Accounting Question:amount credited to Kent’s capital account is
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

