- Max, Jones, and waters shared profits and losses 20%, 40%, and 40% respectively and their partnership capital balance is 10,000, 30,000, and 50,000 respectively. Max had decided to withdraw from the partnership. An appraisal of the business and its property estimates the fair value to be 200,000. Land with book value of 30,000 has a fair value of 45,000. Max has agreed to receive 20,000 in exchange for her partnership interest. What amount should land be recorded on the partnership books?
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. Max , Jones , and waters shared profits and losses 20% , 40% , and 40% respectively andtheir partnership capital balance is 10 , 000 , 30 , 000 , and 50, 000 respectively . Max hasdecided to withdraw from the partnership . An appraisal of the business and its propertyestimates the fair value to be 200, 000 . Land with book value of 30, 000 has a fair value of45, 000 . Max has agreed to receive 20, 000 in exchange for her partnership interest . Whatamount should land be recorded on the partnership books ?2 .On July 1 , ML and PP formed a partnership , agreeing to share profits and losses in theratio of 4:6 respectively . ML contributed a parcel of land that cost her 25 , 000 . PPcontributed 50 , 000 cash . The land was sold for 50, 000 0 July 1 four hours after formationof the partnership . How much should be recorded in ML’s capital account on thepartnership formation .3 .Paul , Jeremy , and Juan are forming a partnership . Juan contributes a building having ahistorical cost , accumulated depreciation , and market value of 290 , 000 , 100 , 000 , and400, 000 respectively . The building is initially recorded on the partnership books at Juan’sbook value ( 190 , 000 ) Two years later the building is sold for a 270, 000 gain . What portionof the profit or loss should be allocated to Juan ?"4 .Albert , Claude , and Jamie form a partnership by contributing 25 , 000 , 70 , 000 , and 80 , 000respectively . In addition , the partners agree that albert should receive 20 , 000 of goodwillbecause of his special skills relevant to this business . What amount of capital will exist forClaude when the partnership is formed ?"5 .Max , Ike , and Tony are forming a partnership . The appraised value of assets contributedis 60 , 000 , 80 , 000 , and 100 , 000 respectively . In addition , Max and Tony agree that Ike’sexperience is worth 30, 000 . The partners desire to apply the bonus method whereapplicable . What is the total capital recorded at the date the partnership is formed ?.Richardson , Peterson , and Wilkerson are forming a partnership . The partners contributecash and non cash assets valued at 30, 000 , 50, 000, and 25, 000 respectively . The partnerschoose to apply the bonus method where applicable . If the partners agree to establishequal capital account balances when the partnership is formed , how much of a bonus isreceived by Richardson ?Bill and Ken enter into a partnership agreement in which Bill is to have a 60% interest incapital an profits and Ken is to have a 40% interest in capital and profits . Bill contributesthe following :"CostFair ValueLand10 , 000Building20 , 00060 , 000Equipment100 , 00020, 00015, 000There is a 30, 000 mortgage on the building that the partnership agrees to assume . Ken8 . WWW and MM drafted a partnership agreement that list the following assets contributedof the partnership’s formation :"contributes 50, 000 cash to the partnership . Bill and Ken agree that Ken’s capital accountGoodwill should be recorded in the amount of ?should equal Ken’s 50, 000 cash contribution and that goodwill should be recorded .
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Maurice Company Allocates Overhead Using Direct Labour Hours
/in Uncategorized /by developerMaurice company allocates overhead using direct labour hours.For 2016, the estimated and actual labour hours were 180,000 and 167,000 respectively, and the predetermined overhead rate used to apply overhead for the year was 24.80 $ per direct labour hours . The manufacturing overhead control T- account showed a debit balance of 183,550 $ at the end of the year, and this balance was disposed of at the end of the year by closing it to cost of good sold.
Required:
1- was manufacturing overhead under or overapplied
2- compute the actual overhead amount incurred over the year.
3-prepare the journal entry to close out the overhead account
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Mauro Products Distributes A Single Product A Woven Basket Whose Selling Price I 1
/in Uncategorized /by developerMauro Products distributes a single product, a woven basket whose selling price is $29 per unit and whose variable expense is $23 per unit. The company’s monthly fixed expense is $7,200.
