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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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Explanation:

How did Carter plan to achieve his goals regarding the hostages?

Check all of the boxes that apply.

Convince Iran that the real danger was the Soviet Union, not the United States.

Team up with Iraq to invade Iran.

Get help from other countries to express disapproval of Iran’s actions.

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2 years ago
The production possibilities model illustrates an inverse relationship between two goods or services because
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Answer:

production of different types will compete for limited resources.

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6 0
3 years ago
At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing cos
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Answer:

$36

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3 years ago
A company has $1,378 in inventory, $4,827 in net fixed assets, $664 in accounts receivable, $298 in cash, $626 in accounts payab
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Answer:

$7,167

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