subject
Math, 28.10.2019 14:45 RoseTheShadowHunter

Problem #5
rules for the distribution of profits or losses
-
-
in january 2019, nick marasigan and dems asacta agreed to produce and sell
candies. marasigan contributed p2,400,000 in cash to the business. asacta contributed
the building and equipment, valued at p2,200,000 and p1,400,000, respectively. the
partnership had profits of p840,000 during 2019 but was less successful during 2020
when profit was only p400,000.
required:
1. prepare the journal entry to record the investment of both partners in the
partnership.
2. determine the share of profit for each partner in 2019 and 2020 under each of the
following conditions:
a. the partners agreed to share profit equally.
b. the partners failed to agree on a profit-sharing arrangement.
c. the partners agreed to share profit according to the ratio of their original
investments.
d. the partners agreed to share profits by allowing interest of 10% on their original
investments and dividing the remainder equally.
e. the partners agreed to share profits by allowing salaries of p400,000 for
marasigan and p280,000 for asacta, and dividing the remainder equally.
f. the partners agreed to share profits by paying salaries of p400,000 to marasigan
and p280,000 to asacta, allowing interest of 9% on their original investments,
and dividing the remainder equally.​

ansver
Answers: 1

Another question on Math

question
Math, 28.10.2019 19:29
Arnold and jay try the roller coaster of the newly opened amusement park. this roller coaster befins at 90 feet above the ground level. then it descends 105 feet. what would be the height of the roller coaster after the first descent
Answers: 1
question
Math, 28.10.2019 21:29
The intensity (i) of light from a bulb is inversely proportional to the square of the distance (d) from the bulb. if i=90 w/m² when the distance d=20m, find the intensity at a distance of 10cm​
Answers: 1
question
Math, 28.10.2019 21:29
System of linear equation by substitutionsolve the following(with solution): [tex]3x + 5y = 8 \\ 2x - y = 1[/tex]​
Answers: 2
question
Math, 28.10.2019 22:28
Sketch the graphs of the following quadratic function in the same coordinate system.(use graphing paper)​a.f(×)=2×2+3b.f(×)=2(×-3)2-1c.f(×)=2(×+2)2d.f(×)=-2×2+3e.f(×)=2(×+1)2-2f.(×)=2(×+4)2g.f(×)=-2×2-1h.f(×)=2(×+3)2+5i.f(×)=2(×-3)2-2j.f(×)=-2(×-1)2pls give some answer and solution now
Answers: 3
You know the right answer?
Problem #5
rules for the distribution of profits or losses
-
-
in january 2019,...
Questions
question
World Languages, 28.11.2021 02:55
question
Edukasyon sa Pagpapakatao, 28.11.2021 02:55
question
Science, 28.11.2021 02:55
question
Physics, 28.11.2021 02:55
question
Araling Panlipunan, 28.11.2021 02:55
question
Technology and Home Economics, 28.11.2021 02:55