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xenn [34]
3 years ago
11

Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $61,000. and Martin's capital balance $58,000.

Hewlett and Martin have agreed to share equally in income or loss. The existing partners agree to accept Black with a 20% interest. Black will invest $35,600 in the partnership. The bonus that is granted to Hewlett and Martin equals:___________ a) $2,340 each b) $3,560 each. c) $0, because Hewlett and Martin actually grant a bonus to Black d) 1,825 to Hewlett; $1,780 to Martin. e) $1,825 each.
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
5 0

Answer:

The bonus hat is granted to Hewlett and Martin equals is $2340

Explanation:

Solution

Given that:

Hewlett's capital balance = $61,000

Martin's  capital balance = $58,000

The existing partners agrees ti accept black with =20% interest

Black invest the amount of =$35,600

Now,

The equity after admitting black or allowing black  is given below:

$61,000 + $58,000 +$35,600 = $154,600

The share of black in equity is given as,

$154, 600 * 20% = $30,920

The Bonus that is present  for Hewlett and Martin is = $35,600 - $30,920

=$4,680

Thus,

When shared equally it is = $2340 for both partners

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Answer:

The correct answer is the first option: True.

Explanation:

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3 years ago
Importance of the different types of elasticity<br><br>​
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Answer:

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Explanation:

hope it helped you...mate!

5 0
3 years ago
Auditors may decide to perform some tests of controls or not perform any tests of controls, if inherent risk is assessed as ____
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Explanation:

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6 0
2 years ago
The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is:
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3 years ago
Item11 Item 11Item 11 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 390,000 Variabl
sleet_krkn [62]

Answer:

the total contribution margin is $245,700

Explanation:

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