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
amm1812
3 years ago
9

Blake and Matthew are partners who agree that Blake will receive a $103,000 salary allowance and that any remaining income or lo

ss will be shared equally. If Matthew’s capital account is credited for $3,000 as his share of the net income, how much net income did the partnership earn?
Business
1 answer:
Sedaia [141]3 years ago
7 0

Answer:

total net income = $109,000

Explanation:

given data

Blake receive = $103,000

Matthew capital account is credited = $3,000

solution

we know that both partner get equal part in  remaining loss or income

so here Blake get $3,000 as share of the net income

so that here net income for the period, that will Blake's salary allowance +  amount shared in both persons of net income

as that

total net income = $103,000 + $3,000 +$3,000

total net income = $109,000

You might be interested in
​Doug's Boat​ Shop, Inc. reports operating income of​ $260,000 and interest expense of​ $31,200. The average common​ stockholder
SCORPION-xisa [38]

Answer:

1.  Interest coverage ratio=8.33

2. debt stockholder ratio=0.624

3. debt ratio=0.21

Explanation:

Leverage ratio is a financial tool used to determine a company's level of debt and it's ability to handle debt without going bankrupt.

1. Consider the interest coverage ratio formula;

interest coverage ratio=operating income/interest expense

where;

operating income=$260,000

interest expense= $31,200

replacing;

interest coverage ratio=260,000/31,200=8.33

2. Consider the debt to equity ratio formula;

debt to equity ratio=debt/stockholder equity

where;

debt=interest expense=$31,200

stockholder equity= $50,000

replacing;

debt stockholder ratio=31,200/50,000=0.624

3. Consider the debt ratio formula;

debt ratio=debt/assets

where;

debt=interest expense=$31,200

average assets=(beginning asset balance+ending asset balance)/2

average assets=(115,000+180,000)/2=$147,500

replacing;

debt ratio=31,200/147,500=0.21

3 0
3 years ago
If an employer does not offer a retirement plan, what might be another way to save for retirement? ATraditional IRA
asambeis [7]
The answer to this question is C. 401k Plan
In 401k plan, employees could automatically deduct some part of their earning to be allocated to their retirement fund.
This deducted earning are considered pre-tax, so the total tax that employees will have to pay is based on the amount of the earning after the deduction.
7 0
3 years ago
Read 2 more answers
For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 de
snow_lady [41]

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

In the first case,

Future value = $2,050 × (1 + 0.12)^12

                     = $2,050 × 3.895975993

                     = $7,986.75

In the second case,

Future value = $8,352 × (1 + 0.10)^6

                     = $8,352 × 1.771561

                     = $14,796.08

In the third case,

Future value =  $72,355× (1 + 0.11)^13

                     = $72,355 × 3.883280163

                     = $280,974.74

In the fourth case,

Future value = $179,796 × (1 + 0.07)^7

                     = $179,796 × 1.605781476

                     = $288,713.09

4 0
3 years ago
Equally weighted indexes do not correspond to buy and hold portfolio strategies. true false question. true false
Svetllana [295]

Equally weighted indexes do not correspond to buy and hold portfolio strategies. this statement is true.

An index is a measure or measure of something. In finance, it usually refers to a statistical measure of changes in the stock market. For financial markets, stock and bond market indices consist of hypothetical portfolios of securities that represent a particular market or segment thereof.

An index is a list of words or phrases and clues to where useful material about that heading can be found in a document or collection of documents. Examples include an index on the spine of a book or an index that serves as a library catalog.

Learn more about indexes  here

brainly.com/question/22930696

#SPJ4

4 0
1 year ago
Bok buys an espresso machine from Coffee Gadgets, which bills him for $100. He writes out a check drawn on Dios Bank, but later,
noname [10]

Answer: d. must stop payment if the bank has a reasonable time to act.

Explanation:

Dios as a bank holds money for it's customers which means that the money is still under the ownership of the customer in question to do as they see fit.

If the customer therefore instructs them to act in a certain way with that money, they will do so provided that it is legal of course.

Bok asks Dios to stop a payment related to his own money and so they must do so if they have enough/reasonable time to do so because as their customer, he is there first priority especially in relation to his own money.

5 0
3 years ago
Other questions:
  • What helps advertisers decide what works and what could be improved?​
    11·1 answer
  • In the context of data administration component, the acronym crud stands for copy, revise, undo, and define.
    14·1 answer
  • Anheuser-Busch InBev Companies, Inc., reported the following operating information for a recent year (in millions of dollars): N
    5·1 answer
  • Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.55, $1.63, and $1.6
    11·1 answer
  • EB7.
    13·1 answer
  • Dion, an accountant for Entertainment Sports, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts th
    12·1 answer
  • Which of the following statements is CORRECT regarding deciding whether an alcohol sale is legal?
    9·2 answers
  • Identify the outcomes when a manager views supply chain operations as a collection of processes rather than a collection of depa
    7·1 answer
  • Why is a bank more likely to offer you credit if you have a cosigner?
    7·1 answer
  • Palace Company has two service departments and two user departments. The number of employees in each department is:Personnel 10C
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!