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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

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$898

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4 years ago
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Planning a meal that includes many different-colored foods is an example of which characteristic of a healthful diet? adequacy m
lara31 [8.8K]

Answer:

Variety

Explanation:  

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3 years ago
List and explain three ways you can make your reference’s job easy.
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3 years ago
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Paxson began 2014 with an inventory T-account debit balance of $22,000. In 2014, its inventory purchases amounted to $42,000, an
sveta [45]

Answer:

$46,000

Explanation:

Note: The balance sheet is shown in the attachment. Kindly find it below:

The computation of the cost of goods sold expense is shown below:

Cost of goods sold = Opening inventory + Purchase - ending inventory

where,

Opening inventory = $22,000

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So, the cost of goods sold is

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4 years ago
The weighted-average cost method is used by Jose, Inc. Sales are $240,000, the number of units available for sale is 100, the nu
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Answer:

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Explanation:

Giving the following information:

Sales= $240,000

Number of units sold= 75

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