Jon and Ruth share income equally.  For the current year, th…

Jon and Ruth share income equally.  For the current year, the partnership net income is $40,000.  Jon made withdrawals of $14,000, and Ruth made withdrawals of $15,000.  At the beginning of the year, the capital account balances were Jon, capital, $42,000; Ruth capital, $58,000.  Ruth’s capital account balance at the end of the year is

Answer the following question in Spanish in 1-2 sentences by…

Answer the following question in Spanish in 1-2 sentences by providing as many specific details from the text as you can.   ¿Por qué muchos negocios pequeños en Nueva York han tenido problemas incluso antes de la pandemia para pagar la renta al contrario de las corporaciones grandes?

Benton and Orton are partners who share income in the ratio…

Benton and Orton are partners who share income in the ratio of 3:1 and have capital balances of $70,000 and $30,000, respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000.  What is Benton’s capital balance after admitting Ramsey?