Mutt and jeff formed a partnership on april 1 and contributed the following assets: mutt jeffcash $ 150,000 $ 50,000 land 310,000 the land was subject to a $30,000 mortgage, which the partnership assumed. under the partnership agreement, mutt and jeff share profit and loss in the ratio of one-third and two-thirds, respectively. jeff's capital account at april 1 should bea)$360,000.b)$330,000.c)$300,000. d)$340,000.

B)$330,000

Explanation:

Jeff contribute

cash 50,000

land 310,000

with a mortgage of 30,000

Total contribution

assets      360,000

liabilities    (30,000)

total          330,000

The entry to record the land will be:

Land 310,000

                    Mortgage payable       30,000

                    Jeff Capital Account 280,000

The land is recorded, the parthnership assumes the mortage and the remainder goes into Jeff Capital Account.

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there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants