FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On July 1, Rose, Guada and Marie decided to form the Argem Company, a general partnership. Rose invested cash worth P500,000 and a computer that

image text in transcribed
On July 1, Rose, Guada and Marie decided to form the Argem Company, a general partnership. Rose invested cash worth P500,000 and a computer that cost her P60,000 with Accumulated Depreciation of P15,000. Guada invested office tables and chairs worth P 100,000 and Marie invests her management expertise to the business operation. How much is the total capitalization of the Partnership after the investment of the partners

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

The Marketing Audit The Hidden Link Between Customer Engagement And Sustainable Revenue Growth

The Marketing Audit The Hidden Link Between Customer Engagement And Sustainable Revenue Growth

Authors: Orlando Skelton

1st Edition

1329190513, 978-1329190511

More Books

Students also viewed these Accounting questions

Question

★★★★★
Please select an organization you are familiar with and describe the organization's culture and how an ethical and socially responsible culture is built and maintained. What is the role of the...

Answered: 1 week ago

Question

★★★★★
(105) In what sense is a reinvestment rate assumption embodied in the NPV, IRR, and MIRR methods? What is the assumed reinvestment rate of each method?

Answered: 1 week ago

Question

★★★★★
28. Show ????????????(????, ????[????|????]) = ????????????(????, ????).

Answered: 1 week ago

Question

★★★★★
On January 1, 2014, Valdez Company had Accounts Receivable $91,000 and Allowance for Doubtful Accounts $8,100. Valdez Company prepares financial statements annually. During the year, the following...

Answered: 1 week ago

Question

★★★★★
On July 1, Rose, Guada and Marie decided to form the Argem Company, a general partnership. Rose invested cash worth P500,000 and a computer that cost her P60,000 with Accumulated Depreciation of...

Answered: 1 week ago

Question

★★★★★
C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2021, to advance Jeff $50,000 on a...

Answered: 1 week ago

Question

★★★★★
Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (5,000 units) $150,000 Variable...

Answered: 1 week ago

Question

★★★★★
Find the stable reactor period for the zero-power reactor whose no response is shown in Figure 1.35 1.3 1.25 1.2 1.15 1.1 1.05 1 0 0.25 0.5 0.75 Time (s) 1 1.25 1.5

Answered: 1 week ago

Question

★★★★★
Dolan Products is a small, family-owned audio component manufacturer. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic...

Answered: 1 week ago

Question

★★★★★
ANOVA CASE STUDY The watch supervisor wants to know if there is a statistical significance between the working shift's productivity. The following data pertains: 4 PMMidnight 21 Midnight 8 AM...

Answered: 1 week ago

Question

★★★★★
the McKinsey Customer Decision Journey model of consumer behavior suggests that the best thing fter customers make a purchase is: Begin an ongoing and regular process of exposing them to the brand\'s...

Answered: 1 week ago

Question

★★★★★
If I gave you this job, what would you accomplish in the first three months?

Answered: 1 week ago

Question

★★★★★
Describe your strongest attribute with an example of how it paid off.

Answered: 1 week ago

Question

★★★★★
Describe a time when you worked through a difficult coworker situation.

Answered: 1 week ago

Previous Question Next Question