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
Fantom [35]
3 years ago
5

Partners Gary and Elaine have agreed to share profits and 1osses in an 80:20 ratio respectively, after Gary is allowed a salary

allowance of $30,000 and Elaine is allowed a salary allowance of $15,000. If the partnership had net income of $30,000 for 2017 Elaine's share of the income would be A) 15,000 B) 12,000 C)18, 000 D) 3,000 E) None of the above
Business
1 answer:
Verizon [17]3 years ago
5 0

Answer:

E) None of the above

Explanation:

In partnership, the partners earn profit. The salary allowances are considered as though paid to a third party and are considered before arriving at the net income.

As such, given that net income is $30,000 and is to be shared in the ratio 80:20 between Gary and Elaine respectively.

Elaine's share = (20/100) × $30,000

                        = $6,000

You might be interested in
The following transactions occurred during March, the first month of operations for Quality Galleries, Inc. * Capital Stock was
Valentin [98]

Answer:

$445,000

Explanation:

Calculation for the total assets of Quality Galleries at the end of March

First step is to find the balance in the Cash account at the end of March

Cash account balance =$360,000 - $60,000 - $35,000 + $18,000

Cash account balance = $283,000

Now that we have know the Cash account balance the Second step is to calculate for total assets at the end of March

Total assets = $283,000+ $180,000 - $18,000

Total assets = $445,000

Therefore the total assets of Quality Galleries at the end of March will be $445,000

6 0
3 years ago
Tons Beauty LLC uses the double-declining balance method for depreciation on its computers. Which item is not needed to compute
erica [24]

Answer:

Residual or salvage value isn't needed in the calculation of deprecation expense using the double declining method.

Explanation:

Deprecation expense using the double declining method = [2 ×(1/useful life)] × cost of the asset

I hope my answer helps you

8 0
3 years ago
I will cash app any money you need.
IgorLugansk [536]

Answer:

1 annoying customers

2 dirty dishes

3 fast orders

Explanation:

1 try to make sure the dish is correct

2 make sure all dishes r clean before opening

3 pre make usual meal orders

5 0
3 years ago
5. For the following observations, calculate the class width for a histogram.
Soloha48 [4]

Answer:

See Explanation

Explanation:

Given

The histogram

Required

The class width

The question is poorly formatted, as the histogram cannot be read. So, I will answer your question with the attached histogram

The class width is:

Width = Upper - Lower\ Limits

Using the first class, as reference:

Lower\ Limits = 1

Upper\ Limits = 4

So, the class width is:

Width = 4 -1

Width = 3

6 0
3 years ago
A project manager is estimating costs on her video game development project. She utilizes total costs from a similar project tha
Mumz [18]

Answer:

A) Analogous Estimation

Explanation:

Analogous Estimation is the process of comparing past costs and expenses of projects to make estimations for the current projects. This is usually used when there is data limitation for accurate estimations on the current projects.

Parametric is where a unit rate is devised to calculate project costs comprising of several units.

Bottom up estimation deals with estimating smaller cost components and then using the sum of these components to make larger estimates.

Option D is based on rough estimates on the time and effort required for a project.

None of the other options thus take into account past work other than the analogous estimation technique.

Hope that helps.

3 0
3 years ago
Other questions:
  • Suppose the banking system currently has $400 billion in reserves, the reserve requirement is 8 percent, and excess reserves amo
    12·1 answer
  • Listed below are a few transactions and events of Maxum Company. 1. Employees earn vacation pay at a rate of one day per month.
    7·1 answer
  • In countries like _____________ the command economy predominates.
    8·1 answer
  • Bernie is a former executive who is retired. This year Bernie received $190,000 in pension payments and $15,200 of Social Securi
    12·1 answer
  • Michael Angelo's Pepperoni Mini Calzones are easy-to-prepare snacks, but the manufacturer believes customers are not buying the
    11·1 answer
  • HELP!!
    12·2 answers
  • Learning: Share 2 main things you learned about communications in Module 2.
    14·1 answer
  • Zappos' product selection includes performance athletic shoes, outdoor coats, contemporary shirts, couture accessories, and more
    8·1 answer
  • the true statement from the list below, regarding the Contribution Format Income statement. Multiple Choice The Contribution For
    10·1 answer
  • Which task would most lIkely be completed by a fraud examiner?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!