On june 30, the balance sheet for the partnership of williams, brown and lowe, together with their respective profit and loss ratios, was as follows:
assets, at cost $300,000
williams, loan $ 15,000
williams, capital (20%) 70,000
brown, capital (20%) 65,000
lowe, capital (60%) 150,000
total $300,000
williams has decided to retire from the partnership and by mutual agreement the assets are to be adjusted to their fair value of $360,000 at june 30. it was agreed that the partnership would pay williams $102,000 cash for his partnership interest exclusive of his loan which is to be repaid in full. no goodwill is to be recorded in this transaction. after william's retirement, and before the loan is repaid, what are the capital account balances of brown and lowe, respectively?
a. $65,000 and $150,000
b. $72,000 and $171,000
c. $73,000 and $174,000
d. $77,000 and $186,000

Baker industries’s net income is $24,000, its interest expense is $5,000, and its tax rate is 40%. its notes payable equals $27,000, long-term debt equals $75,000, and common equity equals $250,000. the firm finances with only debt and common equity, so it has no preferred stock. what are the firm’s roe and roic?

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.

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?