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Fantom [35]
4 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]4 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

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The Jacob Corporation acquired land, buildings, and equipment from a bankrupt company at a lump-sum price of $500,000. At the ti
4vir4ik [10]

Answer:

173,333.33

Explanation:

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500,000 + 20,000 = 520,000

Land + Building + Equipment = Total Fair Value

100,000 + 200,000 + 300,000 = 600,000

Building Costs:

Fair Value Building / Total Fair Value = % of the building cost to apply to the total spent x Total Spent

200,000 /600,000 = .3333 x 520,000 = 173,3333.33

8 0
3 years ago
Max is a waiter at a coffee shop. he gets paid $100 every day at 9 p.m. regardless of the number of customers he serves during t
Lera25 [3.4K]

Max is a waiter at a coffee shop. He gets paid $100 every day at 9 p.m. regardless of the number of customers he serves during the day. In this scenario, max's payment is based on the fixed-interval schedule. Hence, option C is correct.

<h3>What is fixed-interval schedule?</h3>

In fixed-interval schedules, the first reaction is only rewarded when a predetermined amount of time has passed. With this schedule, reactions are quicker toward the end of the interval but slower immediately following the reinforcement.

A child may receive a candy as part of a fixed-ratio program after reading three to ten pages of a book.

Thus, option C is correct.

For more details about fixed-interval schedule, click here:

brainly.com/question/12282349

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The options are missing-

a. fixed-ratio schedule

b. variable-interval schedule

c. fixed-interval schedule

d. variable-ratio schedule

3 0
1 year ago
360-degree feedback Select one: a. is designed to provide feedback for promotion or pay decisions. b. is designed to deal with a
Aneli [31]

Answer:   Option C  

           

Explanation: In simple words, 360-degree feedback refers to the feedback process in which an employee receives feedback from not just its superiors but from his or her peers, subordinates and customers also. Even sometimes self evaluation is also taken into consideration.

Such process provides a clear picture of how an employee perceives themselves and what is their image in the eyes of other related parties. These processes helps an individual employee to understand their strength and weaknesses and it also provides insight for their personal development.

7 0
3 years ago
Describe at least one global trend that you think offers a business opportunity in the global marketplace?
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8 0
3 years ago
Read 2 more answers
So why it is a ration decision to make sure the marginal benefits outweighs the marginal costs? (Be detailed, you can use exampl
Rzqust [24]

Answer:

For the business to make profits

Explanation:

Marginals revenue is the additional income realized from the sale of an extra unit. It is the revenue that a firm will gain by selling one more unit of a product or service.

Marginal cost is the expense incurred in the production of one more unit of a product.  A business compares marginal revenue to marginal cost to decide if it will cease or continue with production and selling activities.

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If the marginal revenue from a computer is $40 and the marginal cost is $50,  selling on extra computer results in a loss of $10. But if the marginal revenue from the same computer is $60, the sale on one more unit will be a gain of $10.

6 0
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