1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oliga [24]
3 years ago
7

Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnershi

p include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $34,000 and $26,000, respectively; and the remainder to be divided equally. How much of the net income of $120,000 is allocated to Xavier?
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
5 0

Answer:

=$59,000.00

Explanation:

Original investments:

Xavier: $50,000.00

Yolanda $ 100,000.00

Allowances:

Xavier: $ 34,000.00

Yolanda : $ 26,000.00

Income at $120,000.00

Xavier allocation will be:

Calculating interest on the original investment

Xavier =20/100x $50,000.00 =$10,000.00

Yolanda=20/100 x$100,000.00 = $20,000.00

Total interest on original investments = $30,000.00

Total allowances = $34,000+$26000=$60,000.00

Shareable income= $120,000.00- ($30,000+$60,000)

      = $30,000

                  each gets $15,000.00

Xavier will get $ 15,000 + $ 10,000 +$ 34,000

=$59,000.00

You might be interested in
The first step in the decision-making process requires you to do what?
Semmy [17]

Answer:

think.....all you have to do is think XD

but in all honesty the answer is a determine your descision

4 0
2 years ago
Dole, the sole owner of Enson Corp., transferred a building to Enson. The building had an adjusted tax basis of $35,000 and a fa
faust18 [17]

Answer:

C. $40,000

Explanation:

For computing the amount of the gain recognized, first we have to calculate the gain recognized based on the adjusted basis

= Cash received + fair market value of the stock - adjusted cash basis

= $40,000 + $60,000 - $35,000

= $100,000 -$35,000

= $65,000

But the cash is received for $40,000. So, only $40,000 of gain would be recognized. As in the case of transfer, if the amount is received other than the stock so the amount which is received is recognized as a gain i.e $40,000

4 0
3 years ago
It is claimed that mutual funds have two advantages. The first is that mutual funds allow people with small amounts of money to
romanna [79]

Answer:

The correct answer is d. Economists strongly agree with the first claim, but are skeptical of the second.

Explanation:

A mutual fund is an investment alternative that consists of contributions from natural and legal persons (called participants or contributors), to form equity for their investment in shares, debt instruments or fixed income, or a combination of both ( shares + fixed income). They offer a diversified investment alternative since they invest in numerous instruments at the same time. These instruments vary according to the type of fund and are defined by the investment policy regulated by the Superintendency of Securities and Insurance. They are managed by corporations called General Fund Administrators (AGF) that are chosen by the participants themselves. It is important to choose both the administrator and the type of fund based on what best suits each personal situation.

5 0
3 years ago
Adam and Alyssa are equal partners in the PartiPilo Partnership. The partners formed the partnership three years ago by contribu
Rina8888 [55]

Answer and Explanation:

Partnership can be defined as a form of business which is often carried out by two or more people with the sole aim of making profit.

a) Adam receives only money in the distribution and the distribution exceeds his basis.

Particular Amount

Distribution $16,000

Less: Basis $12,000

Recognized Gain $4,000

b) Adam has $0 remaining basis in his partnership interest due to the fact that all the money or cash he received in the partnership distribution is allocated in outside basis and not within basis.

c) Alyssa has not recognized any gain or loss from the current distribution due to the fact that the cash Alyssa received in distribution is fully adjusted in the outside basis.

d) After adjusting the money received against the outside basis the remaining outside basis of $4,000 will be adjusted by property, which is why Alyssa will assign $4,000 basis to the property.

e)

Particular Amount

Basis $12,000

Less: cash distribution $8,000

Less: Property $4,000

Remaining basis $0

Therefore Alyssa remaining basis in her partnership interest will be $0

4 0
3 years ago
World-class performance measures can be used in different functional areas of a firm to satisfy objectives, enhance the value of
Snezhnost [94]

Answer:

The correct answer is the option D: All of these above.

Explanation:

To begin with, in the field of business worldwide it is very common for the big companies to use performance measures in order to see how they are doing and to see how the competitors are doing so that they can predict future actions and it also help them to take better management decisions. Moreover, all of that is possible due to the provision of those measures in the most important areas of the company, such as the quality department, the cost department and the customer service department. The measures must be measured in all of those ares because the combination of all of them together makes it easier to take decisions that affects the company in its whole and not only in the departments.

6 0
2 years ago
Other questions:
  • Marla, a bookkeeper, would like to work at home in order to be with her young children. But before setting up her home-based boo
    14·2 answers
  • An art director is an an example of?
    15·2 answers
  • Can these two countries gain from trading oil and fish​ oil?
    10·1 answer
  • A forecasted workload and a recommended care standard determine the:
    5·1 answer
  • Imagine that your boss has given you the task of giving a speech at the next staff meeting about new office procedures. What que
    6·1 answer
  • Peggy Lane Corp. a producer of machine tools, wants to move to a larger site. Two alternative locations have been identified: Bo
    14·1 answer
  • A major reason outsourcing is effective is that a. few firms possess superior capability in all primary and support activities.
    6·1 answer
  • g Perfection purchased a 25% stake in Satisfactory for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of
    10·1 answer
  • Briefly state the reasons why a company would not wish to distribute all its profits to its shareholders.​
    9·1 answer
  • Emerald Co. uses a perpetual inventory system and records purchases of merchandise at net cost. The company recently purchased 2
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!