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grin007 [14]
3 years ago
12

Henry Carr and Noreen Mason formed a partnership, dividing income as follows: annual salary allowance to Carr of $42,000; intere

st of 7% on each partner's capital balance on January 1; any remaining net income is divided equally. Carr and Mason had $63,000 and $147,000 in their January 1 capital balances, respectively. Net income for the year was $442,000. How much net income should be distributed to Carr
Business
1 answer:
Evgesh-ka [11]3 years ago
8 0

Answer:

$239,060

Explanation:

The computation of the net income distributed to Carr as follows;

<u> Particulars     Carr      Mason      net income distributed   Non-allocated </u>

Net income                                                                              $442,000

Salary

allowance     $42,000                  $42,000                            $400,000

Interest

on capital     $4,410   $10,290      $14,700                            $385,300

left amount  $192,650 $192,650  $385,300                        $0

Net income  $239,060

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Answer:

Free trade.

Explanation:

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In the world of our own, which is of the recent times, this policy implementation is done by means of a formal and mutual agreement of the nations which are seen to be involved. Also this policy in some cases may simply be the absence of any trade restrictions.

7 0
3 years ago
Rick Palmer received a $2,500 raise this year. This increased his salary as an associate TV producer from $45,000 to $47,500. Wh
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Answer: Rick had a 5.55%  nominal salary Increase.

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4 0
3 years ago
What is true about credit scores
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8 0
3 years ago
Honda Motor Company is considering offering a $ 1 comma 800 rebate on its​ minivan, lowering the​ vehicle's price from $ 30 comm
finlep [7]

Answer:

Taking into consideration only the income, the increase in unit sales will not increase the income of Honda. It can impact in other ways, like a decrease in inventory.

Explanation:

Giving the following information:

Honda Motor Company is considering offering an $1800 rebate on its​ minivan

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Old price $28400.

The marketing group estimates that this rebate will increase sales over the next year from 42000 to 53900 vehicles.

Honda's profit margin with the rebate is $5650 per vehicle.

Normal price:

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New price:

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Taking into consideration only the income, the increase in unit sales will not increase the income of Honda. It can impact in other ways, like a decrease in inventory.

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3 years ago
Suppose you graduate with an accounting degree and then become a certified public accountant. You work for a big firm, but are o
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Answer:

The answer is: marginal tax rate

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