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Deffense [45]
3 years ago
9

Albert, billy, and cathy share profits and losses of their partnership as? 1:4:3, respectively. if the net income is? $30,000, c

alculate? albert's share of the profits
Business
1 answer:
Luba_88 [7]3 years ago
7 0
<span> In order to clearly determine how Albert, Billy and Cathy share the profits and losses of their partnerships, we can convert the ratios into fractions. We do this by adding total ratio terms to get the whole. For example the total that is derived from the ratio 1:4:3 is 1+4+3 which gives 8. Since we have been given the profit that is to be shared between the three partners, all we have to do is multiply the total profit ($30,000) by each person's fraction. Albert's share of the profits is (1/8*30000) which gives $3750.</span>
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Diano4ka-milaya [45]

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5 0
1 year ago
A gardener has three herb beds she wishes to plant in a design that consists of three equilateral triangles laid out in such a w
densk [106]
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8 0
3 years ago
The purpose of a balance sheet is to report the ______.
bagirrra123 [75]

Answer:

c. financial position of a business at a particular point in time

Explanation:

A balance sheet is a financial statement that shows the financial position of a business at a particular point in time. It lists the assets, liabilities, and owner's equity.

I hope my answer helps you

3 0
3 years ago
It is inappropriate to prescribe antibacterial agents to treat colds or flu because
Sonbull [250]

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7 0
3 years ago
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Quebec, Inc. for an
STatiana [176]

Answer:

Quebec, Inc.

Assuming Quebec, Inc. uses FIFO periodic inventory procedures, the ending inventory cost is:

= $2,220.

Explanation:

a) Data and Calculations:

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Beginning Inventory   32         $54            $1,728

Sale No. 1                                                                              10

Purchase No. 1           28           60               1,680

Sale No. 2                                                                            32

Purchase No. 2          20          57                 1,140

Totals                         80                            $4,548             42

Ending Inventory using FIFO periodic inventory system:

Units of ending inventory = 38 (80 - 42)

Units are from:       Units   Unit Cost   Total Cost

Purchase No. 1           18           60       $1,080

Purchase No. 2          20          57          1,140

Ending Inventory       38                    $2,220

7 0
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