subject
Business, 06.12.2019 22:31 ruben0018

Profits and losses are split as follows: allen (20%), burns (30%), and costello (50%). costello wants to leave the partnership and is paid $100,000 from the business based on provisions in the articles of partnership. if the partnership uses the bonus method, what is the balance of burns’s capital account after costello withdraws? a. $24,000. b. $36,000. c. $33,000. d. $27,000.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 03:00
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 1
question
Business, 22.06.2019 16:10
The following are line items from the horizontal analysis of an income statement:increase/ (decrease) increase/ (decrease) 2017 2016 amount percent fees earned $120,000 $100,000 $20,000 20% wages expense 50,000 40,000 10,000 25 supplies expense 2,000 1,700 300 15 which of the items is stated incorrectly? a. fees earned b. supplies expense c. none of these choices are correct. d. wages expense
Answers: 3
question
Business, 22.06.2019 16:30
Why is investing in a mutual fund less risky than investing in a particular company’s stock?
Answers: 3
question
Business, 22.06.2019 22:40
Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses.the utilization rate for southeastern=%the efficiency rate for southeastern=%
Answers: 3
You know the right answer?
Profits and losses are split as follows: allen (20%), burns (30%), and costello (50%). costello wan...
Questions
question
Mathematics, 25.02.2021 08:30
question
English, 25.02.2021 08:30
question
Mathematics, 25.02.2021 08:30
question
Engineering, 25.02.2021 08:30
question
Mathematics, 25.02.2021 08:30
Questions on the website: 13722361