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Zina [86]
4 years ago
10

Maria, an active partner in the Grifton/Blum CPA firm partnership, receives an annual bonus of 10% of partnership net income aft

er deducting the bonus. For the year ended 2017, partnership income before the bonus was $220,000. Maria should receive a bonus of_________.
Business
1 answer:
nevsk [136]4 years ago
6 0

Answer: $19,800

Explanation: Annual Bonus is 10% of 220,000= 22,000

Net income of partnership = 220,000- 22,000= 198,000

Bonus due to maria is 198,000*10%= 19,800

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Alexus [3.1K]
B. i think... yea it should be.
8 0
3 years ago
Read 2 more answers
A firm's collection policy, i.e., the procedures it follows to collect accounts receivable, plays an important role in keeping i
kramer

Answer:

a) true

Explanation:

The average collection period could be computed by

= Total number of days in a year ÷ account receivable turnover ratio

It determines the number of days in which the customers pay the amount to the company.

If the payment is made within the prescribed time or early so it shows the goods performance else it reflects the worst performance

Therefore according to the given situation, if there is strictness in collection policy which ultimately reduced profit due to lost sales plays a very important role in shorten the collection period

3 0
3 years ago
Nabor industries is considering going public but is unsure of a fair offering price for the company. The firm's CFO has gathered
andreev551 [17]

Answer:

e. $3,892,587.08

Explanation:

The value of Nabor Industries entire company using the free cash flows can be determined by calculating the present value of all free cash flows that will be occurred in the future in the following manner:

Present value of 2004 free cash flow                            $176,991.15

200,000(1+13%)^-1

Present value of 2005 free cash flow                            $234,944

300,000(1+13%)^-2

Present value of 2006 free cash flow                            $277,220.06

400,000(1+13%)^-3

Present value of cash flows after 2006                         $3,203,431.86

((400,000(1+4%))/(13%-4%))*(1+13%)^-3

Value of Nabor Corporation                                            $3,892,587.07

So based on the above calculations, our answer is e. $3,892,587.08

8 0
3 years ago
What sections make up a balance sheet? <br> Assets <br> Capital <br> Liabilities <br> Owner's Equity
PtichkaEL [24]

assets, liabilities, and equity.

7 0
3 years ago
At Fantastic Flavors, a large regional chain of candy stores, employees from marketing, design, production, and finance departme
k0ka [10]

Answer:

The answer is: C) team-based new product development

Explanation:

Team based new product development: When a company assembles a cross functional team of employees form different departments to work on the development of new products or services.

This approach has the advantage of saving time over the traditional process of passing a new product from one department to another.

5 0
3 years ago
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