HW #4

# HW #4 - Sarah Lowery 951010439 Chapter 12 Pt 2 Homework PA...

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Sarah Lowery 7/9/2011 951010439 Chapter 12, Pt. 2 Homework PA 12-5 1) Dick, Capital 18,300 Jane, Capital 17,100 Spot, Capital 35,400 2) Total capital after contribution by new partner: \$143,000 Total capital given to new partner: \$35,750 Total bonus given to new partner: \$10,750 Allocated bonus among past partners (fixed ratio): Dick: \$10,750 x 58% = \$6,235 Jane: \$10,750 x 42% = \$4,515 Cash 25,000 Dick, Capital 6,235 Jane, Capital 4,515 Spot, Capital 35,750 3) Total capital after contribution by new partner: \$180,000 Total capital given to new partner: \$54,000 Total bonus to old partners: \$8,000 Allocated bonus among past partners (fixed ratio): Dick: \$8,000 x 58% = \$4,640 Jane: \$8,000 x 42% = \$3,360 Cash 62,000 Dick, Capital 4,640 Jane, Capital 3,360 Spot, Capital 54,000 PA 12-6 1) Kennie, Capital 64,000 Carrtman, Capital32,000 Kile, Capital 32,000 2) Total bonus to old partner: \$16,000 Allocated bonus among past partners (fixed ratio): Carrtman: \$16,000 x (42/(42+28))= \$9,600 Kile: \$16,000 x (28/(42+28))= \$6,400 Kennie, Capital 64,000

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HW #4 - Sarah Lowery 951010439 Chapter 12 Pt 2 Homework PA...

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