Required:
1. Calculate the company’s break-even point in unit sales.
2. Calculate the company’s break-even point in dollar sales. (Do not round intermediate calculations.)
3. If the company’s fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (Do not round intermediate calculations.)
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Mauro Products Distributes A Single Product A Woven Basket Whose Selling Price I
/in Uncategorized /by developerRequired:
(Do not round your intermediate calculations.)
(Do not round intermediate calculations. Round “CM ratio percent” to nearest whole percent.)
(Do not round your intermediate calculations.)
(Do not round intermediate calculations. Round “CM ratio percent” to nearest whole percent.)
CM ratio_________%?
Break-even point in dollar sales _______________?
Selling PriceVariable ExpensesContribution MarginFixed Expenses 22.0015.626.3815,312 1) BEP in Unit sales using Equation Method 2400Working:EquationWhere:P = Sales Price Per Unitv =…
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Mauve Inc Has The Following For 2010 2011 And 2012 And No Prior Ace Adjustments
/in Uncategorized /by developer11. Mauve, Inc., has the following for 2010, 2011, and 2012 and no prior ACE adjustments.2010 2011Pre-adjusted AMTI2012$12,000 $15,000 $8,0005,000What is the ACE adjustment for each of the three years?2012($1,500)($3,000)$3,000$2,250($2,250)____ 12. Which of the following statements is correct?a. A C corporation classified as a small corporation is eligible to have the AMT calculated using the AMT provisions for individuals.b. A C corporation classified as a small corporation is not subject to the AMT.c. A C corporation classified as a small corporation is subject to the AMT only on its adjusted current earnings.d. A C corporation classified as a small corporation is eligible to use the 15%/0% tax rate on net capital gain and qualified dividends rather than the regular tax rates applicable to other C corporations.e. a., b., and c. are correct.____ 13. Which of the following statements regarding a 52-53 week tax year is not correct?a. Some tax years will include more than 366 calendar days.b. Whether the particular tax year includes 52 weeks or 53 weeks is not elective.c. The year-end must be the same day of the week in all years. d. All of the above are correct.e. None of the above is correct
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Max Jones And Waters Shared Profits And Losses 20 40 And 40 Respectively And The
/in Uncategorized /by developer. Max , Jones , and waters shared profits and losses 20% , 40% , and 40% respectively andtheir partnership capital balance is 10 , 000 , 30 , 000 , and 50, 000 respectively . Max hasdecided to withdraw from the partnership . An appraisal of the business and its propertyestimates the fair value to be 200, 000 . Land with book value of 30, 000 has a fair value of45, 000 . Max has agreed to receive 20, 000 in exchange for her partnership interest . Whatamount should land be recorded on the partnership books ?2 .On July 1 , ML and PP formed a partnership , agreeing to share profits and losses in theratio of 4:6 respectively . ML contributed a parcel of land that cost her 25 , 000 . PPcontributed 50 , 000 cash . The land was sold for 50, 000 0 July 1 four hours after formationof the partnership . How much should be recorded in ML’s capital account on thepartnership formation .3 .Paul , Jeremy , and Juan are forming a partnership . Juan contributes a building having ahistorical cost , accumulated depreciation , and market value of 290 , 000 , 100 , 000 , and400, 000 respectively . The building is initially recorded on the partnership books at Juan’sbook value ( 190 , 000 ) Two years later the building is sold for a 270, 000 gain . What portionof the profit or loss should be allocated to Juan ?"4 .Albert , Claude , and Jamie form a partnership by contributing 25 , 000 , 70 , 000 , and 80 , 000respectively . In addition , the partners agree that albert should receive 20 , 000 of goodwillbecause of his special skills relevant to this business . What amount of capital will exist forClaude when the partnership is formed ?"5 .Max , Ike , and Tony are forming a partnership . The appraised value of assets contributedis 60 , 000 , 80 , 000 , and 100 , 000 respectively . In addition , Max and Tony agree that Ike’sexperience is worth 30, 000 . The partners desire to apply the bonus method whereapplicable . What is the total capital recorded at the date the partnership is formed ?.Richardson , Peterson , and Wilkerson are forming a partnership . The partners contributecash and non cash assets valued at 30, 000 , 50, 000, and 25, 000 respectively . The partnerschoose to apply the bonus method where applicable . If the partners agree to establishequal capital account balances when the partnership is formed , how much of a bonus isreceived by Richardson ?Bill and Ken enter into a partnership agreement in which Bill is to have a 60% interest incapital an profits and Ken is to have a 40% interest in capital and profits . Bill contributesthe following :"CostFair ValueLand10 , 000Building20 , 00060 , 000Equipment100 , 00020, 00015, 000There is a 30, 000 mortgage on the building that the partnership agrees to assume . Ken8 . WWW and MM drafted a partnership agreement that list the following assets contributedof the partnership’s formation :"contributes 50, 000 cash to the partnership . Bill and Ken agree that Ken’s capital accountGoodwill should be recorded in the amount of ?should equal Ken’s 50, 000 cash contribution and that goodwill should be recorded .
