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
ddd [48]
3 years ago
6

The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $30,000, plus a bonus

of 20 percent of income after deduction of the bonus and the salary allowance. If income is $150,000, the bonus should be:
A. $18,000
B. $20,000
C. $24,000
D. $30,000
Business
1 answer:
Pavel [41]3 years ago
8 0

Answer:

The correct answer is C: Bonus= $24000

Explanation:

The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $30,000, plus a bonus of 20 percent of income after deduction of the salary allowance.

The formula to calculate the bonus is:

Bonus=0,20*(Income-salary)

If income is $150000

Bonus= 0,20*(150000-30000)=$24000

You might be interested in
S&L Financial buys and sells securities that it typically classifies as available-for-sale. On December 27, 2018, S&L pu
nikdorinn [45]

Answer:

2018 loss for 1,500

2019 gain for 4,000

Explanation:

purchase at 715,000

December 31th 713,500

adjusting entry december 31th

loss on investment          1,500 debit

    marketable securities                     1,500 credit

january 3rd, 2019

cash                                717,500 debit

     gain on investemnt                       4,000 credit

     martetable securities                 713,500 credit

to record gain on investment

6 0
3 years ago
Universal Travel Inc borrowed $500,000 on November 1, 2018 and signed a twelve month note bearing interest at 6% Principal and i
horrorfan [7]

Answer:

Interest will be $5000

So option (A) will be correct option

Explanation:

We have given principal amount P = $500000

Rate of interest = 6 %

Time is November 1 to December 31

So time = 2 months = 0.1666 year

Interest is given by

Interest =\frac{principal\ amount\times rate\times time}{100}=\frac{500000\times 6\times 0.1666}{100}=$5000

So option (a) will be correct option

4 0
3 years ago
In recent decades, the average level of skills and training possessed by immigrant workers has: A. increased. B. decreased. C. r
Gwar [14]
The average level has increased A
5 0
3 years ago
Geothermal corp. just announced good news: its earnings have increased by 20%. most investors had anticipated an increase of 25%
Nataly_w [17]
The answer would be the stock price will decrease. The reason behind this is the original price replicates an expectation or looking forward of a 25% upsurge in the company’s earnings. The actual increase is a dissatisfaction compared to original expectations.
3 0
3 years ago
Bridgeport Architects incorporated as licensed architects on April 1, 2022. During the first month of the operation of the busin
Goryan [66]
Ok thanks so much for your i i for a while and i is going there for the rest of
5 0
3 years ago
Other questions:
  • Peanuts are an input in the production of peanut butter. If a decrease in the supply of peanuts increases the price of peanuts,
    11·2 answers
  • For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP
    15·1 answer
  • Ms. Krisak asks the question, "Does the ability to stay on the cutting edge of home interior trends provide our customer tangibl
    14·1 answer
  • What is one of the basic principles of economics?
    15·1 answer
  • Before protecting a worksheet to avoid people from editing the formulas, you must ________.
    10·1 answer
  • Finley Company
    14·1 answer
  • Tamarisk has the following inventory data:
    9·1 answer
  • Production would be _____ if there is a low supply for a product.
    5·1 answer
  • Phân tích điều kiện bản thân với tư cách là người chủ doanh nghiệp
    8·1 answer
  • Imagine that you are a management coach and one of your clients, a new manager, says, “I’ve heard that about two thirds of manag
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!