Q8. Please answer the question correctly with solution ASAP. Thank you. CABLES General Professional Partnership, a business formed by Carlo and Jamie, have thefollowing data in its books:1Carlo, CapitalFeb 28P50,000 Jan 1 Balance.P300,00020,000June 1Oct 175,000P345,000Jamie, CapitalAug 12,000 Jan 1 BalanceNov 110,000 May 1Dec 15,000Carlo, DrawingJan 1-Dec 3120,000Jamie, Drawing30,000Jan 1-Dec 31Income SummaryDec 31How much is the peso month average capital of Carlo?P410,00025,000P418,000P750,000

The average capital of partners is calculated on the basis of time period for the capital balance…

CABLES General Professional Partnership, a business formed by Carlo and Jamie, have the following data in its books: 1 Carlo, Capital Feb 28 P50,000 Jan 1 Balance. P300,000 June 1 20,000 Oct 1 75,000 P345,000 Jamie, Capital 2,000 Jan 1 Balance 10,000 May 1 5,000 Carlo, Drawing 20,000 Jamie, Drawing 30,000 Income Summary Dec 31 Aug 1 Nov 1 Dec 1 Jan 1-Dec 31 Jan 1-Dec 31 P410,000 25,000 P418,000 P750,000

CABLES General Professional Partnership, a business formed by Carlo and Jamie, have the following data in its books: 1 Carlo, Capital Feb 28 P50,000 Jan 1 Balance. P300,000 June 1 20,000 Oct 1 75,000 P345,000 Jamie, Capital 2,000 Jan 1 Balance 10,000 May 1 5,000 Carlo, Drawing 20,000 Jamie, Drawing 30,000 Income Summary Dec 31 Aug 1 Nov 1 Dec 1 Jan 1-Dec 31 Jan 1-Dec 31 P410,000 25,000 P418,000 P750,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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e 2018 Cash Co X+ com/quiz/28465383 press Lazada a Agoda.com e Quiz | Edmodo Department of Edu. e Classes | Ec Question 1 5 points You are a financial Manager of Chevron Corp. You need to assess the effectiveness of working capital management of the company for 2018 using the following data. What is t 2018 Receivable turnover? 2017 Account Receivable = 15 3o00 2018 Account Receivable = 15.050,00 2017 Inventory =5585.000 2018 Inventory = 5.704.000 2017 ACcounts Payable = 14.565:.000 2018 Accounts Payable = 10 952 0 2017 Sales = 134,674,000 2018 Sales = 158 902.000 2017 Cost of Saies = 95, 114 CUD 2018 Cost of Sales = 110 997 000 2017 PUtchases = 96 114000 2018 Purchases 123 435 000 10 17 f8 f6
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