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
nika2105 [10]
3 years ago
8

Kramer and Knox began a partnership by investing $60,000 and $80,000, respectively. Assume that the partners agreed to share net

income and loss by granting annual salary allowances of $50,000 to Kramer and $40,000 to Knox, 10% interest allowances on their investments, and any remaining balance shared equally.
1. Determine the partners' shares of Kramer and Knox given a first-year net income of $98,800. (Losses and amounts to be deducted should be entered with a minus sign.)
2. Determine the partners' shares of Kramer and Knox given a first-year net loss of $16,800. (Losses and amounts to be deducted should be entered with a minus sign.)

Business
1 answer:
Gwar [14]3 years ago
5 0

Answer:

1. $53.4 for Kramer and $45.5 for Knox

2. -$4.4 for Kramer and -$12.4 for Knox

Explanation:

Partner’s agreement before dividing profit or loss is to grant salaries and 10% interest to the partners. In effect, this agreement will be followed whether the partnership incurs profit or losses for the period. First, all salaries should be given to the partners and the 10% interest as well. Any excess whether profit of loss will be divided equally by the partners. Computation of division of profit or loss are attached for proper demostration.

You might be interested in
An organization's critical application is required to be continuously available, with only a few minutes' per month of downtime
Elina [12.6K]
<span>Availability is usually expressed as a percentage of uptime in a given year. SLAs often refer to monthly downtime or availability in order to calculate service credits to match monthly billing cycles. Many computing sites exclude scheduled downtime from availability calculations. By doing this, they can claim to have phenomenally high availability, But if the requirement is for true high availability, then downtime is downtime whether or not it is scheduled.</span>
7 0
3 years ago
ABC Corporation has 2.8 million shares of stock outstanding. The stock currently sells for $50 per share. The firm’s debt is pub
Hoochie [10]

Answer:

13.38%

Explanation:

The formula to compute WACC is shown below:

= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of  common stock) × (cost of common stock)

where,  

Market value of equity = 2,800,000 × $50 = $140,000,000

Market value of debt = 10,000,000 × 95% = $9,500,000

Weighted of debt = Debt ÷ total firm

The total firm includes debt, preferred stock, and the equity which equals to

=  $140,000,000 + $9,500,000

= $149,500,000

So, Weighted of debt = ($9.5 million ÷ $149.50 million) = 0.0635

And, the weighted of common stock = (Common stock ÷ total firm)

                                                              = $140 million ÷ $149.50 million

                                                              = 0.9364        

And, the cost of equity = risk free rate of return + Beta × market risk premium

= 5% + 1.25 × 7%

= 5% + 8.75%

= 13.75%      

Now put these values to the above formula  

So, the value would equal to

= ( 0.0635 × 12%) × ( 1 - 35%) +  (0.9364 × 13.75%)

= 0.4953 + 12.88%

= 13.372%

7 0
3 years ago
During a resuscitation, the team leader assigns team roles and tasks to each member. You recognize that a task has been overlook
GalinKa [24]

Answer:

fill that overlooked role

Explanation:

In a scenario such as this one, the most appropriate action would be to fill that overlooked role. During a resuscitation, every second counts and all the members of a team are trained to handle these situations, therefore if a role has been overlooked by the team leader the other members need to fill that role as quickly as possible as long as they are not currently occupied with another role. Doing so will save time and potentially a life.

4 0
3 years ago
Homer deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Bart also deposited $3,00
Art [367]

Answer:

The answer is "Option a".

Explanation:

In this question, each year Barb pays back the interest received. It will add depth to its principle during the first year. In this, the actual case, the interest for $3000 at  5% for the first year = $150, would be added to $3 000, and $31,50. In the second year, Barb should gain a 5% interest on $3150. Throughout the case of Andy, the second principle will be $3000 like it was at the end of the first year. Thus, Barb's second year is going to have more interest.

  • In choice b, It is wrong because Andy wants to withdraw its interest, this won't get irritated. He would also receive less interest per year than Barb.
  • In choice c, Its interest would not be the same for both in the first year.
  • In choice d, It is wrong because Andy wants to withdraw interest each year, no compound interest will arise.  
  • In choice e, No, not that. Andy won't earn the interest compounded so, the Barb will receive the interest multiplied. Therefore, for the five-year duration, Barb can earn more interest.
3 0
3 years ago
Contemporary best-selling management books often argue that customers are the most important element in the external environment
My name is Ann [436]

Answer:

NO, I DO NOT AGREE

Explanation:

External environment in management are those factors that can affect business operation either directly or indirectly. these factors are classified under macro and micro factors.

the micro environment factors are PESTLE

customer, suppliers, competitor, public perception,

the macro environment factors are PESTLE

P -political

E - Economic

S -Socio cultural

T - Technological forces

L - Legal

E - Environmental factors

All these factors are important elements to be considered in the day to day activities of an Organization. PESTLE is even a analysis tools use to control and monitor the operation of the bussiness.

6 0
3 years ago
Other questions:
  • If 99 million people are working and 1 million are unemployed but actively seeking work, then the unemployment rate is ________.
    14·1 answer
  • Choose five of the ethical behaviors (enthusiasm, quality, cooperation, productivity, and safety) and post five rules that you w
    6·1 answer
  • If an advertiser refuses to comply with rulings made by the national advertising review board (narb), the narb is most likely to
    13·1 answer
  • When a student enters college, tuition is the
    5·2 answers
  • In which situation would you need to compromise to avoid stress and conflict?
    7·2 answers
  • Mrs. Arnold is spending all her money income by buying bottles ofsoda and bags of pretzels in such amounts that the marginal uti
    10·1 answer
  • A company makes a credit sale of $750 on June 13, terms 2/10, n/30, on which it grants a return of $50 on June 16. What amount i
    11·1 answer
  • The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex
    13·1 answer
  • What are two important benefits provided by retailers?
    9·1 answer
  • The qualitative characteristic of using the same accounting method each period over time refers to the concept of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!