Purkerson, smith, and traynor have operated a bookstore for a number of years as a partnership. at the beginning of 2018, capital balances were as follows:

purkerson $ 84,000
smith 64,000
traynor 20,000
due to a cash shortage, purkerson invests an additional $10,000 in the business on april 1, 2018.

each partner is allowed to withdraw $800 cash each month.
the partners have used the same method of allocating profits and losses since the business's inception:
each partner is given the following compensation allowance for work done in the business: purkerson, $15,000; smith, $25,000; and traynor, $8,000.
each partner is credited with interest equal to 20 percent of the average monthly capital balance for the year without regard for normal drawings.
any remaining profit or loss is allocated 5: 2: 3 to purkerson, smith, and traynor, respectively. the net income for 2018 is $26,000. each partner withdraws the allotted amount each month.
what are the ending capital balances for 2018?

The blank is type of decision-maker who over analyzes information

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.