Business, 09.09.2019 21:10 kyleejokow

Abcd company is a general partnership. it consists of dianne, greg, knox, and laura, whose capital contributions were as follows: dianne, $5,000; greg, $7,500; knox, $10,000; and laura, $5,000. the partnership agreement provided that the partnership would continue for three years and that no withdrawals of capital were to be made without the consent of all the partners. the agreement also provided that all advances would be entitled to interest at 10 percent per year. six months after the partnership was formed, dianne advanced $10,000 to the partnership. at the end of the first year, net profits totaled $11,000 before any moneys had been distributed to partners. explain how the $11,000 should be allocated to dianne, greg, knox, and laura.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 21:30

Which of these things did galileo not do? a. stop publishing his scientific work after being convicted of heresy b. invent the concept of acceleration c. experiment with rolling balls down ramps of increasing steepness to test how objects would fall d. argue that earth moves around the sun e. make up a thought experiment that indicated that objects would fall at the same rate

Answers: 3

Answer

Business, 22.06.2019 19:30

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%

Answers: 3

Answer

Business, 22.06.2019 20:20

Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?

Answers: 3

Answer

Business, 23.06.2019 11:40

Anewspaper story on the effect of higher milk prices on the market for ice cream contained the following: "as a result [of the increase in milk prices], retail prices for ice cream are up 4 percent from last year. . and ice cream consumption is down 3 percent." source: john curran, "ice cream, they scream: milk fat costs drive up ice cream prices," associated press, july 23, 2001. based on the information given, what is the price elasticity of demand for ice cream?

Answers: 1

Answer

You know the right answer?

Abcd company is a general partnership. it consists of dianne, greg, knox, and laura, whose capital c...

Questions