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Nady [450]
3 years ago
15

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

include the following provisions regarding the division of net income: interest on original investment at 15%, salary allowances of $22,000 and $20,000 respectively, and the remainder equally. If the business has a net income of $90,000, how much of that should be allocated to Xavier?
Business
1 answer:
sveticcg [70]3 years ago
4 0

Answer:

Total of Xavier's share = $49750

Explanation:

The allocation of net income to both Xavier and Yolonda will be as follows,

Net Income                              90000

<u>Interest on Capital:</u>

Xavier(0.15 * 100000)      15000  

Yolonda(0.15 * 50000)    <u>  7500</u>   <u> (22500) </u>

                                              67500

<u>Salary:</u>  

Xavier                           22000  

Yolonda                           <u>20000</u>      (<u>42000)</u>

                                               25500

<u>Share of remaining profit:</u>  

Xavier                             12750  

Yolonda                             <u>12750</u>        <u>25500 </u>

<u />

Total of Xavier's share = 15000 + 22000 + 12750  = $49750

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Answer:

a.contains debt financing

Explanation:

Company activities are sponsored through two sources namely;Equity and debt. Equity is the fund available to the business from the owners of the business while debt refers to fund from 3rd parties.

A company is said to be geared when it has some element of debt financing. This is the same as leverage. Hence Leverage implies that a company contains debt financing

5 0
3 years ago
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They really don’t purchase much, but they like the recreation the outing provides. Which type of shopping activity is this? Grou
algol13

Answer:

experiential shopping

Explanation:

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3 years ago
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Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory system. The following transactions (summ
marin [14]

Answer:

Net Sales

Gross Revenue                                           $‭101,200

Less:

Sales Discount                         $288

Sales Returns                          <u> $1,000 </u>      <u>  $1,288</u>

Net Sales                                                      $‭99,912‬‬

Gross revenue  = 83,200 + 18,000 = $‭101,200‬

Gross Profit

Net Sales                                                      $‭99,912‬

Less: Cost of Goods sold                           <u> ($‭52,747‬)</u>

Gross Profit                                                  $‭‭47,165‬

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= 44,797 - 600 + 8,550

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7 0
3 years ago
TB MC Qu. 7-77 Corbel Corporation has two divisions: Division A and ... Corbel Corporation has two divisions: Division A and Div
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Answer:

Corbel Corporation's common fixed cost  is $41,650

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Division B contribution Margin       <u>$80,850</u>           $128,550

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Common fixed cost                                                   <u>$41,650</u>

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