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Ivenika [448]
3 years ago
8

Steve Queen and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Stevens of $117,150.

Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Stevens, 1:2. Queen and Stevens had $75,000 and $105,000, respectively, in their January 1 capital balances. Net income for the year was $213,000. How much is distributed to Queen and Stevens?\
Business
1 answer:
Dmitriy789 [7]3 years ago
5 0

Answer:

Queen $32,850

Stevens $180,150

Explanation:

                                             Queen        Stevens           Net Income

                                                                                      available (distributed)

Net Income                                                                          $213,000

Interest on Capital (6%)       $4,500         $6,300              <u>($10,800)</u>

                                                                                             $202,200

Salary Allowance                                      $117,150             <u>($117,150)</u>

                                                                                              $85,050

Remaining $85,050            $28,350        $56,700           ($65,050)

(in ratio 1:2)

Total Net Income                $32,850         $180,150              ($0)

distributed

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Answer:

<em>10 hours per week in 20 years, 20 hours per week in 10 years or 40 hours per week in 5 years.</em>

Explanation:

According to the author Malcolm Gladwel, with his book “Outliers. The success story ”, says that to achieve excellence, you must have an accumulation of 10,000 hours of practice, this means 10 hours per week in 20 years, 20 hours per week in 10 years or 40 hours per week in 5 years.

The author analyzes the importance of culture, family, friends, ancestors and other determining factors in the success of his projects.

Gladwell cites Mozart's example, recognized as a great genius. A composer began at age 7 and it is true that we know that some good pieces were written at the time of his adolescence. But the great symphonies were written after the age of 21, when he had already accumulated more than 10,000 hours of practice, in compositions and interpretations.

From this idea of ​​10,000 hours of practice, a level of knowledge acquired is possible based on a scale of magnitude of 10 hours, in an approximate way:

With 1 hour: We can know the basics.

With 10 hours: We have a broader notion of the basics.

With 100 hours: A medium level is acquired.

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With 10,000 hours: One can master complications in that skill.

4 0
3 years ago
Most audience members expect your presentation to include
Elan Coil [88]

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If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country
mr_godi [17]

Answer:

b. $2 billion trade surplus with country B.

Explanation:

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

In this case, exports to country B are worth $10 billion which are larger than the $8 billion of imports from country B. Country A's trade surplus is given by:

S = \$10-\$8\\S=\$2\ billion

Therefore, the answer is alternative b.

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E. How much cash should the firm keep in reserve?

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<em>Which option is correct?</em>

<em />

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The CPI is usually used especially to discover situations of inflation of deflation.

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