The following particulars are available in respect of the business carried on by a partnership firm Trading Results Year I Rs 10,000 Year Il Rs 12,000 Year Ill Profit Rs 1,50,000 Year IV Profit Rs 1,20,000 The value of goodwill on the basis of 5 years purchase of the average profit of the business...

Calculation of goodwill 1 Average profit Total profit No ...

The following particulars are available in respect of the business carried on by a partnership firm:...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Managerial Accounting

ISBN: 978-1453375716

2nd edition

Authors: Kurt Heisinger, Joe Ben Hoyle

See More Books

Posted Date: Jan 17, 2021 04:42 AM

See More Questions

Adams Manufacturing allocates overhead to production on the basis of direct labor costs At the beginning of the year Adams estimated total overhead of 396000 materials of 410000 and direct labor of...
Brenner Company expects to incur $3,000,000 in manufacturing overhead costs this year. During the year, it expects to use 50,000 direct labor hours at a cost of $600,000 and 80,000 machine hours....
Kimmel Company expects to incur $800,000 in manufacturing overhead costs this year. During the year, it expects to use 10,000 direct labor hours at a cost of $200,000 and 4,000 machine hours....
Suppose that, in a Brazilian municipality, theprobability that a randomly selected resident likessoccer is 1/4, while the probability that he likes soap operas is1/2. Determine the probability that 1...
When observed data are used to develop the prior distribution in Bayesian procedures, the methods are often referred to as empirical Bayes methods. These methods are in contrast to standard Bayesian...
Consider two neighboring island countries: Arcadia and Felicidad. Each has 24,000 labor hours available per week that it can use to produce wheat, jeans, or a combination of both. The following table...
Popular books such as The God Delusion (Dawkins, 2008) and God Is Not Great: How Religion Poisons Everything (Hitchens, 2007) make a strong case against religion. But religion plays an important role...
SecuriCorp operates a fleet of armored cars that make scheduled pickups and deliveries in the Los Angeles area. The company is implementing an activity-based costing system that has four activity...
Laker Company reported the following January purchases and sales data for its only product. For specific identification. ending inventory consists of 275 units from the January 30 purchase, 5 units...
Consumer Research, owned by Chandler Robertson, is retained by large companies to test consumer reaction to new products. On January 31, 20X1, the firms worksheet showed the following adjustments...
Create the pro forma income statement and estimate the cash flows for the following project. Decide whether to accept this project based on an analysis of the NPV, Profitability Index, and IRR....
Why is non-financial supplementary information often needed for performance evaluation?
Which Terraform commands can potentially change OCI infrastructure resources? A. apply B. plan C. init D. destroy
How do the two halves of the brain operate interdependently?
Using the information in P85, assume that on December 1, 2005, PL entered into a forward contract to buy US$10,000 on January 1, 2006 the expected date of payment to the equipment manufacturer. The...
Can you think of ways that classical conditioning is used by politicians? Advertisers? Moviemakers? Do ethical issues arise from any of these uses?
For Human Resources Specialist, what are the top 5 tasks listed for the job? As an HR manager, which skills do you think will be in demand for this position? What would you look for in a candidate?...
What are the before image (BFIM) and after image (AFIM) of a data item? What is the difference between in-place updating and shadowing, with respect to their handling of BFIM and AFIM?
For each firm listed in the following, identify whether it would use job costing or process costing. 1. Canned soup producer 2. Custom automobile restorer 3. Facial tissue manufacturer 4. Accounting...
Fit Right, Inc., produces custom trailers for professional racers. Each trailer is built to customer specifications. During July, its first month of operations, Fit Right began production of four...
The following financial information is for Caravelli Company. Of the total raw materials placed in production for the year, $36,000 was for indirect materials. The company had $3,795,000 in sales for...
What is the value of the finite population correction factor in the formula for $\sigma_{\bar{X}}^{2}$ when (a) $n=8$ and $N=640$ ? (b) $n=100$ and $N=8,000$ ? (c) $n=250$ and...
The following is the time taken (in hours) for the delivery of 8 parcels within a city: 28,32,20,26, 42,40,28, and 30 . Use these figures to judge the reasonableness of delivery services when they...
Prove that $\mu_{\bar{X}}=\mu$ for random samples from discrete (finite or countably infinite) populations.

The following particulars are available in respect of the business carried on by a partnership firm:...

Question:

Expert Answer:

Calculation of goodwill 1 Average profit Total profit No ... View the full answer

Managerial Accounting

Students also viewed these accounting questions