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
A registered representative has left a firm and joined another. The new firm must obtain a copy of the form u-5 filled out by th
Paraphin [41]

The new firm obtains a copy of the form from the new employee and from FINRA's Central Registration Depository.

A firm is a for-income enterprise, commonly fashioned as a partnership that offers expert services, which include legal or accounting services. The concept of the firm posits that companies exist to maximize profits.

A firm is an enterprise that seeks to make a profit thru the sale of products and offerings. The time period firm is synonymous with enterprise or corporation. Firms can function beneath numerous special systems, together with sole proprietorships and companies.

The adjective company describes something this is strong and unwavering. if your top-notch Aunt Martha had a firm notion that kids need to be visible and now not heard, you and your siblings might have spent your early life using her loopy. something this is stable can also be defined as firm.

Learn more about firms here brainly.com/question/24448358

#SPJ4

7 0
2 years ago
How is "Value" assigned to assets
konstantin123 [22]
They use The Economic Analysis Method to assign an monetary value, because it is often difficult to assign a value. This approach ( The Economic Analysis Method) states that, the patents value is the replacement cost, or at least the right amount to replace the protection right on the invention.

I hope this answered your question! :^)
3 0
3 years ago
Art is a self-employed installer of home entertainment systems, and he drives his car frequently to installation locations. Art
kap26 [50]

Answer:

Explanation:

The expenses that Ryan can deduct for the business trips he had is calculated by summing up the expenses he had with regards to gasoline and the depreciation.

Cost of gasoline = (3,760 miles)($1,590/18,800 miles) = $318

Cost of depreciation = $4,800

Adding the costs will give us an answer of $5118.

Answer: $5,118

3 0
3 years ago
Briefly define the term spend as it is used in business purchasing. In a paragraph or two, explain how the Internet has reduced
Phantasy [73]

Answer: check the attached file for the answer

Explanation:

Download docx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
6 0
3 years ago
Portions of the financial statements for Alliance Technologies are provided below. Alliance Technologies Income Statement For th
Dmitrij [34]

Answer:

Net cash flow from Operating activities  $       97,000.00

Explanation:

The problem can not be solved on the answer box here, that is why i made use of the microsoft word table in other to understand the solution properly

Download docx
3 0
3 years ago
Other questions:
  • Exercise 2-15 Computing net income LO A1 A corporation had the following assets and liabilities at the beginning and end of this
    7·1 answer
  • The statement of owner's equity: Multiple Choice
    5·1 answer
  • Proton corp. is an automobile manufacturer known for producing efficient, durable, and low-priced cars. recently, the company la
    10·1 answer
  • Tano issues bonds with a par value of $180,000 on January 1, 2016. The bonds' annual contract rate is 8%, and interest is paid s
    9·1 answer
  • 4. Problems and Applications Q4 A price change causes the quantity demanded of a good to increase by 12%, while the total revenu
    9·1 answer
  • 1. Jovanna has determined that she wouldn't want to be a nurse because she really doesn't like the sight of blood and she tends
    13·2 answers
  • 13. You have started your first job today, and you want to buy a house within 3 years. You are currently saving for the down pay
    15·1 answer
  • Campbell co. is a u.s. firm that has a subsidiary located in jamaica. the subsidiary has generated losses for the last five year
    12·1 answer
  • All of the following information should be researched before a job interview EXCEPT what?
    8·2 answers
  • Suppose that the country of Libraria made a concerted effort to increase the educational level of its people. If this effort had
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!