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Ans.
|
|
Harry |
Samantha |
willis |
|
Profit and loss
allocation ratio |
6/10 |
3/10 |
1/10 |
|
Capital before
liquidation |
96000 |
45000 |
10000 |
|
Liquidation expense |
(7200) |
(3600) |
(1200) |
|
Net capital |
88800 |
41400 |
8800 |
|
cash |
6000 |
3000 |
1000 |
|
Non cash assets |
136200 |
68100 |
22700 |
|
liabilities |
(51600) |
(25800) |
(8600) |
|
balance |
179400 |
86700 |
23900 |
2.
Please determine the amount each
partner, HSW, can get if part of non cash asset will be sold for $250000.
|
|
Harry |
Samantha |
Willis |
|
Profit and loss
allocation ratio |
6/10 |
3/10 |
1/10 |
|
Capital before
liquidation |
96000 |
45000 |
10000 |
|
Liquidation expense |
(7200) |
(3600) |
(1200) |
|
Net capital |
88800 |
41400 |
8800 |
|
cash |
6000 |
3000 |
1000 |
|
Non cash assets |
150000 |
75000 |
25000 |
|
liabilities |
(51600) |
(25800) |
(8600) |
|
balance |
193200 |
93600 |
26200 |
3.
Please determine the amount each
partner, HSW can get if part of non cash assets will be sold only for $100000.
|
|
Harry |
Samantha |
Willis |
|
Profit and loss
allocation ratio |
6/10 |
3/10 |
1/10 |
|
Capital before
liquidation |
96000 |
45000 |
10000 |
|
Liquidation expense |
(7200) |
(3600) |
(1200) |
|
Net capital |
88800 |
41400 |
8800 |
|
cash |
6000 |
3000 |
1000 |
|
Non cash assets |
60000 |
30000 |
10000 |
|
liabilities |
(51600) |
(25800) |
(8600) |
|
balance |
103200 |
48600 |
11200 |
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