Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $64,000, and Martin's capital balance $61,000. Hewlett and Martin have agreed to share equally in income or loss. Hewlett and Martin agree to accept Black with a 25% interest. Black will invest $35,000 in the partnership. The bonus that is granted to Blackequals: O $3,333 O so, because Black must actually grant a bonus to Hewlett and Martin. O $5,000, O $6,667. O) $2,500
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $64,000, and Martin's capital balance $61,000. Hewlett and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
On July 29, 2022, Wagner Trucking recorded $24,000 in services that they had performed but had not yet received payment for from the customer. On the same day, Dixon Trucking recorded $24,000 that they need to pay to their suppliers for gas and oil.
Answers (1)
Limestone is often used as dimension stone and also as crushed stone. if a mining company wishes to establish a new limestone quarry, what type of depositional environment should they look for in the rock record?
Answers (1)
Once stocks are on the market, which best explains how their prices are set? A. Prices are controlled by the issuing company. B. Prices are set by the financial market. C. Prices follow economic trends. D. Prices fluctuate on the basis of demand.
Answers (1)
Machinery purchased for $66,000 by Metlock Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of $4,400 at the end of that time. Depreciation has been entered for 5 years on this basis.
Answers (1)
Samuel needs to decrease his expenses. To which category should he make cuts first?
Answers (1)
New Questions in Business
News about the airport closing spread from the public safety manager to the deputy directors to members of airport security to aircraft rescue personnel to administrative assistants and then to the rest of the airport employees.
Answers (1)
Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for building a foundation and installing the machinery.
Answers (1)
John has just won the state lottery and has three award options from which to choose. He can elect to receive a lump sum payment today of $46 million, 10 annual end-of-year payments of $7 million, or 30 annual end-of-year payments of $4 million.
Answers (1)
Why should you read the label on a bottle twice before using its contents?
Answers (1)
Steve is a fan of the los angeles lakers basketball team. with little provocation, he will engage you in a debate about whether it is the greatest team in basketball. what may steve be demonstrating
Answers (1)