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guajiro [1.7K]
2 years ago
14

Addie, Brady and Carson form Capital City Partnership. The Partnership Agreement provides profits and losses are divided equally

among partners. Addie contributes expertise; Brady contributes $300,000; and Carson contributes $150,000. After a year, Brady adds $450,000 as a loan. Ten years later, Capital City Partnership owes $300,000 to creditors, total assets are $1,500,000, and the partners decide to dissolve the business. How will the assets be distributed and how much will each partner receive?
Business
1 answer:
irinina [24]2 years ago
3 0

Answer:

Brady will receive $850,000

Carson will receive $250,000

Addie will receive $100,000

Creditors will receive $300,000  

Explanation:

The partnership is being dissolved and $1,500,000 will be distributed as follows:

$300,000 to pay debts to creditors

$450,000 to pay for Brady's loan

$300,000 for Brady's initial contribution

<u>$150,000 for Carson's initial contribution</u>

$300,000 are left to be divided equally between the three partners:

  • Brady will receive: $450,000 + $300,000 + $100,000 = $850,000
  • Carson will receive: $150,000 + $100,000 = $250,000
  • Addie will receive $100,000

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2 years ago
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Answer:

The Journal entries are as follows:

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To Accounts receivable       $697,920

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(b) Allowance for doubtful accounts    Dr. $6,591

To Accounts receivable                                           $6,591

(To record the write-off of uncollectible accounts)

(c) (i) Accounts receivable A/c    Dr. $2,948

To Allowance for doubtful accounts               $2,948

(To reinstate account previously written off)

(ii) Cash A/c         Dr. $2,948

To Accounts receivable        $2,948

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To Allowance for doubtful accounts                                    $17,203

(To record bad debt expense for the period)

Ending balance in accounts receivables:

= Opening balance + sales on account during the period - Collection during the period - write off during the period

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Answer:

Follows are the solution to this question:

Explanation:

follows are the tasks, which is not in the priority order and at hand at Hospital XYZ:

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IT: Study application in the physician's office for the implementation of new technology.

If valuing such activities, it should remember, that this patient (client) becomes impacted mainly. The clinicians or staff involved in Tasks 1 & 2, because Task 2, the very first priority must be considered, and also some standards must be developed, by each nurse, with remote care issues.

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Respondents-Patients, Professions

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