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
The present worth of this business it has been calculated is given as $302,898.
How to solve for the worth of the business
<u>In the first year</u>
Cash flow = 44000
PVF at 9.7% = 0.91158
The present value = 0.91158 * 44000
= $40106
<u>In the second year </u>
Cash flow = $61,000,
PVF at 9.7% = 0.83097
The present value = $50689.17
<u>In the third year</u>
Cash flow = $80,000
PVF at 9.7% = 0.7575
The present value = $60600
<u>In the 4th year </u>
Cash flow = $200,000
PVF at 9.7% = 0.7575
The present value = $151,500
The worth of the business today is going to be the sum of all the present values
= $151,500 + $60600 + $40106.52 + $50689.17
= $302,898
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Answer: The correct answer is "Material losses resulting from correction of errors related to prior periods.".
Explanation: It is generally established that the type of loss that is excluded from the determination of net income in the income statement are the material losses resulting from transactions in the company's investments account.
Answer:
B. Invite further correspondence.
C. Close with good wishes.
D. Buffer the opening.
Explanation:
These are all strategies that can be used to soften the bad news of rejection for a candidate that is not going to be hired. When you buffer the opening of your correspondence, you contribute to making the reader feel less negative about the news. Moreover, by inviting further correspondence, you demonstrate that the rejection is nothing personal and should not be taken as such. Finally, by closing with good wishes, you end on a positive note that is reassuring to the candidate.
The correct option is C
<u>Explanation:</u>
The annual profit increase = $400,000
<u>The following formula is to be used in order to calculate the total profit enhancement in five years
</u>
The total profit increase in 5 years = 400000 multiply with 5 = $2,000,000 = $2 million
, As compared to cost of $1 million.
Thus, The correct option is answer (C) To take on the new salon because the expected marginal benefit ($2 million over 5-years) is greater than the estimated marginal cost ($1 million).
