Peter, Roberts, and Dana have the following capital balances; $80,000, $100,000 and $60,000, respectively. The partners share profits and losses 20%, 40%, and 40% respectively. What is the total partnership capital after Roberts retires receiving $160,000 and using the goodwill method?
A. $290,000.
B. $230,000.
C. $120,000.
D. $176,000.
E. $ 80,000.
Answer: B
You might also like to view...
When ConAgra learned that many mothers switched to time-saving meals and snacks when school started, it launched its "Seasons of Mom" campaign to help grocers adjust to seasonal shifts in household needs
Which of the eight possible actions to improve the quantity and quality of its marketing intelligence yielded this insight? A) Train and motivate the sales force to spot and report new developments. B) Motivate distributors, retailers, and other intermediaries to pass along important intelligence. C) Hire external experts to collect intelligence. D) Network internally and externally. E) Set up a customer advisory panel.
When is searching through someone's garbage considered as a legal activity?
a. When the trash is left unattended inside the suspect's home. b. When the trash is in the possession of the suspect. c. When the trash has left the suspect's home or sidewalk. d. Searching through a person's trash is never considered as a legal activity.
Which data types are typically found in the finance department?
A. Investment data, monetary data, reporting data. B. Transactional data, purchasing data, payroll data, tax data. C. Employee data, promotion data, vacation data. D. Promotion data, sales data, advertising data.
What do theory and empirical evidence say about capital structure and the cost of capital for MNEs versus their domestic counterparts?
What will be an ideal response?