Answer:
Christie's share is $104500 while Jergens share is $48500. Thus, the first option is the correct answer.
Explanation:
The appropriation of net income among the partners will be as follows,
$ $
Net Income $153000
<u>Less: Salary to Partner</u>
Christie (66000)
<u>Less:Interest on Capital</u>
Christie 36000
Jergens <u>46000 (82000)</u>
Remaining Profit 5000
<u>Distribution of Remaining Profit</u>
Christie (5000/2 = 2500) 2500
Jergens (5000/2 =2500) <u>2500</u>
<u />
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Christie's Share = 66000 + 36000 + 2500 = $104500
Jergen's share = 46000 + 2500 = $48500
Answer:
Option D,50% is the correct answer.
Explanation:
Dividend payout ratio is an important financial measure which measures the ratio of company's dividends payment to net income of the company.
This implies the portion of income earned in a year given to shareholders as dividends while the remains is kept in the business as source of further growth.
Dividend payout ratio=dividends/net income=$100/$200=50%
Answer:
To minimize risk, investors should investigate the market and diversify its portfolio.
Interest that builds on the principle and the interest already gained is compound interest
Money invested in a CD
always have a fixed rate of return and is less risky than money used to purchase a home.
Answer:
The answer is 8.90%
Explanation:
Solution
Given that:
The bond face value =$1000
Annual coupon rate =10%
Maturity rate =12 years
Price sold at =1080
Now we find the component cost of debt for use
Thus
The debt (cost) = Yield to maturity
So
YTM = Annual interest payment + [(Face value - Present price / Years to maturity] / [0.6(Price of bond) + 0.4 (principal payment)]
= $100 + [($1000 - $1080) / 12] / [0.6 * $1080 + 0.4 * $1000]
= $100 - 6.67 / $1048
= $93.33 / $1048
= 0.0890 or 8.90%
Therefore the debt for use is 8.90%
Answer:
Question requires that you find five sentence fragments, one dangling modifier, one passive-voice sentence, and one parallelism fault.
Sentence Fragment
A sentence fragment is so because it is either missing a subject, or a verb, and/ or a complete thought. It is therefore an incomplete sentence.
- 5. Although no clear line separates fun from profit or a hobby from a business.
- 12. If you spend eight or more hours a day trading on eBay.
- 17. If you spend $5 for a garage sale vase and sell it for $50.
- 18. The IRS would probably consider this a business transaction.
- 20. Even for eBay sellers who are just playing around. (not a proper sentence)
Dangling Modifier
Attempts to modify an unclear word in the sentence
- 19. All profits are taxable.
It is unclear what profits the sentence alludes to.
Passive-voice sentence
In Passive voice, the subject of the text is the one that is being acted upon.
- 13. The IRS would tend to think you are in a business.
Parallelism Fault
This occurs when the sentence is not grammatically parallel. In other words the sentence does not follow as it is not using the same structure.
- 3. As you are probably already aware, you can use eBay or one of the other sellers to clean out your closets or to run a small business.
