Other - Business & Finance - June 2007

I need help with this problem.

Partners Eric & Jeremy each have $3,000 capital balances and share income & losses in a 2:1 ratio, respectively. Cash equals $1,000, non cash assets are $10,000 and liabilities are $5,000. If all the non-cash assets are sold for $4,000, and each partner is personally insolvent, Jeremy eventually will receive cash of.......?

a - $0
b - $1,000
c - $1,500
d - $2,000


Please help!!

2007-06-25 04:46:38 · 3 answers · asked by curlyzack 1

I have 137k in ARM mortgage which is presently at 4.375% will go up in August 2008. Presently I have $105 k in Vanguard Prime MM AC earning 5.14%. Also approximately $250 k in other stock funds. and 15 k in bank checking.
I am 40 years old, two small kids (6 & 8), 8 year old is autistic. both wife and I work in mid-range jobs and bring about 240k a year together. Don't have expensive hobbies, however do take vacations once a year and live under our means. Combined retirement accounts are over $600k. The assets listed above are non retirements accounts. Kids education accounts & special needs trust have over 50k.

2007-06-25 03:33:52 · 3 answers · asked by apm2006 3

2007-06-25 02:55:29 · 2 answers · asked by ramyaramadasan9224 1

2007-06-25 02:51:39 · 3 answers · asked by shadow 5

I'm going through a divorce and I have located several stock certificates that my spouse purchased from privately held companies. I need to determine their values but have hit a dead end.

2007-06-25 01:58:58 · 5 answers · asked by lzt0d2 2

I have four inventions that would make alot of money if I could afford to manufacture them or even if I could afford a national commercial but I am unemployed and broke. Everywhere I have called wants 3k to help me get a patent. I wish I could afford that...any other ideas?? Is there any software out there that might let me apply succefully myself? Thanks

2007-06-25 01:49:18 · 2 answers · asked by whynot 1

Does anyone know how much a $50 dollar bond bought in 1988 would be worth today? I don't really know how that works.

2007-06-25 01:31:06 · 3 answers · asked by brainstewie 3

2007-06-25 01:17:06 · 3 answers · asked by ted 1

2007-06-24 22:31:30 · 1 answers · asked by Anonymous

If asked by an interviewer

2007-06-24 20:01:47 · 3 answers · asked by alex d 2

2007-06-24 19:32:55 · 4 answers · asked by agaut 1

A subsequent event for an entity with a December 31, 2006 year end would NOT include:
a) A change in estimated useful lives of equipment in January 2007
b) An issuance of bonds in January 2007
c) An aquisition of another company in January 2007
d) A major uncertainty at December 31, resolved January 2007

2007-06-24 18:11:21 · 3 answers · asked by Anonymous

2007-06-24 17:18:03 · 1 answers · asked by Anonymous

All sales are subject to 6% GST and 8% PST.

Damaged merchandise was returned by K. Jim. Credit invoice 34 was issued today for $114 ($6 GST and $8 PST, $100 merchandise)

This is what I did, and I got 0 marks. =(

Debit: Accounts Receivable - K. Jim 114
Debit: Sales Returns and Allowance 100
Credit: GST Payable 6.00
Credit: PST Payable 8.00

Any idea on what it SHOULD look like?

Thanks

2007-06-24 17:04:53 · 2 answers · asked by de4th 4

2007-06-24 14:54:49 · 3 answers · asked by ben_ev0lent 1

I have a client who is interested to order monthly. I will order by volume. I want to know the price? This would free me from asking my friend in Japan to send me. Will save me from freight charges. I'm thinking, I might save few pesos here.

2007-06-24 14:51:12 · 1 answers · asked by beth 1

just wondering and where can i find a site that offers free updates on all metals and there prices

2007-06-24 13:53:06 · 2 answers · asked by macgyver 1

2007-06-24 13:44:17 · 0 answers · asked by cheryl 1

I bank at wells fargo. customer service is the worst I've ever seen. One time they told me on the phone. "We can't explain why we charge you without notice. The only thing I can do is take your money"
So, I'm looking for a bank with better service, any ideas?

2007-06-24 11:20:29 · 4 answers · asked by Mercury 2010 7

I have a GREAT invention. Has anyone ever patened anything? Are there any trustworthy companies out there?

2007-06-24 09:47:39 · 3 answers · asked by Anonymous

I know Wal-Mart no longer has layway but I was wondering what retailers still have layaway programs? Kmart? Sears?

2007-06-24 09:16:23 · 4 answers · asked by wondering247 3

I write books and I need a publisher....

2007-06-24 08:09:49 · 6 answers · asked by Anonymous

RIght Where Does it start?
today early this morning i took my previous laptop to the car boot sale to sell it.
A Man Was looking at it he decided not to go for it but i was approached by a couloured man 2-3 mins later who was very intrested and he purchased it at the sum of 50 pound. I even gave him my number. I told him the gold honest truth about it all of its specs and all that. about 20-30 mins later im approached by this same man with the laptop in his hand claiming it wasnt working i checked it over it was even the car boot staff had checked it earlyer and he cant use one. i gave it it him back and he became very aggresive and starts pushing me and pulling me so i start to ring the police and he tries to break my phone it was broke up by the CB staff. They showed him how to use it. i was talking 2 sum 1 else nd another guy comes up and grabs me by the chest and says the . continued at www.my-storyforanswers.piczo.com can i also have your comments aswell

2007-06-24 07:31:22 · 5 answers · asked by Anonymous

I am 13 and trying to raise money. I want to have a carwash and I was wondering if the Mr. Clean AutoDry Carwash actually worked? Is it easy for a 13 year old to use, does it work fast, does it make the cars look nice? Should I use it for my Carwash? Do you like the product? What are the pros and cons of using the Mr. Clean AutoDry Carwash?

2007-06-24 06:38:56 · 4 answers · asked by Juicy Couture 2

2007-06-24 06:14:56 · 2 answers · asked by patti d 1

The bank I go to gives me perfect crisp bills which I hate! Reason being is that they are hard to count and hard to grasp. Is there a way of making them feel old, used, etc. quickly?

2007-06-24 06:13:00 · 8 answers · asked by MGK 1

i need a answer in details

2007-06-24 05:59:14 · 4 answers · asked by bintafrica 1

2007-06-24 05:39:05 · 14 answers · asked by jeffery m 1

Best interest rate for this amount - unfortunately it's in 500 Euro notes - have my own bank account and have proof of where money came from - PO don't deal in 500 Euro notes nor do many of the high street travel agents. Halifax (personal account) refuse to deal with this exchange as they weren't the supplier!!!
I'm a UK citizen and am in receipt of the notes after freelance work for a well known relief-aid charity in Asia.

I've had a look at on-line companies/banks who deal in large amounts - are they any good and safe to use??

2007-06-24 04:59:33 · 2 answers · asked by donnie m 1

why is the ability to write effectively a valuable business asset?

2007-06-24 02:27:14 · 1 answers · asked by blu_fin99 1