subject
Business, 03.09.2019 17:30 gisset9

The following condensed balance sheet is for the partnership of hardwick, saunders, and ferris, who share profits and losses in the ratio of 4: 3: 3, respectively: cash $ 80,000 accounts payable $ 280,000 other assets 750,000 ferris, loan 41,000 hardwick, loan 31,000 hardwick, capital 250,000 saunders, capital 150,000 ferris, capital 140,000 total assets $ 861,000 total liabilities and capital $ 861,000 the partners decide to liquidate the partnership. fifty percent of the other assets are sold for $260,000. prepare a proposed schedule of liquidation at this point in time. (amounts to be deducted should be entered with a minus sign.)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 08:00
Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?
Answers: 1
question
Business, 22.06.2019 11:50
Which of the following does not offer an opportunity for timely content? evergreen content news alerts content that suits seasonal consumption patterns content that matches a situational trigger content that addresses urgent pain points
Answers: 2
question
Business, 22.06.2019 19:50
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
Answers: 1
question
Business, 22.06.2019 22:30
Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *
Answers: 2
You know the right answer?
The following condensed balance sheet is for the partnership of hardwick, saunders, and ferris, who...
Questions
question
Mathematics, 07.02.2021 09:40
question
Mathematics, 07.02.2021 09:40
question
Mathematics, 07.02.2021 09:40
question
Computers and Technology, 07.02.2021 09:40
question
Mathematics, 07.02.2021 09:40
Questions on the website: 13722359