subject
Business, 19.12.2019 07:31 gyexisromero10

Ryan, peter, and james share profits in the ratio 3: 2: 1. they have decided to liquidate the partnership with immediate effect. the furniture and the equipment were sold at a cumulative loss of $6,000. the accounts receivable were duly received in cash and the other assets were written off as worthless. the accounts payable and other liabilities were paid off at book value. james argued that he should receive a portion of the remaining cash, but peter and ryan argued otherwise. how much cash should james receive or pay?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 19:50
Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?
Answers: 3
question
Business, 22.06.2019 21:30
Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?
Answers: 3
question
Business, 23.06.2019 03:00
You are considering purchasing a company — assets, liabilities, warts, and all. you are aware that sometimes liabilities do not always show up on the balance sheet. discuss five examples of liabilities that may not be explicitly recognized on the balance sheet, making sure to explain why they are liabilities.
Answers: 1
question
Business, 23.06.2019 09:30
Is 6ixnine getting out of jail this year?
Answers: 2
You know the right answer?
Ryan, peter, and james share profits in the ratio 3: 2: 1. they have decided to liquidate the partne...
Questions
question
Mathematics, 30.06.2019 16:30
question
Mathematics, 30.06.2019 16:30
Questions on the website: 13722360