First calculate sam's share income
40000/2=20000
sam's capital account balance at the end of the year is
sam capital - withdrawals + share income
58,000−15,000+20,000
=63,000
So the answer is 63000
Hope it helps!
Answer:
Option B ⇒ The annual interest rate on Note A is 9.35% .
Explanation:
Note B has an accrued interest for six months during 2013: $220,000 x .08 x 6/12 = $8,800.
The remainder of the accrued interest, $7,200 ($16,000 - $8,800) was from Note A, which was held for seven months in 2013.
Therefore, we have the following: $132,000 x annual interest rate x 7/12 = $7,200.
Thus, the annual interest rate on Note A would be ($7,200/132,000) x 12/7 = 9.35%.
Option B ⇒ 9.35% is the correct answer.
Answer:
Yankee Zoro
Break-even units 47000 188000
Explanation:
Break even for multiple products = Total fixed costs/ (weighted average selling price- weighted average variable cost)
weighted average selling price = ($295 * 20%) + ( $215 *80%) = 59+172=$231
Weighted average variable cost = ($160 * 20%) +( $140*80%)=32+112=$144
weighted average contribution = $231-$144 = $87
breakeven = $20,445,000/$87= 235000 units
for Yankee = 235000*20%= 47000
for Zoro = 235000*80%= 188000
