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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
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A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
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Q: The following are the capital balances and share in each profit of Ring Partnership: Aragorn…
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A: As per rule, allowed to answer one question at a time and post the remaining on the next submission.
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Problem III
The following are the capital balances and share in each profit of Ring
Aragorn 300 50%
Legolas 200 30%
Gimli 200 20%
11. How much did Gandalf have invested for 25% interest if after his admission in the firm the capital balance of Legolas increased by P24?
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- Problem III The following are the capital balances and share in each profit of Ring Partnership: Aragorn 300 50% Legolas 200 30% Gimli 200 20% 15. If all non-cash assets were sold at a loss of P200, how much did Gimli received if the firm paid all its liabilities of P100 (at book value)?Problem III The following are the capital balances and share in each profit of Ring Partnership: Aragorn 300 50% Legolas 200 30% Gimli 200 20% 10. If Gandalf was admitted by paying the partners P100 for 10% interest in the firm, how much will be the capital of Aragorn after the admission if implied goodwill was recorded?Problem III The following are the capital balances and share in each profit of Ring Partnership: Aragorn 300 50% Legolas 200 30% Gimli 200 20% 12. If Gimli withdrew from the firm and received P280, how much is the capital of Legolas if prior to withdrawal, the firm recorded a goodwill of P200.
- Problem III The following are the capital balances and share in each profit of Ring Partnership: Aragorn 300 50% Legolas 200 30% Gimli 200 20% 14. If the partnership was liquidated and Gimli received P140, how much did Legolas received? (Aragorn is insolvent)ADMISSION NEW PARTNER INVESTS PROBLEM B Acacia and Karla capital is P480,000 and P520,000. Profit share ratio is 4:6. Bubbles Invested P500,000 for a 30% Interest in the partnership. 3. What is the capital of Acacia after admitting Bubbles? a. 480,000 b. 500,000 c. 520,000 d. 550,000 4. What is the capital of Karla after admitting Bubbles? a. 480,000 b. 500,000 c. 520,000 d. 550,000 5. What is the capital of Bubbles after admission? a. 450,000 b. 500,000 c. 520,000 PROBLEM C d. 550,000 Partners All and Charish capital is P480,000 and P520,000. Their share profits and losses equally in their merchandising business. After admitting Blaire, they agreed to have a total capital of P2,500,000. The new partner invested P500,000 for a 30% interest in the business. 6. What is the capital of Ail and Charish after admitting Blaire? a. 500,000 and 750,000 b. 750,000 and 855,000 c. 855,000 and 895,000 d. 895,000 and 855,000 7. What is the capital of Blaire after admission? a. 500,000 b. 750,000 c.…PROBLEM 2 lan Abuzo and Charles Edulan were partners who shared profits and losses in the ratio of 1:3. Their respective capital balances were as follows: Abuzo - P250,000 Edulan - P300,000 Evangeline Jamili joins the partnership by buying % interest from Abuzo. Required: Answer the following questions: 1. How much is the book value of the interest purchased by Jamili. Answer:
- 4.3 The Capital of bah and Rah are as follows: Bah 25, 000 Rah 15,000 They share profits equally. Kuh will buy 1/5 the interest and earnings of Bah for 8,000 and Dah will buy 1/2 the interest and earnings of Rah for 7,000. REQUIRED: a. Entry to record the admission of the new partners. b. What is the interest of each partner in the new partnership? c. What is the new profit and loss sharing ratio?O b. Equity. O c. Fixed income payments. O d. Security. Clear my choice Zinedine Zidane purchased 100 shares of Real Madrid common stock at $40 per share. Assume that the initial margin is 55% and the maintenance margin equals 25%. At which of these prices will Zidane face a margin call? O a. $29.3 Ob. $40 Q C. $24 O d. $15 近Problem #3 SCORE: PROFESSOR Rules for the Distribution of Profits or Losses Elisa Diar and Ma. Concepcion Manalo formed a partnership, investing P330,000 and P110,000, respectively. Determine the partners' participation in the 2019 profit of P420,000 under each of the following independent assumptions: E. Interest at the rate of 8% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of P50,000 and P70,000, respectively, and the balance to be divided equally e. Allowance of interest at the rate of 8% on inal investments, salary allowances P50,000 and P70,000, respectively, and the remainder to be divided equally
- Can I please get help with this practice question 7.13 Watts and Lyon are forming a partnership. Watts invests $40,000 and Lyon invests $60,000. The partners agree that Watts will work one-fourth of the total time devoted to the partnership and Lyon will work three-fourths. They have discussed the following alternative plans for sharing income and loss: (a) in the ratio of their initial capital investments; (b) in proportion to the time devoted to the business; (c) a salary allowance of $24,000 per year to Lyon and the remaining balance in accordance with the ratio of their initial capital investments; or (d) a salary allowance of $24,000 per year to Lyon, 9% interest on their initial capital investments, and the remaining balance shared equally. The partners expect the business to perform as follows: Year 1, $16,000 net loss; Year 2, $40,000 net income; and Year 3, $66,667 net income. . Note: Enter all allowances as positive values. Enter losses and capital deficits, if any, as…Suppose that the market price of Company A is $50 per share and that of Company B is $20. If A offers half a share of common stock for each share of B, what is the percentage increase in wealth for B's shareholders? (Assume that the offer has no effect on the value of A's shares.) +25 percent −20 percent +20 percent −25 percentQuestion Stephanie Calamba and Allan Brillantes decided to form a partnership. They agreed that Calamba will invest P200,000 and Brillantes, P300,000. Calamba will devote full time to the business, and Brillantes on part-time only. The following plans for the division of profits are being considered: 1. Interesto of 10% on original investments and the remainder 3:2 2. Interest of 10% on original investments, salary allowances of P340,000 to Calamba and P170,000 to Brillantes, and the remainder equally. 3. Plan (e), except that Calamba is also to be allowed a bonus equal to the 20% of the amount by which profit exceeds the salary allowances. Determine the partners’ share in profit or loss for each of the situations above assuming: (1) Profit of P1,500,000 (2) Profit of P660,000