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puteri [66]
3 years ago
6

Steve King and Chelsy Boxer formed a partnership, dividing income as follows: Annual salary allowance to Boxer of $125,670. Inte

rest of 5% on each partner's capital balance on January 1. Any remaining net income divided to King and Boxer, 1:2. King and Boxer had $60,000 and $111,000, respectively, in their January 1 capital balances. Net income for the year was $213,000. How much is distributed to King and Boxer?
Business
1 answer:
DaniilM [7]3 years ago
8 0

Answer:

King =  29260

Boxer = 183740

Explanation:

The Distribution of Net income will be as follows.

Net Income                                          $213000

<u>Less: Interest on Capital</u>

King                                    3000

Boxer                                  <u>5550</u>           (8550)

<u>Less: Salary</u>

Boxer                                                      <u>(125670)</u>

Residual Profit                                        78780

<u>Share of Profit</u>

King [78780 * 1/3]                                   26260

Boxer [78780 * 2/3]                               <u>52520</u>

<u />

King = 3000 + 26260 = 29260

Boxer = 5550 + 125670 + 52520 = 183740

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What is the most likely effect of the development of XBOX with DVD capabilities on the DVD player industry? a. ​decreased price
Shkiper50 [21]

Answer:

The correct answer is letter "B": ​Increased price elasticity of demand for the DVD player industry because XBOX are substitutes.

Explanation:

Price elasticity of demand reflects the changes in quantity demanded for a good or service as a result of changes in price. It is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal to or greater than one (1) the demand is elastic.<em> It means a minimum change in price has a major impact on the quantity demanded volume. </em>

Thus, <em>if XBOX implements DVD features, DVD players will face an increase in their price elasticity of demand because changing DVD players' prices could change their quantity demanded by far because consumers will prefer purchasing an XBOX which is a substitute.</em>

7 0
3 years ago
A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri
oksano4ka [1.4K]

Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

  sales                    = nil

-variable expenses= <u>nil</u>

contribution              = nil

- fixed expenses      = <u>56,000</u>

NET LOSS              = <u> (56000)</u>

.

NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

.

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Thus increase in loss would be 56000- 50,000=6000

6 0
3 years ago
Solvency refers to: A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay
Papessa [141]

Answer:

A. long-term ability to generate sufficient cash to satisfy plant capacity needs, fuel growth, and to repay debt when due.

Explanation:

Solvency is defined as the long-term ability of a business the generate enough cash flow that will allow it to continue its operations and also to pay of its debt when due.

It is used as a measure of the financial health of the business.

A business with good solvency has a high probability of remaining in operation for the foreseeable future.

4 0
3 years ago
In a commercial bank's t-account, reserves and outstanding loans are recorded as?
Vsevolod [243]

In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.

In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.

Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.

Reserves – additionally called retained income – are portions of a commercial enterprise's profits that have been set aside to strengthen the enterprise's economic function.

Learn more about reserves here brainly.com/question/25812353

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3 0
2 years ago
High competition for and debates over natural resources affect the development of government policies
andrezito [222]

Answer:

Letter A is correct. <u>TRUE.</u>

Explanation:

This statement is true and supported by the sociological structure of social complexity, which is a concept of analysis of society that reflects the relationship between social behavior through continuous and complex circumstances, such as armed conflicts, emigration patterns and political movements.

This concept supports that human beings are not passive individuals, therefore they search for goals that will improve the quality of life of society, therefore high competition and debates about natural resources will significantly affect the development of government policies, as the sustainability and use of Natural resources are a topic that is widely discussed today, and society increasingly seeks socio-environmental responsibility from organizations and governments, as this is a relevant issue for survival and quality of life. So this issue will influence policy, which is an adaptive and complex system that exists to manage issues that affect society.

5 0
3 years ago
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