Accounting
Question:
Mace and Bowen are partners and share equally in income or loss. Mace’s current capital balance is $186,000 and Bowen’s is $162,500. Mace and Bowen agree to accept Kent with a 30% interest in the partnership. Kent invests $166,000 in the partnership. The amount credited to Kent’s capital account is:

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Economics
Question:
A firm is considering 2 capital investment projects. Project A involves an initial cost of $125,000. The discounted present value of all future cash flows is $145,000. Project B requires an initial expenditure of $85,000. The discounted present value of all future cash flows is $102,000. -Calculate the net present value of each of the 2 projects. Which would be preferred according to the net present value criterion? -Calculate the profitability index of each of the 2 projects. Which would be preferred according to the profitability index criterion?

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Finance
Question:
Galaxy United, Inc. 2009 Income Statement ($ in thousands)     Net sales $5,720        Less: Cost of goods sold 4,050        Less: Depreciation     420        Earnings before interest and taxes 1,250        Less: Interest paid       30        Taxable Income 1,220        Less: Taxes     427        Net income $   793        Galaxy United, Inc. 2008 and 2009 Balance Sheets ($ in thousands)     2008 2009     2008 2009   Cash $     70      $   170           Accounts payable  $1,330        $1,240       Accounts rec. 980      850           Long-term debt     720          500       Inventory 1,500      1,960           Common stock $3,120      $3,367       Total $2,550      $2,980           Retained earnings     910      1,203       Net fixed assets 3,530      3,330                 Total assets $6,080      $6,310           Total liab. & equity $6,080     $6,310     What is the debt-equity ratio for 2009? .47 .45 .23 .38 .27

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Finance
Question:
The length of time between the acquisition of inventory and the collection of cash from receivables is called the: accounts receivable period. accounts payable period. operating cycle. cash cycle. inventory period.

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Accounting
Question:
Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber’s beginning partnership capital balance for the current year is $314,000, and Atkins’ beginning partnership capital balance for the current year is $232,000. The partnership had net income of $152,000 for the year. Barber withdrew $86,000 during the year and Atkins withdrew $25,000. What is Barber’s ending equity

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