Question

Monica Moore is applying for a new accounting job at ABC, Inc. She wants to write a professional email to the job recruiter at the company, but doesn't know their name. She wants to give a good first impression as well as sound professional.
and the above question are explain in 140 words.

Answer 1

Answer:

Calculate goodwill of the firm.

25. On 1st April, 2020, an existing firm had assets of 75,000 including cash of 5,000. Its creditors

amounted to 5,000 on that date. The firm had a Reserve of 10,000 while Partners' Capital Account

showed a balance of 60,000. If Normal Rate of Return is 20% and goodwill of the firm is valued a

24,000 at four years' purchase of super profit, find average profit per year of the existing firm.

Monica Moore is applying for a new accounting job at ABC, Inc. She wants to write a professional email to the job recruiter at the company, but doesn't know their name. She wants to give a good first impression as well as sound professional.

and the above question are explain in 140 words.