X, Y & Z formed a partnership. X contributed cash of ₱400,000 while Y contributed an equipment costing ₱700,000 with a current fair value of ₱300,000 and Z contributed cash of ₱100,000 and accounts receivable of ₱250,000 with a bad debt of ₱50,000. The partnership agreement stipulates the following: 1.      Annual salary allowances of X, Y & Z of ₱50,000, 40,000 & 30,000 respectively.

2.      10% bonus to X after salaries.

Case 1: The partnership earned profit of ₱250,000.

Case 2: The partnership earned profit of ₱80,000.

 

Requirements: Based on the cases given above prepare the following requirements for each case:

a.       Determine the correct valuations of the partners’ contributions and provide the journal entry to record the initial investment of the partners. (one solution only for case 1 & 2)

b.      Compute for the respective shares of each partners in the profit. (2 solutions: case 1 & case 2)

c.       Prepare closing entry for the income summary. (2 solutions: case 1 & case 2)

What is the 12th term of b(n)=-4-2(n-1)

Ascientist studied a population of workers to determine whether verbal praise and/or tangible rewards affect employee productivity. in the study, some workers were offered verbal praise, some were offered tangible rewards (gift cards, presents, and some were offered neither. the productivity of each participant was measured throughout the study by recording the number of daily tasks completed by each employee. which inference might the scientists make based on the given information? a.) the number of daily tasks completed by each employee may influence the dependent variable, which is whether the employee receives verbal praise, tangible rewards, or neither. b.) verbal praise and/or tangible rewards may influence the independent variable, which is the number of daily tasks completed by each employee. c.) verbal praise and/or tangible rewards may influence the dependent variable, which is the number of daily tasks completed by each employee. d.) the dependent variables, which are verbal praise and tangible rewards, may influence the number of daily tasks completed by each employee.

Drag the tiles to the boxes to form correct pairs. not all tiles will be used. match the circle equations in general form with their corresponding equations