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
Masja [62]
3 years ago
5

Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell devote

s one-half time to the business. Determine the division of $150,000 of net income when there is no reference to division in the partnership agreement.
Business
1 answer:
drek231 [11]3 years ago
3 0

Answer:

the division of $150,000 will be $75000 and $75000.

Explanation:

2) since there is no reference to division of income in the partnership agreement then partnership income will distribute equally

so distribution = 150000/2 = 75000  

so, $ 150,000 will be distributed as $75000 and $75000 to Campbell and Jackson.

You might be interested in
Oval Inc. just paid a dividend equal to $1.50 per share on its common stock, and it expects this dividend to grow by 4 percent p
Rainbow [258]

Answer:

e. 14.60%

Explanation:

The computation of Oval's cost of new common equity is shown below:-

Price of stock = Estimated dividends for next period ÷ (Required rate of return - Growth rate)

Dividend =  $1.50 × (1 + 4%)

= $1.56

Price of stock would be the price net of flotation cost

= $16 × (1 - 8%)

= $14.72

Required rate of return

= (1.56 ÷ 14.72) + 0.04

= 14.60%

8 0
3 years ago
A credit card company wants your business. If you accept their offer and use their​ card, they will deposit 11​% of your monetar
Ket [755]

Answer:

I will have $183536835400 in my savings after 1515 years

Explanation:

Deposit into the savings account = 0.11×$2000020000 = $220002200

Earnings after 1515 years = 0.55×1515×$220002200 = $183316833200

Total amount in savings plan after 1515 years = $220002200 + $183316833200 = $183536835400

3 0
3 years ago
When is it okay to time out<br> someone? In Twitch
VARVARA [1.3K]
When that person spams I guess
3 0
3 years ago
Does anybody know xxalvinaa
natita [175]
....................no
3 0
3 years ago
with reference to relevant legislation , case law, and secondary sources briefly explain different functions of taxation
svetlana [45]

Answer:

Tax is a statutory obligation to pay an amount to the state or other public body, which is imposed on a person or company on the basis of their activities, without a direct connection to consideration from the payee. The main purpose is usually to finance the public sector. The tax can also have other purposes, such as equalizing income or influencing people's actions with the help of financial incentives.

8 0
3 years ago
Other questions:
  • Those who study management will understand how to ___.
    8·2 answers
  • Will mark BRILLIANT !!! Over the past few decades, what has been shown about school readiness programs? A . They are too challen
    13·1 answer
  • To be effective, market researchers must ___________ collect, record, analyze, and interpret data. Group of answer choices syste
    14·1 answer
  • The ____ is an award given by the president of the united states to organizations that apply and are judged to be outstanding in
    10·1 answer
  • In its 2016 annual report, Caterpillar Inc. reported the following (in millions): 2016 2015 Sales $38,537 $47,011 Cost of goods
    13·1 answer
  • When a business doesn't have control of all the environmental forces, it is called ________ design. For example, Acme Medical re
    13·1 answer
  • the income effect of a price change refers to the impact of a change in a) income on the price of a good b) demand when the inco
    5·1 answer
  • Outline one advantage and one disadvantage of investing in training....
    11·1 answer
  • A city orders a new computer for its General Fund at an anticipated cost of $93,000. Its actual cost when received is $94,460. P
    14·1 answer
  • how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!