Calculate the new profit sharing ratio
Dave and Peterson are partners sharing profits in the ratio of 5:3. Victoria is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio.
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Great Forks Hospital reported net income for 2012 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million.
An acetylene tank for oxyacelylene welding will provide 9340 liters of acetylene gas, C2H2, at STP. How many tanks of oxygen, each providing 7.00 X 10 to the 3rd liters of O2 at STP, will be required to burn the acetylene, forming CO2 and H2O?
Determine the payback period for each project. Calculate the NPV and PI for each project based on a 10 percent cast of capital. Which, if either, of the projects is acceptable?
E3-8 (Adjusting Entries) Andy Roddick is the new owner of Ace Computer Services. At the end of August 2014, his first month of ownership, Roddick is trying to prepare monthly financial statements.
In addition, the company has fixed selling and administrative costs of $150,000 per year. During the year, Peak produces 45,000 snow blowers and sells 30,000 snow blowers. Ignoring taxes, how much will full costing profit differ from variable cos
There were 6,000 units in beginning inventory. During the year the company manufactured 60,000 units and sold 63,500 units. If net income using variable costing was $109,750, how much is net income using full costing?
What volume of a concentrated HCl solution, which is 36% HCl by mass and has a density of 1.179 g/mol, should be used to make 4.70 L of an HCl solution with a pH of 1.9?
Marginal profits will be taxed at a 35 percent rate. lithe project's operating cash flow is $1 million, what is the project's depreciation expense? Its net income?
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