The Pen, Evan, and Torves Partnership has asked you to assist in winding-up its business affairs. You compile the following information: The partnership’s trial balance on June 30, 20X1, is Debit Credit Cash $ 6,000 Accounts Receivable (net) 22,000 Inventory 14,000 Plant and Equipment (net) 99,000 Accounts Payable $ 17,000 Pen, Capital 55,000 Evan, Capital 45,000 Torves, Capital 24,000 Total $ 141,000 $ 141,000 The partners share profits and losses as follows: Pen, 50 percent; Evan, 30 percent; and Torves, 20 percent. The partners are considering an offer of $100,000 for the firm’s accounts receivable, inventory, and plant and equipment as of June 30. The $100,000 will be paid to creditors and the partners in installments, the number and amounts of which are to be negotiated. Required: Prepare a cash distribution plan as of June 30, 20X1, showing how much cash each partner will receive if the partners accept the offe

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.