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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:

19.1% management rate.

Explanation:

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Adjusted fee charge for total unit of product = 575 * 50 = $28750

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15% vacancy and loss rate = .15 * 571250 = $85687.5

Total management fee per year = $114437.5

Percentage rate management fee = (114437.5/600000) *100

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Answer:

Question 1)

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Explanation:

Question 1)

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Decrease in money supply = $25,000 / 0.05

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5 0
3 years ago
If the net present value of the payments at the time of the leases was 88% of the actual market price and the useful life of the
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Answer:

A. True

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3 years ago
Ozone (O3) is a gas in the earth's atmosphere. How do you know that ozone is covalently bonded and not ionically bonded?
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Answer:

The answer is below

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The discounted payback period does account for the time value of money, and the payback period does not.

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