Answer:
Christie 's share = $ 37759.09
Jergens Share = $ 47,441
Explanation:
Partner's Profit share are calculated after the deduction of salary or any other interest incomes.
Profit for the current year = $ 163,000
Christie' s Salary $ 69,000
Christie Interest Income $ 3900
10 % 0f $ 390,000
Jergens Interest Income $ 4900
10 % 0f $ 490,000
Profit Balance $ 85,200
Profit Sharing Ratio
Christie : Jergens
390,000: 490,000
39: 49
Christie 's share = $ 85,200 * 39/88= $ 37759.09
Jergens Share = $ 85,200 * 49/88= 47440.9= $ 47,441
College education provides an investment in your future earning capacity. By investing resources today, you are assuming that your return on this investment will be paid through your future annual salary. This future annual salary is assumed to be greater than if you chose not to invest your resources in a college education.
Answer:
The correct answer is letter "B": processing cost.
Explanation:
Processing cost is a method of costing implemented in large institutions to track the costs per unit incurred in the business. This approach is mainly used when the company produces items in mass-scale that are very similar or equal and the costs tend to be assigned in mid-term periods -typically one month.
Answer:
(B) False
Explanation:
Managerial accounting, unlike financial accounting designed for external users including creditors, investors, and governmental agencies, is exclusive for the managers of an organization. It helps to provide information about accounting by analysing and communicating financial information to managers for the pursuit of an organization's goals and also helps the management and performance of controlling.
if the locations are far from each other
Explanation:
A company may decide to take up such measures if
- <u>the sites where the products are sold are very far from each other</u> and the expenditure of distribution hampers profit.
- <u>if it is viable to put up small manufacturing and distribution centers</u>
- if <u>the different products of a firm require different sort of manufacturing </u>which is viable in different places and not in a centralized unit.
All of these stem from the logistic concern of the locations of operations being far enough from each other for these measures to come into play.