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Max Points 0 Assume The Financing Gurus Of A Weekend Investment Television Progr
/in Uncategorized /by developerMax Points: 10.0Assume the financing gurus of a weekend investment television program predicted a 50% chance of XYZ stock gaining in January and a 50% chance of gaining in February. Your financial advisor sees this and tells you there is a 100% chance XYZ stock will gain over the 2-month period. Would you continue to use this financial advisor? Explain.
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Max Points 0 Identify Two Business Situations Or Problems Within Your Current Or
/in Uncategorized /by developerMax Points: 5.0
Identify two business situations or problems within your current organization or industry. Articulate how one of these lends itself to a simple linear regression and how one does not. Why is simple linear regression appropriate to address one situation or problem but not the other? Support your ideas with evidence from the readings.
For the education industry-
Example that can be used
Tryouts for sports- more try out than expected
Drop out rates
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Max Points 0 Read Key Features Of The Affordable Care Act By Year Located On The
/in Uncategorized /by developerMax Points: 5.0
Read “Key Features of the Affordable Care Act by Year,” located on the U.S. Department of Health & Human Services website, that is found in the Topic Materials. Select an issue in the timeline and research one journal or Internet article that discusses where the issue stands in the process of health care reform implementation. Include your opinion on effectiveness and quality related to the issue, using literature to support your stance.
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Max Weber Once Observed That Politics Is The Slow Boring Of Hard Boards By This
/in Uncategorized /by developerMax Weber once observed that “politics is the slow boring of hard boards.” By this he meant that:
Question 1 options:
people are resistant to political change
political change is never achieved easily
politics is extremely ineffective in bringing about social change
revolution is the most effective means of bringing about political change
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Max Weber S Bureaucratic Theory On Bureaucracy Is The Basis For The Systematic F
/in Uncategorized /by developerMax Weber’s bureaucratic theory on bureaucracy is the basis for the systematic formation of any organization and is designed to ensure efficiency and economic effectiveness. It is an ideal model for management and its administration to bring an organizations power structure into focus.
While reading over this week’s forum discussion about criminal justice agencies that most closely align with the bureaucratic management style, I couldn’t help but think about the role that hierarchy of authority, Division of Labor, and Written Rules play in most agencies. Not only did Hierarchy of authority stick out the most to me probably because of my military background and understanding the ranking structure in it but also because it can be seen almost everywhere in law enforcement and even correction agencies there is always that standard ranking system. That ranking system is kind of like pyramid of sorts that helps dissect your roles and positions in the agencies. Agencies usually consist of a few sergeants that rank above your standard officers. The sergeants will issue out taskings and jobs to the lower ranking officers that are to be carried out.
The second style I wanted to talk about was division of labor. The division of labor deals with the overall performance of functions that are made up of multiple sections inside of an organization. Division of labor helps split up the work load so not just one person is slammed with all the work splitting up the work load will also help out so there’s not a single point of failure. A good example of this is in any police precinct. Each officer or squad is assigned a different tasking for example dividing up certain sections of the city for the officers to patrol or watching certain high ways.
The third and final style I’m going to talk about is written rules. Written rules stuck out to me again because of my military background and how I have to follow the Uniform Code of Military Justice. Written rules can be found in any police agency. They are just recorded written down rules, policies, procedures, decisions, and administrative acts. While being on duty you are required to not only know and follow these written rules but also enforce them.
I need you to read that and write a response back in 150 words apa style
In your response posts to classmates, evaluate the unique characteristics they have identified. If you agree with the classmate’s assessment of the characteristics, elaborate more on the unique aspects of these characteristics and how they align criminal justice agencies to the bureaucratic management style. If you disagree, respectfully highlight the points that you feel are incorrect, being sure to support the opposing position that you are taking.
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