White, Sands, and Luke has the following capital account bal…

White, Sands, and Luke has the following capital account balances and profit and loss ratios:$60,000 (30%); $100,000 (20%); and $200,000 (50%). The partnership has received a predistribution plan. How would $90,000 be distributed?     White Sands Luke A) $ 15,000   $ 25,000   $ 50,000   B) $ 0   $ 18,947   $ 71,053   C) $ 0   $ 40,000   $ 50,000   D) $ 0   $ 10,588   $ 79,412   E) $ 27,000   $ 18,000   $ 45,000                A)    Option A.                        B)    Option B.            C)    Option C.            D)    Option D.            E)    Option E.             

The capital account balances for Donald & Hanes LLP on Janua…

The capital account balances for Donald & Hanes LLP on January 1, 2021, were as follows:         Donald, capital $ 200,000 Hanes, capital   100,000   Donald and Hanes shared net income and losses in the ratio of 3:2, respectively. The partners agreed to admit May to the partnership with a 35% interest in partnership capital and net income. May invested $100,000 cash, and no goodwill was recognized. What is the balance of Donald’s capital account after the new partnership is created?                    A)    $84,000.              B)    $100,000.            C)    $140,000.            D)    $176,000.            E)    $200,000.

President Fubusa, of a small African nation, is arguing that…

President Fubusa, of a small African nation, is arguing that his country needs to implement significant reforms in trade policy.  You have been retained as his adviser and are in charge of educating the president in these areas. Explain to him in an essay the debate surrounding free trade vs trade barriers. Be sure to address BOTH economic and welfare effects (the  CS/PS stuff) of trade barriers to paint a full picture. But, ALSO help him understand when it might make sense to retain trade barriers. Be thorough and detailed, and use examples to illustrate your points. **Make sure that your essay incorporates content from the current units. You can also incorporate content from older units.  You will be judged on the depth, accuracy, and persuasiveness of your explanation.  *This is a bit open-ended and you need to put some structure in place. **Expected length is about 1-1.25 pages (equivalent), single-spaced. I don’t think you can do a good job with an essay that is much shorter.  ***Note that a few sentences is not sufficient to answer this question and will not earn you an acceptable score. ****Be detailed and be thorough. Assume that the president is not an economist and be thorough in your explanations, to a reasonable degree, and offering examples.  *****Content is the most important contributor to your grade. But writing quality counts too. I do not expect perfection from a timed essay. But I do expect that your work is proofread and major grammar errors and spelling errors are addressed.  SPEND A FEW MINUTES EDITING YOUR WORK BEFORE SUBMITTING.  

Dancey, Reese, Newman, and Jahn were partners who shared pro…

Dancey, Reese, Newman, and Jahn were partners who shared profits and losses on a 4:2:2:2 basis, respectively. They were beginning to liquidate their business. At the start of the process, Capital account balances were as follows:         Dancey, capital $ 72,000 Reese, capital   32,000 Newman, capital   52,000 Jahn, capital   24,000   Which one of the following statements is true for a predistribution plan?                         A)    The first available $16,000 would go to Newman. The next $12,000 would go $8,000 to Dancey and $4,000 to Newman. The following $32,000 would be shared equally between Dancey, Reese, and Newman. A total distribution of $60,000 would be required before all four partners share any further payments equally.             B)    The first available $16,000 would go to Newman. The next $12,000 would go $8,000 to Dancey and $4,000 to Newman. The following $32,000 would be shared by Dancey, Reese, and Newman. The total distribution would be $60,000 before all four partners share any further payments in their profit and loss sharing ratios.            C)    The first $20,000 would go to Newman. The next $8,000 would go to Dancey. The next $12,000 would be shared equally by Dancey, Reese, and Newman. The total distribution would be $40,000 before all four partners share any further payments equally.            D)    The first available $8,000 would go to Newman. The next $4,000 would be split equally between Dancey and Newman. The following $12,000 would be shared by Dancey, Reese, and Newman. The total distribution would be $24,000 before all four partners share any further payments equally.            E)    The first available $8,000 would go to Newman. The next $4,000 would be split equally between Dancey and Newman. The following $12,000 would be shared by Dancey, Reese, and Newman. The total distribution would be $24,000 before all four partners share any further payments in their profit and loss sharing ratios.

The partnership of Gordon, Handel, and Mitchell is consideri…

The partnership of Gordon, Handel, and Mitchell is considering possible liquidation because partner Mitchell is personally insolvent. The partners have the following capital account balances: $120,000, $140,000, and $80,000, respectively, and share profits and losses 35%, 45%, and 20%, respectively. The partnership has $400,000 in noncash assets that can be sold for $300,000. The partnership has $20,000 cash on hand, and $80,000 in liabilities. What is the minimum that partner Mitchell’s creditors would receive if they have filed a claim for $100,000?

Dancey, Reese, Newman, and Jahn were partners who shared pro…

Dancey, Reese, Newman, and Jahn were partners who shared profits and losses on a 4:2:2:2 basis, respectively. They were beginning to liquidate their business. At the start of the process, Capital account balances were as follows:         Dancey, capital $ 72,000 Reese, capital   32,000 Newman, capital   52,000 Jahn, capital   24,000   Which one of the following statements is true for a predistribution plan?                         A)    The first available $16,000 would go to Newman.                 B)    The first available $20,000 would go to Dancey.            C)    The first available $8,000 would go to Jahn.            D)    The first available $8,000 would go to Newman.            E)    The first available $4,000 would go to Jahn.