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Zarrin [17]
3 years ago
6

Irene Watts and John Lyon are forming a partnership to which Watts will devote one-half time and Lyon will devote full time. The

y have discussed the following alternative plans for sharing income arc loss: (a) in the ratio of their initial capital investments, which they have agreed will Be $24.000 for Watts and $66,000 for Lyon; (D) in proportion to the time devoted to the Business: (c) a salary allowance o' $ 1.750 per month to Lyon and the Balance in accondcance with the ratio of their initial capital investments; or (d) a salary a' allowance of $1.750 per month to Lyon. 12% interest on their initial capital investments, and the balance shared equally. The partners expect the Business to perform as follows: year 1, $19,000 net loss: year 2. $47,500 net income; and year 3. S79.167 net income. Required: Complete the tables, one for each of the firs: three years. By shewing how to allocate partnership income or loss to the partners under each of the four plans being considered. (Amounts to Be deducted should Be indicated with a minus sign. Do not round Intermediate calculations.)
Business
1 answer:
Andru [333]3 years ago
3 0

Answer:

which subject questions

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Maxie's Game World sold games to a customer on credit for $2,600, terms 1/10, n/30 and the cost of the games was $1,700. When re
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Answer:

$2,600 in the Accounts Receivable Dr./Sales Cr. column and $1,700 in the Cost of Goods Sold Dr./Inventory Cr. column.

Explanation:

If we assume that Maxie's Game World uses a perpetual inventory system, the appropriate journal entries should be:

Date XXX, merchandise sold on credit to client YYY, terms 1/10, n/30

Dr Accounts receivable 2,600

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Dr Cost of goods sold 1,700

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7 0
3 years ago
You just won $30,000 and deposited your winnings into an account that pays 3.9 percent interest, compounded annually. how long w
ruslelena [56]
For this case we have an equation of the form:
 y = A * (b) ^ x

 Where,
 A: initial amount
 b: growth rate
 x: number of years
 Substituting values we have:
 y = 30000 * (1,039) ^ x

 By the time the earnings increase to 75000 we have:
 75000 = 30000 * (1,039) ^ x

 From here, we clear x:
 (1,039) ^ x = (75000/30000)

log1.039 ((1.039) ^ x) = log1.039 ((75000/30000))


 x = log1.039 ((75000/30000))

x = 23.95 years
 Answer:
 
you will have to wait until 23.95 years your winnings are worth $ 75,000
7 0
4 years ago
In a business-to-business transaction, the seller offers the buyer a 2 percent discount for paying a bill early. Assuming the us
chubhunter [2.5K]

Assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

<h3>Discounted amount </h3>

Using this formula

Discounted amount =Discount rate× Invoice

Let plug in the formula

Discounted amount=2%×$10,000

Discounted amount=$200

Therefore assuming the user took advantage of this offer, the amount that would be discounted on a $10,000 invoice is: $200.

Learn more about Discounted amount  here:brainly.com/question/12965533

#SPJ1

8 0
1 year ago
In _________, machines are designed to do multiple tasks so that they can produce a variety of products.
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<span>flexible manufacturing</span>
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3 years ago
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FIRST PERSON TO ANSWER PROPERLY GETS BRAINLIEST!!!
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