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lana [24]
2 years ago
3

The partnership agreement of K. Mitch and A. Alam reflects differences in service and capital contributions as follows: (1) annu

al salary allowances of $20,000 to Mitch and $40,000 to Alam (2) annual interest allowances of 10% of a partner's beginning-year capital balance, and (3) equal share of any remaining balance of income or loss. Both partner's beginning-year capital balance was $70,000. Net income was $100,000. Income allocated to Alam is $
Business
1 answer:
FinnZ [79.3K]2 years ago
6 0

Answer:

The answer is: $60,000

Explanation:

Since we are given the total revenue and total expenses for this partnership, we can elaborate the following income statement:

Total revenue                          $100,000

Total expenses

Mitch's salary           $20,000

Alam's salary           $40,000

<u>                                                 ($60,000) </u>

Net income                               $40,000

Their partnership agreement stated that all net income should be divided equally between both partners, so Mitch will receive $20,000 and Alam $20,000.

Alam's total income = $40,000 + $20,000 = $60,000

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Rodney just earned his master's degree in Marketing. Based on his education, which job would he be best suited for? Supply Chain
lubasha [3.4K]

Answer:

Marketing Specialist

Explanation:

Marketing is in all the activities undertaken by a business to entice customers to but its products.  It will include all promotional initiatives that aim at increasing the sales volume of a company. These activities range from advertising, promotions, publicity, and direct selling.

Rodney has graduated in marketing; meaning has acquired skills and competencies required in the marketing discipline. He will be more effective as a marketer as he has adequate knowledge of marketing. Rodney will be more fulfilled and better motivated in marketing because that is his area of strength.

7 0
2 years ago
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
morpeh [17]

Answer:

c. $112,800

Explanation:

The computation of operating income is shown below:-

= (Contribution margin of blink division × Increase sales percentage) - Fixed cost of blink division - Allocated common costs of blink division - Allocated common costs of blur division

= ($218,000 × 135%) - $93,000 - $48,000 - $40,500

= $294,300 - $93,000 - $48,000 - $40,500

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5 0
2 years ago
You look up the phone number of the new pizza hut and repeat the number silently in your head until you find a pad of paper to w
aniked [119]
I believe that is called "rehearsal"
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2 years ago
A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which
Vika [28.1K]

Answer:

The correct answer is letter "A": Histogram.

Explanation:

A Histogram is a graphic representation of grouped data in intervals. The data comes from quantitative variables. A histogram allows generating an idea of the distribution of the data or samples. Qualitative data can also be used but the amount of data must be large. This type of graph plots rectangular vertical bars together with proportional height to the intervals they represent.

Thus,<em> the project in the example can use a histogram to portrait its level of sales through the different seasons.</em>

7 0
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Near an ocean beach, a high-rise building is being constructed that will block the scenic view of the ocean by the residents of
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Answer:

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Explanation:

The Coase Theorem points out that if property rights are well defined and transaction costs are zero, the negotiation between the parties will lead us to an optimal point of allocation in the market.

According to Coase's theorem, when the parties can negotiate freely and without major costs, it does not really matter which part initially has the right of ownership since in the end it will remain in the hands of those who value it most. The final result of the negotiation will lead us to an optimal allocation of resources.

Property rights indicate who owns or has permission to do something.

4 0
2 years ago
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