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Eddi Din [679]
4 years ago
9

D and E were partnership sharing profit and loss equally. They admit F as a partner who will share 1/4 of the future profit, whi

le D and E will share the future profit based on their original ratio. As a result, what will be the new profit sharing ratio for D:E:F?​
Business
1 answer:
Kazeer [188]4 years ago
3 0
ANSWER:
3:3:2

EXPLANATION:

We can start by transferring the rate at which D and E split the profit and loss equally.

Since they both get one half, D and E are represented by 1/2 or 50%

The equation for their portions is 1 = D + E

The new partner, F, takes 1/4 of the total profit

1 - 1/4 = F
3/4 = F


Next, we can determine how much of the loss and profits go to D and E

Since D and E are equal, we can sub D in for E

3/4 = D + E
3/4 = D + D
3/4 = 2D
3/4/2 =D
3/4(1/2) = D
3/8 = D

The ratio is 3/8: 3/8: 1/4

To get rid of fractions, multiple everything by 8:

3: 3: 2

Therefore, the ratio of D:E:F is 3:3:2

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In a condition where Griffin Goat Far Inc., has sales of 666000, depreciation expense of 72000, interest expense of 46000, and a tax rate of 24 percent, the net income of this firm will be $416,480.

<h3>What is the significance of net income?</h3>

The net income can be referred to or considered as the surplus difference between the gross income and the expenses plus taxes of an organization for a given period.

Using the given information, it can be interpreted that,

Net Income = 666,000 – (72,000 + 46,000) – 24%

Net Income = 666,000 – 118,000 – 24%

Net Income = 548,000 – 24%

Net Income = $416,480

Therefore, the significance regarding the net income has been aforementioned.

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6 0
1 year ago
Next Generation's predetermined overhead rate is $16 per direct labor-hour and its direct labor wage rate is $11 per hour. Job #
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Answer:

Unitary cost= $147.02

Explanation:

Giving the following information:

Next Generation's predetermined overhead rate is $16 per direct labor-hour and its direct labor wage rate is $11 per hour. Job1987 used $1,202 of direct materials and $5,500 of direct labor.

First, we need to calculate the allocated overhead to Job 1987:

direct labor hours= 5,500/11= 500 hours

Allocated overhead= 500*16= $8,000

Now, we can calculate the total cost and unitary cost of Job 1987:

Total cost= 1,202 + 5,500 + 8,000= $14,702

Unitary cost= 14,702/100 units= $147.02

3 0
3 years ago
flattened organizational structures require more open communication but transparent communication can lead to complications if m
forsale [732]

A flat organization structure has less layers of management between workers and top management. It requires more open communication but transparent communication can lead to complications if management is not well trained.

A flat organization structure means that there are few tiers of management between the lowest-level employees and the top executives. The lack of middle managers gives workers additional power, including the ability to make decisions. The authority, control, and reporting structures for employees are determined by the organizational structure of a corporation.

Your internal communications are more rapid, simple, and less prone to errors or misunderstandings. Larger and taller structures make communication challenging since final decisions must pass through more levels of management. Your business can respond to changes more quickly and waste less time on inefficient communications if it has a flat organization structure.

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4 0
1 year ago
Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as
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Answer:

Product Cost Variable Or fixed Direct or indirect

1. Rubber core for soccer ball Variable Direct

2. Thread to hold leather together Variable Indirect

3. Taxes on factory Fixed Indirect

4. Wages on Assembly workers Variable Direct

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3 years ago
The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchang
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Answer: Option (C) is correct.

Explanation:

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Here, we assume that EPS be $5.

So,

Price-earning ratio at old price = \frac{Market\ Price}{EPS}

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Hence, price-earnings ratio increases.

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