RD formed a partnership on February 10,20X9.R contributed cash of $150,000,while D contributed inventory with a fair value of $120,000.Due to R's expertise in selling,D agreed that R should have 60 percent of the total capital of the partnership.R and D agreed to recognize goodwill.What is the total capital of the RD partnership and the capital balance of R after the goodwill is recognized?
Definitions:
Disciplined Scheduling
The practice of organizing and managing one's time and tasks with strict adherence to set rules and routines to enhance productivity.
Flexible Time Frame
A scheduling approach that allows for variations in working hours, deadlines, or project timelines to accommodate different needs or circumstances.
External Control
Occurs through direct supervision or administrative systems such as rules and procedures.
Quality Control
The operational techniques and activities used to fulfill requirements for quality in products or services, ensuring they meet certain standards of excellence.
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