Answer:
E) None of the above
Explanation:
In partnership, the partners earn profit. The salary allowances are considered as though paid to a third party and are considered before arriving at the net income.
As such, given that net income is $30,000 and is to be shared in the ratio 80:20 between Gary and Elaine respectively.
Elaine's share = (20/100) × $30,000
= $6,000
Answer:
The high school student should analyze the point at which the marginal cost equals the marginal benefit.
In other words, he or she should see if the increased costs of attending Petesburg University are more or less equal to the increased benefit that is gained from graduating from a more prestigious university.
The student should also analyze the possible opportunity cost in the future. Attending amore renowned college can result in better job prospects than doing otherwise. Higher salaries in the future could be given up if he or she chooses the cheaper option.
The present value (PV) of an annuity of P equal periodic payments for n years at r% is given by:
where
is the <span>present value of an annuity factor for n years at r%.
Given that </span>a<span>
company borrowed $40,000 cash from the bank and signed a 6-year note at
7% annual interest and that the present value of an annuity factor for 6 years
at 7% is 4.7665.
Then
Therefore, </span><span>the annual annuity payments equals $8,391.90</span>
The answer is B,"Yes, eventually their debts must be repaid with interest.
Answer:
$21
Explanation:
The computation of the sales commission per unit sold is shown below:
= Selling price per unit × sales commission percentage
= $350 × 6%
= $21
By multiplying the selling price per unit with the sales commission percentage we can get the sales commission per unit and the same is shown above in the calculation part.
All other information is not relevant. Hence, ignored it
