Business, 01.09.2019 01:00 brutusjohnson1
Rex became a partner with a 30% interest in the partnership profits when he invested $200,000. in 2017, the partnership generated $400,000 of taxable income, and rex withdrew $100,000. in 2018, the partnership had $600,000 of taxable income, and rex withdrew $200,000. what is rex's gross income from the partnership in 2017 and 2018?
Answers: 1
Business, 21.06.2019 21:00
Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?
Answers: 3
Business, 22.06.2019 04:10
Universal containers(us) has an integration with its accounting system that creates tens of thousands of orders inside salesforce in a nightly batch. us wants to add automation that can attempt to match leads and contacts to these orders using the email address field on the insert. us is concerned about the performance of the automation with a large data volume. which tool should uc use to automate this process?
Answers: 1
Business, 22.06.2019 04:50
Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.
Answers: 1
Rex became a partner with a 30% interest in the partnership profits when he invested $200,000. in 20...
Mathematics, 08.12.2020 03:40
Chemistry, 08.12.2020 03:40
English, 08.12.2020 03:40
Mathematics, 08.12.2020 03:40
Mathematics, 08.12.2020 03:40
Mathematics, 08.12.2020 03:40
Health, 08.12.2020 03:40
English, 08.12.2020 03:40
Mathematics, 08.12.2020 03:40
Mathematics, 08.12.2020 03:40
Chemistry, 08.12.2020 03:40
Mathematics, 08.12.2020 03:40
Mathematics, 08.12.2020 03:40
History, 08.12.2020 03:40