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
OverLord2011 [107]
3 years ago
12

The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits be shared between the p

artners in the ratio of their financial contributions to the partnership. Wilson contributed $100,000, Pickett contributed $50,000 and Nelson contributed $50,000. In the partnership's first year of operation, it incurred a loss of $110,000. What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson?
Business
1 answer:
Dovator [93]3 years ago
8 0

Answer:

$27,500

Explanation:

The computation of the partnership loss borne by the Nelson is shown below:

= (Contributed amount by Nelson) ÷ (Firm contribution amount) × (loss incurred)

= ($50,000) ÷ ($200,000) × ($110,000)

= 0.25 × $110,000

= $27,500

The firm contribution amount would be calculated below:

= Wilson contributed amount + Pickett contributed amount + Nelson contributed amount

= $100,000 + $50,000 + $50,000

= $200,000

You might be interested in
On January 1, 20X9, Pallet Company acquires 80 percent ownership in Slat Corporation for $200,000. The fair value of the noncont
polet [3.4K]

Answer:

<em>Consolidated Assets 850,000</em>

Explanation:

We need to calcualte the alue of the purchased portion of Slat.

total assets - non-controlled = proportional owned assets

250,000 - 50,000 = 200,000

The consolidated net assets would be:

Pallet Company 650,000

Slat Company    250,000

non-controlling    (50,000)

<em>Consolidated Assets 850,000</em>

7 0
3 years ago
Creating a …………………… is a basic building block in a/an ………………… that assists business executives understand the risks associated w
Aleonysh [2.5K]

Answer:

The correct answer is letter "B": Risk profile; Enterprise Risk Management.

Explanation:

One of the many good practices for Information Governance (IG) relies on developing a risk profile in Enterprise Risk Management to safeguard data. The risk profile should include the likelihood of threats, its impact and how the risk could be mitigated after it takes place. Risks profiles can be created in multiple ways in multiple frequencies.

7 0
3 years ago
A group of unrelated people are buying property together as co-owners. they'll likely either own it as tenants in common or ____
fiasKO [112]

The group of unrelated people who are buying property together as co-owners will likely either own it as tenants in common or <u>joint tenancy</u>.

<h3>What is a tenants in common?</h3>

This is when each tenant in common has the right to possess and enjoy the entire property and can go into possession of the whole unless another co-tenant objects.

<h3>What is a joint tenancy?</h3>

In the legal terms, it refers to the title property that exist when multiple individuals purchase it together with equal interest in and equal rights to the property.

Therefore, the group of unrelated people who are buying property together as co-owners will likely either own it as tenants in common or <u>joint tenancy</u>.

Read more about joint tenancy

brainly.com/question/12932972

#SPJ4

5 0
1 year ago
Which type of investment offers other s both capital gain and interested income
vfiekz [6]

Hard assets such as investment real estate can provide an investor with both capital gains and, I believe you meant investment income. Numerous assets classes, depending on the investor's state (country  or geographic area) and that area's tax laws will have significant, and often changing consequences for each type of investment.

However, keep in mind that capital assets are defined by the U.S. IRS as property such as home or car, and ohter investment property such as stocks or bonds.

Several definitions to keep in mind include capital gain or loss, the difference between price paid and price sold (occasionally including holding and selling costs, etc.).  Your basis in the investment property is what you paid for the asset.  


Hope this helps...never heard of interested income, but I don't know everything either. )

3 0
3 years ago
What is the management of information flows between and among activities in a supply chain to maximize total supply chain effect
MAXImum [283]

The management of information flows between and among activities in a supply chain to maximize total supply chain effectiveness and corporate profitability  is SCM (Supply Chain Management).

Management is the dynamic process of getting things done by others with the goal of achieving a common goal effectively and efficiently. All functions, from planning to organization, personnel allocation, management, and generalization, are essential for the smooth execution of management in an organization.

Management theory is a collection of ideas that recommend general rules for running an organization or business. They deal with how managers execute strategies to achieve company goals and how they motivate employees to do their best.

Management theory is a collection of ideas that recommend general rules for running an organization or business. They deal with how managers execute strategies to achieve company goals and how they motivate employees to do their best

Learn more about Management brainly.com/question/26106218

#SPJ4

7 0
1 year ago
Other questions:
  • A real estate salesperson is often approached by home buyers of a particular race. His usual practice is to show them homes in n
    10·1 answer
  • Which 3 statements regarding Bank Rules are true? (Select all that apply)
    11·1 answer
  • Which of the following will increase investment spending
    9·1 answer
  • How can a developing country generate internal funds?
    6·1 answer
  • Which of the following factors could cause the economy to experience​ supply-side inflation? A. Increased security about jobs an
    13·1 answer
  • Biometrics (retinal scans, fingerprints, and the like) are mainly used for ____ by large security-minded entities such as bankin
    12·1 answer
  • Clark manufactured housing company charges $500 for deliveries within 50 miles and $800 for deliveries 51 to 100 miles away from
    5·1 answer
  • Suppose the equilibrium price of bottled water has risen from $1.00 per bottle to $2.00 per bottle and the equilibrium quantity
    13·2 answers
  • Iverson Company purchased a delivery truck for $45,000 on January 1, 2018. The truck was assigned an estimated useful life of 10
    12·1 answer
  • Discuss the view that a public limited company should prioritise the
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!