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cupoosta [38]
3 years ago
7

29. Maxwell is trying to decide whether to accept a salary of $60,000 or a salary of $25,000 plus a bonus of 20% of net income a

fter salaries and bonus as a means of allocating profit among the partners. Salaries traceable to the other partners are estimated to be $75,000. What amount of income would be necessary so that Maxwell would consider the choices to be equal? A. $175,000
B. $210,000
C. $285,000
D. $310,000
Business
1 answer:
Akimi4 [234]3 years ago
3 0

Answer:

Maxwell world consider choice equal to $310000

Explanation:

given data

accept a salary = $60,000

salary = $25,000

bonus = 20% of net income

to find out

amount of income would be necessary so that Maxwell would consider

solution

we get here income by bonus that is express as

bonus = 2 ( income - bonus - salary )   ..............1

3500 = 2 ( income - ( 0.2 × 35000 ) - ( 0.2 × (75000 + 35000) )

solve it we get

income = $310000

so Maxwell world consider choice equal to $310000

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4 0
2 years ago
Many companies use the Internet to allow consumers to design customized products; for example, Nike allows customers to order sh
Alja [10]

Answer:

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Nike allows customers to order shoes with custom color combinations is a type of need based micro-marketing.

4 0
3 years ago
Kay Company budgets overhead cost of $4,104,000 for the next year. The company uses direct labor hours as its overhead allocatio
Kobotan [32]

Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.

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Find out more on assigning overhead costs at brainly.com/question/22812280.

#SPJ1

3 0
2 years ago
What happens if you lose the money you invested in your stock?
saveliy_v [14]
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7 0
3 years ago
Manistee Corporation reported taxable income of $1,200,000 this year and paid federal income taxes of $408,000. Not included in
lidiya [134]

Answer:

$737,000

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2 years ago
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