Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. web services is organized as a limited partnership

Web Services is organized as a limited partnership, with David White as one of its...

90.2K

Verified Solution

Question

Accounting

Web Services is organized as a limited partnership, with David White as one of its partners. David's capital account began the year with a balance of $46,100. During the year, David's share of the partnership income was $8,600, and David received $5,100 in distributions from the partnership. What is David's partner return on equity?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

Find the half-range expansions of the given function. To illustrate the convergence of the cosine and...

Chemistry
1.2K views

Ethanol melts at -114.0 ∘C. The enthalpy of fusion is 5.02 kJ/mol and the enthalpy of...

Chemistry
1.2K views

Analytical Chemistry - Determination of Fe in Vitamin tablet: Iron was reduced by 25 mL 6M HCl...

Psychology
1.2K views

How do you understand racism and/or prejudice to have impacted your lived experience? What do you...

Physics
1.2K views

190 In the given diagram shown for a projectile what is the angle of projection...

Basic Math
1.2K views

Two variables appear to have an exponential relationship. What pattern(s) does the scatterplotsuggest for the...

Calculus
1.2K views

What is the value of log 343 0 1 PRE 3

Algebra
1.2K views

Graph the hyperbola Give the domain range center vertices foci and equations of the asymptotes...

Accounting
1.2K views

A company has a 6-month loan for $1,000 at 10% interest. Determine the amount of...

Accounting
1.2K views

High Time Tours leased rock-climbing equipment from Adventures Leasing on January 1, 2018. High Time...

Accounting
1.2K views

Shire Computer's predetermined overhead rate is based on direct labor cost. Management estimates the company...

Accounting
1.2K views

Parlee Company's sales are 30% in cash and 70% on credit. Sixty percent of the...