Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

Partnership between Mr. james, Mr. Dun , Mr. kim and Mr. Lynn is about to liquidate. After taking care of the bills and losses, the

Partnership between Mr. james, Mr. Dun , Mr. kim and Mr. Lynn is about to liquidate. After taking care of the bills and losses, the profit was $ 35980. Based on their contributions, each member gets their share from the profit. Mr. james contributed 25000, Mr. Dun contributed $30000 and both Mr. Kim and Mister Lynn contributed 20000 each. How much will each member recieve from the profits?

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

Auditing Security And Controls Of Windows Active Directory Domains

Authors: Derek Melber

1st Edition

0894135635, 978-0894135637

More Books

Students also viewed these Accounting questions

Question

★★★★★

Regulation is often proposed on the basis of equity considerations and opposed on the basis of efficiency considerations. As a result, the regulation versus deregulation controversy is not easily...

Answered: 1 week ago

Question

★★★★★

Give some important characteristics of eff ective writing in business.

Answered: 1 week ago

Question

★★★★★

Jason Kemp was torn between conflicting emotions. On the one hand, things were going so well. He had just completed six months as the assistant financial manager in the Electronics Division of...

Answered: 1 week ago

Question

★★★★★

Partnership between Mr. james, Mr. Dun , Mr. kim and Mr. Lynn is about to liquidate. After taking care of the bills and losses, the profit was $ 35980. Based on their contributions, each member gets...

Answered: 1 week ago

Question

★★★★★

Using the Vigenere cipher, encrypt the word "explanation" using the key "leg". This problem explores the use of a one-time pad version of the Vigenere cipher. In this scheme, the key is a stream of...

Answered: 1 week ago

Question

★★★★★

Level 1: Modify the program to make the LED flash slow three times (1000 ms delay), then quickly three times. (100 ms delay)

Answered: 1 week ago

Question

★★★★★

2) Turbojet Engine A standard turbojet engine dries an airplane traveling with a velocity of 290 m/s at a height where the pressure is 28 kPa and the temperature is -40 C. The compressor pressure...

Answered: 1 week ago

Question

★★★★★

The FBI was conducting electronic surveillance of a mafia cell in New York City. At one end of the telephone conversation, a voice indicated that "I will remove the problem and bury it in the Hudson...

Answered: 1 week ago

Question

★★★★★

How do you find the IP address of your Linux machine using the command line? 2. (10 pt) Display your current directory in a terminal

Answered: 1 week ago

Question

★★★★★

A company uses a two-variance analysis for overhead variances, controllable and volume. The volume variance is the difference between the factory overhead applied at standard and: a. Total factory...

Answered: 1 week ago

Question

★★★★★

Approaches to Managing Organizations

Answered: 1 week ago

Question

★★★★★

Do members demonstrate respect for one anotherfor example, by keeping disagreements focused on the issues or positions at hand rather than on personal character?

Answered: 1 week ago

Question

★★★★★

Communicating Organizational Culture

Answered: 1 week ago

Previous Question Next Question