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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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Bramble Corp. incurs the following costs to produce 13000 units of a subcomponent: Direct materials $10920 Direct labor 14690 Va
Mumz [18]

Answer:

$4,850

Explanation:

The computation is shown below:

Total cost when the production is 13,000 units

Direct materials $10,920

Direct labor $14,690

Variable overhead $16,380

Total $41,900

And, the other case

Their new cost on supplier offer is

= $2.85 × 13,000 units

= $37,050

In the case when the order is accepted So the net income would increased by

= $41,900 - $37,050

= $4,850

7 0
3 years ago
Suppose our firm produces chartered business flights with capital​ (planes) and labor​ (pilots) in fixed proportion​ (i.e., one
GREYUIT [131]

Answer:

A. follow the​ 45-degree line from the origin

Explanation:

In order to diversify the business that means the output level should be increased we need to rise the input i.e. no of planes and pilots

Now if we increase the no of planes by 1 so here the no of pilots should also be increased by 1 units

So the expansion path equation is y = x

Therefore the option a is correct

5 0
3 years ago
If you were Marshall, what types of concerns would you want to be sure to bring up with the accountant?
damaskus [11]

Answer:

If I would be a Marshal, I would like succeeding apprehensions should to be indisputable with accountant.

  • Recognize the environment- accountant must appreciate the industry, responsibility or the organization in very clear style. He should clearly recognize and go with the administrative goals.
  • Communication capability- Accountant must have resilient communication capability to talk with other individual and to make him recognize about any request of that individual.
  • Flexibility- as the rules and policies are changes time to time, accountant must flexible enough to accept the changes easily.
  • Strong Ethics- moreover the applied ethics, accountant should also have durable moral ethics.
  • He should have durable confidence. Furthermore he should confirm to keep personal information secure.
  • Precise and Detailed evidence- the accounts organized by accountant must be precise and very clear. It also should be thorough. Proper foot notes should be stated in financial statements.
  • Inspiration- account must have competence of rational thinking to come up with fresh clarifications for given problems.
  • Trustworthiness- the accountant should be dependability. He knows the secrets of the responsibility. So he should not to reveal these secrets to anyone without prior specialist.

3 0
4 years ago
The social cost of cutting trees for firewood in a government forest is:
alukav5142 [94]

Answer:

d. the increased likelihood of flooding as more trees are cut plus the private cost of cutting the trees.

Explanation:

Social cost is defined as private cost incurred by individuals involved in a transaction along with external cost incurred by third parties that are not directly involved in the transaction. Basically it is the total cost to society for carrying out an activity or transaction.

In the given instance private individuals are incurring cost of cutting trees in a government forest, and the cost to the society at large is the increased likelihood of flood because the trees have been cut down.

5 0
3 years ago
You just purchased two coins at a price of $790 each. Because one of the coins is more collectible, you believe that its value w
Novosadov [1.4K]

Answer:

$3,233.12

Explanation:

Data given in the question

Purchase value of two coins = $790

First coin rate = 7.3%

Second coin rate = 6.7%

So, after considering the above information, the amount worth in 20 years

= Purchase value of two coins ×(1 + interest rate)^number of years

= $790 × (1 + 0.073)^20

= $790 × 4.0925541961

= $3,233.12

4 0
3 years ago
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