Carney, Pierce, Menton, and Hoehn are partners who share profits and losses on a 4:3:2:1 basis, respectively. They are beginning to liquidate the business. At the start of this process, capital balances are as follows: Carney, capital $81,000
Pierce, capital 33,300
Menton, capital 64,000
Hoehn, capital 26,300

Which of the following statements is true?
a. The first available $2,000 will go to Hoehn.
b. Carney will be the last partner to receive any available cash.
c. The first available $3,000 will go to Menton.
d. Carney will collect a portion of any available cash before Hoehn receives money.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

What is the equity method balance in the investment in lindman account at the end of 2018?

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?