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julissav28346
27.05.2020 •
Business
Dawn, Garret and Josh have partnership capital account balances of $225000, $450000 and $105000, respectively. The income sharing ratio is Dawn, 50%; Garret, 40%; and Josh, 10%. Dawn desires to withdraw from the partnership and it is agreed that partnership assets of $195000 will be used to pay Dawn for her partnership interest. The balances of Garret’s and Josh’s Capital accounts after Dawn’s withdrawal would be
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Ответ:
Ending capital account balance of Garret = $426,000
Ending capital account balance of Josh = $99,000
Explanation:
For computation of ending capital account balance of Garret’s and Josh’s Capital accounts after Dawn’s withdrawal so in this case we need to find out first Dawn' s withdraw which is shown below:-
Balance remaining of Dawn = Beginning balance - Payment through assets
= $225,000 - $195,000
= $30,000
Ending capital account balance of Garret = Beginning capital account balance - Remaining balance will be allocated
= $450,000 - ($30,000 × 4 ÷ 5)
= $450,000 - $24,000
= $426,000
Ending capital account balance of Josh = Beginning capital account balance - Remaining balance will be allocated
= $105,000 - ($30,000 × 1 ÷ 5)
= $105,000 - $6,000
= $99,000
Ответ:
Hey whats the best thing about Switzerland?
I don't know but the flag is a big plus!
Did you hear about the mathematician who’s afraid of negative numbers?
He will stop at nothing to avoid them!
Why do we tell actors to break a leg?
Because every play has a cast!
I know the last one isn't math but still.