How much net income should be distributed to emerson

Reference no: EM131763764

Question: Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $43,800 Interest of 8% on each partner's capital balance on January 1 Any remaining net income divided equally. Emerson and Dakota had $37,000 and $122,500, respectively in their January 1 capital balances. Net income for the year was $213,400. How much net income should be distributed to Emerson? $

Reference no: EM131763764

Questions Cloud

Develop self-programming learning plan : Develop a self-programming learning plan based on the experience of human computer interaction (HCI).

Developing effective ethics programs and audits : What challenges may arise with developing effective ethics programs and audits? Why do you say such?

Compute break-even point contribution margin : What effect would an increase in the selling price of the product have on the break-even point and the contribution margin?

Are these applicable in an international context : Explain the big five personality factors. Are these applicable in an international context? 1B) What are the four components of emotional intelligence?

How much net income should be distributed to emerson : Emerson and Dakota formed a partnership dividing income as follows: Annual salary allowance to Emerson of $43,800 Interest of 8% on each partner's capital.

Relaxation of government regulation play : What role did the relaxation of government regulation play in the economic crises? Consider how many business executives are being accused of fraud

Determine the net pay for the week : An employee earns $40 per hour and 1.75 times that rate for all hours in excess of 40 hours per week. Assume that the employee worked 60 hours during the week.

Barriers to communication can impede effective leadership : Explain how barriers to communication can impede effective leadership.

Compute the total amount of stockholders equity : At the end of the accounting period RST Company had $2,000 of par value stock outstanding, additional paid in capital of $3,000, retained earnings of $7,000.

User Account

All Pages