Accounting for partnerships and limited liability companies, accounting, Basic Statistics

Singer & Mcmann are partners in business. Singer''s original capital was $40,000 and Mcmann''s was $60.000. They agree to salaries of $12,000 and $18,00 respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will Mcmann''s share of the income be if the income for the year was $15,000.
Posted Date: 2/28/2012 10:23:42 PM | Location : United States







Related Discussions:- Accounting for partnerships and limited liability companies, accounting, Assignment Help, Ask Question on Accounting for partnerships and limited liability companies, accounting, Get Answer, Expert's Help, Accounting for partnerships and limited liability companies, accounting Discussions

Write discussion on Accounting for partnerships and limited liability companies, accounting
Your posts are moderated
Related Questions
Study A                                      Study B                       Study C x 2 = 1.683                    F = 7.357                    r = .83 df = 4

Report on the residual plots – are the assumptions of the regression met

how to make assignment maintenance cost control

The High Company Balance Sheet Assignment (to be completed using Microsoft Excel) -Create T accounts for each transaction #1-10 -Create a trial balance -Create Income Statement -

Imagine that a sample of 400 rental units shows that (i) the distribution of rents paid per month is not described by a normal distribution, (ii) that the mean rent of the sampl

explain two charateristics.and two aapplication ofics statist



State income tax In most declares paycheck accounting will involve a condition earnings tax. In those declares a company is necessary to hold the condition earnings tax that an

merits and demerits of arithmetic mean