Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.
Answers: 1
Mathematics, 09.11.2020 06:10
English, 09.11.2020 06:10
History, 09.11.2020 06:10
Mathematics, 09.11.2020 06:10
Computers and Technology, 09.11.2020 06:10
Mathematics, 09.11.2020 06:10
History, 09.11.2020 06:10