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jolli1 [7]
2 years ago
9

Bill and Bob share profits of their partnership in the ratio of 6:1 respectively. If the net income of the firm is $29,000, calc

ulate the share of Bill's net income.
Business
1 answer:
nasty-shy [4]2 years ago
4 0

Answer:

The share of bill net income is $24,857

Explanation:

The computation of the share of bill net income is shown below:

Given that

Profit sharing ratio of Bill and BOb is 6 : 1

And, the net income of the firm is $29,000

So, the share of bill net income is

= Net income × bill share

= $29,000 × 6 ÷ 7

= $24,857

Hence, the share of bill net income is $24,857

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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<h3>Briefing:</h3>

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What are some of the primary reasons a company decides to expand internationally? Identify a company in the news that has recent
nignag [31]

Answer:

Primary reasons a company would decide to expand internationally are as follows:  

  • Expanding markets and increasing sales are one of the primary reasons.
  • Companies get globalized in order to become a market leader.
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  • Markets and investments would be protected by companies once they enter into international market and get engaged in an international business.
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The three motivational factors that induce a company to go global are as follows:

  • Economies of Scale — The advantage that a company gain through mass production to achieve the lowest possible production cost per unit.
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Jaguar Land Rover decided to manufacture cars outside the UK for the first time. In recent years, it has rapidly expanded in its home UK and the company is planning to go to Brazil and implement the strategies that they had implemented in India.

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3 years ago
Carmex's first efforts in marketing research had the research objective of figuring out who it was as a company and what the Car
umka2103 [35]

Answer: Definition the problem.

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In trying to solve a problem, the first and the most basic step to take is to identify or define the problem, this stage involves determining the circumstances and situation as it helps one to be focused and pay attention to what the real problem is.

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3 years ago
How does Truth In Lending protect consumers when shopping for a loan?
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<span>How does Truth In Lending protect consumers when shopping for a loan</span>
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3 years ago
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Borwan Company uses the weighted-average method in its process costing system. The Assembly Department started the month with 8,
Gnoma [55]

Answer:

73,000 units

Explanation:

The computation of equivalent units for conversion costs is shown below:-

Equivalent units = Units transferred ÷ Finished goods + (Units in closing Work in progress × Percentage of completion)

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= 73,000 units

Therefore for computing the Equivalent units we simply applied the above formula.

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3 years ago
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