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Volgvan
3 years ago
13

Seth and Rachel have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership i

nclude the following provisions regarding the division of net income: interest on original investments at 15%; salary allowances of $24,000 and $20,000, respectively; and the remainder to be divided equally. How much of the net income of $90,000 is allocated to Seth?
Business
1 answer:
zysi [14]3 years ago
4 0

Answer:

The amount of the net icome of $90,000 to be shared to Seth is $43,250.

Explanation:

Net income shared to Seth = net income - interest on capital at 15% - salary allowance -balance to be equally shared

= $90,000 - 15%(90000) - $20000 -  $11750

= $43250

Therefore, the amount of the net icome of $90,000 to be shared to Seth is $43,250.

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Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,988. The
cluponka [151]

Answer:

$6,809.04

Explanation:

Calculation to determine what her net pay for the month is

Gross Pay (a) $8,988

Less: Deductions

Social Security Tax $557.26

($8,988 * 6.2%)

Medicare Tax $130.33

($8,988 * 1.45%)

Federal income Tax $1,491.37

Total Deductions (b) $2,178.96

Net Pay (a-b) $6,809.04

($8,988-$2,178.96)

Therefore her net pay for the month is $6,809.04

6 0
2 years ago
The pre-tax cost of debt for a firm: is based on the yield to maturity on the firm's outstanding bonds. is equal to the coupon r
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Answer:im sorry i dont know

Explanation:

8 0
3 years ago
Verizon is running two TV ads to attract new customers. Ad A is run once a week, and it costs $20 per showing. Ad B is run once
maria [59]

Answer:

TRUE The Statement is correct

Explanation:

We need to add up both advertizement contract to knwo the total acquisition cost of the advertizement.

<u>First contract cost:</u>

365 daysper year / 7 dayts per week = 52 week per year

52 week per year x $20 dolllar per weke = $1,040

<u>Second contract cost:</u>

12 months per year x $100 per month =       $1,200

Total acquisition cost: 2,240

4 0
3 years ago
Discuss why customer relationship management systems help organizations achieve customer intimacy
kipiarov [429]
CRM frameworks coordinate and robotize client confronting forms in deals, advertising, and client benefit, giving an undertaking wide perspective of clients. Organizations can utilize this client learning when they cooperate with clients to furnish them with better administration or to offer new items and administrations. These frameworks likewise recognize productive or nonprofitable clients or chances to decrease the agitate rate. The significant client relationship administration programming bundles give capacities to both operational CRM and diagnostic CRM. They frequently incorporate modules for overseeing associations with offering accomplices and for worker relationship administration
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2 years ago
James Corporation owns 80 percent of Carl Corporation's common stock. During October, Carl sold merchandise to James for $307,00
Arturiano [62]

Answer:

$69,075

Explanation:

James Corporation

Merchandise remaining in James’s inventory:

$307,000 × 50% = $153,500

Intra-entity gross profit:

$153,500 × 45% = $69,075.

James’s ownership percentage of Carl will have no impact on this computation.

Therefore the amount of intra-entity gross profit in inventory at December 31 that should be eliminated in the consolidation process is $69,075

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3 years ago
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