Order Now

Answer ALL of the following qu

Uncategorized

Answer ALL of the following questions. Pick answers a to d. 

1.  Xavier and Yolanda have original investments of $49,500 and $104,400, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $28,700 and $30,900, respectively; and the remainder to be divided equally. How much of the net income of $112,300 is allocated to Xavier?

a.$59,472
b.$28,700
c.$49,560
d.$38,600
 
2. Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $38,000 and $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Yolanda?

a.$36,000
b.$38,000
c.$44,000
d.$77,000
 
3. Tomas and Saturn are partners who share income in the ratio of 3:1 (3/4 to Tomas and 1/4 to Saturn). Their capital balances are $93,800 and $70,600, respectively. The partnership generated net income of $44,800. What is Tomas’s capital balance after closing the revenue and expense accounts to the capital accounts?

a.$142,660
b.$132,265
c.$127,400
d.$122,029
 
4. Paul and Roger are partners who share income in the ratio of 3:2 (3/5 to Paul and 2/5 to Roger). Their capital balances are $90,000 and $130,000, respectively. The partnership generated net income of $50,000 for the year. What is Paul’s capital balance after closing the revenue and expense accounts to the capital accounts?

a.$108,000
b.$115,000
c.$180,000
d.$120,000
 
5. Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell devotes one-half time to the business. Determine the division of $150,000 of net income in the ratio of capital balances.

a.$75,000 and $75,000
b.$37,500 and $112,500
c.$100,000 and $50,000
d.$50,000 and $100,000
 
6. Douglas pays Selena $42,600 for her 27% interest in a partnership with net assets of $126,700. Following this transaction, Douglas’s capital account should have a credit balance of

a.$126,700
b.$11,502
c.$42,600
d.$34,209
 
7. Bobbi and Stuart are partners. The partnership capital of Bobbi is $40,800 and that of Stuart is $77,700. Bobbi sells his interest in the partnership to John for $58,100. The journal entry for the admission of John as a new partner would include a credit to

a.John’s capital account for $40,800 and a credit to Stuart’s capital account for $77,700
b.Stuart’s capital account for $59,250
c.John’s capital account for $40,800
d.John’s capital account for $58,100
 
8. The balance sheet of Morgan and Rockwell was as follows immediately prior to the partnership’s liquidation: cash, $22,800; other assets, $148,500; liabilities, $39,600; Morgan, capital, $62,800; Rockwell, capital, $68,900. The other assets were sold for $131,700. Morgan and Rockwell share profits and losses in a 2:1 ratio. As a final cash distribution from the liquidation, Morgan will receive cash totaling

a.$51,600
b.$62,800
c.$22,800
d.$15,200
 
9. Adriana and Belen are partners who share income in the ratio of 3:2 and have capital balances of $50,000 and $90,000, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $90,000. How much cash should be distributed to Adriana?

a.$50,000
b.$45,000
c.$30,000
d.$20,000
 
10. Antonio and Barbara are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $80,000. What amount of loss on realization should be allocated to Barbara?

a.$30,000
b.$10,000
c.$80,000
d.$20,000
 
11. When a limited liability company is formed:
a.the partnership activities are limited
b.some of the partners have limited liability
c.none of the partners has limited liability
d.all partners have limited liability
 
12.As part of the initial investment, Ray Blake contributes equipment that had originally cost $87,200 and on which accumulated depreciation of $65,400 has been recorded. If similar equipment would cost $166,900 to replace and the partners agree on a valuation of $52,000 for the contributed equipment, what amount should be debited to the equipment account?

a.$52,000
b.$39,000
c.$166,900
d.$87,200
 
13. As part of the initial investment, Jackson contributes accounts receivable that had a balance of $39,615 in the accounts of a sole proprietorship. Of this amount, $1,521 is deemed completely worthless. For the remaining accounts, the partnership will establish a provision for possible future uncollectible accounts of $606. The amount debited to Accounts Receivable for the new partnership is

a.$39,009
b.$37,488
c.$38,094
d.$39,615
 
Please answer 1-13 correcly. Answer All the above 
Continue to order Get a quote

Answer all of the following qu

Uncategorized

Answer all of the following questions or don’t even bother urself 

 

1.Metabolism is the sum of all chemical reactions in the body. Which type of chemical reactions build more complex, larger substances from smaller simpler molecules?

  • A. endergonic
  • B. exergonic
  • C. catabolic
  • D. anabolic

 

2.In a negative feedback loop that controls human body temperature, the brain’s temperature regulation center serves as the _________________ within the feedback loop.

  • A. effector
  • B. stimulus
  • C. control
  • D. Sensor or Receptor

 

3.This class of cells in nervous tissue supports neurons and helps modulate the information carried by neurons.

  • A. neurons
  • B. microglia
  • C. associate neurons
  • D. neuroglia

4.The visceral pleura would represent a serous membrane ________.

  • A. lining the thoracic cavity
  • B. lining the abdominal cavity
  • C. covering individual lungs
  • D. covering the heart

5.

The upper arm is ___________________ to the forearm.

  • A. Distal
  • B. Anterior
  • C. Medial
  • D. Proximal

 

6.

The epidermis consists of five layers of cells, each layer with a distinct role to play in the health, well-being, and functioning of the skin. Which of the following layers is responsible for cell division and replacement?

  • A. stratum lucidum
  • B. stratum granulosum
  • C. stratum corneum
  • D. stratum basale
Continue to order Get a quote

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more