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maw [93]
3 years ago
14

Shue, a partner in the Financial Brokers Partnership, has a 30 percent share in partnership profits and losses. Shue's capital a

ccount had a net decrease of $100,000 during 20X8. During 20X8, Shue withdrew $240,000 as withdrawals and contributed equipment valued at $50,000 to the partnership. What was the net income of the Financial Brokers Partnership for 20X8?
A. $633,334
B. $466,666
C. $300,000
D. $190,000
Business
1 answer:
mr Goodwill [35]3 years ago
4 0

Answer:

C. $300,000

Explanation:

Shue Capital Account:

contribution                          50,000

partnership income x 30%

withdrawals                       (240,000)

change in capital account (100,000)

50,000 + Shue profits - 240,000 = -100,000

Shue profit = 240,000 - 100,000 - 50,000

Shue profit =   90,000

Partnership profit:

90,000 / 0.30 = 300,000

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Janice really likes potatoes. Potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other i
fiasKO [112]

Answer:

A) Janice will purchase 3 pounds of potatoes since she will buy them until her consumer surplus ≤ 0. The fourth pound of potatoes costs $1, and Janice is willing to pay only $0.30, so her consumer surplus s negative (-$0.70).

Consumer surplus is the difference between the price that a customer is willing and able to pay for a good and the good actual price.

B) If Janice only had $2 to spend, she would buy 2 pounds of potatoes, since her consumer surplus is positive at 2 pounds.

first pound costs $1, and Janice is willing to pay $1.50, consumer surplus = $0.50

second pound costs $1, and Janice is willing to pay $1.14, consumer surplus = $0.14

3 0
3 years ago
Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 y
Andru [333]

In 8 years, Dania Corporation's sales would be $936.33 million.

Solution:

Since last year sales = $525 million,

Let last year be Year 0

So, in year 0 = $525 million.

Sales grow = 7.5% per year,

Year 1,

525 x 1.075 = $564.375 million.

Year 2,

564.375 x 1.075 = $606.7 million

Year 3,

606.7 x 1.075 = $652.2 million

Year 4

652.2 x 1.075 = $701.12 million

Year 5

701.12 x 1.075 = $753.7 million

Year 6

753.7 x 1.075 = $810.23 million

Year 7

810.23 x 1.075 = $871 million

Finally in year 8

871 x 1.075 = $936.33 million

To learn more about sales visit:

brainly.com/question/14253274

#SPJ4

3 0
2 years ago
Operations managers have learned that quality control is not a never-ending process. Just before you add packaging to the finish
nikitadnepr [17]

Answer:

False.

Explanation:

Operations manager should ensure quality control is done at all stages in the production cycle to ensure highest standard. If quality check is carried out only at the final stage defects that should have been spotted earlier will cause product to be discarded.

So checking the product at the last stage is counter-productive.

5 0
3 years ago
What is the best strategy to avoid paying interest on your credit cards?
lord [1]

c pay the miminum balance each month

8 0
3 years ago
Read 2 more answers
Leasing a car may be a better option than buying a car
AfilCa [17]
If you do t plan on having it for a long time, then you don’t have to worry about the maintenance issues and upkeep.
5 0
2 years ago
Read 2 more answers
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