Balance Sheet Partnership Redeemed.
Not what you're looking for?
A. Please let me know if I did any mistake in Balance Sheet immediately after it had acquired the Partnership
And redeemed the 10% debenture.
B.Please explain me part b and c, d.I am preparing for final exam
Purchase this Solution
Solution Summary
The expert examines balance sheet partnership redeemed.
Solution Preview
There does not seem to be any major mistake in your balance sheet.
PART B
If you divide the Net Profit by Turnover that is 44,646 by 334,410 you get the ratio of 0.1335067. This gives us the proportion between the turnover and net profit. Then if we take the investment in Porridge to be 2089 from your balance sheet, and if we multiply that figure by 0.25 we get 522.25, which is the return on investment the problem, is asking for. If we divide 522.25 by ...
Purchase this Solution
Free BrainMass Quizzes
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Production and cost theory
Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.