F.E.R

Franco and Jason share income and losses in a 2:1 (2/3 to Franco and 1/3 to Jason) ratio after allowing for salaries of $17,100 and $47,100, respectively. If the partnership suffers a $16,500 loss, by how much would Jason's capital account increase?

a.$47,100

b.$35,900

c.$41,600

d.$20,200

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.$10,000

b.$20,000

c.$30,000

d.$80,000

Use this information about Product A and Product B to answer the question that follows.

Next year's sales forecast shows that 20,000 units of Product A and 22,000 units of Product B are going to be sold for prices of $10 and $12 per unit, respectively. The desired ending inventory of Product A is 20% higher than its beginning inventory of 2,000 units. The beginning inventory of Product B is 2,500 units. The desired ending inventory of Product B is 3,000 units.

Budgeted production of Product B for the year would be

a.22,500 units

b.23,200 units

c.24,500 units

d.26,500 units