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
alexira [117]
3 years ago
12

The partnership contract for Hanes and Jones LLP provides that Hanes is to receive a bonus of 20% of net income (after the bonus

) and that the remaining net income is to be divided equally. If the partnership income before the bonus for the year is $57,600, Hanes’ share of this pre-bonus income is:
Business
1 answer:
bogdanovich [222]3 years ago
3 0

Answer:

pre-bonus income is $33600

Explanation:

given data

bonus = 20% of net income

income before the bonus = $57600

to find out

pre-bonus income

solution

we know pre income bonus is express as

pre-bonus income = bonous + share of income    ............1

so bonus = 20/120 × 57600 = $9600

and share of net income = 1/2 × ( 57600 - 9600)

share of net income = $24000

so from equation 1

pre-bonus income = bonous + share of income

pre-bonus income =9600+ 24000

pre-bonus income is $33600

You might be interested in
Listed below are a number of statements concerning relevant versus irrelevant costs and benefits. Complete each statement by pro
lord [1]

Answer:

1. Irrelevant costs

2. Capacity

3. Opportunity costs

4. Fixed Expense

5. Going concern

6. Coalition, Intuition, Escalation of Commitment, Risk Propensity, and Ethics

7. At full capacity

8. Differential Analysis

3 0
3 years ago
What is the difference between a closed shop and a lockout
pentagon [3]

Answer:

A closed shop refers to business which employs union workers alone, whereas in case of a lockout, such a business does not permit employment of union workers.

Lockout serves as a mean to curb labor union demands. In lockouts, the owners of such businesses lock out or block the entry/employment of union workers.

In case of a closed shop, all the employees represent members of labor union. The two concepts represent exactly opposite scenarios.

8 0
4 years ago
Marcus is a manager of an automobile parts factory. he oversees the process of transforming the raw materials into automobile pa
Vinil7 [7]

Marcus is an operations manager, meaning he works to design and control production and operations involved in making and delivering a product.

4 0
3 years ago
You are given the following information: Stockholders' equity as reported on the firm’s balance sheet = $4 billion, price/earnin
Mazyrski [523]

Answer:

Explanation:

1. Shareholder's Equity = 4 billion

shares outstanding = 60 million

Book value/ share = 4000/60 = $66.66/ share

Market value / Book Value = 1.7

Market value of stock = 1.7*66.6=$113.22

2. EBITDA or earnings before interest, taxes, depreciation and amortization

Enterprise value (EV) = Market value of equity . + Market value of debt. - Cash =4bill + 8bill - 320million

=12 billion -320 million

=1.168 billion

8 0
3 years ago
Zynga creates new software versions and builds every day to ensure that their customers are always playing the latest and greate
natta225 [31]

Answer: This will result in <u>Responsiveness Metrics.</u>

Explanation:

Responsiveness Metrics is very important in customer satisfaction of a product or game. There are metrics that are checked during game play such as loss of life, loss of health, how long a person is on screen, and time moving among other things.

There are five basic customer experience metrics that are important for all businesses such as;

  • Problem Resolution Time
  • Contact Volume by Channel
  • Was the Customer Able to Find What They Were Looking For?
  • First Response Time
  • Overall Customer Experience Rating
4 0
3 years ago
Other questions:
  • Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
    13·1 answer
  • Adam, a flower shop owner, wants to drive phone calls to his store. which adwords tool should he use to track how many calls res
    6·1 answer
  • For much of the past decade, battles have been going on over oil and gas drilling in
    14·1 answer
  • On which bob dylan album did half of the songs use electric instruments?
    10·1 answer
  • Services United is considering a new project that requires an initial cash investment of $78,000. The project will generate cash
    9·2 answers
  • ______ is a legal doctrine that requires employers to have a job-related reason for terminating employees, including violation o
    13·1 answer
  • At the extreme, a firm that adheres to the conservative approach to finance current assets will finance all of its seasonal need
    14·1 answer
  • A car dealer advertises a rock-bottom price for a sports utility vehicle that usually goes for $1,000 or more. When you get to t
    15·1 answer
  • A VC investor has invested $5 million in the preferred stock of a venture that is now being acquired for $50 million. The invest
    9·1 answer
  • The laissez faire model is inspired by the work of which economic philosopher?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!