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

Question

1 Approved Answer

Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at 50%. Chris contributes $30,000 to the partnership for a

image text in transcribed
Thandie and Marco are partners with capital balances of $60,000. They share profits and losses at 50%. Chris contributes $30,000 to the partnership for a 1/3 share. What amount should Thandie's capital balance in the partnership be? A. $60,000 B. $50,000 C. $45,000 D. $30,000

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

Auditing Sustainable Development Goals Key Principles And Tools For Supply Chain

Auditing Sustainable Development Goals Key Principles And Tools For Supply Chain

Authors: Barden Gonzalez

1st Edition

B0BZFDM86C, 979-8388651501

More Books

Students also viewed these Accounting questions

Question

★★★★★
A point source of light is 5 cm above a plane reflecting surface (such as a mirror). Draw a ray from the source that strikes the surface at an angle of incidence of 45 o and two more rays that strike...

Answered: 1 week ago

Question

★★★★★
(a) Discuss how you would test for view serializability using a labeled precedence graph. (b) Using the above method, determine whether the following schedules are view serializable:

Answered: 1 week ago

Question

★★★★★
How will you assess learning if you have successfully differentiated instruction?

Answered: 1 week ago

Question

★★★★★
(Objectives of Financial Reporting) Karen Sepan, a recent graduate of the local state university, is presently employed by a large manufacturing company. She has been asked by Jose Martinez,...

Answered: 1 week ago

Question

★★★★★
Question 2 QUESTION TWO [20] F Heat started a business on 1 March 2019 to install air conditioners on the basis that the client will buy the air-conditioner through Heat and pay for it before it is...

Answered: 1 week ago

Question

★★★★★
Trudy is Jocelyn's friend. Trudy looks after Jocelyn's four-year-old son during the day so Jocelyn can go to work. During the year, Jocelyn paid Trudy $4,000 to care for her son. What is the amount...

Answered: 1 week ago

Question

★★★★★
There are two masses with mass, 2M and M. Which of the following statements is true? Group of answer choices The center of mass is closer to "2m" mass than "m" mass The center of mass is exactly...

Answered: 1 week ago

Question

★★★★★
Laurie needs to set up her operations to produce an order of 2,000 frozen pies for Thanksgiving. Considering the time to setup her process, she will have 10 working days to make the pies. She plans...

Answered: 1 week ago

Question

★★★★★
On January 1, 2022, Paxon Corporation acquired all of the outstanding common stock of Saxon Company for $2 billion cash. The prior to the combination, are shown below: Balance Sheets (in millions)...

Answered: 1 week ago

Question

★★★★★
Question 2 (20 Marks) Weekly sales of copy paper at Cubicle Suppliers are provided in the table below. Compute a three-period moving average and a four-period moving average for weeks 5, 6, and 7....

Answered: 1 week ago

Question

★★★★★
Andrea was an up - and - coming music producer at Too Loud Productions. One night while out at the clubs, Andrea discovered a new singer , Dylan. Andrea approached Dylan after the show and gave him...

Answered: 1 week ago

Question

★★★★★
2. Observe a press conference on television. Who is being interviewed? Who is conducting the interview? What is the goal of the press conference? How is control distributed? List five questions that...

Answered: 1 week ago

Question

★★★★★
5. Create a questionnaire that you will use the next time you visit a physician. Focus your questions on what is already known about your condition and what you want to know about possible treatment....

Answered: 1 week ago

Question

★★★★★
4. Devise an interview strategy from the interviewers point of view

Answered: 1 week ago

Previous Question Next Question