1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
1 year ago
11

Cox, North, and Lee form a partnership. Cox contributes $180,000, North contributes $150,000, and Lee contributes $270,000. Thei

r partnership agreement calls for the income or loss division to be based on the ratio of capital invested. If the partnership reports income of $150,000 for its first year, what amount of income is credited to Cox's capital account
Business
1 answer:
Naya [18.7K]1 year ago
6 0

If the partnership reports income of $150,000 for its first year, what amount of income is credited to Cox's capital account $47,500.

<h3>Partnership agreement calls for the income</h3>

                                                  Cox           North           Lee

Contribution                              $180,000   $150,000   $270,000

Interest On Capital balance     $9,000       $7,500       $13,500

Profit Allocation (Equally)         $40,000     $40,000     $40,000

Amount of Income credited to North's account = $7500 + $40,000 = $47,500

Allocated Profit = $150,000 - ($9,000+$7,500+$13,500) = $120,000

Equal Distribution = $120,000 / 3 = $40,000

To learn more about Equal Distribution visit the link

brainly.com/question/14259864

#SPJ4

You might be interested in
Which social networking service did people from around the world use to participate in the Social Good Summit?
GalinKa [24]

Answer:

Mashable

Explanation:

Mashable is a global, multi-platform media and entertainment company. It is a go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe.

5 0
2 years ago
Bubba is a shrimp fisherman who can catch 4,000 pounds of shrimp per year. Bubba is considering hiring his cousin Bobby to work
melisa1 [442]

Answer:

7,000 pounds

Explanation:

Data provided in the question:

Shrimps Bubba catches per year = 4,000 pounds

Shrimps that Bobby can catch per year = 3,000 pounds

Therefore,

The marginal contribution of Bobby in the output if Bobby is hired is 3,000 pounds of shrimp

Hence,

The total output of his shrimp business is Bubba hires Bobby will be

= Output of Bubba per year + Output of Bobby per year

= 4,000 pounds + 3,000 pounds

= 7,000 pounds

4 0
3 years ago
Two of the different data categories for an HRIS database are: Group of answer choices information about people and information
MrRa [10]

Answer:

information about people and information about the organization.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.

In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.

This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.

Human Resources Information System (HRIS) is simply used to gather or collect data (informations) about the employee working in an organization.

Hence, two of the different data categories for an HRIS database are information about people (employees) and information about the organization.

5 0
3 years ago
Who is responsible for fiscal​ policy?
TiliK225 [7]

Answer:

C. The federal government controls fiscal policy. 

Explanation:

Fiscal policy are policies enacted by the government using its spending or taxes to stabilise the economy. There are two types of fiscal policy, expansionary and contractionary fiscal policy.

1. Expansionary fiscal policy is a policy that increases the money supply in an economy. They include :

A. Reduction of taxes - this increases disposable income and increases consumer spending which increases money supply.

B. Increased government spending- this is when government increases its spending usually on public projects.

2. Contractionary fiscal policy are policies that reduces the money supply in an economy. They include:

A. Increase in taxes- an increased tax reduces disposable income and money supply in an economy.

B. Reduced government spending - reduced government spending reduces money supply.

Monetary policy is policy controlled by the Federal Reserve.

I hope my answer helps you.

3 0
2 years ago
Which of the following explains why a company’s book value as reported in the balance sheet may not equal the company’s market v
kondaur [170]

Answer:  "I. Many assets are measured at their historical cost rather than amounts for which the assets could be sold."  explains why a company’s book value as reported in the balance sheet may not equal the company’s market value.

Explanation: Normally non-current assets (fixed assets) are valued at their historical acquisition cost, therefore the difference between the market value and the book value of a company occurs

5 0
2 years ago
Other questions:
  • What are supply chain
    11·1 answer
  • Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following
    12·1 answer
  • To find the number of units that need to be sold in order to break even to generate
    10·1 answer
  • Nate is a manager at a small appliance store. He is working with an unhappy customer who is yelling at him. Nate’s policy on han
    12·2 answers
  • has 10 percent coupon bonds on the market with 19 years to maturity. The bonds make semiannual payments and currently sell for 1
    8·1 answer
  • It is ultimately up to the buyer to avoid fraud.
    10·1 answer
  • _____ is a research technique whereby consumers are asked to generate an exhaustive list of things that bother them or difficult
    7·1 answer
  • On January 1, 2022, the Ivanhoe Company ledger shows Equipment $48,300 and Accumulated Depreciation $17,720. The depreciation re
    5·1 answer
  • Marin Company's accounts receivable arising from sales to customers amounted to $131000 and $114000 at the beginning and end of
    8·1 answer
  • you are appointed to head a special project team with a two-week deadline. you need to be efficient and timely. which leadership
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!