Liquidating Partnerships

Prior to liquidating their partnership, Fowler and Dunn had capital accounts of $48,000 and $81,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $114,000. The partnership had $5,000 of liabilities. Fowler and Dunn share income and losses equally.

Determine the amount received by Dunn as a final distribution from liquidation of the partnership.

 

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List a few different genres in which you write (such as academic papers, text for social networks, business documents, diary entries, or poetry), select one, describe the specific kind of document you typically produce, and then discuss your process for creating that document (100 words. thanks

 

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List 5 ways the UCC differs from the traditional law of contracts

List 5 ways the UCC differs from the traditional law of contracts The Uniform Commercial Code has formulated some necessary steps in bringing uniformity inthe business contracts. It covers the…

 

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Lisowski Laptops is examining the possibility of manufacturing and selling a notebook computer that is compatible with both Pc’s and Macintosh systems and that can receive television signals. Its estimated selling price is $2500. Variable costs (supplies and labor) will equal $1500 per unit, and fixed cost per year would approximate $200,000. Up-front investments in plant and equipment will total $270,000, which will be straight-line depreciated over three years. The initial working capital investment will be $100,000 and will rise proportionately with sales. Bill, the CEO forecast sales of the laptop will be 50,000 units the first year, 60,000 the second year and 45,000 the third year, at which time product life cycles would require closing down the production of the model. At that time, the market value of the project’s assets will be about $70,000. LL’s tax rate is 40 percent and its required return on projects such as this one is 17 percent. Should Lisowski Laptops offer the new computer?

SOLUTION:Calculation of Net Present Value:ParticularsInitial InvestmentWorking Capital Investment 0 1 2 3 $(270,000.00)$(100,000.00) Units to be soldSales RevenueLess: Variable CostsLess:…

 

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Lisa White consumes only two goods X and Y. Column 1 of Table A shows the marginal utility she derives from various units of X. Column 2 shows the marginal utility she derives from various units of Y. Her income is $20, the price of X is $2 and, and the price of Y is $4. Use Table A to answer the following questions:a.

 

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