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
ipn [44]
3 years ago
8

Which of the following could be used as a basis to allocate profits among partners who are active in the management of the partn

ership? 1) Allocation of salaries. 2) The number of years with the partnership. 3) The amount of time each partner works. 4) The average capital invested.
Business
1 answer:
grandymaker [24]3 years ago
5 0

Answer:

1, 2, 3 & 4

Explanation:

All of the given options could be used as a basis to allocate the profit among partners. Allocation of salaries is also a basis for profit allocation. Salaries of partner is deducted from the net profit on the basis of predetermined ratio or amounts.

The numbers of years can also be a base for the profit allocation. The partner from the long time could have more share than a new partner but it depends on the agreement of all the partners.

The profit can also be based on the the amount of work work done or time spent by each partner. Some associations and firms use this method to allocate the profit.

The most common method of profit allocation is the capital invested in the business. partners are paid on the basis of what they invested in the business.

You might be interested in
Eckman Company purchased equipment for $120,000 on January 1, 2017, and will use the double-declining-balance method of deprecia
Aleksandr-060686 [28]

Answer:

A. $17,280.

Explanation:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 5

= 20

Now the rate is double So, 40%

In year 2017, the original cost is $120,000, so the depreciation is $48,000 after applying the 50% depreciation rate

And, in year 2018, the ($120,000 - $48,000) × 40% = $28,800

And, in year 2019, ($120,000 - $48,000 - $28,800) × 40% = $17,280

Hence, the first option is correct

5 0
3 years ago
A seller hired broker N under the terms of an open listing. While that listing was still in effect, the seller without informing
ludmilkaskok [199]

Answer:

commission to both brokers N and K.

Explanation:

Broker N is entitled to a sales commission because he/she sold the property. But broker K is also entitled to a commission because an exclusive right-to-sell agreement allows him/her to collect a commission no matter who sells the property. The only exception to the agreement would be if the seller himself/herself sold the property, but that is not the case here.

4 0
3 years ago
7. Which of the following characteristics should exist to
algol13
I think the answer is C but i could be wrong
4 0
3 years ago
Products that appeal to mothers have evolved since mothers are no longer homogeneous like before. Instead, there are traditional
cupoosta [38]

Answer: Change in lifestyle

Explanation:

The lifestyle of current day mom's is very different from what was obtainable in the past, therefore manufacturers need to adjust their products to suit the new lifestyle of current day mom's. Lifestyle here means the behavior, likes and dislikes of current day mom's.

5 0
3 years ago
Read 2 more answers
Managers make assumptions in CVP analysis. These assumptions include: (Check all that apply.) Multiple select question. some uni
BigorU [14]

The assumptions that are made in CVP analysis includes the following:

  • costs can be classified as variable or fixed.
  • costs are linear within the relevant range.
  • constant fixed cost per unit.

<h3>What is CVP analysis?</h3>

Cost Volume Profit analysis is the type of analysis that has to do with the cost accounting. This type of analysis is one that takes the impact of the various costs and volume on profit.

It helps to check how the changes that occur in the variable and the fixed cost affect profit.

Read more on CVP analysis here:

brainly.com/question/26654564

#SPJ1

4 0
2 years ago
Other questions:
  • A mobile device overheats for seemingly no reason. what is the most likely cause?
    12·1 answer
  • The development of an internationally distributed collection of multimedia files addressed using universal resource locators led
    13·1 answer
  • The contribution approach to the income statement:Group of answer choicesOrganizes costs on a functional basis.Shows a contribut
    5·1 answer
  • External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.
    13·1 answer
  • The following requirements are interdependent. For example, the $252,000 desired profit introduced in Requirement c also applies
    7·1 answer
  • X Company purchased a patent on January 3, 2017 from Y Company for $145,000. An attorney drew up the contract between X &amp; Y
    8·1 answer
  • Skipper just got hired as a media liaison for RPA Mines. He will be communicating the mission of the company, as well as giving
    9·1 answer
  • Plastbolt, a company that manufactures and supplies plastic bottles, wants to acquire a smaller company. It plans to invest in t
    10·1 answer
  • What is defined as the perceptions a company's employees share about the firm's psychological environment
    7·1 answer
  • Stefan is from Spain and is visiting Denmark. He finds himself very popular among native Danes because they like his casual and
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!