Bracken, Louden, and Menser, who share profits and losses in a ratio of 4:2:2, respectively are partners in a home decorating business that has not been able to generate the income the partners had hoped for. They have decided to liquidate the business and have sold all assets except for their decorating equipment. All partnership liabilities have been settled and all the partners are personally insolvent. The decorating equipment has a book value of $52,000, and the partners have capital account balances as follows:

Bracken, capital $ 31,400
Louden, capital 7,400
Menser, capital 13,200
Required:
Determine the amount of cash each partner will receive as a liquidating distribution if the decorating equipment is sold for the amount stated in each of the following independent cases (Do not round intermediate calculations):

a.$36,000
Final Distribution of Cash (Capital Balances)

Bracken Louden Menser

b. $20,000
Final Distribution of Cash (Capital Balances)

Bracken Louden Menser

c.$3,200.

Final Distribution of Cash (Capital Balances)

Bracken Louden Menser

The computation of given question is shown below:-

Explanation:

a.                                           BrackenLouden     Menser

Profit/loss ratio                      50%          25%       25%

Capital balances before sale  $31,400  $7,400       $13,200

Loss from sale $16,000

Loss Allocation                        ($8,000)   ($4,000) ($4,000)

Capital balance after sales      $23,400  $3,400      $9,200

Distribution of cash                    $23,400  $3,400      $9,200

b.

                                                  Bracken    Louden      Menser

Capital balance                         $31,400     $7,400$13,200

Loss from sale (32,000)         ($16,000)    ($8,000)($8,000)

After sales Capital balance     $15,400     ($600)         $5,200

capital deficit allocation             ($400)                         ($200)

New capital balance                 $15,000                        $5,000

Distribution cash                      $15,000        0 $5,000

c.

                                              Bracken    Louden        Menser

Profit/ loss ratio                  50%      25%            25%

Capital balance before sale $31,400   $7,400          $13,200

Loss from sale 48,800    

Loss allocation                 ($24,400)     ($12,200)     ($12,200)

After sale capital balance   $7,000   ($4,800)   $1,000

Allocate louden's deficit       ($3,200)                         ($1,600)

New capital balance         $3,800                    ($600)

Allocate Menser's deficit($600)  

Distribution cash                $3,200  

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

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answer; how many employees will be needed for jobs in the coming period;