Xavier and Yolanda have original investments of $45,200 and $109,400, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $26,400 and $30,200, respectively; and the remainder to be divided equally. How much of the net income of $115,800 is allocated to Yolanda?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Xavier and Yolanda have original investments of $45,200 and $109,400, respectively, in a partnership. The articles of partnership include ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Hurricane Wings has budgeted the following costs for a month in which 24,000 wings will be cooked and sold. Wings, breading, and sauce $4,900 Direct labor (Variable) 3,500 Rent 1,100 Depreciation 900 Other fixed costs 400 Each wing sells for $0.
Answers (1)
Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a product cost, identify it as direct materials, direct labor, or factory overhead, and then as a prime and/or conversion cost.
Answers (1)
A factory owner might decide to manufacture shirts in pakistan instead of the united states because
Answers (1)
When only certain eoc team members or organizations are activated to monitor a credible threat, which activation level has been implemented?
Answers (1)
Common resources differ from public goods in that: A) common resources are resources that cannot be renewed but the production of public goods can be increased any time.
Answers (2)
New Questions in Business
Charles and Sarah own a home in Palm Springs, CA. During the year, they rented the house for 40 days for $5,000 and used it for personal use for 18 days. The house remained vacant for the remainder of the year.
Answers (1)
A coase solution to a problem of externality ensures that a socially efficient outcome is to
Answers (1)
What is the input and out put of a new mall
Answers (1)
EcoFabrics has budgeted overhead costs of $1,077,300. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 513,000 for the current year.
Answers (1)
During Bruce Company's first year of operations, the company purchased $4,300 of supplies. At year-end, a physical count of the supplies on hand revealed that $1,825 of unused supplies were available for future use.
Answers (1)