Business

Dayana Martin

3 June, 18:45

Pharoah Company at December 31 has cash $21,200, noncash assets $102,000, liabilities $55,600, and the following capital balances: Floyd $43,000 and DeWitt $24,600. The firm is liquidated, and $115,000 in cash is received for the noncash assets. Floyd and DeWitt income ratios are 70% and 30%, respectively.

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Pharoah Company at December 31 has cash $21,200, noncash assets $102,000, liabilities $55,600, and the following capital balances: Floyd ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

Each unit produced costs the company $8.00, and it is sold for $10.00. How much will the company gain or lose in a month if they stock the expected number of units demanded but sell 2000 units?

Sometimes word of mouth and expert recommendations cause a product to become more popular. However, the firm that produces this product may find it difficult to get parts to increase production, and it might have to pay higher prices to receive an

1.) suspects and prisoners are protected from cruel and unusual punishment by the ___ amendment of the U. S. Constitution. A.) seventh B.) third C.) sixth D.) eighth 2.

A company produces 400 microwave ovens per month, each of which includes one electrical circuit. the company currently manufactures the circuit inminushouse but is considering outsourcing the circuits at a contract cost of $ 28 each.

Panco, a U. S. entity, has a subsidiary, Sanco, located in a foreign country. Sanco's operations are concentrated in the country in which it is located and are essentially independent of Panco.

New Questions in Business

18. What was a major factor in the failure of (mostly) command economies? A. Lack of voting rights B. Lack of the profit motive C. Not enough military spending D. Abundant basic goods

You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.

Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?

Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. How much do these housing services contribute to GDP?

What happens to the percentage of tax as the income that is taxed?