Gonda, herron, and morse is considering possible liquidation because partner morse is personally insolvent. the partners have the following capital account balances: $60,000, $70,000, and $40,000, respectively, and share profits and losses 30%, 45%, and 25%, respectively. the partnership has $200,000 in noncash assets that can be sold for $150,000. the partnership has $10,000 cash on hand, and $40,000 in liabilities. what is the minimum that partner morse’s creditors would receive if they have filed a claim for $50,000?

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

An arithmetic progression involves the addition of the same quantity to each number.which might represent the arithmetic growth of agricultural production

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?