Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 17, 2024

Abad, Aglugub, and Onate agreed to share profits and losses according to the ratio of their respective investments at the beginning of the year of

Abad, Aglugub, and Onate agreed to share profits and losses according to the ratio of their respective investments at the beginning of the year of P300000, P250000, and P450000. Calculate the share of each partner under the following conditions: (a) P270000 profit; (b) P240000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

11th edition

978-1111528300, 1111528128, 1111528306, 978-1111528126

More Books

Students also viewed these Accounting questions

Question

★★★★★

Modify Prob. 8.102 as follows. Golf balls are dimpled, not smooth, and have higher lift and lower drag (CL 0.2 and CD 0.3 for typical backspin). Using these values, make a computer analysis of the...

Answered: 1 week ago

Question

★★★★★

Identify ways to make performance management systems more effective. P-63

Answered: 1 week ago

Question

★★★★★

3. Invite parents to school for an evening of strategy learning. Have the students teach their family members one of the strategies they have learned in school.

Answered: 1 week ago

Question

★★★★★

What are the four elements of a firms credit policy? To what extent can firms set their own credit policies as opposed to having to accept policies that are dictated by the competition?

Answered: 1 week ago

Question

★★★★★

QUESTION 14 Cary Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, and ships them to its chain of retail stores. Sales for 2002 were $450 million....

Answered: 1 week ago

Question

★★★★★

During 2019, Jason and Vicki Hurting, who are married with two children and filing jointly, had the following tax information. Jason owns a cash-basis landscaping business, and Vicki works as a sales...

Answered: 1 week ago

Question

★★★★★

Flower Company issues $2,000,000 of 8% bonds that pay interest semiannually and mature in 10 years. Compute the bonds issue price assuming that the bonds market interest rate is: A. 6% per year...

Answered: 1 week ago

Question

★★★★★

Two people each exert a force of 300 N, pulling a car by separate ropes in the East direction. The first person pulls at an angle of 20.0 N of E, and the second person pulls at an angle of 20.0 S of...

Answered: 1 week ago

Question

★★★★★

Value Lesson 3: Compton, de Broglie, and Wave-Particle Duality O 28 1. There are similarities and differences between the Photoelectric Effect and Compton Scattering. Complete each of the six partial...

Answered: 1 week ago

Question

★★★★★

The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the companys products is increasing, and management requests assistance from you in determining an economical sales...

Answered: 1 week ago

Question

★★★★★

Lodrobe Company manufactures a single product: wardrobes. Lodrobe's wardrobes have a unique design that is not replicated by any other wardrobe manufacturer. The company was formed at the beginning...

Answered: 1 week ago

Question

★★★★★

Do a brief research on the following Act Language. Identify the contributions of those it in language development. Place the link/s at the very end or bottom. 1. Ministerial Memorandum No. 523,p....

Answered: 1 week ago

Question

★★★★★

3. [0.33/1 Points] DETAILS PREVIOUS ANSWERS BBBASlCSTAT8 5.3.006. MY NOTES ASK YOUR TEACHER Consider the following. (a) Draw a tree diagram to display all the possible outcomes that can occur when...

Answered: 1 week ago

Question

★★★★★

4. Based on a message you have recently received, analyse it in relation to its three components: a. the information component, b. its relational component and c. its hierarchical component.

Answered: 1 week ago

Question

★★★★★

3. Give an example of a problem or phenomenon in everyday life where information is presented in an emotional way.

Answered: 1 week ago

Question

★★★★★

6. How can a message directly influence the interpreter?

Answered: 1 week ago

Previous Question Next Question