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Question
Active Sports LP is organized as a limited partnership consisting of two partners: Basketball Products LP and Hockey Products LP. Each of the partners sell sporting equipment for their respective sports. Compute the partner return on equity for each limited partnership and for the total limited partnership for the year ended September 30, 2013, using the following data:
| Basketball Products LP | Hockey Products LP | Active Sports LP | |
| Capital balance at 10/1/12 | $870,000 | $580,000 | $1,450,000 |
| Net income | 65,000 | 35,000 | 100,000 |
| Cash distribution | (40,000) | (25,000) | (65,000) |
| Capital balance at 9/30/13 | $895,000 | $590,000 | $1,485,000 |
Answer
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Related questions
Q:
Periods
12 Percent 1
8929 2
1.6901 3
2.4018 4
3.0373 Assuming all revenue is to be received at the end of each year, what are the net cash flows for this investment if net present value equals ($11,790)?
A. $78,210
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Q:
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Q:
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Q:
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Q:
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B. A monthly period separated into daily budgets.
C. A quarterly period separated into weekly budgets.
D. An annual period separated into weekly budgets.
E. An annual period separated into quarterly and monthly budgets.
Q:
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B. From the bottom up following a participatory process.
C. Solely by the budget committee.
D. By the CEO.
E. After the accounting period has begun.
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E. Lower level management.
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Q:
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June
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530
600 Ending Raw Materials Inventory
663 lbs. Ending Finished Goods Inventory
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Pounds of raw material required for each finished Unit = 5 lbs.
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Q:
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Q:
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C. It is not permitted to be used for tax reporting.
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