Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and Tanner shared profits and losses equally. After all the tangible assets have been adjusted to current market prices, the capital accounts of Cody Jenkins and Lacey Tanner have balances of $49,000 and $64,000, respectively. Valeria Solano has expertise with using the computer to prepare landscape designs, cost estimates, and renderings. Jenkins and Tanner deem these skills useful; thus, Solano is admitted to thepartnership at a 30% interest for a purchase price of $31,000.

a. Determine the recipient and amount of the partner bonus.
$

$12,200 (Solano)

Explanation:

Given that,

Cody Jenkins capital balance = $49,000

Lacey Tanner capital balance = $64,000

Solano is admitted to the partnership at a 30% interest for a purchase price of $31,000.

Bonus received by the Solano:

Total partners’ capital after admitting Solano:

= Cody Jenkins capital + Lacey Tanner capital + Solano capital

= $49,000 + $64,000 + $31,000

= $144,000

Valeria Solano, capital:

= Total partners’ capital after admitting Solano × Solano’s equity interest after admission

= $144,000 × 30%

= $43,200

Hence,

Bonus paid to Solano:

= Valeria Solano, capital - Contribution by Solano

= $43,200 - $31,000

= $12,200

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

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