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mr Goodwill [35]
3 years ago
12

nnual salary allowance to Jack of $169,680. Interest of 7% on each partner's capital balance on January 1. Any remaining net inc

ome divided to Jack and Bernard, 1:2. Jack and Bernard had $96,000 and $87,000, respectively, in their January 1 capital balances. Net income for the year was $303,000. How much is distributed to Jack and Bernard?
Business
1 answer:
Katarina [22]3 years ago
7 0

Answer:

$216,570; $89,430

Explanation:

Jack:

Interest amount = 7% × $96,000

                           = $6,720

Bernard:

Interest amount = 7% × $87,000

                           = $6,090

Overall profit = Net income - salary - interest amount

                      = $303,000 - $169,680 - ( $6,720 + $6,090)

                      = $303,000 - $169,680 - $12,810

                      = $120,510

Profit is divided in a 1:2 ratio among Jack and Bernard:

Jack's profit = $120,510 × (1/3)

                    = $40,170

Bernard's profit = $120,510 × (2/3)

                          = $80,340

Net income should be distributed to Jack:

= salary + Interest + profit

= $169,680 + $6,720 + $40,170

= $216,570

Net income should be distributed to Bernard:

= Interest + profit

= $6,090 +$80,340

= $89,430

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Answer:

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Explanation:

Given

Financial securities at a geometric rate= $128

Underlying Security Asset = $14

Decreased value of the underlying asset = $6

When there's a reduction of $6 in the underlying asset price, this means the securities value will also get a reduction by a ratio of 6.

Because of this, we'll only consider the financial securities because it increases at a geometric progression unlike underlying assets that increases by arithmetic progression.

First, the value of financial securities needs to be calculated using the following formula;.

Value of Financial Securities = Financial securities at a geometric rate ÷

Decreased value of the underlying asset

Value of Financial Securities = $128 ÷ 6

Value of Financial Securities = $21.3

Tthe decline value of the financial securities is calculated as follows:

Decline Value = Financial securities at a geometric rate - Value of Financial Securities

Decline Value = $128 - $21.3

Decline Value = $106.7

Hence, the financial securities would decline by $106.7

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3 years ago
Risk acceptance defines the quantity and nature of risk that organizations are willing to accept as they evaluate the trade-offs
NNADVOKAT [17]

Answer:

Tolerance

Explanation:

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The company should be constantly mindful of its operations and how they impact the environment. It is the moral and ethical responsibility of every human and every business. A business that upholds the law is also a business that values social responsibility. The company is free to operate whatever it sees fit, but only within the confines of the rules set down by numerous laws, including labor, environment, and criminal laws.

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5 0
2 years ago
J&J Foods wants to issue 5.4 percent preferred stock with a stated liquidating value of $100 a share. The company has determ
Studentka2010 [4]

Answer:

$65.85

Explanation:

Calculation for What should the offer price be

Using this formula

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3 0
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Alzania produces and consumes​ 500,000 tons of cotton during a year. Reports indicate that​ Alzania's neighbor, which also emplo
Rama09 [41]

Answer:

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Alzania and its neighbor both produce cotton and they both have the same amount of workers in the production of cotton. If Alzania is able to produce more cotton (or any type of product) using the same amount of resources (in this case labor) than its neighbor, we can conclude that Alzania does have an absolute advantage in that industry.

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