If i understand your question properly, you want to determine how much each partner wiil have based on the sharing ratio.
Answer:
Alex- $40,000
Brad- $30,000
Carl- $30,000
Explanation:
For a net loss of $100,000 shared between partners in the ratio 4:3:3, the value of each partner's ratio can be calculated as seen below.
Step 1: Add the ratios
i.e; 4 + 3 + 3 = 10
Step 2: Calculate the value of each ratio in $100,000 using te formula
(ratio value ÷ total ratio) × $100,000
For Alex, we have
(4 ÷ 10) × $100,000
= 0.4 × $100,000
= $40,000
For Brad, we have
(3 ÷ 10) × $100,000
= 0.3 × $100,000
= $30,000
For Carl, we have
(3 ÷ 10) × $100,000
= 0.3 × $100,000
= $30,000
N.B: To confirm if the value of each ratio is correct, you can add up the values to see if it makes $100,000. If it doesn't, then the calculatio is wrong.
Adding the value of the ratios, we have $40,000 + $30,000 + $30,000 = $100,000.
i hope this helps
150 units times 600 units equals 75 units 100 units 200 units 300 units 400 units 506 177 units 35 units data table units 4582 units 240 money $14
Answer:
Purchase discounts is a contra revenue account. Revenue accounts carry a natural credit balance; purchase discounts has a debit balance as a contra account. On the income statement, purchase discounts goes just below the sales revenue account.
Answer:
(B) Assets will increase by $20,000, liabilities will increase by $20,000, and stockholders' equity will remain unchanged
Explanation:
Signing a note of $20,000 with a bank to purchase an equipment will have the following double entry in the books of the borrower.
Debit Equipment (asset) account $20,000 (an increase in assets)
Credit Bank Notes (liability) account $20,000 (an increase in liabilities).
Answer:
2
Explanation:
As a result of the weather, the demand for chocolate increases. the demand curve shifts to the right. there is an increase in equilibrium price and quantity
As a result of the channels closing, the supply of imported cocoa falls. As a result, supply decreases. the supply curve shifts to the left